Last Updated: December 27, 2022, 11:22 IST
Stock Market Live News Update
Sensex Today: Domestic markets started Tuesday’s trade on a positive note, amid strong domestic flows and steady global mood.
Sensex Today: Domestic markets started Tuesday’s trade on a positive note, amid strong domestic flows and steady global mood. Key indices Nifty50 climbed over 50 points to trade above 18,050 levels, whereas the S&P BSE Sensex advanced over 250 points to trade at 60,852 levels.
Broader markets, too, rose in unison as Nifty SmallCap 100 and Nifty MidCap 100 indices jumped up to 1 per cent.
All sectors started trade on a positive note, with Nifty Media, Nifty Metal, and Nifty PSU Bank indices gaining up to 1 per cent.
Among individual stocks, shares of NTPC gained over 1 per cent after the company inked pact with Italy-based Maire Technimont Group’s Indian subsidiary to evaluate green methanol production facility in India.
Besides, shares of Suven Pharma surged over 1 per cent after global private equity giant Advent International bought 50.1 per cent stake in the company for Rs 6,313 crore.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said: “Major part of the 320 point cut in Nifty on Friday has been reversed by the 207 point rally yesterday. Covid scare played an important role in the correction on Friday which saw sharp cuts on banking and hotel stocks and rally in pharma stocks. This trend has reversed with Covid fears receding now. Looks like 2022 is heading for a less volatile end. The New Year is likely to begin on an optimistic note with Q3 results and budget expectations influencing market moves. Results from the banking and capital goods segment would be good since bank credit growth and capex are the two strong themes in the economy now. Banking majors have the potential to move up further from present levels. In IT investors would be keenly watching the guidance from the management rather than the Q3 results which will be good.”
Global Cues
Stock markets gained while the US dollar softened on Tuesday after China said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing COVID-19.
Tokyo shares opened higher on Tuesday, trading in a narrow range as the market lacked fresh clues during winter holidays. The benchmark Nikkei 225 index rose 0.62 percent, or 164.91 points, to 26,570.78 at the open, while the broader Topix index climbed 0.60 percent, or 11.50 points, to 1,914.02.
US equity futures inched up this morning as traders head towards the final days of 2022. Dow Jones futures, the S&P 500 futures, and NASDAQ futures rose up to 0.6 per cent.
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