Representational file picture.
| Photo Credit: Vivek Bendre
Stock markets prolonged positive aspects for a second day on December 22 following buying in IT shares and agency developments in the US markets.
The 30-share BSE Sensex climbed 241.86 factors or 0.34% to settle at 71,106.96. During the day, it jumped 394.45 factors or 0.55% to 71,259.55. The broader Nifty went up by 94.35 factors or 0.44% to 21,349.40.
Among the Sensex corporations, Wipro jumped over 6%, probably the most among the many frontline corporations. HCL Technologies, Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, Larsen & Toubro and JSW Steel had been the opposite main winners.
State Bank of India, Bajaj Finance, ICICI Bank, HDFC Bank, Axis Bank and IndusInd Bank had been among the many laggards.
Vinod Nair, Head of Research at Geojit Financial Services, “The ‘buy on dips’ strategy continues to drive investors during the subdued week. Mid and small caps remain in the limelight, benefiting from ease in oil prices and the anticipation of a potential rate cut in CY24, supported by slower-than-expected US GDP growth and weakness in the dollar, signalling early rate cuts.” In Asian markets, Tokyo settled with positive aspects whereas Seoul, Shanghai and Hong Kong Seoul ended decrease.
European markets had been buying and selling on a combined observe. The U.S. markets ended in the constructive territory on Thursday.
Global oil benchmark Brent crude climbed 1.01% to $80.19 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities price ₹1,636.19 crore on Thursday, based on alternate knowledge.
The BSE benchmark jumped 358.79 factors or 0.51% to settle at 70,865.10 on Thursday. The Nifty rallied 104.90 factors or 0.50% to 21,255.05.
