The Sensex, Nifty kick started the December series on a positive note. Positive global indices, rupee appreciation and also steel makers extended gains after the government imposed anti-dumping duties on some imports lifted the Indian share markets on Friday. The key benchmarks traded at high point as traders opened to buy beaten-down but fundamentally strong stocks amid firm global cues. The equity benchmark indices Sensex and Nifty reclaimed their psychological 26,300 and 8,100 levels respectively.
On the economy front, PM Narendra Modi pushed for the need to move towards a digital economy, emphasizing that people have the right to use their money, but that can also be done digitally.
The benchmark BSE Sensex which opened at 25,953.24 points, gained over 456 points to close at 26,316.34 from the previous close at 25,860.17 points. The NSE Nifty settled 148 points at 8,114. About 2034 shares have advanced, 599 shares have declined and 163 shares are unchanged today.
The Indian Rupee closed marginally higher by 0.27 paise at 68.42 per Dollar against the previous close of 68.73 per Dollar. Gold declined 143 points at Rs 28,603 per 10 gms and silver lost 43 points at Rs 40,269 per kg.
Asian stocks Updates: The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher by 1%. Nikkei 225 ended in green.
European stocks were trading over mostly in red due to lack of cues from the U.S. Markets. CAC 40 dropped 7.85 points at 4529, while FTSE 100 lost 7 points at 6821 and DAX slipped 17 points to 10672.
Top Gaines are TCS(5.23%), Infosys (4.78%), Sun Pharma(4.18%), GAIL(3.48%), Lupin(3.36%).
Top Losers are Bharti Infratel(1.33%), ACC(1.19%), Bajaj Auto(0.68%), Eicher Motors(0.66%), Bharti Airtel(0.46%).