Nifty Outlook And Market Update : 24.12.2019

Market Update

Profit-booking across financial counters after last week’s rally, and selling in select index heavyweights put lid on gains during Monday’s trading session. Despite witnessing a sharp slide during the last trading hour, markets recovered to settle flat.
On the NSE, the broader Nifty50 index declined 9.05 points,or  per cent, to settle at 12,262.75 level. The Sensex and Nifty50 hit an intra-day low of 41,474.61 and 12,213.25, respectively.At the index level, Nestle, SBI, RIL, and M&M were the top laggards on the Sensex, while Maruti Suzuki, Hero Motocorp, HDFC, and Titan ended the day as top gainers.On the sectoral front, Nifty PSU Bank index slumped the most, down 1.29 per cent, while Nifty Realty and FMCG indices, each, closed nearly 0.5 per cent lower. On the upside, Nifty Media index advanced 0.7 per cent.
The broader markets settled almost flat on Monday. The S&P BSE mid-cap index slipped 0.09 per cent to 14,822.60 -mark, while the S&P BSE small-cap index erased 0.07 per cent to 13,382.03 level.