Midday Market: Sensex holds steady at 81,012.14; Nifty trades at 24,470.35 amid sectoral volatility

11 hours ago 3

As of 1:24 PM IST connected December 4, the Sensex was astatine 81,012.14, up by 166.39 points oregon 0.21 per cent, portion the Nifty stood astatine 24,470.35, gaining 13.20 points oregon 0.054 per cent. Despite aboriginal gains, the marketplace remained volatile owed to declines successful the auto, metal, and FMCG sectors.

Sector performance

The Nifty Auto scale dropped by 1 per cent, with large stocks similar Tata Motors, Maruti Suzuki, Bajaj Auto, and M&M starring the decline. The Metal scale fell by 0.8 per cent, influenced by losses successful Tata Steel, JSW Steel, and Hindalco. Similarly, FMCG, Pharma, and Healthcare sectors saw humble drops.

Mid and small-cap resilience

Despite the volatility successful large indices, mid and small-cap stocks showed comparative strength, gaining 0.6 and 0.5 per cent, respectively, arsenic retail and HNI investors proceed to absorption connected prime picks.

Stocks to watch

Wonderla Holidays roseate 15 per cent pursuing a QIP launch.
Suzlon Energy gained 5 per cent aft winning a ample upwind powerfulness project.
Honasa Consumer surged 9 per cent aft its CEO accrued his involvement successful the company.

Market outlook

The trend-deciding level for the Nifty is 24,406. A commercialized supra this whitethorn pb to a rally, portion a driblet beneath could effect successful profit-booking.

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