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The Indian stock market benchmarks, the Sensex and the Nifty 50, ended lower on Wednesday, December 24, due to profit booking in select heavyweights, including Reliance and ICICI Bank, amid mixed global cues. The Sensex dropped 116 points, or 0.14%, to close at 85,408.70, while the Nifty 50 settled at 26,142.10, down 35 points, or 0.13%. The BSE Midcap index fell 0.37%, while the Smallcap index ended 0.14% lower. The overall market capitalisation of BSE-listed firms slipped below ₹475 lakh crore from ₹475.70 lakh crore in the previous session.

The domestic market ended with nominal losses amid a lack of fresh domestic triggers. Investors are booking profits at rise- a trend which is expected to continue until December quarter earnings announcements start. Focus remains on India-US trade negotiations and global trends.

"Indian equities moved largely sideways in a holiday-shortened week, with trading volumes remaining subdued as the year draws to a close—a trend mirrored across broader Asian markets. On the global front, stronger-than-expected US GDP data points to economic resilience, although rising unemployment has tempered optimism," said Vinod Nair, Head of Research, Geojit Investments.

Trent (up 2.26%), Shriram Finance (up 1.69%), and Apollo Hospitals Enterprise (up 1.46%) ended as the top gainers in the index.

InterGlobe Aviation (down 1.55%), Adani Enterprises (down 1.37%), and Dr. Reddy's Laboratories (down 1.28%) ended as the top losers in the index. As many as 30 stocks ended with losses in the index.

Barring Nifty Media (up 0.44%), Realty (up 0.17%), and Metal (up 0.15%), all sectoral indices ended lower.

Nifty Oil and Gas (down 0.76%), Pharma (down 0.51%), and IT (down 0.51%) ended among the top losers.

Nifty Bank slipped 0.20% to end at 59,183.60.

Vodafone Idea (60.65 crore shares), Groww (15.6 crore shares), and Tata Mutual Fund Tata Silver Exchange Traded Fund (11.2 crore shares) were the most active counters in terms of volume on the NSE.

Teamo Productions HQ, Modi Rubber, and Oval Projects Engineering were among the eight stocks that surged more than 15% on the BSE.

Out of 4,332 stocks traded on the BSE, 1,841 advanced, while 2,346 declined. Some 145 stocks remained unchanged.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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