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- By Aditya Pratap Singh
- Wed, 11 Dec 2024 04:19 PM (IST)
- Source:JND
Stock Market: The domestic benchmark indices Sensex and Nifty finished a bit higher after a highly volatile trade on Wednesday. The investors were kind of playing safe as they awaited further evidence on US inflation. The broader NSE Nifty rose 31.75 points, or 0.13 per cent, to end at 24,641.80 after snapping a three-day losing streak. Bajaj Finance, Nestle India, Bajaj Finserv, Asian Paints, UltraTech Cement, Infosys, Maruti, Bharti Airtel and Hindustan Unilever were among the top gainers in the 30-share Sensex pack.
JSW Steel, NTPC, State Bank of India, Axis Bank, Adani Ports, Tech Mahindra, Reliance Industries, Titan and HDFC Bank were the laggards. In the Asian markets, Shanghai, Tokyo, and Seoul finished lower while Hong Kong was in the green. European markets traded in a mixed manner.
The global Brent crude oil index rose 0.98 per cent to $72.90 per barrel. Exchange data showed that foreign institutional investors (FIIs) bought shares worth Rs 1,285.96 crore on Tuesday. The 30-share BSE Sensex rose 1.59 points to 81,510.05 on Tuesday. The NSE Nifty, which fell for the third day, declined 8.95 points to 24,610.05.
The rupee on Wednesday settled at 84.84 (provisional), up just 1 paise against the US dollar, amid growing expectations of a change in the central bank's monetary policy stance. The appointment of Sanjay Malhotra as the new RBI governor also weighed on the rupee. However, positive domestic market reports, FII inflows and RBI intervention had supported the rupee earlier in the day.
The rupee opened at an all-time low of 84.87 against the US dollar in the interbank market. The USD/INR pair traded in a narrow range and ended the session at 84.84 (test) against the dollar, just 1 paise above its previous close.
On Tuesday, the rupee rose by only 1 paise to 84.85 against the US dollar.
(With PTI's Input)