Market Trading Guide: Muthoot Finance, Hindalco Industries are among 4 stock recommendations for Wednesday

Indian benchmarks lacked spark on Tuesday ending the session with minor declines on the last day of 2024. The major spoilers were IT stocks while some selling pressure was seen in the banking stocks as well. While the S&P BSE Sensex settled at 78,139.01, down by 109.12 points or 0.14%, the broader Nifty closed flat at 23,644.80, lower by 0.10 points.Overall, for the year, Nifty managed a 9% uptick over the previous year while Sensex rose by 8%. Rupak De, Senior Technical Analyst at LKP Securities said that the technical setup remains unchanged as the index failed to break above any significant moving averages despite a smart recovery today following a weak start. "Sentiment appeared to have improved throughout the session. If Nifty moves above 23,700, it could advance towards 23,900-24,000. On the lower end, support is placed at 23,550," he said.Here are 4 stock recommendations for Wednesday: Stock Ideas