Midday Market Update: Sensex Steady at 81,012.14; Nifty at 24,470.35 Amid Volatility

As of 1:24 PM IST on December 4, the Sensex registered at 81,012.14, marking an increase of 166.39 points, or 0.21 percent. The Nifty also saw a slight rise, standing at 24,470.35, up by 13.20 points, or 0.054 percent.

Even with early gains, market activity remained tumultuous, largely due to downturns in key sectors such as auto, metal, and FMCG.

Sector Performance

The Nifty Auto index experienced a decline of 1 percent, influenced by major players like Tata Motors, Maruti Suzuki, Bajaj Auto, and M&M. The Metal index followed suit with a drop of 0.8 percent, as declines in stocks like Tata Steel, JSW Steel, and Hindalco contributed to the downturn. Additionally, the FMCG, Pharma, and Healthcare sectors also registered modest declines.

Mid and Small-Cap Resilience

In spite of significant volatility seen in the larger indices, mid and small-cap stocks displayed relative strength. These categories gained 0.6 and 0.5 percent, respectively, as retail and HNI investors remained focused on high-quality picks.

Stocks to Watch

• Wonderla Holidays shares rose 15 percent following a QIP launch.

• Suzlon Energy saw a gain of 5 percent after securing a large wind power project.

• Honasa Consumer surged 9 percent after its CEO increased his stake in the company.

Market Outlook

The critical level to observe for the Nifty is 24,406. Trading above this level may induce a rally, while falling below could signal profit-booking activities.

Midday, Market, Stocks