Name: Russia-Ukraine crisis: List of Nifty stocks at 52-week low
Uploaded: 2022-03-04T14:32:39.000+05:30
Duration: T00M15S
Channel: Editorji News Desk
Description: Indian stock markets have corrected significantly from its all-time highs. Sensex is down more than 8,000 points and Nifty 2,500 points from the life-time highs made in October 2021. Correction in Indian equities has been fuele...

“The Indian equity market recorded its steepest weekly decline since June 2022, with the Nifty losing 4.77 per cent. The week began with the US Federal Reserve’s announcement, which significantly altered market sentiment.

Market Cap of India's top-10 most valued firms slumps Rs 4.95 lakh Crore

&ldquo;The Indian equity market recorded its steepest weekly decline since June 2022, with the Nifty losing 4.77 per cent. The week began with the US Federal Reserve&rsquo;s announcement, which significantly altered market sentiment.

The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion.
Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent.
&ldquo;The Indian equity market recorded its steepest weekly decline since June 2022, with the Nifty losing 4.77 per cent. The week began with the US Federal Reserve&rsquo;s announcement, which significantly altered market sentiment.
&ldquo;Led by Chair Jerome Powell, the Federal Reserve revised its outlook to only two rate cuts in 2025 instead of the previously anticipated four. This shift in policy dampened market confidence,&rdquo; Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said.
The market capitalisation (mcap) of Tata Consultancy Services (TCS) slumped from Rs 1,10,550.66 crore to Rs 15,08,036.97 crore.
The valuation of Reliance Industries tumbled Rs 91,140.53 crore to Rs 16,32,004.17 crore.
HDFC Bank&rsquo;s market valuation eroded by Rs 76,448.71 crore to Rs 13,54,709.35 crore and that of Bharti Airtel tanked by Rs 59,055.42 crore to Rs 8,98,786.98 crore.
The mcap of State Bank of India plunged Rs 43,909.13 crore to Rs 7,25,125.38 crore and that of ICICI Bank diminished by Rs 41,857.33 crore to Rs 9,07,449.04 crore.
The valuation of Infosys plummeted by Rs 32,300.2 crore to Rs 7,98,086.90 crore and that of Life Insurance Corporation of India (LIC) fell by Rs 20,050.25 crore to Rs 5,69,819.04 crore. Hindustan Unilever&rsquo;s mcap declined by Rs 12,805.27 crore to Rs 5,48,617.81 crore and that of ITC went lower by Rs 6,943.5 crore to Rs 5,81,252.32 crore.
In the ranking of the top-10 firms, Reliance Industries retained the most valued firm title followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC and Hindustan Unilever.
(Except for the headline, this story has not been edited by Editorji News Desk and is published from a syndicated feed.)

Honda and Nissan -- Japan's number two and three automakers after Toyota -- are aiming to finalise a merger deal in June 2025, several media outlets said.

Honda and Nissan Start Merger Talks to Rival Chinese EV Giants and Tesla

Honda and Nissan -- Japan's number two and three automakers after Toyota -- are aiming to finalise a merger deal in June 2025, several media outlets said.

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants catch up with Chinese rivals and Tesla on electric vehicles.
Their collaboration would create the world's third-largest automaker, expanding the development of EVs and self-driving tech while coming to the rescue of struggling Nissan.
The pair have not released any details publicly but it was widely reported in Japanese media that they would sign a memorandum of understanding on Monday afternoon.
Honda and Nissan -- Japan's number two and three automakers after Toyota -- are aiming to finalise a merger deal in June 2025, several media outlets said.
Mitsubishi Motors, which could join the new holding company early next year, is also expected to take part in Monday's announcement after Honda and Nissan hold board meetings.
In the morning, the presidents of Honda, Nissan and Mitsubishi Motors told the industry and transport ministries of their plan to start negotiations, Kyodo News reported.
Honda and Nissan's partnership could include a manufacturing tie-up where they build vehicles at each other's plants, Kyodo said, citing sources close to the matter.
Lacklustre consumer spending and stiff competition in several markets are making life hard for many automakers.
Business has been especially tough for foreign brands in China, where electric vehicle manufacturers such as BYD are leading the way as demand grows for less polluting vehicles.
China overtook Japan as the biggest vehicle exporter last year, helped by government support for EVs.
"We hope Japanese companies will take steps to respond to these changes and take measures to survive and win amid international competition," top government spokesman Yoshimasa Hayashi said Monday.
He declined to comment on the merger reports but highlighted the "importance of strengthening competitiveness in areas such as... batteries and in-vehicle software".
Debt-laden Nissan last month announced thousands of job cuts as it reported a 93 per cent plunge in first-half net profit, making a merger with Honda welcome news.
But Taiwanese electronics manufacturer Foxconn has also reportedly sensed an opportunity.
Foxconn, which builds devices for tech companies including Apple's iPhones, first unsuccessfully approached Nissan with a bid to acquire a majority stake, according to Bloomberg.
Then a Taiwanese media outlet said Foxconn's Jun Seki -- a former Nissan executive -- had visited France to ask Renault to sell its 35 per cent share of Nissan, although reports later said this pursuit had been put on pause.
Honda and Nissan had already agreed in March to explore a strategic partnership on software and components for EVs among other technologies.
This partnership was joined in August by Mitsubishi Motors, of which Nissan is a majority shareholder.
Nissan has weathered a turbulent decade, including the 2018 arrest of former boss Carlos Ghosn, who later jumped bail and fled Japan concealed in a music equipment box.
Kyodo said that Honda would ask Nissan to achieve a "V-shaped recovery" in performance as a condition for the merger.
(Except for the headline, this story has not been edited by Editorji News Desk and is published from a syndicated feed.)

Organised by the Department of Empowerment of Persons with Disabilities (DEPwD), the 11-day event was a celebration of the creativity and entrepreneurial spirit of PwDs.

Divya Kala Mela run by persons with disabilities makes sale of Rs 3.5 crore: Government

Organised by the Department of Empowerment of Persons with Disabilities (DEPwD), the 11-day event was a celebration of the creativity and entrepreneurial spirit of PwDs.

The Divya Kala Mela run by persons with disabilities (PwDs) made a sale of Rs 3.5 crore, the Social Justice and Empowerment Ministry has said.
Organised by the Department of Empowerment of Persons with Disabilities (DEPwD), the 11-day event was a celebration of the creativity and entrepreneurial spirit of PwDs.
On the concluding day of the 22nd Divya Kala Mela on Sunday, a mobile application was launched by the National Divyangjan Finance and Development Corporation (NDFDC) to provide seamless access to loans for disabled entrepreneurs and individuals.
The app marks a significant step towards economic inclusion, according to the ministry.
The 22nd Divya Kala Mela made record sales of over Rs 3.5 crore, the ministry said.
The grand finale featured a cultural programme &mdash; &lsquo;Divya Kala Shakti&rsquo; &mdash; at Kartavya Path, where Divyang artists showcased their talents through captivating dance, music and theatre performances and painting.
Speaking at the event, Disability Affairs Secretary Rajesh Aggarwal highlighted the achievements of Divyang entrepreneurs and artists.
&ldquo;Divyangjan are setting milestones in every field, including entrepreneurship. The government remains steadfast in its commitment to the economic, social, and educational empowerment of Divyangjan,&rdquo; he said.&nbsp;
(Except for the headline, this story has not been edited by Editorji News Desk and is published from a syndicated feed.)

Stay updated on the Indian stock market's daily performance. Explore a detailed sector-wise analysis for December 20th to make informed investment decisions.

Indian Stock Market Sector-wise Performance: Which Sector Performed Well Today (Dec 20)?

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On December 20, 2024, the Indian stock market saw broad declines, with Nifty 50 falling 1.52%. Sectors like IT, Auto, and Banking led the losses, reflecting investor concerns. High volatility indicated potential short-term turbulence and economic challenges.
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How the world markets perform today? Get a snapshot of global stock market indices and key market movements on December 20.

Global Stock Market Indices: How the World Markets Performed Today (20 December)?

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How did global markets perform today? This article summarized the performance of key stock market indices worldwide, including the DOW, NASDAQ, S&amp;P 500, FTSE 100, Nikkei 225, NSE, BSE, and more.
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Discover the 5 biggest gainers in the Nifty 50 today (December 20th). Get the latest market insights and analysis on these underperforming stocks.

Stock Market Spotlight: Top Stocks to Watch;  DR Reddy’s, ICICI Bank, Nestlé, HDFC Life - Key Technical Indicators

Nifty 50 Top Gainers Today: Discover which 5 NSE stocks experienced the biggest increase today, December 20. Identify potential investment opportunities or gain insights into market trends.

In this article, we will explore the technical indicators of some of the top-performing stocks on the Indian stock market, including Dr Reddy's Laboratories Ltd. (DR REDDY), ICICI Bank Ltd. (ICICI BANK), Nestl&eacute; India Ltd. (NESTLE IND), and HDFC Life Insurance Co. Ltd. (HDFC LIFE).
By looking at these stocks through the lens of key technical factors, we aim to better understand their price movements, trends, and potential future performance.
1. Dr Reddy's Laboratories Ltd. (DR REDDY): A Strong Uptrend with Bullish Indicators
<ul>
<li>Open: ₹1326</li>
<li>Close: ₹1343.65</li>
<li>% Change: 1.36%</li>
</ul>
<img src="https://cdn.editorji.com/67655ac266e94_1734695618.png" width="502" height="254">
Dr Reddy's Laboratories Ltd. (DR REDDY) is currently exhibiting strong bullish momentum, as indicated by its 1.36% price increase.
Several technical indicators highlight this strength:
RSI (Relative Strength Index): The RSI value for DR REDDY is 72.23, which is in the overbought territory, signalling that the stock is in strong upward momentum. Typically, an RSI above 70 can indicate that the stock is overbought, suggesting that a pullback or consolidation could be on the horizon.
<img src="https://cdn.editorji.com/67655b0b3f4c9_1734695691.png" width="503" height="186">
MACD (Moving Average Convergence Divergence): The MACD for DR REDDY is 17.39, with a MACD Signal of 7.05, which points to a bullish crossover. This suggests that the stock's momentum is likely to continue in the short term, indicating strong buying pressure.
<img src="https://cdn.editorji.com/67655b4706607_1734695751.png" width="502" height="186">
Moving Averages: DR REDDY's price is trading above its 50-EMA (Exponential Moving Average) of ₹1249.05, which is a positive sign for the bulls. The 200-EMA of ₹1245.69 also supports the uptrend, and the price is staying well above both the 10-EMA and 20-EMA, reinforcing the bullish trend.
2. ICICI Bank Ltd. (ICICI BANK): Steady Performance with Slight Positive Momentum
<ul>
<li>Open: ₹1283.95</li>
<li>Close: ₹1288.40</li>
<li>% Change: 0.12%</li>
</ul>
<img src="https://cdn.editorji.com/67655b59c7eea_1734695769.png" width="496" height="251">
ICICI Bank Ltd. (ICICI BANK) has shown a modest increase of 0.12%, indicating a stable, albeit muted, performance.
Let&rsquo;s look at some key technical indicators:
RSI: The RSI for ICICI Bank stands at 41.84, which indicates that the stock is neither overbought nor oversold, suggesting neutral momentum. However, the RSI approaching the 50 mark shows that the stock might be setting up for a potential breakout or consolidation phase.
<img src="https://cdn.editorji.com/67655b6a65872_1734695786.png" width="500" height="185">
MACD: The MACD value of 4.28 along with the MACD Signal of 8.87 suggests that the stock is in a range-bound phase with no significant buying or selling momentum. This indicates that ICICI Bank may be consolidating in the near term, with the potential for a breakout once a direction is established.
<img src="https://cdn.editorji.com/67655b795bed7_1734695801.png" width="500" height="185">
Moving Averages: The stock&rsquo;s price is trading slightly above its 50-EMA of ₹1304.73 and well above its 200-EMA of ₹1299.62. However, the price has recently dipped below the 10-EMA and 20-EMA, which may suggest some short-term weakness or potential consolidation before further moves.
3. Nestl&eacute; India Ltd. (NESTLE IND): Consistent, Positive Trend with Strong Support
<ul>
<li>Open: ₹2160</li>
<li>Close: ₹2163.50</li>
<li>% Change: 0.14%</li>
</ul>
<img src="https://cdn.editorji.com/67655bc1105f6_1734695873.png" width="498" height="252">
Nestl&eacute; India Ltd. (NESTLE IND) has shown a slight increase of 0.14%, reflecting its stable performance in the market.
Here&rsquo;s an analysis of the technical indicators:
RSI: Nestl&eacute; India Ltd. (NESTLEIND)&rsquo;s RSI stands at 34.74, which places it in the neutral to oversold territory. This suggests that the stock could be poised for a rebound if it moves towards the 50-level, which often marks the middle of the neutral range. A move above this level could signal renewed bullish momentum.
<img src="https://cdn.editorji.com/67655bd8f28e0_1734695896.png" width="502" height="186">
MACD: The MACD for Nestl&eacute; India Ltd. is -15.12, indicating that the stock is experiencing bearish pressure. However, the MACD Signal of -6.86 suggests a potential reversal or stabilization. If the MACD begins to converge towards the Signal line, it could indicate the stock is ready for a short-term upward movement.
<img src="https://cdn.editorji.com/67655bead0399_1734695914.png" width="500" height="185">
Moving Averages: Nestl&eacute; India Ltd. is trading above its 50-EMA of ₹2231.51, but the 200-EMA is slightly higher at ₹2236.62. The price is currently showing some resistance at the 10-EMA and 20-EMA, but a breakout above these levels could indicate a continuation of the uptrend.
4. HDFC Life Insurance Co. Ltd. (HDFC LIFE): Minor Gains with Neutral Technical Outlook
<ul>
<li>Open: ₹619.70</li>
<li>Close: ₹623.80</li>
<li>% Change: 0.04%</li>
</ul>
<img src="https://cdn.editorji.com/67655c15ccb4a_1734695957.png" width="500" height="253">
HDFC Life Insurance Co. Ltd. (HDFC LIFE) has posted a very modest increase of 0.04%, reflecting little movement in the stock.
The technical indicators for HDFC Life suggest a neutral outlook:
RSI: The RSI for HDFC Life stands at 29.18, which suggests the stock is in oversold territory, signalling the potential for a rebound. A reading below 30 is often seen as a buying signal if the stock starts moving upwards.
<img src="https://cdn.editorji.com/67655c2942422_1734695977.png" width="502" height="186">
MACD: The MACD value of -11.57 with a MACD Signal of -11.16 indicates a bearish trend, but both values are quite close to each other. This suggests that the stock is in a consolidation phase and could reverse direction once it breaks above the MACD Signal line.
<img src="https://cdn.editorji.com/67655c3a9a2ed_1734695994.png" width="500" height="185">
Moving Averages: HDFC Life is trading below its 50-EMA of ₹652.98 and 200-EMA of ₹660.81, which suggests that the stock might be in a downtrend. However, the 10-EMA and 20-EMA are showing some support, indicating a possible reversal or stabilization near these levels.
Conclusion: Technical Indicators Outlook
Dr Reddy's Laboratories Ltd. (DR REDDY) shows the strongest technical indicators with a solid bullish trend. The RSI and MACD point to continued upward momentum.
ICICI Bank Ltd. (ICICI BANK) and Nestl&eacute; India Ltd. (NESTLE IND) are in a consolidation phase, with neutral RSI readings and weak MACD signals. These stocks may experience moderate movement unless they break out of their current ranges.
HDFC Life Insurance Co. Ltd. (HDFC LIFE) is showing some signs of being oversold, but its bearish MACD and positioning below key moving averages suggest that a reversal is still uncertain.
Investors and traders should keep a close eye on the technical indicators of these stocks for potential breakout points or reversals, especially focusing on MACD crossovers, RSI movements, and price action relative to key moving averages.
These indicators offer valuable insights into the current market conditions and the potential future direction of each stock.

Discover the 5 biggest losers in the Nifty 50 today (December 20th). Get the latest market insights and analysis on these underperforming stocks.

NSE Nifty 50 Top Losers: Which are the 5 Biggest Stock Losers Today (Dec 20)?

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Nifty 50 Losers Today: Explore the top 5 NSE stocks with the steepest declines on December 18. Identify market trends and potential investment opportunities.
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The Indian rupee recovered 10 paise to close at 85.03 against the US dollar, supported by potential RBI intervention and easing crude oil prices. 

Rupee Recovers 10 Paise, RBI Intervention and Dollar Index Aid

The Indian rupee recovered 10 paise to close at 85.03 against the US dollar, supported by potential RBI intervention and easing crude oil prices. Traders anticipate continued volatility as the dollar index remains elevated and foreign institutional outflows persist.

On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time low of 85.13 against the US dollar.

The rupee saw some recovery from its all-time low level and appreciated 10 paise to close at 85.03 (provisional) against the US dollar on Friday, on softening of the US dollar index and a potential intervention by the Reserve Bank of India (RBI).
Forex traders said the rupee is likely to remain in a weakening mode due to significant dollar demand. The Dollar Index (DXY) is expected to remain elevated, with resistance near the 110 level in the near-term amid a reduced likelihood of significant Fed rate cuts in 2025.
The Federal Reserve cut rates by 25 basis points on Wednesday, but its forward guidance for 2025 has softened, with expectations reduced from four rate cuts to just two.
At the interbank foreign exchange, the rupee opened at 85.07 against the greenback. During the day it witnessed an intraday high of 84.95 and a low of 85.12 before ending the session at 85.03 (provisional) against dollar, higher by 10 paise over its previous close.
On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time low of 85.13 against the US dollar.
Traders said the rupee recovered from lower levels in the latter half of the day on softening of the US dollar index and a potential intervention by the Reserve Bank of India (RBI). A decline in crude oil prices also supported the rupee at lower levels.
"We expect the rupee to trade with a negative bias on weak domestic markets and overall strength in the US dollar amid a hawkish Fed and improved US economy," Anuj Choudhary &ndash; Research Analyst at Mirae Asset Sharekhan, said.
Choudhary further added that FII outflows may also weigh on the rupee. However, any intervention by the RBI or any further correction in crude oil prices may support the rupee at lower levels.
"Traders may take cues from core PCE price index, personal spending and revised consumer sentiment data from the US. USD-INR spot price is expected to trade in a range of 84.80 to 85.15," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.14 per cent at 108.26.
Brent crude, the global oil benchmark, fell 0.99 per cent to USD 72.16 per barrel in futures trade.
In the domestic equity market, the 30-share BSE Sensex closed 1,176.46 points, or 1.49 per cent, down at 78,041.59 points, while Nifty settled down 340.10 points, or 1.42 per cent to 23,611.60 points.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday, as they offloaded shares worth Rs 4,224.92 crore, according to exchange data.

US President-elect Trump warns the European Union to address the US trade deficit through large-scale oil and gas purchases or face potential tariffs, signaling a shift in trade relations.

Trump threatens tariffs if EU doesn't buy more oil, gas

Trump, who takes office in January, has made sweeping threats of slapping tariffs on US trading partners -- including Canada, Mexico and China -- which could send reverberations across the global economy.

US president-elect Donald Trump on Friday threatened the European Union with tariffs if the bloc does not reduce its "tremendous" trade gap with Washington through oil and gas purchases.
"I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas," Trump said in a post on his Truth Social platform in the early hours of Friday.
"Otherwise, it is TARIFFS all the way!!!"
According to US figures, goods imports from the EU were $553.3 billion in 2022, while its exports to the bloc were $350.8 billion.
This puts the US goods trade deficit with the EU at $202.5 billion that year.
Trump, who takes office in January, has made sweeping threats of slapping tariffs on US trading partners -- including Canada, Mexico and China -- which could send reverberations across the global economy.
Accusing Canada and Mexico of allowing the United States to be flooded with illicit drugs and undocumented migrants, he had announced a 25 percent import tariffs, while also vowing at least 10 percent against China, Washington's Asia-Pacific rival.
Canada, Mexico and China make up three of the biggest US trading partners.
Earlier this month, the European Union concluded a massive trade deal with four South American countries -- Argentina, Brazil, Paraguay and Uruguay -- which aims to create a 700-million-customer free-trade area.
EU Commission Chief Ursula von der Leyen had said the agreement would build trade bridges as "strong winds are blowing in the opposite direction, towards isolation and fragmentation" -- comments largely seen as a nod to Trump's threats to hike tariffs.
Some analysts have said Trump's tariff threat could be bluster, or an opening shot for leverage in future trade negotiations when he comes into office.
But Trump has continually insisted that "properly used" tariffs would be positive for the US economy.
"Our country right now loses to everybody," he told reporters at his Florida residence earlier this week. "Tariffs will make our country rich."

The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, said VP Kunal Behl.

Honda Cars to hike vehicle prices by up to two per cent from Jan 2025

The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, said VP Kunal Behl.

Honda Cars India on Friday said it will hike prices across its model range by up to 2 per cent from January next year, in order to partially offset the impact of rising input costs.
The company sells models like Amaze, City and Elevate in the domestic market.
The automaker will increase the prices of its models by up to 2 per cent from the beginning of January 2025, Honda Cars India Vice President - Marketing and Sales Kunal Behl said.
The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added.
"However, due to the continued rise in input costs and logistics, a small portion of this impact will be passed on to customers through a price revision from the new year," Behl said.
Additionally, the all-new third-generation Amaze which was launched at a very competitive introductory price, will also see a price revision by mid of next month, he added.
Already various carmakers including Maruti Suzuki, Hyundai and Tata Motors have announced price hikes from January.
(Except for the headline, this story has not been edited by Editorji News Desk and is published from a syndicated feed.)

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Indian stock markets have corrected significantly from its all-time highs. Sensex is down more than 8,000 points and Nifty 2,500 points from the life-time highs made in October 2021. Correction in Indian equities has been fueled by the Russia-Ukraine conflict. Editorji lists down Nifty 50 stocks that are trading at the 52-week low:

Britannia
Dr Reddy
Eicher motors
HDFC
HDFC bank
Hero moto corp
Hindustan Unilever
Shree cements
Ultra tech cements


Russia-Ukraine crisis: List of Nifty stocks at 52-week low

Sensex is down more than 8,000 points and Nifty 2,500 points from the life-time highs made in October 2021.

Stocks at 52-week low

13.5% nifty 2500 point
8358 points sensex,&nbsp;
&nbsp; &nbsp; LTP 52w high 52w low Britannia 3,368.85 4,153.00 3,275.00 Dr Reddy 3,800.40 5,614.60 3,654.00 Eicher motors 2,351.60 2,994.00 2,300.00 HDFC 2,241.95 3,021.10 3,021.10 HDFC bank 1,375.10 1,725.00 1,725.00 Hero moto corp 2,340.00 3,510.90 2,301.10 Hindustan Unilever 2,003.15 2,859.30 1,975.25 Shree cements 22,524.00 32,048.00 22,116.65 Ultra tech cements 6,070.00 8,269.00 5,850.80 &nbsp; &nbsp; &nbsp; &nbsp;

Correction in Indian equities has been fueled by the&nbsp;Russia-Ukraine conflict

Indian stock markets have corrected significantly from its all-time highs. Sensex is down more than 9,000 points and Nifty 3,500 points from the life-time highs made in October 2021. Correction in Indian equities has been fueled by the&nbsp;Russia-Ukraine conflict. Editorji lists down Nifty 50 stocks that are trading at the 52-week low:
<ul>
<li>Britannia</li>
<li>Dr Reddy</li>
<li>Eicher motors</li>
<li>HDFC</li>
<li>HDFC&nbsp;bank</li>
<li>Hero moto corp</li>
<li>Hindustan&nbsp;Unilever</li>
<li>Shree cements</li>
<li>Ultra tech cements</li>
</ul>

Get the latest global stock market update for December 23, 2024. U.S. markets show gains, Europe remains stable, and Asia and India exhibit positive growth, with key indices like the Dow Jones, NASDAQ, Nikkei 225, and Nifty 50 showing strong momentum

Global Stock Market Update: U.S. Gains, Europe Stable, Asia & India Show Optimism – December 23, 2024

Explore the global stock market performance on December 23, 2024, with U.S. markets rising, Europe showing stability, and positive momentum in Asia and India, including key indices like Dow Jones, NASDAQ, Nikkei 225, and Nifty 50.

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<div class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8">On December 23, 2024, U.S. markets rose, driven by tech and industrial gains. European markets were stable, while Asia and India showed positive momentum.</div>
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The international stock market indices showed varied performances on December 23, 2024, reflecting the economic sentiment across different regions.
In this article, we analyze the performance of key global indices including the S&amp;P 500, Dow Jones Industrial Average, NASDAQ Composite, FTSE 100, DAX, CAC 40, IBEX 35, Nikkei 225, Hang Seng, Nifty 50, and BSE Sensex.
<img src="https://cdn.editorji.com/676955f865cd1_1734956536.png" width="428" height="243">
These indices are grouped by their respective regions to provide a comprehensive view of the global market landscape.
Regional Breakdown of Global Indices Performance
1. North America:
<img src="https://cdn.editorji.com/6769578b3e218_1734956939.png" width="421" height="187">
S&amp;P 500: The index saw a positive movement of +1.09%, adding 63.77 points to close higher. The index is supported by the positive momentum from key technology and healthcare sectors.
<img src="https://cdn.editorji.com/676957cd90e5d_1734957005.png" width="452" height="201">
Dow Jones Industrial Average: This index performed exceptionally well, showing a +1.18% increase, adding 498.02 points to close strongly. A strong performance in industrials and financials helped the index to stay in the positive zone.
<img src="https://cdn.editorji.com/676957f6d2003_1734957046.png" width="432" height="192">
NASDAQ Composite: The tech-heavy index gained +1.03%, adding 199.83 points. The continued strength of the tech sector has been the key driver of this rise.
Key Takeaways for North America:
North American indices are riding high on positive sentiment in the tech, industrial, and financial sectors, with Dow Jones leading in points gained.
The NASDAQ's growth indicates continued investor confidence in technology stocks.
2. Europe:
FTSE 100: The UK index showed a modest increase of +0.11%, adding 9.16 points. The index showed stability despite global economic uncertainties.
<img src="https://cdn.editorji.com/6769581d32cc6_1734957085.png" width="446" height="198">
DAX: The German index remained nearly flat, with a slight loss of 0.48 points, reflecting a -0.00% change. This shows a wait-and-see approach by investors in Germany.
<img src="https://cdn.editorji.com/676958384610f_1734957112.png" width="416" height="185">
CAC 40: France&rsquo;s index experienced a slight dip of -0.07%, losing 5.34 points. The overall economic outlook in the region remains cautious.
<img src="https://cdn.editorji.com/67695855b8617_1734957141.png" width="434" height="193">
Key Takeaways for Europe:
FTSE 100 and DAX show resilience with minor fluctuations, while CAC 40 is slightly underperforming. Investors are cautious in Europe, with mixed sentiment driven by regional economic concerns.&nbsp;
3. Spain:
IBEX 35: Spain&rsquo;s index fell by -0.19%, losing 22.30 points. The slight decline is due to market consolidation in the region.
<img src="https://cdn.editorji.com/676958620ea73_1734957154.png" width="464" height="206">
Key Takeaway for Spain:
The IBEX 35 reflects minor volatility, signaling a period of adjustment in the Spanish stock market.&nbsp;
4. Asia:
Nikkei 225: Japan&rsquo;s index posted an impressive rise of +1.19%, adding 459.44 points. The rally was driven by strength in technology and consumer goods stocks.
<img src="https://cdn.editorji.com/6769588366fa2_1734957187.png" width="459" height="204">
Hang Seng Index: Hong Kong&rsquo;s index rose by +0.82%, adding 162.43 points, indicating a positive sentiment despite geopolitical tensions in the region.
<img src="https://cdn.editorji.com/67695896c4d0e_1734957206.png" width="468" height="208">
Key Takeaways for Asia:
Nikkei 225's robust performance is a sign of confidence in Japan&rsquo;s market, supported by strong technology and consumer sectors.
Hang Seng's positive movement highlights regional recovery in Asia.
5. India:
Nifty 50: The Indian index saw a modest rise of +0.70%, gaining 165.95 points. This reflects positive market sentiment following economic reforms and a bullish outlook for Indian equities.
<img src="https://cdn.editorji.com/676958ad7f365_1734957229.png" width="464" height="206">
BSE Sensex: The index also posted a gain of +0.64%, adding 498.58 points, driven by gains in key sectors like IT and financials.
<img src="https://cdn.editorji.com/676958b526b7c_1734957237.png" width="486" height="216">
Key Takeaways for India:
Nifty 50 and BSE Sensex show stable growth, backed by the performance of the financial and IT sectors.
India&rsquo;s market sentiment remains optimistic, with strong investor confidence.
Conclusion: A Global Snapshot
The global stock market indices saw varied performances on December 23, 2024. Key takeaways include:
North America: Positive growth led by the Dow Jones and NASDAQ indicates a bullish outlook for the U.S. market.
Europe: Mixed performances in FTSE 100, DAX, and CAC 40, showing stability but cautious sentiment in the region.
Asia: Strong growth in Nikkei 225 and Hang Seng signals optimism, particularly in Japan and Hong Kong.
India: Nifty 50 and BSE Sensex showed moderate growth, reflecting positive sentiment in Indian equities.
Overall, the U.S. markets are leading the charge, while Asian and Indian indices are showing optimism.
European markets are maintaining stability but with more caution, particularly in Germany and France.

Analyze the Nifty 50 stocks on December 23, 2024, with a focus on the top losers like HEROMOTOCO, MARUTI, and BAJAJFINSV. Explore key technical indicators such as MACD, RSI, and EMA to understand market trends and potential for stock recovery.

Nifty 50 Stock Analysis – December 23, 2024: Top Losers & Technical Indicators

Explore a detailed analysis of Nifty 50 stocks on December 23, 2024, focusing on the top losers like HEROMOTOCO, MARUTI, and BAJAJFINSV. Understand key technical indicators such as MACD, RSI, and EMA to gauge the market trends and potential for a stock rebound.

On December 23, 2024, Nifty 50 stocks showed mixed performance. HEROMOTOCO led losses with bearish indicators, while MARUTI and BAJAJFINSV also faced declines. HCLTECH and HDFCLIFE showed neutral to oversold conditions, suggesting potential for a rebound.

The Nifty 50 stocks experienced a mixed performance on December 23, 2024, with HEROMOTOCO leading the losses.
The analysis of key technical indicators such as the RSI, MACD, and EMA shows that many of these stocks are under pressure, with the potential for either further declines or possible reversals depending on market conditions.
<img src="https://cdn.editorji.com/676952542e443_1734955604.png" width="416" height="236">
Traders and investors should monitor the RSI for signs of oversold conditions, and the MACD for any positive crossovers, as these could signal a change in trend.
1. HEROMOTOCO &ndash; Stock Analysis for December 23, 2024
Opening Price: 4365.00 Closing Price: 4272.60 High Price: 4375.50 Low Price: 4258.35 % Change: -1.55% Points Change: -67.35 Volume: 931,136
Key Technical Indicators:
50 EMA: 4597.79 200 EMA: 4631.09 10 EMA: 4447.18 20 EMA: 4530.72 RSI: 22.53 (Indicating oversold conditions) MACD: -85.31 MACD Signal: -55.17
Analysis:
HEROMOTOCO witnessed a significant decline of -1.55% today, closing at 4272.60.
<img src="https://cdn.editorji.com/676952a597735_1734955685.png" width="413" height="209">
EMA Indicators: The stock is trading far below both the 50 EMA and 200 EMA, showing a strong bearish trend. The 10 EMA is also lower than the 20 EMA, which further supports the negative sentiment.
<img src="https://cdn.editorji.com/676952cd0d43b_1734955725.png" width="416" height="154">
RSI: The RSI of 22.53 signals that the stock is in the oversold zone, meaning it could be due for a rebound, but this is contingent upon broader market conditions.
<img src="https://cdn.editorji.com/676952df5c772_1734955743.png" width="408" height="151">
MACD: The MACD is negative (-85.31) and below its signal line (-55.17), confirming a downtrend. A crossover of the MACD and signal line could indicate a reversal, but currently, the trend is bearish.
2. MARUTI &ndash; Stock Analysis for December 23, 2024
Opening Price: 10928.00 Closing Price: 10822.00 High Price: 10989.80 Low Price: 10755.40 % Change: -0.73% Points Change: -79.05 Volume: 237,094
Key Technical Indicators:
50 EMA: 11105.03 200 EMA: 11110.18 10 EMA: 11037.56 20 EMA: 11086.10 RSI: 35.81 MACD: -40.08 MACD Signal: -0.35
Analysis:
MARUTI dropped by -0.73% today, ending at 10822.00.
<img src="https://cdn.editorji.com/676952fab3ca4_1734955770.png" width="417" height="211">
EMA Indicators: The stock is below both the 50 EMA and 200 EMA, suggesting a bearish trend. Additionally, the 10 EMA and 20 EMA are both below the 50 EMA, further indicating that the stock could face additional downward pressure.
<img src="https://cdn.editorji.com/676953235eb97_1734955811.png" width="416" height="154">
RSI: The RSI of 35.81 suggests that the stock is not yet in the oversold zone, but there is room for further declines before a potential reversal.
<img src="https://cdn.editorji.com/6769533069a40_1734955824.png" width="419" height="155">
MACD: The MACD is negative, at -40.08, indicating the bearish momentum remains intact. The signal line is near zero, which might indicate the stock is approaching a neutral position in the short term.
3. HCLTECH &ndash; Stock Analysis for December 23, 2024
Opening Price: 1918.50 Closing Price: 1903.00 High Price: 1939.40 Low Price: 1899.15 % Change: -0.44% Points Change: -8.35 Volume: 2,058,262
Key Technical Indicators:
50 EMA: 1906.37 200 EMA: 1898.32 10 EMA: 1927.16 20 EMA: 1918.86 RSI: 49.22 MACD: 11.04 MACD Signal: 13.97
Analysis:
HCLTECH closed with a modest loss of -0.44%, finishing at 1903.00.
<img src="https://cdn.editorji.com/67695360df0b1_1734955872.png" width="415" height="210">
EMA Indicators: The stock is slightly above the 50 EMA and 200 EMA, which suggests some bullish sentiment. However, it is still facing resistance near its 10 EMA and 20 EMA, which is pointing to a potential short-term consolidation.
<img src="https://cdn.editorji.com/67695375ca62f_1734955893.png" width="410" height="152">
RSI: The RSI of 49.22 indicates that the stock is in neutral territory, neither overbought nor oversold. This suggests that there may be limited immediate upside potential, but the stock is not under significant selling pressure either.
<img src="https://cdn.editorji.com/676953814d58e_1734955905.png" width="419" height="155">
MACD: The MACD is positive, at 11.04, indicating the stock is in a bullish trend. However, it is close to its signal line of 13.97, signalling that momentum may slow down if the stock fails to break resistance levels.
4. HDFCLIFE &ndash; Stock Analysis for December 23, 2024
Opening Price: 625.05 Closing Price: 622.55 High Price: 626.45 Low Price: 613.60 % Change: -0.20% Points Change: -1.25 Volume: 2,923,839
Key Technical Indicators:
50 EMA: 648.37 200 EMA: 654.97 10 EMA: 629.47 20 EMA: 638.06 RSI: 28.84 MACD: -10.07 MACD Signal: -9.67
Analysis:
HDFCLIFE had a minor drop of -0.20%, closing at 622.55.
<img src="https://cdn.editorji.com/676953aba3670_1734955947.png" width="421" height="213">
EMA Indicators: The stock remains significantly below the 50 EMA and 200 EMA, indicating the presence of a bearish trend. The 10 EMA is still lower than the 20 EMA, confirming that short-term momentum is negative.
<img src="https://cdn.editorji.com/676953dc7b98e_1734955996.png" width="413" height="153">
RSI: The RSI of 28.84 places the stock in the oversold zone, meaning there could be a potential for a price rebound. However, confirmation from other indicators is necessary.
<img src="https://cdn.editorji.com/676953eb48811_1734956011.png" width="416" height="154">
MACD: The MACD is negative, at -10.07, and below the signal line, which suggests that the downward trend is still dominant. A crossover of the MACD above the signal line could signal a reversal.
5. BAJAJFINSV &ndash; Stock Analysis for December 23, 2024
Opening Price: 1583.00 Closing Price: 1563.40 High Price: 1594.75 Low Price: 1560.55 % Change: -0.40% Points Change: -6.25 Volume: 1,017,369
Key Technical Indicators:
50 EMA: 1627.59 200 EMA: 1629.73 10 EMA: 1614.76 20 EMA: 1623.72 RSI: 30.33 MACD: -7.15 MACD Signal: 1.31
Analysis:
BAJAJFINSV ended the day with a slight decline of -0.40%, closing at 1563.40.
<img src="https://cdn.editorji.com/676953f8c8ebb_1734956024.png" width="423" height="214">
EMA Indicators: The stock is trading below both the 50 EMA and 200 EMA, indicating a bearish trend. Additionally, the 10 EMA and 20 EMA are positioned below the 50 EMA, suggesting further bearish momentum in the short term.
<img src="https://cdn.editorji.com/67695403cbd44_1734956035.png" width="424" height="157">
RSI: The RSI of 30.33 signals that the stock is in the oversold zone, which might present a buying opportunity, but the negative MACD indicates that the stock could continue to experience downward pressure.
<img src="https://cdn.editorji.com/6769540e6738a_1734956046.png" width="437" height="162">
MACD: The MACD is negative, at -7.15, signalling that the stock&rsquo;s downward trend is continuing. The signal line is above the MACD, confirming the bearish momentum.
Key Takeaways:
HEROMOTOCO experienced the largest loss, down -1.55%, reflecting significant weakness, with the stock's technical indicators showing oversold conditions.
MARUTI and BAJAJFINSV also faced declines of -0.73% and -0.40%, respectively, both stocks trading below their long-term EMAs, signalling bearish momentum.
HCLTECH saw a smaller loss of -0.44% and appears neutral, with a positive MACD and an RSI in the mid-range.
HDFCLIFE saw a decline of -0.20% but is in the oversold region according to its RSI, which could signal a potential rebound.
Most stocks have a negative MACD, indicating that bearish trends are still strong in the short term.

Get a detailed technical analysis of the top Nifty 50 gainers on December 23, 2024, including JSWSTEEL, ITC, HINDALCO, TRENT, and HDFCBANK. Explore key indicators like EMA, RSI, and MACD for insights into stock trends and potential.

Top Nifty 50 Gainers on December 23, 2024: Technical Analysis of JSWSTEEL, ITC, HINDALCO, TRENT, and HDFCBANK

Explore the technical performance of top Nifty 50 gainers on December 23, 2024, including JSWSTEEL, ITC, HINDALCO, TRENT, and HDFCBANK. This detailed analysis covers key indicators like EMA, RSI, and MACD to highlight the short-term and long-term trends.

On December 23, 2024, Nifty 50 saw solid gains from JSWSTEEL, ITC, HINDALCO, TRENT, and HDFCBANK. TRENT led with strong bullish indicators, while HDFCBANK showed sustained growth. JSWSTEEL and HINDALCO faced resistance despite short-term gains.

Today, the Nifty 50 index saw significant movements, particularly among its top gainers.
This article explores the performance of the top stocks&mdash;JSWSTEEL, ITC, HINDALCO, TRENT, and HDFCBANK&mdash;on December 23, 2024, focusing on key technical indicators such as Exponential Moving Averages (EMA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD).
These indicators provide valuable insights into the short-term and long-term potential of these stocks.
<img src="https://cdn.editorji.com/676943686e139_1734951784.png" width="501" height="378">
Detailed Technical Analysis of the Top Gainers
1. JSWSTEEL
Price Action: The stock opened at ₹936, reached a high of ₹950.95, and a low of ₹921.60, closing at ₹937.05, marking a 2.15% increase with a +19.70 points change.
EMA: The stock remains below both its 50-day EMA (₹971.10) and 200-day EMA (₹971.28), signalling a bearish long-term trend.
RSI: RSI stands at 37.78, indicating neutral market sentiment, without being oversold or overbought.
<img src="https://cdn.editorji.com/67694959c9528_1734953305.png" width="500" height="185">
MACD: The MACD is negative (-8.18) and below the signal line (-0.09), confirming a short-term bearish sentiment.
<img src="https://cdn.editorji.com/6769496ba4354_1734953323.png" width="500" height="185">
Key Takeaways:
Bearish Long-Term Trend: Despite today's positive movement, long-term technical indicators suggest caution.
RSI &amp; MACD Analysis: The stock has the potential to rise but may face resistance in the future.
2. ITC
Price Action: ITC opened at ₹471.20, hit a high of ₹477.70, and a low of ₹467.60, closing at ₹474.25, marking a 2.07% rise with a +9.60 points change.
<img src="https://cdn.editorji.com/67694989700d9_1734953353.png" width="500" height="253">
EMA: The stock is trading above its 200-day EMA (₹470.24) but below its 50-day EMA (₹469.83), suggesting a mixed outlook.
RSI: RSI at 54.84 shows balanced market sentiment with no extreme overbought or oversold conditions.
<img src="https://cdn.editorji.com/676949a1755d1_1734953377.png" width="502" height="192">
MACD: MACD is negative (-0.49) and below the signal line (-0.79), suggesting a cautious outlook despite today&rsquo;s gain.
<img src="https://cdn.editorji.com/676949adb74ed_1734953389.png" width="507" height="194">
Key Takeaways:
Neutral Sentiment: ITC shows potential for further upside, but the stock is under pressure from the MACD and RSI readings.
Mixed EMA Outlook: Short-term resistance is expected near the 50-day EMA.
3. HINDALCO
Price Action: HINDALCO opened at ₹625.55, touched a high of ₹635.90, and a low of ₹625.55 before closing at ₹634.15, reflecting a 1.85% increase with +11.50 points change.
<img src="https://cdn.editorji.com/676949f7ccde7_1734953463.png" width="503" height="242">
EMA: The stock remains below its 50-day EMA (₹652.08), but above its 200-day EMA (₹652.71), suggesting a slight downtrend.
RSI: RSI at 39.17 is close to oversold conditions, which could indicate an impending price reversal.
<img src="https://cdn.editorji.com/67694a0d023d2_1734953485.png" width="507" height="194">
MACD: The MACD is below the signal line (-5.57), indicating that the stock may face resistance in its short-term bullish run.
<img src="https://cdn.editorji.com/67694a1858e47_1734953496.png" width="500" height="185">
Key Takeaways:
Bearish Medium-Term Outlook: Although showing a short-term gain, the stock remains under pressure in the long term.
Watch for Reversal: The stock may bounce back if RSI shows a reversal from oversold territory.
4. TRENT
Price Action: TRENT opened at ₹6,870, reached a high of ₹7,070, and a low of ₹6,860.05, closing at ₹6,946, marking a 1.68% increase with +114.45 points change.
<img src="https://cdn.editorji.com/67694a2ecacb3_1734953518.png" width="494" height="250">
EMA: The stock is above both its 50-day EMA (₹6,841.36) and 200-day EMA (₹6,791.50), indicating strong bullish momentum.
RSI: RSI at 55.80 shows that the stock is in an uptrend, nearing overbought conditions.
MACD: MACD at 62.65 above the signal line suggests strong bullish momentum, confirming a potential for continued price growth.
Key Takeaways:
Strong Bullish Momentum: Both RSI and MACD indicate that TRENT is likely to continue its upward trend in the near term.
RSI Caution: As RSI nears overbought territory, watch for potential pullbacks if the momentum fades.
5. HDFCBANK
Price Action: HDFCBANK opened at ₹1,782, touched a high of ₹1,806, and a low of ₹1,781.30, closing at ₹1,801, marking a 1.67% rise with +29.50 points change.
EMA: The stock is above both its 50-day EMA (₹1,809.87) and 200-day EMA (₹1,801.31), indicating a strong bullish trend.
RSI: RSI at 47.73 indicates a neutral sentiment, with no overbought or oversold conditions. MACD: MACD at 3.08, above the signal line, suggests that the stock is in a steady uptrend.
Key Takeaways:
Sustained Bullish Momentum: HDFCBANK remains in a strong uptrend, supported by its position above the key EMAs.
Neutral RSI: No overbought or oversold condition, giving the stock room to grow.
Conclusion:
On December 23, 2024, the Nifty 50 experienced a day of solid performances, particularly from TRENT, HDFCBANK, JSWSTEEL, ITC, and HINDALCO.
TRENT emerged as the top gainer, with its strong technicals, including bullish MACD and RSI, signalling further growth potential.
HDFCBANK continues to hold a strong position above key EMAs, supported by positive MACD and neutral RSI. JSWSTEEL and HINDALCO showed short-term gains, but their longer-term trends remain slightly bearish, as indicated by their EMAs and MACD readings.
Key Takeaways:
MACD &amp; RSI Analysis: TRENT and HDFCBANK show strong bullish momentum, while JSWSTEEL and HINDALCO may face resistance in the long run.
Watch EMAs: Stocks above their 50-day and 200-day EMAs, like TRENT and HDFCBANK, signal strong trends, while those below, like JSWSTEEL, may struggle.

From the 30 blue-chip stocks, Bajaj Finance, HDFC Bank, ITC, ICICI Bank, Bharti Airtel, Tata Steel, Reliance Industries and Axis Bank were the biggest gainers.

Indian Stock Market stage sharp recovery after five days of fall

From the 30 blue-chip stocks, Bajaj Finance, HDFC Bank, ITC, ICICI Bank, Bharti Airtel, Tata Steel, Reliance Industries and Axis Bank were the biggest gainers.

Equity benchmark indices Sensex and Nifty bounced back sharply on Monday morning after five days of steep decline amid value buying at lower levels and a rally in global markets.
Buying in blue-chip stocks also helped in markets recovery.
The 30-share BSE benchmark Sensex jumped 628.34 points to 78,669.93 in early trade. The NSE Nifty surged 219 points to 23,806.50.
From the 30 blue-chip stocks, Bajaj Finance, HDFC Bank, ITC, ICICI Bank, Bharti Airtel, Tata Steel, Reliance Industries and Axis Bank were the biggest gainers.
New entrants Zomato and Sun Pharma were the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.
Wall Street ended higher on Friday.
In the past five days, the BSE benchmark tanked 4,091.53 points or 4.98 per cent, and the Nifty slumped 1,180.8 points or 4.76 per cent.
Nifty is witnessing a relief rally today after last week's sell-off, but caution still lingers with FIIs selling, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,597.82 crore on Friday, according to exchange data.
Global oil benchmark Brent crude climbed 0.47 per cent to USD 73.28 a barrel.
The 30-share BSE benchmark tumbled 1,176.46 points or 1.49 per cent to settle at 78,041.59 on Friday. The Nifty tanked 364.20 points or 1.52 per cent to 23,587.50.
(Except for the headline, this story has not been edited by Editorji News Desk and is published from a syndicated feed.)

The International Air Transport Association (IATA) represents around 340 airlines, including Indian carriers, that account for more than 80 per cent of the global air traffic.

India has potential to be key sustainable aviation fuel producer: IATA

The International Air Transport Association (IATA) represents around 340 airlines, including Indian carriers, that account for more than 80 per cent of the global air traffic.

India has the potential to be a key producer of sustainable aviation fuel by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils, according to a senior official at the global airlines&rsquo; grouping IATA.
With decarbonisation in focus, efforts are being made to reduce emissions and over the years, Indian carriers have operated some flights with a blend of Sustainable Aviation Fuel (SAF) and traditional Aviation Turbine Fuel (ATF).
Hemant Mistry, Director of Net Zero Transition at the International Air Transport Association (IATA), said the ecosystem for SAF has developed but there is more work to be done.
&ldquo;There are some very good opportunities for India right now. One is in terms of SAF feedstocks like agricultural waste... There is a growing understanding of what to do for SAF production. We are talking to a number of companies to understand how we can collaborate... Oil companies,&rdquo; Mistry told PTI in a recent interview in Geneva.
The International Air Transport Association (IATA) represents around 340 airlines, including Indian carriers, that account for more than 80 per cent of the global air traffic.
&ldquo;India, the third largest ethanol producer and consumer today, has the potential to emerge as a key SAF producer utilising its existing and advanced ethanol supplies.
&ldquo;At IATA, we see sustainable, low-carbon-intensity ethanol as a promising feedstock to propel India&rsquo;s aviation sector growth,&rdquo; Mistry said.
This year, global SAF production is estimated at 1 million tonnes (1.3 billion litres), lower than the earlier projection of 1.5 million tonnes (1.9 billion litres) but higher than the volume of 0.5 million tonnes (600 million litres) recorded in 2023, according to IATA.
As the aviation sector pursues ambitious efforts for decarbonisation, IATA has said SAF production growth is disappointingly slow.
While noting that India is poised to emerge as the world&rsquo;s third-largest aviation market, Mistry said there is also the opportunity for the country to emerge as a SAF hub in the region.
&ldquo;The position can be further strengthened by the early adoption of innovative global accounting practices where India&rsquo;s SAF supplies can cater to the global aviation market, a true mark of act local, think global,&rdquo; he noted.
India is one of the world&rsquo;s fastest-growing civil aviation markets and airlines are expanding their fleets as well as networks to cater to the rising traffic demand.
On mandating the use of SAF, Mistry pointed out that the mandate is a work for scale but that can only come later. &ldquo;You can&rsquo;t have a mandate without technology maturity. That is a big risk.&rdquo;
In 2025, IATA expects SAF production to touch 2.1 million tonnes (2.7 billion litres).
India has the availability of lipids feedstocks like non-edible industrial oils, animal fats and tallows where the supply chains are not well developed with limited supply for biodiesel production, Mistry said.
The country&rsquo;s surplus annual biomass availability is estimated to be more than 200 Mt.
With multiple options available for road fleets, lipids-based feedstock must be used for India&rsquo;s SAF value chains. These oily feedstocks can be utilised at existing refineries by ASTM-qualified HEFA co-processing pathways, Mistry said.
Consultancy Deloitte, in a report in October this year, said India has the potential to produce 8-10 million tonnes of Sustainable Aviation Fuel (SAF) by 2040, and investments worth USD 70-85 billion will be required to achieve the projected production.
On the priorities under the SAF umbrella, Mistry said it is a question of more support to get the technologies to maturity and enable some sort of market development.
&ldquo;We should not have feedstock criteria that are regionally divergent. We should have sustainability criteria that are universally acknowledged,&rdquo; he added.
There are 11 certified pathways to make SAF and the HEFA method (Hydrotreated Esters Fatty Acids) is projected to account for around 80 per cent of the production in the next five years.
HEFA method utilises used cooking oil and animal fats, among others.
As per the airlines&rsquo; grouping, SAF volumes could be boosted by increasing investments to scale up production through the other certified pathways, in particular Alcohol-to-Jet (AtJ) and Fischer-Tropsch (FT), which use biological and agricultural wastes and residue.
&ldquo;The airline industry&rsquo;s decarbonisation must be seen as part of the global energy transition, not compartmentalised as a transport issue... Renewable fuel refineries will produce a broad range of fuels used by other industries, and only a minor share will be SAF, used by airlines,&rdquo; IATA Senior Vice President Sustainability and Chief Economist Marie Owens Thomsen said last week.
(Except for the headline, this story has not been edited by Editorji News Desk and is published from a syndicated feed.)

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