The Nifty 50, India’s benchmark stock market index, continues to be a focal point for investors and traders alike. On December 26, 2024, the Nifty 50 showcased a dynamic trading session, reflecting the market’s sentiment and economic trends. Below, we provide a detailed analysis of the day’s performance, including key metrics, top gainers and losers, sectoral performance, and resistance and support levels.
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Nifty 50 Today Live Updates: December 26, 2024
At 10:30 AM, the Nifty 50 was trading at 23,752.5, reflecting a marginal change of 0.1%. Throughout the day, the index fluctuated within a range of 23,854.5 to 23,729.05. Nifty futures were recorded at 23,747.45 (-0.1%), with an open interest change of -2.17%, indicating a potential reversal of the bearish trend in the near future.
Advance to Decline Ratio
As of 10:30 AM, the Advance to Decline ratio on the Nifty 50 stood at 1.23, indicating a slightly positive market sentiment with more advancing stocks compared to declining ones.
Top Gainers and Losers
At 10:00 AM, the top gaining stocks on the Nifty 50 were Bharat Petroleum Corporation, State Bank of India, and SBI Life Insurance Company. On the other hand, the top losing stocks were Tech Mahindra, Trent, and Asian Paints.
Sectoral Performance
As of 09:35 AM, the top-performing sectors among the sectoral indices were:
– NIFTY PSU Bank (1%)
– NIFTY Bank (0.87%)
– NIFTY PVT Bank (0.85%)
Meanwhile, the low-performing sectors included:
– NIFTY Realty (-0.36%)
– NIFTY MidCap 150 Quality 50 (-0.36%)
– NIFTY GS 10 Yr (0%)
Nifty 50 Opening Update
The Nifty 50 opened at 23,775.8, marking a 0.2% increase and a gain of 48.15 points compared to the previous closing.
Resistance and Support Levels
At current prices, the Nifty 50 faces the following resistance and support levels:
– Resistance Levels: R1: 23,852.35, R2: 23,951.25, R3: 24,034.85
– Support Levels: S1: 23,669.85, S2: 23,586.25, S3: 23,487.35
Nifty 50 Closing Update
On the last trading day, the Nifty 50 closed at 23,753.45. This closing value reflects the index’s performance and investor sentiment in the market. For a more comprehensive analysis, it is essential to consider factors such as market trends, economic indicators, and global influences that may have impacted this closing value.
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FAQs
1. What is the significance of the Nifty 50 index?
The Nifty 50 is a benchmark stock market index representing the performance of the top 50 companies listed on the National Stock Exchange (NSE) of India. It serves as a barometer for the Indian equity market and is widely used by investors to gauge market trends and make informed investment decisions.
2. How can I track live updates of the Nifty 50?
You can track live updates of the Nifty 50 through various financial news platforms, stock market apps, and the official website of the National Stock Exchange (NSE). Additionally, platforms like Swiggy and other financial blogs provide real-time updates, including price movements, top gainers and losers, and sectoral performance.
