Mumbai: After four days of decline Sensex and Nifty reversed the graph and posted gains of 447.55 points or 0.53% and 150.85 points or 0.58% respectively
at close of trade on Friday. Sensex 30 closed at 84,929.36 points and Nifty 50 ended the session at 25,966.40 respectively. The movement in the Indian equity markets was in step with global markets which celebrated lower-than-expected US consumer price inflation data for November. Analysts were of the opinion that the inflation data paved the way for a possible rate cut by the US Fed next year.
Foreign Institutional Investors (FIIs) pumped in Rs 595.78 crore to purchase equities on 18 December, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 2,700.36 crore in the previous trade.
Major Gainers from the Sensex pack
- Bharat Electronics
- Power Grid
- Tata Motors Passenger Vehicles
- Asian Paints
- Reliance Industries
- Bajaj Finserv
Major laggards from Sensex basket
- HCL Tech
- Kotak Mahindra Bank
- ICICI Bank
- Sun Pharma
In the morning Hong Kong’s Hang Seng index, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and South Korea’s Kospi traded in positive territory. The US stock markets settled in positive territory on Thursday.
What expert said on Stock Market jump
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that lower inflation data from the US is imparting resilience to the US economy and markets which can have a positive impact on global equity markets as 2025 draws to a close.
“Global markets are trading with a positive bias, led by firm gains in US equities after lower-than-expected November consumer price inflation data reinforced expectations of further interest-rate cuts by the US Federal Reserve, triggering a shift toward a risk-on environment,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, told PTI.
On December 18, the 30-share Sensex declined by 77.84 points to close at 84,481.81 in a volatile session. The 50-share Nifty ended flat, slipping 3 points to 25,815.55.
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