Zomato closed over 4% lower amid a block deal which saw equity worth Rs 621.68 crore change hands at a price of Rs 138.15 per share.

Nifty IT surged 1.3%, and Nifty Auto rose 0.4%. While Nifty Bank, Metal, Pharma, and Healthcare closed 0.1-0.6% lower.

Bajaj Finance closed 4.4% higher and was among the top Sensex gainers. According to a business update, the non-bank lender reported a 26% year-on-year increase in new loans and a 35% jump in AUMs in the December quarter.

Adani Group stocks today closed up to 12% higher following a favorable verdict from the Supreme Court. Out of 10 Adani stocks, Adani Energy Solutions was the top gainer, rising nearly 12%, while Adani Total Gas closed with a 10% upper circuit. Adani Power also closed with a 5% upper circuit.

Even though valuations of Sensex and Nifty are not in the danger zone yet, investors have been raising concerns about the possibility of euphoria building up in pockets of the market, particularly in smaller stocks. Kotak Institutional Equities says that Nifty could expect a 1% upside by Dec 2024 and a time correction is expected

Indian markets closed slightly lower today and were dragged down by banking, financials, IT, and energy shares. All the shares recently saw a tremendous rally

Nifty hit the 21,800 mark for the first time. Both Nifty and Sensex closed higher amid a global rally fuelled by hopes of Fed rate cuts next year.

This Rally is usually seen in the last week of Dec and till the first 2 days of Jan. As per data, Nifty has given positive returns in the last 19 out of 22 years

Newly listed Suraj Estate Developers closed down 1.5%, while Muthoot Microfin closed down 3.5%. Motisons Jewellers ended the day with a 5% lower circuit. Paytm shares also closed nearly 2% lower after the fintech major laid off over 1,000 employees from its operations, sales, and engineering team following AI technology implementation to boost efficiency.

In the 63 stocks that closed in the green, Gujarat Fluorochemicals, Patanjali Foods and Laurus Labs moved the most on the upside. The top losers were Polycab and Aurobindo Pharma. The Nifty Smallcap 100 was up 1% at the closing time. JB Chemicals was the top gainer with a 9% uptick while IIFL was down 4%.