Category: Market review

Indian stock markets reversed early losses on Friday, December 13, and ended the day on a strong note.The Sensex jumped 843.16 points, or 1.04%, to finish at 81,289.96. Meanwhile, the Nifty gained 219.60 points, or 0.89%, finishing at 24,768.30 points. With India’s retail inflation easing to 5.48% in November, falling within the Reserve Bank of India’s comfort zone, the economic backdrop is looking favorable. More in this review

India’s economic indicators presented a mixed picture. CPI-based inflation eased to 5.48% in November, supported by better vegetable supplies. Meanwhile, industrial production hit a three-month high of 3.5% in October, fueled by a festive season boost in consumer goods and garment manufacturing. The Indian rupee faced a setback on Thursday, falling to an all-time low as continuous depreciation pressures and heightened demand for the U.S. dollar in the non-NDF market pulled it down. More in this review

On Tuesday, the main Indian stock market index, Sensex, saw a small increase of just 1.59 points. Meanwhile, the Nifty 50, dropped a bit by 8.95 points, which is 0.04%, closing at 24,610.05. Overall, the market didn’t show much movement and ended the day quietly. Looking ahead to Wednesday, the markets might open with little change because global market trends are mixed. On another note, gold prices reached their highest point in two weeks, and the price of crude oil also went up a bit. More in this review