Indices End At Record High On US Stimulus, Brexit Agreement

On strong global cues i.e. after the US President Trump signed into law coronavirus stimulus package worth $2.3 trillion and post historic Brexit deal, market sentiment was upbeat. And after scaling fresh new highs in early morning deal, indices continued their upward rally with Sensex topping 47400 levels for the first time. At the close, Sensex settled higher by 0.81% or 380 points at 47354, while Nifty gained 0.90% or 124 points to 13873.

Indices End At Record High On US Stimulus, Brexit Agreement

Among sectoral gainers, Nifty Metal was the outlier gaining as much as 2.56% on the historic trade deal between the EU and the UK.

Among top gainers on the Nifty have been stocks like Tata Motors, JSW Steel, Titan Company, SBI Life and HDFC Life, while top losers include Shree Cements, HUL, Sun Pharma, Britannia and Cipla.

Shares of TCS hit their 52-week high price of during the session and its market cap surpassed Rs. 11 lakh crore mark.

Scrip of of Pilani Investments and Industries, an NBFC company, surged 15% to Rs. 2888.7 on the NSE ahead of 2:5 bonus issue. The stock will turn ex-date for bonus shares on Thursday, December 31. And the record date for bonus share issuance has been fixed at January 2.

Dixon shares also gained after the company inked an agreement with Motorola for manufacturing smartphones.

Meanwhile, European markets at the time of writing this copy traded firm with gains of over 1% on German DAX and French CAC. US stock futures also point to a higher opening in the US markets.

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