Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump

Closing Bell on December 15, 2023: Among sectors, the Nifty IT index zoomed 4.5 per cent, the Nifty Metal gained 2.13 per cent, and the Nifty PSU Bank index 2.39 per cent

3:47 PM

Tech View :: 'Bank Nifty's next resistance placed at 50,000'

The Bank Nifty bulls maintain their robust momentum, pushing the index beyond the 48,000 level. The overall market sentiment remains bullish, supported by a strong base at 47,500.

Any retracements towards this support level are seen as buying opportunities. The upside potential for the index is projected to reach 50,000, indicating continued optimism among market participants.

Views by: Kunal Shah, Senior Technical & Derivative analyst at LKP Securities

3:46 PM

Comment :: ' USD/INR witnessed steep fall on account of interest rates being cut in 2024'

The buoyancy continued in the market as investors were expecting the clouds over US economic growth to recede by H2CY24 and that the economy would achieve a soft landing aided by normalization in monetary policy.

The USD/INR witnessed a steep fall on account of the prospects of interest rates being cut next year. The IT index outperformed expectations of a rise in demand in the US economy.

Views by: Vinod Nair, Head of Research at Geojit Financial Services. 

3:44 PM

Currency check :: Rupee soars 33 paise, ends at 83/$

3:43 PM

SmallCap Heatmap :: Index hits record high of 42,219 in early hours, ends 0.6% up

3:42 PM

MidCap Heatmap :: Index ends mildly in red after hitting record high of 36,421 intraday

3:40 PM

Nifty Heatmap :: IT stocks dazzle on the bourses; HCL Tech, Infy lead the rally

3:39 PM

CLOSING BELL :: Nifty nears 21,500 intraday; ends at 21,492

3:37 PM

CLOSING BELL :: Sensex ends nearly 1,000 points higher

>> Hits record high of 71,606 intraday

3:20 PM

US stock futures:: Dow up 115 pts; Nasdaq 55 pts

Source: Investing.com

3:10 PM

Global check:: Major European markets up over 0.5% day after ECB says rates to remain elevated for longer

Source: Yahoo Finance

3:00 PM

SBI hits new high after a gap of 1 year; stock surges 5% in 3 days

State Bank of India, on Wednesday, said it will be signing EURO 70 million Line of Credit with KfW (German Development Bank) for supporting Solar PV projects in India. READ MORE

 

2:48 PM

ALERT:: Steel stocks soar up to 11%; NMDC Steel up 4%

2:34 PM

ALERT:: BSE MidCap index slips into red; JSW Energy dips 3%, TVS Motor 2%

2:22 PM

India's trade deficit fell to $20.58 billion in Nov as imports shrank 4.3%

India's merchandise trade deficit fell to $20.58 billion in November, according to government data released on Friday. It was primarily driven by a fall in imports, by 4.3 per cent, to $54.48 billion as compared to $56.95 billion in the same month last year. READ MORE

2:07 PM

Defence ministry signs over Rs 5,300 cr deal with Bharat Electronics Ltd

It said the project aims to achieve self-sufficiency in ammunition manufacturing, obtain critical technologies, and secure stock affected by supply chain disruption. READ MORE