Indian equity benchmarks were trading slightly in the red during afternoon trade on December 15, as investors remained cautious amid mixed global cues and stock-specific action.
At around 2 PM, the Sensex slipped 53.28 points (0.06%) to 85,214.38, while the Nifty 50 declined 21.45 points (0.08%) to 26,025.50. Market breadth was mildly positive, with 2,011 stocks advancing, 1,820 declining, and 171 remaining unchanged.
Nifty 50: Most Active Stocks
Activity on the Nifty 50 index was dominated by select heavyweights and sector leaders:
- InterGlobe Aviation emerged as the most active stock, rising 2.38% with strong traded value.
- Infosys gained 0.66%, while SBI added 0.40%.
- Tata Steel and Asian Paints were marginally higher.
- On the downside, M&M fell 1.86%, ONGC dropped 1.77%, and Bajaj Finance declined 0.61%.
- Banking heavyweights HDFC Bank, ICICI Bank, and Kotak Mahindra Bank traded slightly lower, contributing to the muted index movement.
Deepak Nitrite Shares Surge to 6-Month High
In stock-specific action, Deepak Nitrite shares jumped over 3 percent, marking their strongest rise in nearly six months.
The stock was trading at тВ╣1,577.05, up тВ╣48.25 or 3.16%, after hitting an intraday high of тВ╣1,584 and a low of тВ╣1,525.30. Trading volumes stood at 16,006 shares, nearly 46 percent higher than the five-day average, indicating heightened investor interest.
In the previous session, the stock had closed marginally lower at тВ╣1,528.80. Deepak NitriteтАЩs 52-week range stands between тВ╣1,512.80 and тВ╣2,701.50, with the stock currently trading about 42 percent below its yearly high and over 4 percent above its 52-week low.
The companyтАЩs market capitalisation is around тВ╣21,510 crore, reflecting renewed buying interest after a prolonged correction.
Overall, markets remained range-bound in the afternoon session, with selective buying in individual stocks offset by weakness in key index heavyweights.
