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Tuesday, December 24, 2024 | 07:07 AM ISTEN Hindi

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Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead

CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.

Image SI Reporter New Delhi
India inc, capital, returns, stocks, BSE, market, bull, earnings, growth

CLOSING BELL

Stock market highlights: 
Bulls retained control of Dalal Street for fourth straight day on Tuesday amid a broad-based rally. While the benchmark indices cooled off marginally towards the fag end of the session, they ended about 0.75 per cent higher each.

The S&P BSE Sensex climbed 456 points to end at 60,571, while the Nifty reclaimed the 18,000-mark to close at 18,070, up 133 points. The broader 50-pack index touched the 18,000 level after 4 months.

23 of the 30 Sensex stocks, and 34 of the 50 Nifty stocks ended in the green led by Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors. The losers were Shree Cement, Cipla, Eicher Motors, TCS, BPCL, Dr Reddy's, and Bajaj Auto.

In the broader markets underperformed the benchmarks today, rising up to 0.2 per cent. Sectorally, the gains were led by the Nifty Metal index (up 1.3 per cent), the Nifty Financial Services index (up 0.9 per cent), and the Nifty Bank index (up 0.71 per cent).
4:17 PM

Gold prices hold steady as US' inflation data takes centre stage

Gold prices steadied into a tight range on Tuesday as investors held off on large bets ahead of key U.S. inflation data that could influence the size of future Federal Reserve interest rate hikes. READ MORE

Gold

4:14 PM

Dollar eyes longest losing streak in a year ahead of US inflation data

Nevertheless, an upside surprise to inflation will easily cement market expectations of another outsized 75 basis points rate hike. READ MORE

Photo: Reuters

4:12 PM

GLOBAL CHECK: European markets inch higher in trade

4:09 PM

GLOBAL CHECK: US equity futures edge up ahead of inflation data

4:05 PM

MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services

Positive indicators from the domestic economy, such as FII inflow, improving macro-parameters, and decreased inflation, were the key factors for the current surge in the Indian market. However, the global markets have recently joined the rally ahead of the release of US inflation data, as the market expects a further ease in inflation, which would help the Fed take a less hawkish stance. Although the domestic CPI at 7% indicates a rising inflation trend due to increased food prices, core inflation of 5.9% offers some solace. The policy decisions made by the RBI and Fed at their upcoming policy meetings will drive the market going ahead.

4:00 PM

TECHNICAL VIEW: Kunal Shah - Senior Technical & Derivative Analyst at LKP Securities

The Nifty index surpassed the psychological mark of 18,000 and managed to close above it indicating the continuation of the ongoing momentum. The index lower end support stands at the 17,900-17,875 zone and as long as the mentioned support is held it remains in a buy mode. The index immediate resistance on the upside is at 18,100 and once taken out will open the room for 18,400-18,500 on the upside.

markets
3:54 PM

Logistic stocks gain in an upbeat market: Allcargo Logistics up 9%

3:47 PM

Shree Cement, Cipla, Eicher Motors top Nifty50 laggards

3:45 PM

Bajaj Finserv, Tata Consumer, IndusInd Bank top Nifty50 leaders

3:43 PM

Broader markets resilient; India Vix slips 2%

3:40 PM

Marginal losses seen in IT, realty; metal stocks shine

3:35 PM

SENSEX HEATMAP: 22 out of 30 index constituents close in green

3:33 PM

CLOSING BELL: Nifty50 closes above 18,050 levels, up 100 pts

3:31 PM

CLOSING BELL: Sensex closes 450 points higher, above 60,500 levels

3:26 PM

ABFRL, Apollo Tyres, Ambuja Cements among stocks that hit 52-week high

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First Published: Sep 13 2022 | 8:20 AM IST