Mumbai: The BSE Sensex jumped 517.23 points to 84,999.05 on Friday. The NSE Nifty gained 129.25 points to 25,944.80. The equity benchmark indices skyrocketed
amid a rally in global markets as a lower-than-expected US consumer price inflation data for November reinforced expectations of further interest rate cuts by the Federal Reserve. Notably, foreign investors continued to buy equities for the second consecutive day on Thursday.
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
- Bajaj Finance
- Bajaj Finserv
- Infosys
- Power Grid
- Tata Consultancy Services
- Tata Motors Passenger Vehicles
- Reliance Industries
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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