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Live: Nifty to consolidate after positing best winning streak since 2020 | Opening Bell

Nifty might not witness any major moves in today’s trading session after scaling best stretch of weekly gains in nearly three years. All eyes will be now on FOMC meeting to provide further direction to D-Street. Investors widely expect the FOMC (Federal Open Market Committee) to hold interest rates steady at its meeting. The FOMC interest rate decision will be announced on December 13. In today’s session, Real estate stocks will be in focus after Oberoi Realty gets a downgrade from Morgan Stanley; Tata Motors’ plan to hike CV prices, GQG entry in GMR infra and Softbank’s exit from Zomato amongst other things. Seven IPOs will be hitting the main board and SME segment this week; raising a whopping Rs 3,000-3,500 crore. From mainboard, Doms Industries, India Shelter Finance, Cryogenic storage tanks manufacturer Inox India brace for the rush. In SME Segment, the name includes, Presstonic, S J Logistics, Shree OSFM, Siyaram and Microcrystalline cellulose maker Accent Microcell. Catch Moneycontrol's Nickey Mirchandani with Prashant Sawant, Founder Catalyst Wealth and Anirudh Garg Partner and Head of Research at Invasset, PMS.

Moneycontrol News
December 11, 2023 / 09:05 IST
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TAGS: #BSE #live #Nifty #NSE #opening bell #video
first published: Dec 11, 2023 09:05 am

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