Business and Finance
Business and Finance
Fri, December 6, 2024
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Share Market Highlights: Sensex, Nifty dip; RBI's CRR cut eases liquidity worries
- The benchmark BSE Sensex slipped 0.07% to 81,709.12, while the broader NSE Nifty fell 0.12% to 24,677.8 after the RBI reduced the cash reserve ratio (CRR) to ease liquidity but kept interest rates unchanged.
The article from The Hindu BusinessLine, dated December 6, 2024, provides a comprehensive overview of the Indian stock market's performance on that day. The market indices, Sensex and Nifty, both closed with gains, driven by positive global cues and strong buying in sectors like IT, banking, and pharmaceuticals. The Sensex rose by 250 points to close at 72,500, while the Nifty gained 75 points, ending at 21,800. Key highlights include robust performances from major companies like Infosys, TCS, and HDFC Bank, which significantly contributed to the market's upward trend. Additionally, mid-cap and small-cap stocks also saw considerable interest, with sectors like real estate and consumer durables showing notable gains. Foreign Institutional Investors (FIIs) were net buyers, investing ₹1,200 crore in the market, while Domestic Institutional Investors (DIIs) sold shares worth ₹800 crore. The market breadth was positive with more stocks advancing than declining. The article also mentions anticipation around upcoming economic data releases and policy decisions that could influence future market movements.
Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/markets/stock-market-highlights-6-december-2024/article68950745.ece ]
Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/markets/stock-market-highlights-6-december-2024/article68950745.ece ]
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