Stock Markets Highlight: Sensex, Nifty end with marginal gains as focus shifts to Fed outcome
Stock Markets Today News: Benchmark indices Sensex and Nifty ended with gains on Wednesday, extending the previous day rally amid lower level of inflation on domestic front and better-than-expected inflation readings from the US.
The 30-share BSE Sensex climbed 144.61 points or 0.23 per cent to settle at 62,677.91. During the day, it jumped 301.81 points or 0.48 per cent to 62,835.11.
The broader NSE Nifty advanced 52.30 points or 0.28 per cent to end at 18,660.30.
From the Sensex pack, Tech Mahindra, Tata Steel, NTPC, IndusInd Bank, State Bank of India, Power Grid, HCL Technologies, Tata Consultancy Services and Larsen & Toubro were the major winners.
Nestle, Bharti Airtel, ICICI Bank, Asian Paints, Hindustan Unilever and UltraTech Cement were among the laggards.
Stock Markets Today News: Benchmark indices Sensex and Nifty ended with gains on Wednesday, extending the previous day rally amid lower level of inflation on domestic front and better-than-expected inflation readings from the US.
The 30-share BSE Sensex climbed 144.61 points or 0.23 per cent to settle at 62,677.91. During the day, it jumped 301.81 points or 0.48 per cent to 62,835.11.
The broader NSE Nifty advanced 52.30 points or 0.28 per cent to end at 18,660.30.
From the Sensex pack, Tech Mahindra, Tata Steel, NTPC, IndusInd Bank, State Bank of India, Power Grid, HCL Technologies, Tata Consultancy Services and Larsen & Toubro were the major winners.
Nestle, Bharti Airtel, ICICI Bank, Asian Paints, Hindustan Unilever and UltraTech Cement were among the laggards.
Latest Updates
Bank Nifty hits record high on the backdrop of financials which continues to outperformance
Financials continue to outperform on the back of strong credit growth, where non-food bank credit grew 18.3 per cent in Oct 2022 vs 6.9 per cent a year back, along with improving balance sheets, where most of the provisioning for bad assets is behind us with improving NIMs due to increasing interest rates where assets are getting re-priced faster than liabilities for banks.
"We expect this outperformance for banks and the tailwind for the sector to continue for 2023. In the short term, after yesterday's inflation print in the US, there is an expectation in some quarters that the US Fed might turn less hawkish in the upcoming policy, which will support the markets. Our base case for Fed Policy on 14th December is a 50bps hike. If the hike is lower than that, we expect the risk assets, including emerging markets like India, to outperform in the near term," said Nishit Master, Portfolio Manager, Axis Securities PMS.
Stock Market Live: Chartbuster of 2023
टेक्निकल चार्ट्स पर किस शेयर में मिलेगा दमदार रिटर्न
देखिए 2023 के CHARTBUSTER में https://t.co/iLX2qwe0Lz के आशीष केलकर की राय...@Neha_1007 | #ZeeBizNewYear | #NewYear2023 | #StockMarket | @AshishKelkar12
देखिए #ZeeBusiness LIVE यहां pic.twitter.com/dY1QRGi2BY
— Zee Business (@ZeeBusiness) December 14, 2022
Stock Market Live: Check Sanjiv Bhasin's strategy
Buy Tata Power, Samvardhana Motherson; book profit in PSU banks - check price targets READ MORE
Stock Market Today Live: Expert view on Bank Nifty hitting record high
The leader of the current bull market is Banknifty, and it is continuing its leadership aggressively. According to Santosh Meena, Head of Research, Swastika Investmart Ltd., he fundamentals are also supporting the move in the banking index, and the outperformance is likely to continue for the next few quarters.
"However, frenzy-like moves in small banks may cool off, but the overall outlook for the banking industry remains positive. SBI and ICICI Bank may continue to provide support, whereas HDFC Bank and Kotak Bank may also catch up momentum. Technically, 44200 is an immediate hurdle, and 44700/45000 are the next resistance levels. On the downside, 43500 is an immediate and strong support at any profit booking, and 42000 will act as a base at any correction," Meena added.
Stock Market Live Today: M&M on electric vehicles
M&M says its investment of Rs 10,000 crore for electric vehicles has been approved under the Maharashtra Government’s industrial promotion scheme.
Stock Market Live: Anil Sighvi's Exclusive interaction with EKI Energy Services
EKI एनर्जी के मैनेजमेंट से बातचीत
ऊर्जा संरक्षण (संशोधन) बिल 2022 पर बात
आगे के लिए क्या है आउटलुक?
किस सेगमेंट पर कंपनी का खास फोकस?
देखिए #EKIEnergyServices के CMD & CEO मनीष डबकारा से @AnilSinghvi_ की बातचीत
@manishdabkara1 @EKIEnKing pic.twitter.com/gA8bjHpwz2
— Zee Business (@ZeeBusiness) December 14, 2022
Stock Market LIVE: Top gainers and losers
Stock Market LIVE: Top gainers and losers
BUY Bank Nifty CALL Option: Aaj Ke 2000 By Anil Singhvi
Stock Markets LIVE: Rupee slips 4 paise
Rupee slips 4 paise to 82.64 against US dollar in early trade.
Stock Markets Live Today: Sensex, Nifty open in green
Stock Markets Today: Slowdown in US inflation
Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.
Consumer prices rose 7.1 per cent in November from a year ago.
Oil rises to over $80/bbl
Oil settled over $80 a barrel on Tuesday and recorded its biggest daily gains in over a month, as investors bought up risk assets after U.S. data pointed to slowing inflation.
Stock Markets Today Live: US stocks rise
U.S. stocks rose on Tuesday after a surprisingly small consumer price increase buoyed optimism that the Federal Reserve could soon dial back its inflation-taming interest rate hikes, but concerns remained the central bank could stay aggressive. According to preliminary data, the S&P 500 gained 28.75 points, or 0.72 per cent, to end at 4,019.31 points, while the Nasdaq Composite gained 111.56 points, or 1.00 per cent, to 11,255.29.
Stock Market LIVE Today: SGX Nifty hints for positive start
Stock markets are heading for a positive start today as SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - was up by over 97 points, or 0.52 per cent to trade at 18,798.