Stock Market News: Sensex Up 400 Points; Nifty Surges Close To 26,000 As Headline Indices Gain After 4 Sessions

Share Market News: Headline indices ended the week on a positive note on December 19 and ended a four-day losing spree. The Sensex finished at 84,929.36 up by 447.55 points or 0.53 per cent and the Nifty 50 finished at 25,966.4 up by 150.85 points or 0.58 per cent.

On December 19, the headline indices ended their losing spree amid positive global cues and gains in sectoral indices.

Shriram Finance and Max Healthcare Institute Lead Gainers

Shares of Shriram Finance and Max Healthcare Institute came out as top gainers among Nifty 50 stocks as they closed 4.10 per cent and 2.62 per cent lower on the NSE. Other Nifty gainers included Bharat Electronics and Tata Motors Passenger Vehicles, which finished the session with gains of 2.49 per cent and 2.43 per cent, respectively. As many as 41 constituents of the benchmark finished in the green territory while 9 finished in the red, and one remained unchanged.

Nifty Auto and Nifty Realty Gain

The Nifty Auto and the Nifty Realty indices gained the most among all sectoral indices as they ended higher by 1.23 per cent and 1.67 per cent, respectively. The broader market indices extended gains on December 19. The Nifty SmallCap 100 and the Nifty MidCap 100 closed the session with gains of 1.20 per cent and 1.34 per cent, respectively.

Asian Markets on December 19

All major Asian indices finished the session with gains, as the Nikkei 225 and the Hang Seng finished the session higher by 1.19 per cent and 0.82 per cent respectively. Other Asian indices like the Shanghai Composite and the KOSPI ended higher by 0.36 per cent and 0.65 per cent respectively. A combination of positive global cues is likely to have contributed to the gains seen in key Asian indices, these cues include the US Inflation Easing, a tech sector rebound and Bank of Japan raising interest rates to a 30-year high (0.75 per cent).

Primary Market Action On December 19

KSH International IPO share allotment will take place today on December 19. On the other hand shares of ICICI Prudential AMC listed on the NSE and BSE with a premium of over 20 per cent compared to the issue price.

Market Cues

The upcoming week is set to be a holiday-shortened one as the stock market will remain closed on December 25. Trading volumes typically tend to drop leading to relatively higher volatility.

Additionally investors will look out for the release of core macroeconomic data such as the core sector output data and RBI's weekly update on forex reserves. Institutional investor flows will also impact D-street in the upcoming week.