Stock Market Today: Nifty, Sensex Snap Five-Day Fall; JSW Steel, ITC Top Gainers
Nifty ended 0.7% or 165.95 points up at 23753.45 and Sensex closed 0.64% or 498.58 points higher at 78540.17. Intraday, both the indices had gained more than 1%.
KEY HIGHLIGHTS
US Futures Trade Higher
As of 3:26 p.m., futures contracts of Dow Jones Average and S&P 500 futures were trading 0.11% and 0.28% higher, respectively. The Nasdaq 100 futures contract was 0.48% higher
Events, Economic Data Later Monday
UK: BOE Quarterly Bulletin
US: Consumer Confidence
Rupee At Record Closing Low Against Dollar
-Rupee closed 10 paise weaker at 85.12 against the US dollar.
-It closed at 85.02 on Friday.
Source: Bloomberg
Nifty, Sensex Snap Five-Day Fall; JSW Steel, ITC Top Gainers
Benchmark equity indices tracked the gains in US and Asia markets to close higher on the first session of Christmas week. Before today, both the indices had lost nearly 5% last week.
Nifty ended 0.7% or 165.95 points up at 23753.45 and Sensex closed 0.64% or 498.58 points higher at 78540.17. Intraday, both the indices had gained more than 1%.
Globally, sentiment was bolstered as November US PCE data cooling more than expected in eased fears of future rate hikes in the country.
"With a bullish cypher pattern in the picture, the Indian equities started the session on a firm note and it was coupled with a follow-through momentum, but in mid-session, a reversal was seen and the Index wiped off some of its gains," said Aditya Gaggar, director of Progressive Shares.
"A strong and sustainable move above the zone of 23,850-24,000 will confirm a trend reversal whereas on the downside, the level of 23,600 will continue to act as a support," he said.
Shares of HDFC Bank Ltd., Reliance Industries Ltd., ITC Ltd., ICICI Bank Ltd., and State Bank Of India contributed the most to the gains of Nifty.
While those of Tata Consultancy Services Ltd., Maruti Suzuki Ltd., HCL Technologies Ltd., and Hero MotoCorp Ltd., and Tata Motors Ltd. weighed.
Except Nifty Auto and Media, all sectoral indices rose.
Market breadth was skewed in favour of sellers. Around 2,442 stocks declined, 1,639 stocks advanced, and 137 stocks remained unchanged on BSE.
Broader markets end mixed on BSE. The BSE Midcap ended 0.10% up, and Smallcap indices ended 0.60% down.
On BSE, 16 sectors advanced, five declined out of 21. The BSE Realty advanced the most, and the BSE Industrial declined the most.
Markets At Close
Nifty and Sensex fell snap five-session fall
Intraday, both the indices had gained more than 1%.
Nifty ends 0.7% or 165.95 points up at 23753.45
Sensex ends 0.64% or 498.58 points higher at 78540.17
Broader indices underperformed. Nifty Midcap 100 ended 0.3% up; Nifty Smallcap 250 closed 0.4% lower
Except Nifty Auto and Media, all sectoral indices rose
ITC and JSW Steel were top Nifty gainers
Hero MotoCorp and Maruti Suzuki fell the most
