Stock Market Today: Nifty Extend Gains To Second Day; Sensex Ends Nearly 300 Points Higher
The Nifty 50 and Sensex were trading 0.37% and 0.38% higher, respectively. Get live updates on Indian stock markets on Dec. 27.
KEY HIGHLIGHTS
Economic Data Releases And Events For Dec 27
US: Goods Trades Balance — 7:00 p.m.
US: Preliminary Wholesale Inventories — 7:00 p.m.
US: Energy Information Administration Natural Gas Storage Weekly Report — 9:00 p.m.
US: EIA Crude Oil Inventories Weekly Report — 11:30 p.m.
US Futures Decline
Future contract of Dow Jones was 0.3% down at 43,575.00, that of S&P 500 fell 0.4% to 6,072.25, and Nasdaq 100 contract fell 0.4% to 21,913.25 as of 3:40 p.m.
Stock Market Highlights: Nifty, Sensex Recoup Weekly Losses; Dr. Reddy's, IndusInd Bank Top Gainers
The NSE Nifty 50 and BSE Sensex ended Friday's session higher as Mahindra & Mahindra Ltd. and ICICI Bank Ltd. share prices lead. The Nifty 50 ended with gains for second day in a row. The benchmark indices recouped weekly losses.
The Nifty 50 ended 63.20 points or 0.27% higher at 23,813.40, and the Sensex ended 271.74 points or 0.35% higher at 78,744.22.
A few hours into Friday's session, the Nifty 50 rose 0.79% to the day's high of 23,801.40, and the Sensex rose 0.73% to the day's high of 79,043.15.
The benchmark indices pared most gains as the session advanced. Sharp decline in the Indian currency also weighed on the investors' sentiment.
ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Bajaj Auto Ltd., and ITC Ltd. added to the Nifty 50 index.
Apollo Hospitals Enterprise Ltd., HCLTech Ltd., Dr. Reddy's Laboratories Ltd., Titan Co. Ltd., and Adani Ports And Special Economic Zone Ltd. weighed on the Nifty 50 index. On
On NSE, seven sectors advanced and five declined out of 12. The NSE Nifty Pharma advanced and the NSE Nifty Metal declined the most.
Broader indices were mixed. BSE Midcap underperformed and closed 0.1% down while BSE Smallcap rose around 0.3%.
Twelve of 21 sectoral indices on the BSE fell and rest gained. BSE Metal fell the most.
Market breadth was skewed in the favour of sellers. As many as 2,027 stocks fell, 1,942 advanced, and 119 remained unchanged on the BSE.
On weekly basis, the Nifty 50 and Sensex recouped losses. The Nifty 50 and Sensex ended 0.96% and 0.84% higher, respectively in the week ended on Dec 27.
This week on NSE, eight sectors advanced and four declined out of 12. The NSE Nifty Media declined the most, while the NSE Nifty Auto rose the most.
The NSE Nifty Auto, NSE Nifty Oil and Gas, NSE Nifty Banks snapped two weeks losing streak
Rupee Ends Record Closing Low Against US Dollar
Rupee closed at a record closing low of 85.54 against the US Dollar.
Rupee posts sharp recovery after weakening by a record 53 paise during the day.
The currency opened at 85.32 against the US Dollar.
It closed at 85.26 on Thursday.
Rupee saw the steepest single-day decline since Feb. 2023
Indian Rupee led the fall in Asian currencies on Friday.
Rupee set to post yearly losses against dollar for 7 consecutive years
Source: Bloomberg
Market At Close
The NSE Nifty 50 and BSE Sensex reversed weekly losses.
The Nifty 50 rose for second day in a row.
Dr. Reddy's Laboratories Ltd. and IndusInd Bank Ltd. share prices were top gainers in the Nifty 50.
Hindalco Industries Ltd. and State Bank of India were top loser in the Nifty 50 index.
The NSE Nifty Midcap 150 ended 0.15% down at 21,064.30.
The NSE Nifty Smallcap 250 ended 0.20% higher at 17,703.60.
