The Indian stock market finished with significant gains on Monday, December 22, amid a rebound in the Indian rupee and positive global cues. This rebound has brought relief to investors, with the market capitalisation of BSE-listed firms rising to ₹475 lakh crore from ₹471 lakh crore in the previous session.
Market Performance
The Sensex ended 638 points, or 0.75%, higher at 85,567.48, while the Nifty 50 closed at 26,172.40, gaining 206 points, or 0.79%. The BSE Midcap index rose by 0.86% and the Smallcap index jumped 1.12%.
Top Contributors and Losers
Infosys, Bharti Airtel, and ICICI Bank were among the top contributors to the gains in the benchmarks. On the other hand, only three stocks - SBI, Kotak Mahindra Bank, and Larsen and Toubro - ended in the red in the Sensex index.
Key Highlights
- The market rebound has been driven by a recovery in the rupee and fresh foreign capital inflows.
- Positive global cues amid rising expectations of additional rate cuts by the US Federal Reserve next year also boosted sentiment.
- As many as 38 stocks ended higher in the Nifty 50 index, with Trent, Shriram Finance, and Wipro being the top gainers.
Remember, this is a perspective on market performance and not a prediction of future outcomes. It's always important to do your own research and consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.