The surge in the stock market is slowing down

The stock market ended with a small gain on December 15. Similarly, Nifty closed 9 points higher at 13,567 points. It fell to 13,447 points in the morning but rose back to 11,550 points. The Sensex was up 9 points at 46,263 points.

The market was showing strong volatility. The market was at a loss most of the time following the negative global signals. At the same time, the stocks surged in the afternoon.

The Nifty’s resistance at 11,600 continues to be an obstacle. If the Nifty breaks through the 11,600 resistance, the next resistance is at 14,000 points. However, it is supported at 13,200 points and 13,000 points. The fluctuation is likely to continue in the coming days.

Bajaj Finance was the top gainer in Nifty stocks. Shares of Bajaj Finance hit an all-time high today. Shares of Bajaj Finance were up 4.5 per cent. The biggest loser was Hindustan Unilever. Financial and metal stocks gained while public sector banks reported losses.

The Nifty Metal Index was up 0.77 per cent. Meanwhile, the Nifty PSU Bank Index fell 1.46 per cent.

The majority of Nifty stocks traded higher. Of the 50 stocks in the Nifty, 26 gained while 24 lost. Bajaj Finance, Bajaj Finserv, Eicher Motors, JSW Steel and Sree Cements were the top five gainers. Shares of Bajaj Finance, Bajaj Finserv and Eicher Motors gained over 3 per cent.