Sensex, Nifty updates on December 9, 2024: Markets saw slight downward pressure during the mid-day session on Monday, with both the Sensex and Nifty trading in the red. At 1.28 pm, the Sensex stood at 81,613.27, down 95.84 points, or 0.12%, while the Nifty 50 lost 34.50 points, or 0.17%, to reach 24,643.30. Despite the minor declines, market breadth remained positive, with 2,418 advancing stocks compared to 1,556 decliners. Sectoral performance was mixed, as the Nifty Bank and Nifty Financial Services indices posted small gains, while broader market indices showed resilience. Leading stocks like Larsen & Toubro and SBI Life recorded solid gains, while consumer stocks, notably Tata Consumer and Hindustan Unilever, faced significant selling pressure. The Reserve Bank of India’s recent monetary policy announcements, maintaining the repo rate and reducing the Cash Reserve Ratio, influenced market sentiment, expected to inject ₹1.16 lakh crore into the financial system. Investors are cautious, awaiting global cues and upcoming economic data like CPI and ECB decisions.
