Sensex: Closed at 82,133.12, up by 843.16 points (1.04%). The index swung between 82,192.61 (day’s high) and 80,082.82 (day’s low).
Nifty50: Settled at 24,768.30, gaining 219.60 points (0.89%) after touching an intraday low of 24,180.80 and a high of 24,792.30.
Among the Nifty constituents, 41 out of 50 stocks ended in the green, with Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, and UltraTech Cement leading the charge with gains of up to 4.44%. Conversely, Shriram Finance, Tata Steel, Hindalco, IndusInd Bank, and JSW Steel lagged behind, losing up to 2.44%.
Broader indices struggled, with the Nifty Midcap110 and Nifty Smallcap100 declining by 0.05% and 0.30%, respectively. Meanwhile, India’s fear gauge, India VIX, dropped by 1.04%, indicating reduced market volatility.
Impact on the stock market
Among the sectoral indices:
- Nifty IT and Nifty Metal posted marginal gains of up to 0.77%, buoyed by favourable global commodity prices and resilience in tech stocks.
- Nifty FMCG was the biggest loser, slipping 1.09%, with pressure from stocks like Hindustan Unilever, Godrej Properties, and Colgate Palmolive.
The India VIX, which measures market volatility, eased by 0.58%, settling at 13.19, indicating reduced market anxiety.
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| Sector/Index | Performance |
| IT & BPM sector | 0.64% |
| Healthcare sector | -0.08% |
| Oil & Gas sector | 0.34% |
| Real estate sector | -0.44% |
| PSU Bank in India | -0.18% |
Top gainers today
| Company | Price | Change % |
| Bharti Airtel Share Price | 1,681.75 | 4.42 |
| Kotak Mahindra Share Price | 1,805.65 | 2.09 |
| ITC Share Price | 470.00 | 2.04 |
| HUL Share Price | 2,390.10 | 1.93 |
| UltraTechCement Share Price | 12,083.90 | 1.91 |
Top losers today
| Company | Price | Change % |
| Shriram Finance Share Price | 3,162.55 | -2.63 |
| Tata Steel Share Price | 148.95 | -1.21 |
| IndusInd Bank Share Price | 986.65 | -1.13 |
| Hindalco Share Price | 662.10 | -0.99 |
| JSW Steel Share Price | 999.85 | -0.59 |
Market aftermath: Impact on stocks
Dixon Technologies: Riding the 200% bull wave
Dixon Technologies continued its stellar run, closing the session with a 2% gain and crossing ₹18,000 for the first time.
- Stock Journey: From ₹5,991 in February 2024 to a record high of ₹18,034, marking a 200% surge.
- Key Growth Drivers:
- Partnerships with Google, HP, Asus, and Acer.
- Government-backed initiatives like the PLI scheme.
- Expansion into the IT hardware segment, including laptops and mobile phones.
Dixon’s newly operational Chennai plant, targeting annual revenue of ₹3,500–4,000 crore by FY2026, highlights its aggressive growth strategy. Analysts remain bullish, with price targets reaching ₹18,800.
Also read: Tata Elxsi vs Dixon Technologies: Which Semiconductor Stock to invest in?
Bharti Airtel: Biggest gainer in seven weeks
Shares of Bharti Airtel surged 4% to ₹1,666.30, marking its largest intraday gain in seven weeks.
- Noteworthy Events:
- A block deal of 13.2 lakh shares worth ₹212.60 crore.
- Inclusion in Jefferies’ top picks for 2025, with a price target of ₹1,920 (an 18% upside).
As a Nifty50 leader today, Bharti Airtel continues to attract investor optimism with its strong fundamentals and growth potential.
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Hindustan Aeronautics Limited (HAL): Boosted by Sukhoi deal
HAL saw its shares climb 2.33% to ₹4,770 following a significant defence deal.
- Details of the Deal:
- The Ministry of Defence signed a ₹13,500 crore contract for 12 Sukhoi Su-30 MKI aircraft, manufactured in HAL’s Nasik facility.
- Indigenous content of 62.6%, enhancing domestic defence production.
With an order backlog of ₹1 trillion and more defence contracts in the pipeline, analysts forecast HAL’s target price to rise to ₹5,700, offering a 22.28% upside.
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Crude oil: Government backs exploration efforts
India’s Ministry of Petroleum and Natural Gas proposed allocating Oil Industries Development Cess (OID cess) to state-owned ONGC and OIL to bolster exploration activities.
- OID Cess Collections:
- FY24: ₹16,371 crore
- FY23: ₹18,464 crore
- FY22: ₹16,138 crore
With 85% crude oil import dependence, the move aims to improve energy security and enhance domestic exploration. However, industry experts caution against the 20% ad-valorem cess rate, which strains finances and impairs new project viability.
Conclusion
December 13, 2024, was a day of resilience for the Indian stock market. The Sensex and Nifty rebounded strongly, buoyed by sectoral leaders like Dixon Technologies, Bharti Airtel, and HAL.
While broader markets and some sectors like metals and pharma faced challenges, optimism around government initiatives and corporate growth stories offered a silver lining. As the week ends, investors can look forward to a dynamic market driven by global and domestic cues.
Stay tuned for more share market news and updates!
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