Nifty ends December Series at 17,204. Nifty IT up 1%. Metals, Realty and Oil & Gas drags the Index. Reliance down 1.8%. RBL Bank down 9%

Nifty NSE-e3c1b37f

Indian benchmark indices ended flat today. Sensex lost 12 points to close at 57,794.32. Nifty 50 lost 9.60 points to end at 17,204.00. December F&O series ended today. 

Nifty IT contributed positively for the index. However, Metals, Realty and Oil & Gas dragged the index in the opposite direction. Pharma and Healthcare stocks did well for another day in a row. This trend may be due to the rising Omicron Cases across the world including India.

NTPC was the top gainer on Nifty 50. Bajaj Auto was the top loser followed by Reliance and UPL. Chemical stocks like UPL, Tata Chemicals, Deepak Nitrite etc. have seen correction today. Several auto stocks also witnessed selling pressure. Amid reports of writing of a loan of Rs.300 Cr., RBL Bank plunges around 9%.  From tomorrow, a new series of F&O will start.

Tomorrow is the last day of 2021. The only reason for concern is the rising Omicron cases. Volatility may prevail.  

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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