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What happened in the Indian stock market today?

 Market Update Today 29-Dec-2023

On the final trading day of 2023, the Sensex commenced at 72,351.59, witnessing fluctuations throughout the day and closing 170 points, or 0.23%, lower at 72,240.26.

Simultaneously, the Nifty 50 opened at 21,737.65, marked an intraday high of 21,770.30, and concluded the day at 21,731.40, down by 47 points, or 0.22 %.

Despite ending on a slightly negative note, the year wrapped up positively for the market, with the Sensex and Nifty 50 gaining 19 % and 20 %, respectively, in 2023, closing the financial chapter on a robust and fruitful trajectory.

Impact on the stock market

On BSE, 337 stocks hit their 52-week intraday high, including Mahindra and Mahindra, Tata Motors, Tata Steel, Sun Pharma, Nestle, and UltraTech Cement.

Nifty Bank fell 0.45%, while the Nifty PSU Bank and Private Bank indices lost 0.64% and 0.23%, respectively.

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On the other hand, Nifty Auto jumped 1.14%. Nifty FMCG (up 0.85%) and Realty (up 0.73%) also closed with healthy gains.

Information Technology-0.49%
Oil & Gas-0.97%
PSU Banks-0.64%

Top gainers today

CompanyPriceChange (%age)
TATA Cons. Prod1,086.80+ 4.40%
Tata Motors779.95+ 3.46%
Bajaj Auto6,797.25+ 1.40%
Adani Enterprise2,848.95+ 1.39%
Eicher Motors4,143.50+ 1.26%

Top losers today

CompanyPriceChange (%age)
BPCL450.65– 3.25%
ONGC205.05– 1.56%
SBI642.05– 1.44%
Coal India376.00– 1.30%
Infosys1,542.90– 1.26%

Market aftermath: Impact on stocks

Tata Motors clocks 105% surge in 2023

Tata Motors has witnessed a remarkable surge of 105% in 2023, hitting an all-time high of ₹ 802.9 per share on the NSE after a 6.5% jump on December 29.

This positions Tata Motors as the fourth Tata conglomerate stock to deliver impressive multi-bagger returns this year. The surge follows reports of India contemplating an electric vehicle (EV) policy, aiming to attract foreign investors from countries like Germany, Britain, and South Korea.

Tata consumer hits ₹1 lakh crore mark

Tata Consumer Products achieved a market capitalisation surpassing ₹1 lakh crore, becoming the sixth Tata Group company to reach this milestone. The stock surged by 3.8%, reaching a market cap of ₹1,00,203 crore during Friday’s trading session. 

This follows the announcement of Tata Coffee’s merger with Tata Consumer Products, scheduled for January 1, with a record date of January 15, 2024.

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Vodafone Idea skyrockets 23% to hit one-year high

Vodafone Idea shares surged 22.51% in the last trading session of 2023, reaching a one-year high of ₹ 16.22 from the previous close of ₹ 13.24. The stock has gained over 100% year-to-date.

With heavy trading volumes of 25.93 crore shares on BSE, turnover amounted to ₹ 386.63 crore, contributing to a market capitalisation of ₹ 77,984.86 crore.

Oil prices

Oil prices are poised to close in 2023 with a 10% dip, marking the first annual decline in two years. This reversal follows a tumultuous year of wild price swings influenced by geopolitical concerns, production cuts, and global measures to curb inflation.

As the last trading day of the year unfolds, Brent crude futures are up 0.2% at $77.33 a barrel, while U.S. West Texas Intermediate (WTI) crude futures traded 11 cents higher at $71.88 a barrel.


In a year-end review, the Indian stock market experienced diverse trends on its final trading day. The Sensex and Nifty 50, while closing slightly lower, wrapped up 2023 with impressive yearly gains of 19% and 20%, respectively. 

Notable stock movements included Tata Motors soaring 105%, Tata Consumer breaching the ₹1 lakh crore mark, and Vodafone Idea skyrocketing 23% to a one-year high.

The market’s resilience in the face of challenges sets the tone for an intriguing 2024. Stay tuned with StockGro for daily market updates!

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Hunny Meghani

A curious mind, a love for writing, and a passion for all things finance - that's me in a nutshell. Whether I'm exploring the latest stock market trends or diving into the nitty-gritty of personal finance, marketing, and AI. I'm always on the hunt for the next big story.

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