Flat finish for Sensex, Nifty, yet frontline indices end at lifetime highs

Market Closing: Indian markets ended the day flat, though managing a life time high on the closing basis. S&P BSE Sensex and Nifty50 also scaled their all time highs of 62447.73 and 18,534.90, respectively, in the process. While the former settled at 62,293.64, up 21 points, the latter finished at 18,512.75, up 28.65 or 0.15 per cent.

Today marks the start of December series.

Bank Nifty closed at 42,983.95, lower by 91 points or 0.21per cent.

The top gainers on Nifty50 were HDFC Life, Tata Motors, Hero MotoCorp, Coal India and Reliance Industries the top losers were ICICI Bank, Nestle India, Kotak Bank, Titan and Britannia. In the 50-stock index, 28 advanced, 21 declined while 1 remained unchanged. India VIX, a measure of volatility in Nifty declined 1 per cent to 13.33.

Notwithstanding the dull trading session for the benchmark indices, Nifty Mid Cap 100 and Nifty Small Cap Index 100 finished with gains of nearly 1 per cent. BHEL, GSPL and PB Fintech were top gainers among the mid caps while Varun Beverages, Union Bank and Indian Bank closing the day as top losers.

Indiabulls Housing Finance was the star performer among the small caps with over 11 per cent gains. RVNL and Suzlon were other major gainers. Ease My Trip, Elgi Equipments and Campus were top losers.

Also Read: Stock Market Today Highlights: Sensex, Nifty close at new record highs, HDFC Life, Tata Motors top gainers

Rupee ends flat at 81.70 (provisional) against US dollar.

“The Rupee rose  today after staying in a range of 81.65 to 81.90 in the last 5 days as dollar index was stable at 105.84, Asian currencies fell from yesterdays highs and  Brent Oil rose by a dollar to $ 86.06 levels. At higher level of  the rupee  i.e. 81.43 there was some good dollar buying as cash dollar shortage continues to hamper the rise in rupee. The 1 year premiums further fell to 2.08% as market continued to receive premiums bringing them down. It was quiet day of trade as  Sensex and Nifty were flat while broader markets faired better. The US 10 year was still at 3.69% as market approaches the FOMC meeting on 14th Dec, the last major event of the year. Euro, GBP and JPY were all up though down from there morning highs giving an opportunity for exporters to sell their receivables in these currencies,” Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors LLP said.

The range for tomorrow should be between 81.20 to 81.80, he added.

International oil benchmark Brent crude was trading 0.23 per cent higher at USD 85.54 per barrel. Foreign Institutional Investors (FIIs) turned buyers as they bought shares worth Rs 1,231.98 crore on Thursday, as per exchange data.