Indian Market Update and Global Trends

Indian Market Update and Global Trends

VoM News Desk | December 26, 2023 | 11:28 AM IST | Breaking News | Follow on Google News

Indian Market Update and Global Trends

Indian Market Update and Global Trends

The S&P BSE Sensex surged by 294.97 points or 0.41%, reaching 71,401.93 at 11 am during the morning trade, while the Nifty50 exhibited an upward trend, rising by 99.70 points or 0.47% to 21,449.10. Notably, Wipro, NTPC, M&M, Tata Steel, and Power Grid led the Sensex gainers, while Hero Motocorp, Divis Lab, Adani Enterprises, Wipro, and NTPC were the top gainers in the Nifty index.

However, several financial markets in countries like Australia, Hong Kong, Indonesia, and New Zealand remained closed on Tuesday due to public holidays. In the Indian market, the rupee is expected to remain range-bound in the last trading week of the year, taking cues from Asian currencies and US Treasuries. The rupee showed strength against the dollar, closing 0.17% higher at 83.14 on Friday, influenced by the robust performance of Asian currencies and significant dollar sales by major foreign banks.

In the last trading session, the Nifty 50 climbed 0.44% to 21,349.40, while the S&P BSE Sensex added 0.34% to 71,106.96. Meanwhile, the US stock market experienced a mixed close on Friday before the Christmas holiday weekend. The Dow Jones Industrial Average dropped by 18.38 points or 0.05% to 37,385.97. Conversely, the S&P 500 rose by 7.88 points or 0.17% to 4,754.63, and the Nasdaq Composite increased by 29.11 points or 0.19% to 14,992.97. Notably, both the Nasdaq and the Dow marked their lengthiest streak of consecutive weekly gains since the onset of 2019, indicating a positive trend in the markets.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.