FIRST TRADE: Nifty hits record high, Sensex up over 100 pts amid broad-based buying

Stock market today: Domestic equity benchmarks Sensex and Nifty 50 continued to rise on Tuesday, December 12, with the 50-scrip blue-chip index once again scaling a record high amid broad-based buying. Dalal Street took positive signals from global markets, with a rise in its Asian peers ahead of crucial inflation data and a key rate decision by the Fed due this week. 

The Nifty50 gained as much as 40.8 points, or 0.19 per cent, to cross an existing peak of 21,026.10 and register a fresh high of 21,037.9, and the Sensex rose 105.11 points, or 0.15 per cent, for the day to touch 70,033.64, coming within 24.19 points of an all-time high registered the previous day. 

The high-beta Nifty Bank added 139.75 points or 0.30 per cent to touch 47,454 on the upside and trade within 134 points of an all-time high registered the previous day. 

Broader indices Nifty Midcap 100 and Smallcap 100 mirrored the positive trend in headline indices, rising as much as 0.43 per cent and 0.68 per cent, respectively. .

BUZZING STOCKS

• Dixon Technologies shares were up nearly five per cent on BSE after the company said its subsidiary had bagged a manufacturing contract from Lenovo under the PLI 2.0 scheme
• RVNL shares were up over two per cent after the company was declared the lowest bidder for a Rs 543 crore order from Madhya Pradesh Metro Railway Corporation
• Spandana Sphoorty Financial shares gained one per cent on BSE after it put forward its vision for 2028; the company aims to take its AUM from Rs 9,784 crore to Rs 28,000 crore
• Fedbank Financial Services shares rose two per cent after the company posted good results for the September quarter
• Sterling and Wilson Renewable Energy shares gained over three per cent after the company launched an QIP at an issue price of Rs 365.02 apiece
• Mankind Pharma shares were down three per cent after 3.04 crore shares changed hands in a block deal

GLOBAL MARKETS 

Asian shares crept higher on Tuesday while the dollar eased as investors stayed cautious ahead of a crucial US inflation report later in the day that will set the tone for the week filled with central bank meetings. MSCI's broadest index of Asia Pacific shares outside Japan was up 0.45 per cent at the last count. Japan's Nikkei 225 benchmark was up 0.18 per cent.  

The Fed is widely expected to hold rates on Wednesday, with the spotlight squarely on comments from Chair Jerome Powell during his press conference as well as the US central bank's dot plot and summary economic projections.

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