FINAL TRADE: Nifty ends at 21,453, Sensex soars 122 pts; oil & gas stocks rise
Stock market today: Domestic blue-chip indexes Nifty 50 and Sensex finished in green on Tuesday, December 19, amid recovery towards the end of the session. Buying in oil & gas and FMCG stocks offset the decline in financials and IT stocks.
Stock market today: Domestic blue-chip indexes Nifty 50 and Sensex finished in green on Tuesday, December 19, amid recovery towards the end of the session. Buying in oil & gas and FMCG stocks offset the decline in financials and IT stocks.The Nifty index ended 34.45 points, or 0.16 per cent, higher at 21,453.1, and the Sensex finished the day 122.1 points, or 0.17 per cent, stronger at 71,437.19, after each staged a spectacular rally to life-time highs during the session. The 50-scrip barometer crossed the 21,500 mark for the first time ever in intraday trade.The high-beta Nifty Bank index, whose 12 constituents include SBI, HDFC Bank, and ICICI Bank, finished the day flat, 3.2 points, or 0.01 per cent higher at 47,870.9.
Amid broad market indices, Nifty Mid-cap 100 and Nifty Small-cap 100 finished in red, down 0.38 and 0.12 per cent, respectively.
Coal India, Nestle India, NTPC and Tata Consumer Products were among the top gainers in the Nifty basket, trading with gains of around 6-2 per cent. On the other hand, Adani Ports, Wipro, Adani Enterprises and UPL were among the top losers, down nearly 2 per cent.
"The broader market sustained its optimism, but the incremental rally is contracting. Investors are cautious ahead of the Eurozone inflation data announcement, which is forecast to drop marginally. The dovish stance by BOJ maintained the market sentiments," Vinod Nair, Head of Research at Geojit Financial Services said.
"Amid this, the price of oil stabilized as the US government announced plans to protect the shipping route through the Red Sea. After the recent rally of growth stocks, investors are exhibiting interest in consumption stocks as a bargain strategy," he added.
Global Market
European shares rose on Tuesday, led by technology, travel, and leisure stocks, with investors gearing up for an inflation printout of the euro zone to gauge when interest rate cuts might begin next year. The pan-European STOXX 600 gained 0.3 per cent by 0818 GMT after a retreat on Monday. Investors now await the euro zone's final November inflation print due during the day while keeping an eye out for US personal consumption expenditure data later this week after the Federal Reserve's dovish shift recently boosted bets on nearing rate cuts, steering strong gains in stocks globally.
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04:04 PM IST