Mumbai: India’s stock market witnessed significant movement in December, with shares of NTPC, State Bank of India (SBI), and Larsen & Toubro (L&T) recording notable gains. The rally was driven by strong quarterly results, robust order inflows, and positive investor sentiment.
NTPC’s stock rose 6% this month as investors showed confidence in the company’s renewable energy plans. SBI, India’s largest lender, saw its shares climb on the back of strong earnings and higher loan growth. L&T also reported an uptick as it bagged multiple infrastructure and defense contracts.
Conversely, shares of ITC and Bharti Airtel faced declines. ITC’s stock slipped amid profit-booking, while Airtel witnessed a dip due to sectoral headwinds. Overall, market analysts remain optimistic about future growth, supported by India’s strong macroeconomic indicators and growing investor confidence.