Lagatar24 Desk
Mumbai, Dec.28: Indian market indexes crept higher, boosted by advances in ONGC, Asian Paints, and HCL Tech, as well as favourable global indications on Tuesday, December 28. The Sensex was up 394.94 points at 57,815.18 at 10.17 a.m., while the Nifty was up 115.60 points at 17,201.85.
Almost all of the sectoral indices were trading in the green. The Nifty Bank index increased by over 5%, while the Nifty Consumer Durables index increased by about 1%. The top gainers on the BSE Sensex were HCL Tech, Asian Paints, Axis Bank, Reliance Industries, PowerGrid Corporation of India, and Tech Mahindra. Dr Reddy’s Labs, Bharti Airtel, and Cipla, on the other side, were among the biggest losers.
The Dow Jones Industrial Average climbed 0.98 percent on Wall Street, while the S&P 500 gained 1.38 percent after establishing a new high throughout the session. The Nasdaq Composite Index increased by 1.39 percent.
On Monday, the S&P 500 reached a new high as US retail sales data allayed fears about the infectious Omicron coronavirus type, which has caused thousands of aircraft cancellations and stranded cruise ships.
The STOXX 600 index in Europe climbed 0.62 percent, approaching its highest level in over a month.
In Asia, China reported the largest daily increase in local COVID-19 cases in 21 months, with infections more than doubling in Xian, the country’s newest hotspot. For the first time since November 26, the Japanese currency fell to 114.935 yen per dollar, approaching the year-to-date low of 115.525.
Despite the Federal Reserve’s hawkish turn this month, which saw policymakers signal three quarter-point rate rises in 2022, the safe-haven US dollar remained rangebound in foreign exchange markets. The dollar index dropped 0.026%, while the euro rose 0.01 percent to $1.1326.
In the petroleum market, U.S. crude was recently up 3.04 percent to $76.03 a barrel, while Brent was up 3.68 percent to $78.94 per barrel.
