The Indian benchmark indices snapped four-day losing streak and ended strong with Nifty closing above 25,900 led by buying across the sectors and increased hopes for further rate easing by Federal Reserve going ahead post-soft US inflation data.
At close, the Sensex was up 447.55 points or 0.53 percent at 84,929.36, and the Nifty was up 150.85 points or 0.58 percent at 25,966.40.
The broader indices outperformed the main indices with BSE midcap and smallcap indices rising 1 percent each.
In this week, BSE Sensex and Nifty50 fell 0.3 percent each.
Also Read: Accenture Q1 signals stable demand but execution pressure for Indian IT firms
Biggest Nifty gainers were Shriram Finance, Max Healthcare, Bharat Electronics, Power Grid Corp, Tata Motors Passenger Vehicles, while losers included HCL Technologies, Adani Enterprises, Hindalco, JSW Steel, Kotak Mahindra Bank.
All the sectoral indices ended in the green with auto, pharma, oil & gas, realty, telecom, healthcare rose 0.5-1 percent.
Also Read: FIIs dump financials, IT, FMCG in early December; oil & gas, metals, auto see buying
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 85,567.48 | 638.12 | +0.75% |
| Nifty 50 | 26,172.40 | 206.00 | +0.79% |
| Nifty Bank | 59,304.00 | 234.80 | +0.40% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Shriram Finance | 934.85 | 33.15 | +3.68% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| SBI | 974.30 | -6.00 | -0.61% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty IT | 39488.00 | 796.40 | +2.06% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 8376.45 | 19.15 | +0.23% |
In stock-specific action, Reliance Industries shares rose 1.4% after its arm picked majority stake in Udhaiyams Agro Foods, Pharma and healthcare stocks jumped after US Senate passed Biosecure Act, Niraj Cement Structurals shares gained 6% on getting order worth Rs 322.27cr, Biocon shares added 1% on EIR from USFDA for US facility, NBCC India shares rose 5% on wining Rs 179 crore order.
Shriram Finance shares rose 4% after Rs 39,600-crore MUFG deal, BLS International shares rose 2% as Delhi HC sets aside govt order debarring company from tenders, Gujarat Ambuja Exports shares added 6.5% on commencing commercial production at Hubli, Karnataka plant.
Also Read - ICICI Prudential AMC delivers second-best returns among over Rs 10,000-crore IPOs of 2025
More than 170 stocks hit 52-week low, including Sumitomo Chemical, Tejas Networks, AAVAS Financiers, HFCL, SKF India, United Breweries, Afcons Infra, Westlife Food, Sanofi India, Ramkrishna Forging, Page Industries, NCC, SJVN, Patanjali Foods, among others. Click to View More
Nearly 100 stocks hit 52-week high, including Shriram Finance, Laurus Labs, Ashok Leyland, IDFC First Bank, Titan Company, Federal Bank, India Cements, Hindalco Industries, Hindustan Copper, among others. Click to View More
New ListingICICI Prudential AMC, an arm of the ICICI Bank, made a strong debut at Rs 2,600 per share on the NSE, with more than 20 percent premium over its initial public offer (IPO) price. The share price ended the session at Rs 2,576.40, up Rs 411.40, or 19.00 percent.
Outlook for December 22Rupak De, Senior Technical Analyst at LKP SecuritiesThe Nifty has witnessed a breakout from a falling wedge pattern, indicating improving market sentiment. Additionally, the index has reclaimed the 21-day EMA on the daily chart. After finding support near the 50-day EMA, the index recovered towards the 26,000 mark.
Going forward, 26,000 will be a key level to watch; a decisive move above this level could propel the index towards 26,300. On the downside, immediate support is placed at 25,900, which is likely to act as the first line of defense for the Nifty.
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