The Indian stock market continued its upward trend on Friday, December 12, with the Sensex and Nifty 50 indices rising for the second straight day. The Sensex advanced 450 points, or 0.53%, to close at 85,267.66, while the Nifty 50 climbed 148 points, or 0.57%, to 26,046.95. This growth was supported by favorable global cues, particularly the recent rate cut by the US Federal Reserve, which boosted investor sentiment and risk appetite across the globe.
The broader markets also performed well, with the BSE Midcap and Smallcap indices rising 1.14% and 0.65%, respectively. All key sectors, except for FMCG, contributed to the upmove, with metals, realty, and energy leading the gains. Domestic flows remained healthy, driven by sustained retail and mutual fund buying, supported by stable macro indicators and improved liquidity conditions.
According to Ajit Mishra, SVP, Research, Religare Broking Ltd, the positive momentum was supported by global sentiment and domestic flows. However, foreign flows were mixed due to currency volatility and ongoing discussions around US-India trade dynamics.
Ahead of the stock market opening, several stocks are likely to remain in focus, including:
Please note that this story is for educational purposes only, and it's essential to consult with an investment advisor before making any investment decisions.
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