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Live: RBI cracks whip on lenders investing in AIFs – what it means| Blackstone to exit embassy REIT

The Nifty 50 surpassed the much-awaited 21,500 mark for the first time on December 19, but could not sustain above the same. This is expected to remain as a key resistance area for the index going forward as sustaining above the same can be a start for another leg of upward momentum in coming sessions, below the same consolidation can be seen and 22,300-22,200 can remain good support for the index, experts said. On December 19, the rebound in the afternoon after correction in the morning session helped the market close moderately higher. The BSE Sensex rose 122 points to 71,437, while the Nifty 50 advanced 34 points to 21,453. This morning global cues are extremely positive with Dow clocking a ninth straight day of gains and Asian markets edging higher in trade. The GIFT Nifty is hinting at a gap up start and a fresh high above the 21,600 mark. Also among stocks in focus today, we put the spotlight on Embassy REIT, Nippon AMC, Astral, Varun Beverages among others. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities and Kunal Valia, Founder of Stat Lane.

first published: Dec 20, 2023 08:47 am