Sensex closes at 69584, while Nifty ended at 20936 on Wednesday trade

Sensex closes at 69584, while Nifty ended at 20936 on Wednesday trade

VoM News Desk | December 13, 2023 | 04:03 PM IST | Breaking News | Follow on Google News

Sensex closes at 69584, while Nifty ended at 20936 on Wednesday trade

Sensex closes at 69584, while Nifty ended at 20936 on Wednesday trade

In a cautious stance awaiting the US Federal Reserve’s interest rate decision, benchmark share indices closed nearly flat. The Sensex marginally gained by 0.05% to settle at 69584.60, while the Nifty rose by 0.1% or 19.95 points to end at 20936.

Although the indices dipped initially with a notable drag in IT stocks by over 2%, they managed to recover from the losses later in the session.

The market sentiment was affected by both domestic and U.S. inflation data, triggering concerns among traders about a potential delay in interest rate cuts.

India’s retail inflation surged to 5.55% in November, marking its fastest increase in three months. While this figure surpassed the RBI’s 4% target, it remains within the acceptable range of 2-6% for the third consecutive month.

The Indian rupee concluded steady against the US dollar, standing at 83.40.

Globally, shares reflected a mixed trend on Wednesday, with investors eagerly anticipating the Federal Reserve’s final policy decision of the year.

MSCI’s index of Asia-Pacific shares outside Japan declined by 0.7%. In contrast, Eurostoxx 50 futures saw a minor slip of 0.02%. Meanwhile, S&P 500 futures experienced a slight uptick of 0.1%, and Nasdaq futures rebounded by 0.17%.

The global market sentiment remained somewhat uncertain, primarily driven by the anticipation surrounding the Fed’s decision and hints regarding potential rate adjustments in the upcoming year.

Sensex closes at 69584, while Nifty ended at 20936 on Wednesday trade: For any Query or any other question

VoM News Desk

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