Sensex, Nifty LIVE Updates on December 18: Market indices opened at new record highs and traded on a bullish note on Friday, amid sustained foreign fund inflows and positive global equities. SGX Nifty on the Singapore Exchange was rising by 90 points, indicating positive trend in domestic grounds today. Rallying for the sixth consecutive session, Sensex traded 137 points higher at 47,027 and Nifty gained by 23 points to 13,765. In today's session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,773. Yesterday, Sensex ended 223 points higher at 46,890 and Nifty gained by 58 points to 13,740.
Here's a look at the updates of the market action on BSE and NSE today
9. 32 AM: Future Retail, YES Bank, GE Power among top wealth destroyers of 2020
A rising market tide may not lift all boats. Nearly one-third of stocks with market capitalisation over Rs 1,000 crore have posted negative year-to-date returns up to 78.3 per cent.
The worst performers were Future Lifestyle Fashions, Future Retail, Suven Life Sciences, Future Consumer, YES Bank, GE Power and Federal-Mogul Goetze (India) that witnessed price erosion between 52 and 78.3 per cent from January 01 to December 16, 2020. Most of these stocks touched their 52-week low during the month of March and April, but have seen an amazing recovery of over 30 per cent since then.
Future Retail, YES Bank, GE Power among top wealth destroyers of 2020
9. 20 AM: Market hits new high
9. 16 AM: Opening session
Market indices opened at new record highs and traded on a bullish note on Friday, amid positive global equities. SGX Nifty on the Singapore Exchange was rising by 90 points, indicating positive trend in domestic grounds today. Rallying for the sixth consecutive session, Sensex traded 137 points higher at 47,027 and Nifty gained by 23 points to 13,765. In today's session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,773.
9. 10 AM: Nifty outlook
RSL Research said in its note,": NSE-NIFTY continued its daily rising trend and closed above its upper band of the rising channel for straight second trading session in a row. Yesterday, positive momentum in financial service sector, frontline majors and FII's consistent buying supported the up-move. As mentioned earlier, our positive view will remain intact for the index as its major technical indicators are positively poised. The index will keep exploring uncharted territory and will test 14,000 mark in the near-term. In case of profit booking, the index will now find strong support at 13,600 mark and will rebound.
As for the day, support is placed at around 13,685 and then at 13,629 levels, while ub resistance is observed at 13,785 and then at 13,829 levels."
9.05 AM: Market outlook
Ashis Biswas, Head of Technical Research, CapitalVia Global Research Limited- Investment Advisor said, "The market witnessed some strong trend and an attempt to overcome the resistance level around the Nifty 50 Index level of 13750. While sustaining above 13750 is the key factor from a short-term perspective. We suggest Maintaining above this level market to gain momentum and to open the gate for a movement till 13990. The momentum indicators like RSI, MACD to stay positive and market breadth to improve, further strengthening the view of a short-term bullish outlook."
8. 50 AM: FII action
Foreign portfolio investors (FPIs) bought shares worth Rs 2,355.25 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 2,494.36 crore in the Indian equity market on 17 December, provisional data showed.
8. 40 AM: Rupee closing
On the currency front, Indian rupee ended just 1 paisa lower at 73.59 against the US dollar on Thursday amid a firm trend in the domestic equity markets.
8. 30 AM: Closing
Market indices closed at new record highs on Thursday, amid persistent foreign fund inflows and positive global equities. Rallying for the fifth consecutive session, Sensex ended 223 points higher at 46,890 and Nifty gained by 58 points to 13,740.
Sensex ends at record high, Nifty at 13,740; HDFC twins, Bajaj Finance, IndusInd Bank top gainers