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Stock market today: The Indian stock market clocked healthy gains for the third consecutive session on Tuesday, December 3, led by gains in shares of select heavyweights, including Reliance Industries, HDFC Bank and Larsen and Toubro. Benchmark index Nifty 50 jumped 0.70 per cent to the level of 24,445.80, breaking above its 50 and 100-day exponential moving averages (DEMA). According to Trendlyne, an equity research platform, Nifty 50 is above its 100-day EMA of 24,306 and 50-day EMA of 24,364 ...Read More >
By 12:47 IST, the Sensex had gained 560.47 points, or 0.70%, reaching 80,808.55, while the Nifty 50 increased by 161.70 points, or 0.67%, standing at 24,437.75. Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted the market's inherent resilience, as evidenced by its recent recovery. At present, the market is focusing more on potential policy responses to the slowdown in GDP growth rather than the slowdown itself. The rebound in banking stocks observed yes ...Read More >
Adani Ports, Adani Enterprises, Shriram Finance, UltraTech Cement, and Cipla were the top gainers on the Nifty. Benchmark indices Nifty and Sensex extended morning gains driven by strength in public sector banks ahead of the RBI MPC meet outcome on Friday. Heavyweight stocks like HDFC Bank and Reliance Industries also contributed to the rally on December 3. Broader markets also showed strength with mid- and small-cap indices rising 0.7 percent each. At noon, the Sensex was up 538.04 points or ...Read More >
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