Stock Market Today 30 Dec: Indian stock markets were trading in the red in early trade ahead of the new year, weighed down by negative global cues, a sell-off in technology stocks on Wall Street, and continued selling by foreign portfolio investors (FPIs). At around 9:30 AM, Sensex was down 115 points or 0.14 percent at 84,579, and the Nifty was down 30 points or 0.12 percent at 25,911.
Stock Market Today 30 Dec
The performance of major broad-cap indices was in line with the benchmark indices, with the Nifty Midcap 100 declining by 0.03 percent and the Nifty Smallcap 100 falling by 0.08 percent. Among the sectoral indices, the Nifty PSU Bank was the biggest loser, declining by 0.18 percent, followed by the Nifty Realty, which fell by 0.13 percent.
Expert on Stock Market
Analysts say that immediate support is present in the 25,850-25,900 range, while 26,150-26,200 remains a crucial resistance band. The year-end trend, although weak, does not indicate a directional change in the market, and they also noted that since the advance-decline ratio was skewed towards declines, the Nifty fell by 100 points yesterday despite low volumes. A clear change in market direction will emerge when large institutions become active again at the beginning of the new year. Market experts suggest that it would be prudent for investors to wait for fresh signals and directional changes.
Asian Market Today
Markets in the Asia-Pacific region mostly declined in the morning session, as investors were concerned about the sell-off in technology stocks on Wall Street. Among Asian markets, China’s Shanghai Composite index fell 0.1 percent, while the Shenzhen index rose 0.23 percent. Japan’s Nikkei index fell 0.11 percent, while Hong Kong’s Hang Seng index rose 0.47 percent. South Korea’s Kospi index declined 0.01 percent.
