Closing Bell: Benchmark indices ended higher in the volatile session amid volatility on December expiry day.
Closing Bell: Benchmark indices ended higher in the volatile session amid volatility on December expiry day. Sensex rebounds over 650 points from day’s low, ends 223.60 points higher; Nifty above 18,191. Bank Nifty ends 425 points higher at 43,252.35.
Rupee closes up 0.06 percent at 82.8050 per U.S. Dollar; previous close 82.8575. The Indonesian rupiah and the South Korean won reversed course, while the Singapore dollar added to gains as the Chinese yuan settled 0.2 percentages higher in thin-volume trading.
Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer.
Domestic gold prices edged higher on Thursday as the US dollar and Treasury yields eased, with market participants awaiting new indications on the Federal Reserve’s rate hike plans. On MCX, gold prices were up by nearly Rs 50 to touch the cost of Rs 54,810 per 10 gram.
Brent futures for February fell 79 cents, or 1.0 percent, to $82.47 a barrel by 0730 GMT, while U.S. crude fell 80 cents, or 1.0 percent, to $78.16 a barrel.
The global cryptocurrency market witnessed a decline on Thursday, with almost all major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin trading in the red.
The total market cap for cryptocurrencies fell 2.97 percent to $823.29 billion. Bitcoin and Ethereum, which make up over 50 percent of traded cryptocurrencies, significantly impacted the overall market cap with their negative movements.
Asian Market
Closing Bell: Sensex hits day’s high; Nifty above 18,191Asian frontline indices Nikkei 225 and Shanghai Composite ended with losses on Thursday. Shanghai index is lower by 0.44 percent at around 3,073.70, which is 13.70 points over the previous day’s closing.
Hang Seng ended the day’s session at 19,741.14, down by 157.77 or 0.79 percent.
The benchmark Nikkei 225 index fell 0.94 percent, or 246.83 points, to end at 26,093.67, while the broader Topix index dropped 0.72 percent, or 13.75 points, to 1,895.27.
South Korea’s KOSPI dropped 44.05 points or 1.93 percent to 2,236.40.
Tokyo shares ended lower on Thursday, after falls on Wall Street, with investors taking to the sidelines and avoiding risk ahead of New Year holidays.
Benchmark indices erased all the intraday losses and turned positive amid volatility ahead of F&O expiry.
Also read: Opening Bell: SGX Nifty Signals A Negative Start For Share Market
