Stock market update: Gift Nifty signals a dull start

The recent stock market update of the morning session signals Gift Nifty on the NSE IX has headed for lower trade by 6 points, or 0.03 percent, at 21,948. While yesterday, Nifty ended 124 points higher and crossed the 21,800 level for the first time.

Stock market update: Gift Nifty signals a dull start

As per recent trending market updates, the Nifty 50 index rose 0.57 percent to 21,778 points while the S&P BSE gained 0.52 percent to 72,410 points. The 50-member Nifty index has now hit a record high in 13 of 19 sessions till this date. The Asian stocks opened wisely with largely continuing an end-of-year rally, encouraged by investors' expectations. The Australian and New Zealand dollars scored low from five-month highs on Friday. 

The rupee rebounded after two consecutive days falls to settle down at 14 paise higher at 83.20 against the US dollar on Thursday. Oil prices are set to 10 percent lower, the first annual decline in two years despite geopolitical concerns, production cuts and global measures to rectify inflation which creates fluctuations in global prices.

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The commodity exchange is also highly prevailing in trending market where gold prices are set for their best prices generating a good balance as Federal reserve rate cuts stabilises the global market platform. Some notable top gainers entities are Tata Consumer Products Ltd[3.23 percent], Tata Motors Ltd[2.14 percent] while BSE small caps rose by 0.31 percent, and mid-caps climbed 0.22 percent indicating overall gains.

The early morning trade opened with a  decline, yet following a marginal ascendance.NSE Nifty was down by 0.21 percent, or 46.55 points, at 21,732, while the BSE Sensex was at 72,229.87, down by 0.24 percent or 178 points.

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Meanwhile, the Innova Captab, the generic pharma manufacturer, made a soft debut landing on market exchange with listing at Rs471 per share, having 5.1 percent premium over its IPO price of Rs 448. 

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