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  5. SENSEX, NIFTY50 volatile; TCS, Infosys, HCLTech rally; broader market mixed

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SENSEX, NIFTY50 volatile; TCS, Infosys, HCLTech rally; broader market mixed

Upstox
By Upstox News Desk

3 min read | Updated on December 20, 2024, 10:08 IST

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SUMMARY

At 9:42 AM, the S&P BSE SENSEX was trading at 79,488.22 levels, up 270 points, or 0.34%, while the NSE's NIFTY50 index was ruling at 24,034.85, up 83 points, or 0.35%.

Stock list

INFY
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HCLTECH
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WIPRO
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Out of 50 stocks on the NIFTY50 index, 38 advanced, and 12 declined.

Out of 50 stocks on the NIFTY50 index, 38 advanced, and 12 declined.

Stock market today: The equity benchmark indices were volatile in the early trade on Friday, December 20.

At 9:42 AM, the S&P BSE SENSEX was trading at 79,488.22 levels, up 270 points, or 0.34%, while the NSE's NIFTY50 index was ruling at 24,034.85, up 83 points, or 0.35%.

Out of 50 stocks on the NIFTY50 index, 38 advanced, and 12 declined.

The top gainers of the index were Dr Reddy's, NTPC, Titan Company, Bajaj Finance, and Adani Enterprises.

The top losers were Axis Bank, Cipla, Tech Mahindra, SBI Life, and HDFC Life.

IT stocks were trading with decent gains in the early trade. Last seen, the S&P BSE Information Technology index was trading at 44,858.87 levels, up 118.34 points, or 0.26%.

Infosys shares were trading 0.7% higher at ₹1,959.55 apiece on the NSE, while TCS shares were trading at ₹4,294.50 apiece, up 0.53%.

IT shares gained as the Dublin-headquartered multinational IT company, Accenture, beat Wall Street estimates for first-quarter revenue and profit on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools.

Due to an increase in projects utilising the service, its GenAI business recorded new bookings of $1.2 billion and about $500 million in revenue.

The company's new bookings, a key indicator of future revenue, rose to $18.7 billion for the first quarter from $18.4 billion a year earlier.

Shares of BASF Ltd were trading nearly 7% higher at ₹5,830 apiece on the BSE as the company's board has approved the demerger of its agricultural solution business into a separate listed entity. The demerger will help in facilitating operational flexibility, leveraging differentiated steering, and creating value.

Broader Market

The BSE MidCap index was trading at 47,324.51, down 55 points, or 0.12%, while the BSE SmallCap index was trading at 56,353.14, up 15 points, or 0.03%.

Global Markets

Asian shares hovered near three-month lows on Friday as investors awaited key US inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks.

The closely watched inflation gauge—the US Core Personal Consumption Expenditures—is due later in the day.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4% on Friday and was headed for a weekly drop of 2.6%. It is, however, up over 8% for the year.

Japan's Nikkei rose 0.2% on Friday and is up a whopping 16% for the year, in part due to the weakness in the yen, which has depreciated 12% in 2024 and drew intervention warnings again from Japanese authorities.

(With inputs from Reuters)

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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