{"id":6147,"date":"2025-12-17T12:50:11","date_gmt":"2025-12-17T12:50:11","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6147"},"modified":"2025-12-23T03:48:40","modified_gmt":"2025-12-23T03:48:40","slug":"shriram-finance-silver-hits-record-%e2%82%b92-05-lakh-level-as-equities-slip","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/shriram-finance-silver-hits-record-%e2%82%b92-05-lakh-level-as-equities-slip\/","title":{"rendered":"Shriram Finance &#038; SBI Lead Nifty Gains; Silver Hits Record \u20b92.05 Lakh Level as Equities Slip"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Indian stock market experienced a fluctuating session on Wednesday, December 17, as benchmark indices ended in the red for the third consecutive day. However, defying the broader weakness, <\/span><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/shriram-finance-limited.html?id=1000009639\"><span style=\"font-weight: 400;\">Shriram Finance<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/state-bank-of-india.html?id=1000002598\"><span style=\"font-weight: 400;\">State Bank of India (SBI)<\/span><\/a><span style=\"font-weight: 400;\"> steered the Nifty gainers list, providing crucial support amidst the sell-off.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the overall sentiment remained cautious, investors aggressively shifted their focus to safe-haven assets, driving silver prices to unprecedented highs even as equities faced selling pressure. Here is a comprehensive look at the market performance, top stock movers, and key commodity updates from the trading session.<\/span><\/p>\n<h2><b>The Market Snapshot<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The benchmark indices failed to hold their ground as profit booking weighed on sentiment.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>BSE Sensex: <\/b><span style=\"font-weight: 400;\">The index closed at 84,559.65, down by 120.21 points or 0.14 percent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nifty 50:<\/b><span style=\"font-weight: 400;\"> The NSE index settled at 25,818.55, registering a decline of 41.55 points or 0.16 percent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bank Nifty:<\/b><span style=\"font-weight: 400;\"> The banking index also faced headwinds, ending at 58,927, down by 108 points.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Despite the dip, sectoral performance showed resilience in specific areas. The Nifty PSU Bank index gained over 1 percent, while Nifty IT and Nifty Metal indices also ended in positive territory, rising by 0.29 percent and 0.25 percent respectively.<\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">(<\/span><\/i><b><i>Source:<\/i><\/b> <a href=\"https:\/\/www.nseindia.com\/index-tracker\/NIFTY%2050\"><i><span style=\"font-weight: 400;\">NSE<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, Moneycontrol)<\/span><\/i><\/span><\/p>\n<h2><b>Top Nifty and Sensex Gainers<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While the indices slipped, several heavyweights defied the trend. <\/span><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/shriram-finance-limited.html?id=1000009639\"><span style=\"font-weight: 400;\">Shriram Finance<\/span><\/a><span style=\"font-weight: 400;\"> emerged as the top gainer on the Nifty 50, jumping 2.07 percent to hit a record high. This surge came ahead of a crucial board meeting scheduled for December 19 to discuss fundraising options. Other top performers included:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/state-bank-of-india.html?id=1000002598\"><b>State Bank of India (SBI)<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> Up 1.58 percent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/hindalco-industries.html?id=1000004194\"><b>Hindalco Industries<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> Up 1.30 percent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/eicher-motors.html?id=1000004913\"><b>Eicher Motors<\/b><\/a><b>: <\/b><span style=\"font-weight: 400;\">Up 1.15 percent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/tata-consumer-products.html?id=1000005094\"><b>Tata Consumer Products<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> Up 0.86 percent.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the Sensex 30 pack, notable gainers included <\/span><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/infosys.html?id=1000002198\"><span style=\"font-weight: 400;\">Infosys<\/span><\/a><span style=\"font-weight: 400;\">, Axis Bank, Sun Pharma, Maruti Suzuki, TCS, and <\/span><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/tata-steel.html?id=1000007713\"><span style=\"font-weight: 400;\">Tata Steel<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">(<\/span><\/i><b><i>Source:<\/i><\/b> <a href=\"https:\/\/www.nseindia.com\/index-tracker\/NIFTY%2050\"><i><span style=\"font-weight: 400;\">NSE<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, Moneycontrol)<\/span><\/i><\/span><\/p>\n<h2><b>Commodity Corner: Silver Shines Brightest<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The spotlight of the day was undoubtedly on the commodity market. MCX Silver March futures climbed to a fresh record high, touching levels around \u20b92,06,111. This massive rally highlights the growing demand for precious metals amidst global economic uncertainty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the currency market, the Indian Rupee staged a comeback following intervention by the Reserve Bank of India (RBI). The domestic currency rebounded to 89.81 levels against the US dollar.<\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">(<\/span><\/i><b><i>Source:<\/i><\/b><i><span style=\"font-weight: 400;\"> Livemint, Moneycontrol)<\/span><\/i><\/span><\/p>\n<h2><b>Stocks in Spotlight: Corporate Action and News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Several stocks buzzed in trade due to order wins and regulatory updates.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/ahluwalia-contracts.html?id=1000004886\"><b>Ahluwalia Contracts<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> Shares inched 0.37 percent higher after the company secured a civil construction order from the Bihar State Tourism Development Corporation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/lupin.html?id=1000000251\"><b>Lupin<\/b><\/a><b>: <\/b><span style=\"font-weight: 400;\">The pharma major rose 1.12 percent after its Nagpur injectable facility received a favourable classification from the US FDA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/vls-finance.html?id=1000001582\"><b>VLS Finance<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> In the broader market, VLS Finance soared 12.20 percent to an intraday high of \u20b9308.95 following an update on its buyback proposal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Shrimp Stocks:<\/b><span style=\"font-weight: 400;\"> Shares of <\/span><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/apex-frozen-foods.html?id=1000004218\"><span style=\"font-weight: 400;\">Apex Frozen Foods <\/span><\/a><span style=\"font-weight: 400;\">and <\/span><a href=\"https:\/\/www.paytmmoney.com\/equities\/company\/nse\/avanti-feeds.html?id=1000005669\"><span style=\"font-weight: 400;\">Avanti Feeds<\/span><\/a><span style=\"font-weight: 400;\"> zoomed up to 15 percent amid heavy volumes.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">(<\/span><\/i><b><i>Source:<\/i><\/b><i><span style=\"font-weight: 400;\"> Moneycontrol, Business Standard)<\/span><\/i><\/span><\/p>\n<h2><b>New Listings and IPO Watch<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The primary market remains active with new entrants and strong debuts.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nephrocare Health Services:<\/b><span style=\"font-weight: 400;\"> The stock ended with a 2.5 percent gain after listing at a premium of 6.52 per cent over its IPO price of \u20b9460.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/blog\/meesho-ipo-2025-all-you-need-to-know-about-the-indian-rupee5421-crore-e-commerce-platform-listing\/\"><b>Meesho<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> The e-commerce giant saw its shares surge 20 percent after global brokerage UBS initiated a \u2018buy\u2019 rating.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.paytmmoney.com\/blog\/icici-prudential-amc-ipo-review-strengths-risks-and-what-the-numbers-reveal\/\"><b>ICICI Prudential AMC<\/b><\/a><b>:<\/b><span style=\"font-weight: 400;\"> All eyes are now on the market debut of ICICI Prudential Asset Management Company on Friday, December 19. PL Capital has already initiated a &#8216;Buy&#8217; rating ahead of the listing.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">(<\/span><\/i><b><i>Source:<\/i><\/b> <a href=\"https:\/\/www.nseindia.com\/index-tracker\/NIFTY%2050\"><i><span style=\"font-weight: 400;\">NSE<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, Moneycontrol)<\/span><\/i><\/span><\/p>\n<h2><b>Wealth Watch: A New Top Entrepreneur<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In a significant shift in India\u2019s wealth rankings, Deepinder Goyal of Eternal (formerly Zomato) has emerged as Hurun India\u2019s number one self-made entrepreneur. With a valuation of \u20b93.2 lakh crore, he has displaced Radhakishan Damani. Goyal\u2019s valuation surged 27 percent over the past year.<\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">(<\/span><\/i><b><i>Source:<\/i><\/b><i><span style=\"font-weight: 400;\"> The Hindu)<\/span><\/i><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><b><i>Disclaimer:<\/i><\/b><i><span style=\"font-weight: 400;\"> Investments in the securities market are subject to market risks, read all the related documents carefully before investing. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation.<\/span><\/i><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">Investors are requested to do their own due diligence before investing. Paytm Money Ltd SEBI Reg No. Broking \u2013 INZ000240532, Depository Participant \u2013 IN \u2013 DP \u2013 416 \u2013 2019, Depository Participant Number: CDSL \u2013 12088800, NSE (90165), BSE (6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019. For complete Terms &amp; Conditions and Disclaimers visit: <\/span><\/i><a href=\"https:\/\/www.paytmmoney.com\/stocks\/policies\/terms\"><i><span style=\"font-weight: 400;\">https:\/\/www.paytmmoney.com\/stocks\/policies\/terms<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> .<\/span><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian stock market experienced a fluctuating session on Wednesday, December 17, as benchmark indices ended in the red for the third consecutive day. However, defying the broader weakness, Shriram Finance and State Bank of India (SBI) steered the Nifty gainers list, providing crucial support amidst the sell-off.\u00a0 While the overall sentiment remained cautious, investors<a href=\"https:\/\/www.paytmmoney.com\/blog\/shriram-finance-silver-hits-record-%e2%82%b92-05-lakh-level-as-equities-slip\/\">Continue reading <span class=\"sr-only\">&#8220;Shriram Finance &#038; SBI Lead Nifty Gains; Silver Hits Record \u20b92.05 Lakh Level as Equities Slip&#8221;<\/span><\/a><\/p>\n","protected":false},"author":51,"featured_media":6149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[53,310,127,312,39,311,197],"class_list":["post-6147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-closing-bell","tag-market-wrap","tag-nifty-50","tag-sbi-share-price","tag-sensex","tag-shriram-finance","tag-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/6147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=6147"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/6147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/6149"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=6147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=6147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=6147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}