business

Live: Indian market in high spirits; Santa rally here to stay? Hero Moto & PVR Inox in focus

The market made a remarkable journey on December 14, with coming back strongly after six-day consolidation and climbed to a new high on the benchmark indices as well as Bank Nifty. Given the strong momentum and holding 20,850 as a strong support in the past six days on closing basis, the Nifty50 is likely march towards 21,400-21,500 levels in coming sessions with sector rotation support, experts said. On December 14, the BSE Sensex hit 70,500 levels for the first time, rising 930 points to 70,514 after dovish commentary by the Federal Chair Jerome Powell, while the Nifty 50 hit a new high of 21,211 and closed at new all-time high of 21,183, up 256 points. The index has formed bullish candlestick pattern on the daily charts, after strong gap up opening. The broader markets continued northward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 1.3 percent and 0.9 percent respectively. This morning global cues are solid with Dow notching yet another record close and the GIFT Nifty hinting at a fantastic Friday for Dalal Street as it trades above the 20,400 mark. Also among stocks in focus today, we put the spotlight on Hero Motocorp, M&M Finance & PVR Inox among others. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder, NeoTrader & Trading Influencer and Mayuresh Joshi--Head of Equity Research, William O’Neil India.

first published: Dec 15, 2023 08:39 am