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Nifty50: Market Watch: Nifty can hover around 18,600 for a while | The Economic Times Podcast

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

Indecisiveness was palpable on Dalal Avenue on the primary day of the December expiry sequence on Friday, with Sensex and Nifty ending flat close to report excessive ranges. Features in auto and IT shares have been offset by declines in banking shares.

The 30-share Sensex ended 21 factors larger at 62,258, whereas its broader peer, Nifty50, ended above the 18,500 mark.

Amongst Sensex shares, Reliance, Wipro, Axis Financial institution, IndusInd Financial institution, Tech Mahindra, Tata Metal, Maruti and M&M have been the highest gainers in in the present day’s session, rising about 0.5-1%. L&T, NTPC, ITC, TCS, Energy Grid and UltraTech Cement additionally closed larger.

However, Nestle, Kotak Financial institution, ICICI Financial institution, Bajaj Finance, Titan, HCL Tech, and HDFC Financial institution closed decrease.

Earlier in Asian markets, Japan’s Nikkei 225 fell 0.35% and South Korea’s Kospi plunged 0.14% whereas China’s Shanghai Composite rose 0.40%. The Indian rupee declined 0.07% to finish at 81.68 per US greenback amid tepid danger urge for food in Asian foreign money markets, whereas the Brent crude January futures rose 1.72% to $86.82/barrel.

The market breadth was skewed in favour of bulls. About 2,113 shares gained, 1,388 declined, and 131 remained unchanged.

Mr Gaurav Ratnaparkhi of Sharekhan stated the benchmark index can hover across the all-time excessive of 18604 for some time.

That’s all for now. Do try ETMarkets.com 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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