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LIVE: Fed sparks santa rally; Nifty scales new peak| IT surges to 8-month high| Mid-day mood check

Fed Holds Rates Steady & Hints at 3 Rate Cuts in 2024. The Nifty hits a new high, sparking a global rally, while the Nifty Bank achieves record-breaking numbers, nearing the 48,000 mark. We'll explore how mid and small-cap stocks mirror benchmark movements and analyze the green market landscape, notably led by the I.T. and realty sectors. Additionally, we'll discuss the surge in the I.T. index, the cooling off of the U.S. dollar index, and the impact of a 10-year yield below 4%. Stick around for insights on Nifty gainers including Tech Mahindra, Bajaj Finance, HCL Tech, Infosys, and Wipro, as well as losers like Power Grid, HDFC Life, BPCL, Nestle, Cipla, and Hero. Catch this mid-day market mood check with Nandita Khemka & Yatin Mota to know about all the movers and shakers in today’s session!

first published: Dec 14, 2023 12:41 pm

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