Stock Market Highlights | Sensex, Nifty 50 scale new highs as record run continues, IT index at 20 month high

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“The buoyancy continued in the market as investors were expecting the clouds over US economic growth to recede by H2CY24 and that the economy would achieve a soft landing aided by normalization in monetary policy. The USD/INR witnessed a steep fall on account of the prospects of interest rates being cut next year. The IT index outperformed expectations of a rise in demand in the US economy,” says Vinod Nair, Head of Research at Geojit Financial Services.

All Sectoral Indices Record Gains, IT, Metal & PSU Bank Gain The Most

36 Nifty Stocks Register Gain This Week, HCL, LTIM, Hindalco Top Gainers

Sensex, Nifty, Midcap Index & Nifty Bank Rise Over 2% Each This Week

BPCL, DRL, Maruti, Nestle & Titan Amongst Few Nifty Losers

NALCO, SAIL, GMR, Persistent, Coforge, Info Edge Are Top Midcap Gainers

Record Run Continues For Market, Nifty Crosses 21,400 & Sensex Above 71,000

Market Scales Record High As Buying In IT Continues, Nifty IT At 20-mth High

Metal Names Rise Tracking Fall In Dollar, Nifty Metal At Record High

Most IT Stocks At Record Or 52-week Highs, HCL, TCS & Infy Top Nifty Gainers

Last-hour Rally Takes Nifty Bank Above 48,000, SBI Is Top Contributor

Sensex Rises 970 Points To 71,484 & Nifty 267 Points To 21,450

Nifty Bank Gains 341 Points To 48,073 & Midcap Index 54 Points To 45,588

Insurance Stocks Extend Fall On Surrender Value Proposal, Stocks Fall 2-4%

Chemical Stocks Too See Buying, Tata Chem & Deepak nitrite Top Gainers

Adani Group Heavyweights Gain, Grp Mkt Cap At 11-mth High Of `14,50 Lk Cr

BSE Listed Cos Add Market Cap Of `3 Lk Cr On Friday & `9 Lk Cr This Week

Market Cap Of BSE Listed Companies Rise To Record High Of `358 Lk Cr

Market Breadth Mildly In Favour Of Advances, Advance-Decline Ratio At 1:1

Rupee Sees A Sharp Move In The Last Hour, Closes At A 3-mth High

Rupee Gains 33 Paise To End At 83 Vs Thursday’s Close Of 83.33/$

Bharat Electronics Ltd (BEL) share price jumped more than 3% on Friday, December 15, as the Street sentiment in the stock remained positive on bagging a mega defence order.

The Ministry of Defence has signed a landmark contract with BEL, Pune, for procurement of electronic fuzes for the Indian Army for a period of 10 years, at a total cost of ₹5,336.25 crore.

Read more here

#DollarRupee | Sharp surge in #Rupee
Gains more than 30 paise from yesterday’s close, hits one-month high

➡️7.18%, 2033 Bond Yield at 7.16% Vs Thursday’s close of 7.19%

➡️7.26%, 2033 Bond Yield at 7.21% Vs Thursday’s close of 7.24% pic.twitter.com/lkN5w04df3

— CNBC-TV18 (@CNBCTV18Live) December 15, 2023

Texmaco Rail & Engineering shares surged 4% in Friday’s trading session as the manufacturer of railway wagons, coaches, and locomotives successfully clinched a ₹1,374.41-crore order from the Ministry of Railways.

In an official statement, Texmaco Rail said that the Railway Ministry (Railway Board) formally accepted their proposal, resulting in the award for the manufacturing and supply of approximately 3,400 BOXNS wagons, with an estimated value of ₹1,374.41 crore.

Read more here

The Nifty IT index rallied over 4% to hit a 20 month high of 35,349 on Friday, extending its gaining streak on elevated bets of a US rate cut by March 2024. At 2 pm, the index gained nearly 1,400 points to its highest level of 35,741.60 in 52 weeks. It was among the top sectoral gainers.

All IT majors including Infosys, Tata Consultancy Services, HCL Technologies, Tech Mahindra, Wipro, LTIMindtree are witnessing huge buying interest in the last two trading sessions. Notably, HCL Tech, Infosys, TCS and Tech Mahindra were the top four gainers in the Nifty50 index.

Read more here

Maruti Suzuki shares witnessed a sharp fall around 2pm.

The stock is currently trading 0.8% lower at Rs 10,271 apiece.

Sensex 70,800 call sees a freak trade. Over 2 lakh shares traded within a minute.  Sensex 70,800 Call spiked from Rs 200 to Rs 900, CNBC Awaaz reported.

#JustIn | #LIC cuts stake in #HeroMotoCorp to 9.25% from 11.25% pic.twitter.com/qgSXu8uijX

— CNBC-TV18 (@CNBCTV18Live) December 15, 2023

#JustIn | NLC India bags order for north Dhadu Coal Block in #Jharkhand under commercial coal block e-auction#CoalBlock pic.twitter.com/A7EK5IrVoZ

— CNBC-TV18 (@CNBCTV18Live) December 15, 2023

#JustIn | Punjab & Sind Bank hikes 1-month tenure lending rate by 5 bps w.e.f. Dec 16 pic.twitter.com/IZwN0HP4Dz

— CNBC-TV18 (@CNBCTV18Live) December 15, 2023