Share Market Highlights: The Indian stock market closed in the green today, Thursday, December 11, ending its four consecutive sessions of decline. At the end of trading, Sensex closed at 84,818.13 with a rise of 426.86 points or 0.51 per cent and Nifty closed at 25,898.55 with a rise of 140.55 points or 0.55 per cent. The rise in the stock market was led by auto and metal stocks. Nifty Auto closed with a rise of 1.11 percent and Nifty Metal closed with a rise of 1.06 percent. Nifty IT closed with gains of 0.81 percent, Nifty PSU Bank 0.51 percent, Nifty Pharma 0.98 percent, Nifty Realty 0.75 percent and Nifty Infra 0.37 percent.
Along with largecaps, midcaps and smallcaps also saw a rise. The Nifty Midcap 100 index was at 59,578.05, up 570.30 points or 0.97 per cent, and the Nifty Smallcap 100 index was at 17,228.05, up 137.90 points or 0.81 per cent.
Today’s Top Gainers and Losers
Eternal (Zomato), Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Maruti Suzuki, Sun Pharma, Tech Mahindra, HDFC Bank, Infosys, M&M, Trent, HCL Tech and HUL were the gainers in the Sensex pack. Asian Paints, Bharti Airtel, Bajaj Finance, Power Grid, Axis Bank, ICICI Bank, Titan and Bajaj Finserv were the losers.
Nifty rises despite weak start
Sudeep Shah, Head of Technical and Derivatives Research, SBI Securities, said Nifty showed weakness in the beginning but performed strongly in later trade and managed to close near 25,900. He further said that the zone of 25,750 to 25,730 is an important support for Nifty and if the index slips below this level then it can even go up to 25,730. The level of resistance for this is 25,950 to 26,000.
How was the start of the stock market on Thursday?
amid mixed global signals indian stock market Opened flat on Thursday. At 9:18 am, Sensex was at 84,379 with a slight fall of 12 points and Nifty was at 25,762 with a weakness of 2 points. Today the auto index registered a rise of more than 1 percent. There was a slight decline in the Media and Oil & Gas indices, apart from this, all the indices were strongly up.
Let us tell you that senior market expert Deven Choksey had warned on Wednesday that the earthquake in mid and small cap stocks in the domestic stock market is troubling the investors. At present investors need to be cautious about these segments.
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Silver price reached all time high
Silver made a new price of Rs 1,91,800 in the domestic market all time high Touched. In the international market too, prices reached a record level above $62. Gold fell by Rs 300 to close below Rs 1,29,700, while crude oil is trading marginally above $62.
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