The major indices in the market declined again, though mid-cap and small-cap stocks experienced an uptick.
After initially falling, the major indices showed volatility, with the Sensex dropping below the 82,000 mark.
Sectors such as real estate, media, public sector banks, and consumer durables saw gains. Meanwhile, metal, IT, pharma, and healthcare stocks advanced.
Happy Forgings, which secured a contract worth Rs 140 crore to supply crankshafts, rose by 6 per cent.
Jehangir (Jay) Wadia, the younger son of Nusli Wadia, has reached an agreement with his father. Jay is expected to succeed him as Managing Director of Bombay Dyeing. His elder brother, Ness, is the Managing Director of Bombay Burmah and National Peroxide. Jay had previously served as the Managing Director of GoAir, which is currently undergoing bankruptcy proceedings. He resigned from the company boards in 2021 after a fallout with his father and moved to London. The Wadia Group's Britannia Limited is directly controlled by Nusli Wadia. Shares of Bombay Dyeing rose by more than 3 per cent, while Britannia saw a slight decline.
Food delivery companies Swiggy and Zomato gained up to 3 per cent today.
Afcons shares, which secured the Madhya Pradesh Metro Rail contract, rose by 6 per cent.
Shares of Maruti fell by half a per cent following reports that the next GST Council may discuss a proposal to increase the GST on small cars from 12 to 18 per cent. Additionally, there is a proposal to raise the GST on used electric cars to 18 per cent.
Chinese stocks declined after retail sales in China fell in November, and the Japanese market also weakened.
The rupee weakened in the early session today. The dollar opened four paise higher at Rs 84.83, fell to Rs 84.80, and then rose slightly to Rs 84.82.
Gold rose to $2,653 per ounce on the global market. In Kerala, the price of gold jewellery remained unchanged at Rs 57,120 per pound.
Crude oil saw a slight decrease, with Brent crude trading at $74.27.
