Stock market next week: Indian indices – Sensex and Nifty 50 – extended gains for a second straight session on Friday, December 12, led by positive global sentiment following a rate cut by the US Federal Reserve. The Sensex climbed 450 points, or 0.53%, to close at 85,267.66, while the Nifty 50 advanced 148 points, or 0.57%, to settle at 26,046.95. Broader markets outperformed, with the BSE Midcap and Smallcap indices rising 1.14% and 0.65%, respectively.
Meanwhile, the total market capitalisation of BSE-listed companies increased to over ₹470 lakh crore from ₹466.6 lakh crore in the previous session, adding more than ₹3 lakh crore to investor wealth in a single trading session.
“Markets remained volatile and ended the week in negative territory amid mixed domestic and global cues. Sentiment stayed subdued through most of the week and weakened further as selling pressure intensified, though a late rebound in the final sessions helped limit the downside. Persistent foreign fund outflows and a sharp depreciation in the rupee weighed heavily on investor confidence. As a result, the Nifty slipped 139 points to close at 26,046, while the Sensex declined 445 points to end at 85,268,” said Ajit Mishra- SVP, Research, Religare Broking Ltd.
(This is a developing story)
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