Stock Market Live Updates: Market Rally Continues; Sensex Soars 810 Pts, Nifty Near 24,700 Ahead of RBI Policy

The Indian stock market extended its winning streak into the fifth consecutive session on December 5, with benchmark indices closing on a strong note. The Sensex climbed 809.53 points (1.00%) to 81,765.86, while the Nifty gained 240.95 points (0.98%) to settle at 24,708.40.

Market breadth reflected a mixed sentiment, with 2,050 stocks advancing, 1,758 declining, and 113 remaining unchanged. Among the top gainers on the Nifty were TCS, Infosys, Titan Company, Trent, and Dr. Reddy's Labs, while SBI Life Insurance, Bajaj Auto, HDFC Life, NTPC, and Grasim Industries ended among the laggards.

Most sectoral indices ended in the green, led by a robust 2% gain in the Information Technology (IT) index. However, the Realty and PSU Bank indices saw declines due to profit booking. The broader BSE Midcap and Smallcap indices posted marginal gains, reflecting cautious optimism in the mid and small-cap segments.

The Indian rupee remained flat, closing unchanged at 84.73 per dollar compared to the previous session, reflecting stability in the currency market amid volatile global cues.

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Dec 05, 2024, 4:06 pm IST

Market Ends With Gains For 5th Day

The Indian stock market extended its winning streak into the fifth consecutive session on December 5, with benchmark indices closing on a strong note. The Sensex climbed 809.53 points (1.00%) to 81,765.86, while the Nifty gained 240.95 points (0.98%) to settle at 24,708.40.

Dec 05, 2024, 1:11 pm IST

Sensex, Nifty Recover

Currently, Sensex surged by 508 points to trade at 81,463.89, while Nifty jumped 130 points to trade at 24,597.40.

Dec 05, 2024, 11:57 am IST

RBI Policy Expectations

The Reserve Bank of India (RBI) is likely to keep repo rate unchanged for the eleventh time in a row. The reason by a group of economists is attributed to be the sharp surge in the CPI inflation rate, and the slowest growth in the economy in two years. Further, RBI is predicted to hike its inflation target and lower GDP forecast for upcoming quarter, as per a poll of 30 economists conducted by GoodReturns.In. The easing cycle in key interest rates is estimated to begin from February 2025 policy, which will be the first RBI rate cut in 2 years.

Dec 05, 2024, 11:08 am IST

All Banking Stocks Under Pressure

Banking stocks were under pressure ahead of RBI's policy outcomes. Stocks like HDFC Bank, Canara Bank, IndusInd Bank, Bank of Baroda, Yes Bank and Axis Bank were down by nearly 1%.

Dec 05, 2024, 10:00 am IST

Indraprastha Gas to Discuss Bonus Shares on December 10

Indraprastha Gas' board will convene on December 10 to consider the issuance of bonus shares to its equity shareholders.

Dec 05, 2024, 9:43 am IST

Bharat Forge Announces QIP with Floor Price of Rs 1,323.54 per Share

Pune-based Bharat Forge has initiated a Qualified Institutions Placement (QIP) on December 4, with a floor price set at Rs 1,323.54 per share.

Dec 05, 2024, 9:39 am IST

Rupee Opens Little Changed Against Dollar

The Indian rupee opened flat at 84.74 per dollar on Thursday, compared to the previous day's close of 84.73.

Dec 05, 2024, 9:35 am IST

Market Opens With Gains

Amid mixed global signals, Indian indices opened on a positive note on December 5, with the Nifty surpassing the 24,500 mark.

Dec 05, 2024, 8:19 am IST

Oil Prices Edge Higher as Markets Await OPEC+ Supply Decision

Oil prices gained momentum on Thursday ahead of a key OPEC+ meeting, with investors closely watching potential moves on supply cuts and ongoing tensions in the Middle East. Brent crude futures rose 12 cents (0.2%) to .43 a barrel, while U.S. crude futures increased by 16 cents (0.2%) to .70 a barrel. This recovery follows a nearly 2% decline in both benchmarks on Wednesday.

Dec 05, 2024, 8:19 am IST

Asian Markets Mixed: Nikkei and Straits Times Gain, Hang Seng Drops 1%

Asian equities showed a mixed performance on Thursday, following a global rally fueled by Federal Reserve Chair Jerome Powell's optimistic remarks that bolstered risk appetite. While Japan's Nikkei and Singapore's Straits Times advanced, Hong Kong's Hang Seng index slipped by 1%.

Dec 05, 2024, 8:19 am IST

GIFT Nifty Signals Flat-to-Negative Opening for Indian Market

GIFT Nifty trends suggest a subdued start for the Indian stock market, with a marginal decline of 21.50 points or 0.09%. Nifty futures were trading near the 24,524 level, indicating cautious sentiment ahead of the trading session.

Dec 05, 2024, 8:18 am IST

US Stocks Rally as Wall Street Hits Record Highs Amid Political Turmoil

A surge in US tech stocks and hopes for lower interest rates propelled global markets higher on Wednesday, even as political unrest in South Korea and France created a backdrop of uncertainty. Wall Street's key indices closed at record highs, buoyed by gains in the tech sector and dovish remarks from Federal Reserve officials. The S&P 500 climbed 0.6% to close at 6,086, while the Nasdaq Composite soared 1.3% to 19,735. The Dow Jones Industrial Average also advanced 0.7%, reaching 45,014. Meanwhile, the Euro and the Dollar held steady.