Stock market next week: Both Indian indices – Sensex and Nifty – ended the session with solid gains on Friday, December 19, breaking a four-session losing run, supported by a steady rupee, encouraging global cues, and a Bank of Japan policy outcome that met expectations.
The Sensex climbed 448 points, or 0.53%, to end at 84,929.36, while the Nifty 50 advanced 151 points, or 0.58%, to settle at 25,966.40. Broader markets outperformed, with the BSE Midcap index surging 1.26% and the Smallcap index gaining 1.25%.
“Markets ended the week with marginal losses as mixed macroeconomic data, a depreciating rupee, and continued uncertainty over the timing of a potential India–US trade deal kept investor sentiment cautious. Selling pressure dominated most sessions; however, a recovery in the final trading day—driven by value buying and renewed interest from foreign portfolio investors (FPIs)—helped limit the downside, though benchmarks failed to close in positive territory. The Nifty declined 0.31% to 25,966, while the Sensex slipped 0.40% to 84,929, indicating a phase of consolidation after recent volatility,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.
(This is a developing story)
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
