CLOSING BELL: The broader markets, on the other hand, outperformed the benchmark indices as the BSE MidCap and SmallCap indices advanced 0.59 per cent and 0.68 per cent, respectively

Sensex gains 145 pts ahead of US Fed outcome; YES Bank slumps 8%, Paytm 2%

<strong>CLOSING BELL<br />
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Stock market highlights: </strong>Equity markets extended gains into second straight day as cooler-than-expected inflation in the US and India fueled risk appetite of investors. Overnight, the US recorded the smallest monthly increase in retail inflation at 7.1 per cent. Back home, India&#39;s wholesale inflation hit a 21-month low of 5.85 per cent on Wednesday.<br />
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	Against this, the S&P BSE Sensex settled the range-bound trade at 62,678, up 145 points or 0.23 per cent. The NSE Nifty50, meanwhile, shut shop at 18,660, up 52 points or 0.28 per cent.<br />
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	The broader markets, on the other hand, outperformed the benchmark indices as the BSE MidCap and SmallCap indices advanced 0.59 per cent and 0.68 per cent, respectively.<br />
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	Sectorally, the Nifty Realty, Metal, IT and Media indices gained over 1 per cent each, followed by Nifty Auto and Pharma indices (up 0.6 per cent each). The Nifty FMCG index was the only loser, down 0.43 per cent.<br />
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	<strong>Buzzing stocks</strong><br />
	Shares of <strong>YES Bank</strong> dipped 8 per cent to Rs 22 on the BSE in Wednesday&#39;s intra-day trade, falling 11 per cent from the day&#39;s high of Rs 24.75, as investors booked profit booking after four days of relentless rally. They also took money off the table after private equity (PE) funds Carlyle Group and Advent picked 9.99 per cent stake in the bank. <strong><a href="https://www.business-standard.com/article/markets/yes-bank-makes-preferential-allotment-to-carlyle-advent-stock-dips-8-122121400376_1.html" target="_blank">READ MORE</a><br />
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	Paytm&#39;s </strong>shares fell 3 per cent to Rs 525.60 amid profit booking on the BSE in Wednesday&#39;s intra-day trade. JP Morgan, however,, said Rs 850-crore share buyback programme could support the stock&#39;s price in the near-term, <strong><a href="https://www.business-standard.com/article/markets/rs-850-crore-buyback-at-premium-to-support-paytm-stk-in-near-term-jpmorgan-122121400190_1.html" target="_blank">READ MORE</a></strong><br />
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		<strong>Primary market</strong></div>
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		<strong>Sula Vineyards</strong>: The initial share sale of the wine seller was subscribed 2.3 times till 3:30 PM on the final day of the issue. At 4.13 times, QIB portion was subscribed the most, followed by retail portion at 1.6 times and NII at 1.49 times.</div>
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		<strong>Abans Holdings:</strong> The issue was subscribed 44 per cent on day three of the offer with QIB portion at 2 times, NII at 14 per cent and retail at 29 per cent.&nbsp;</div>
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Business Standard

Sensex gains 145 pts ahead of US Fed outcome; YES Bank slumps 8%, Paytm 2% | News on Markets - Business Standard

STOCK ALERT: Bank of Baroda invites EOIs for entire stake sale in Nainital Bank

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	The bank seeks to sell its entire 98.57% stake in 100-yr old Nainital Bank by January 13.</div>
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	Nainital Bank has a net worth of Rs 607 crore, operates 166 branches in 5 states with 941 employees.&nbsp;</div>

Brent Crude trades with marginal downtick at $80 per barrel

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Nifty50 likely to attempt reclaiming 18,800 with a gap-up open

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US core inflation slows, giving Fed Reserve some breathing room on rates

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	The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs.<br />
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	Excluding food and energy, the consumer price index rose 0.2 per cent in November and was up 6 per cent from a year earlier. <a href="https://www.business-standard.com/article/international/us-core-inflation-slows-giving-fed-reserve-some-breathing-room-on-rates-122121301076_1.html" target="_blank"><strong>Read full report</strong><br />
	<img alt="us inflation, market" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-12/13/full/1670941287-3384.jpg?im=Resize,width=640" /></a></div>
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US equity futures trade with tepid gains ahead of Fed rate decision

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Asian markets edge higher on Wall Street gains

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US markets jump up to 1% on cooler-than-expected retail inflation

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