Friday, December 2, 2022
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HomeMarketStocksIndian shares: Market Watch: Will Nifty cross 18,600 on Friday? | The...

Indian shares: Market Watch: Will Nifty cross 18,600 on Friday? | The Economic Times Podcast

Welcome to ETMarkets Watch, your every day wrap-up to the day on Dalal Avenue. I’m Nikhil Agarwal.

A contemporary spherical of optimism over a potential Fed pivot and agency international cues gave Dalal Avenue bulls a shot within the arm. Late-hour shopping for in home markets drove BSE barometer Sensex to a brand new all-time excessive of 62412.33 on Thursday.

The 30-pack index, which rallied practically 900 factors intraday, settled at its new closing excessive of 62,272.68, up 762.10 factors or 1.24%.

In the meantime, its NSE counterpart, Nifty50, settled 216.85 factors or 1.19% increased at 18,484.10. The index hit a brand new 52-week excessive of 18,529.70 earlier immediately.

Dalal Avenue traders had been left richer by Rs 2.46 lakh crore immediately because the market capitalisation of all BSE-listed shares hit Rs 283.9 lakh crore.

Earlier in Asian markets, Japan’s Nikkei 225 superior 0.95%, South Korea’s Kospi surged 0.96%, whereas China’s Shanghai Composite declined 0.25%. Within the final buying and selling session, US markets closed within the inexperienced. Dow Jones Industrial Common rose 1.08%, S&P 500 surged 0.59%, and Nasdaq Composite superior 0.99%. The US markets are closed immediately for the Thanksgiving vacation.

Brent crude futures fell 0.3% to $85.13. U.S. crude oil futures eased 0.2% to $77.74/barrel.

The Indian rupee rose to 81.63 to the US greenback from 81.8450 within the earlier session, amid the broad decline within the US greenback after Federal Reserve minutes reaffirmed expectations of a down-shift within the tempo of fee hikes.

Mr Gaurav Ratnaparkhi of Sharekhan stated the index is now eyeing an all-time excessive of 18604. This would be the make or break stage to be monitored on a closing foundation, which is able to decide additional plan of action not solely from a short-term perspective but additionally for the medium time period.

That’s all for now. Do try for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Take pleasure in your night. Bye Bye.

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