Investor attitudes were inconsistent on Asian markets. Although the day began with stronger headline indexes in India, losses in the FMCG, oil & gas, and energy sectors quickly drove those indices lower.
The BSE Sensex fell 0.53 percent at 12:45 and reached a level of 61,375. The Nifty 50 index dropped 0.48 percent to a low of 18,296. On the Sensex, Maruti Suzuki, ICICI Bank, and HDFC were the Top Losers, while Sun Pharmaceutical Industries, Tech Mahindra, and HCL Technologies were the Top Gainers.
Due to the rise of the US dollar in early trade today, the rupee declined against it, whereas Wall Street indexes closed the previous session slightly higher. The Reserve Bank of India (RBI) sold USD 922 million worth of foreign currency in October to strengthen the rupee, which is currently trading at a substantially lower level.
The list of inexpensive stocks that were trapped in the upper circuit on December 21 is as follows:
|Stock Name||LTP||Change (%)|
|Balkrishna Paper Mills||46.3||19.95|
|Hybrid Financial Services||23.59||9.98|
|Contil India Ltd||72.5||5|