Lagatar24 Desk
Mumbai, Dec.16: Over favourable global indications, the Indian market indexes rose on Thursday, led by advances in Bajaj Finance, Infosys, Bajaj Finserv, and Wipro. Following Wall Street’s lead, Asian equities rose after the US Federal Reserve said that it would halt its bond-buying stimulus in March, paving the way for three interest rate hikes next year to combat rising inflation. Fed Chair Jerome Powell stated, “The economy no longer requires rising amounts of policy support.”
The 30-share Sensex was at 57,945.86 at 10.15 a.m., while the wider NSE Nifty was at 17,266.70.
The Nifty Midcap 100 index was up 0.51 percent, while the Nifty Smallcap 100 index was up 0.85 percent, indicating that mid- and small-cap stocks were trading in the green.
Bajaj Finance was the top Nifty gainer, the stock jumped 2.51 per cent to Rs.7,018. Infosys, Bajaj Finserv, Wipro and IOC were also among the gainers.
The top gainer on the Nifty was Bajaj Finance, which rose 2.51% to Rs. 7,018. Among the winners were Infosys, Bajaj Finserv, Wipro, and IOC.
Tata Consumer Products, Hindustan Unilever Sun Pharma, Cipla, and Hero MotorCorp, on the other hand, were among the losers.
On the BSE, the overall market breadth was positive, with 1,921 shares increasing and 541 decreasing.
Infosys, HCL Tech, Tech Mahindra, and Tata Steel saw the greatest increases on the BSE platform, with their shares increasing as much as 2.21 percent in opening trades.
