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Share Market Wrap Up For 08 Dec,2023:

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Share Market Closing Note


Nifty hits 21,000, Sensex gains 300 pts as RBI holds rates:


Indian benchmark indices ended higher in the volatile session on December 8 with Nifty around 20,950.


At close, the Sensex was up 303.91 points or 0.44 percent at 69,825.60, and the Nifty was up 68.20 points or 0.33 percent at 20,969.40. About 1441 shares advanced, 1796 shares declined, and 73 shares unchanged.


HCL Technologies, JSW Steel, LTIMindtree, Apollo Hospitals and Infosys were among the top gainers on the Nifty, while losers were Adani Enterprises, ITC, Adani Ports, Hero MotoCorp and Britannia Industries.


On the sectoral front, FMCG, oil & gas and power indices down 1 percent each, healthcare and auto down 0.5 percent each. On the other hand, bank, Information Technology, Bank and Realty up 0.5-1 percent.


BSE midcap index ended marginally lower, while smallcap index fell 0.4 percent.


Market records biggest weekly gain since July 2022

Sensex & Nifty rise more than 3% each, Nifty Bank gains over 5%

Midcap index rises over 2%, posts weekly gain for 6th straight week


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Topic :- Time:3.20 PM


Just In:

Equity fund inflows fall 22% in Nov; small, mid-cap schemes stay in favour: AMFI


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Topic :- Time:3.10 PM


Nifty spot if manages to close above 20980 level then expect some further dominance by bulls in coming sessions and if it closes below above mentioned level then some sluggish movement can happen. Avoid open short positions for Monday.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 5940. If it holds below 5975 level then expect it to test 5890-5880 level again and once it manages to trade and sustain above 5975 level then some upmove can further follow in it.


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Topic :- Time:2.10 PM


Just In:

Sebi looking at creating new asset class between mutual fund and PMS, says Madhabi Puri Buch


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Topic :- Time:2.00 PM


Nifty is likely to turn more volatile now. Nifty spot if manages to trade and sustain above 20920 level then expect some upmove in the market and if it breaks and trade below 20860 level then some decline can follow in the Nifty.


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Topic :- Time:1.05 PM


Just In:

Paytm share price up 2.5% today after a 19% fall in previous session


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Topic :- Time:1.00 PM


Nifty spot is trading at 20921. If it manages to trade and sustain above 20940 level then expect some upmove in the market and if it breaks and trade below 20900 level then some decline can be seen.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 715.25. If it manages to trade and sustain above 716.20 level then expect some quick upmove in it and if it breaks and trade below 714 level then some decline can be seen in it.


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Topic :- Time:12.15 PM


Just In:

IIFL Securities gains 14% to hit 52-week high after SAT sets aside SEBI order


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Topic :- Time:12.00 PM


Nifty is still trading strong but movement is less as it is waiting for some cues for further upmove. Nifty spot if manages to trade and sustain above 21000 level then expect some further upmove in the market and if it breaks and trade below 20940 level then some decline can be seen in it.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Nifty hits 21,000-mark for first time; Sensex near 70K

2. SEBI getting ready to introduce T+0 settlement trade by end of March 2024: Madhabi Puri Buch

3. RBI MPC raises Indias GDP growth projection to 7% for FY24

4. GQG among the likely buyers in GMR Airports block deal

5. RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%

6. Forex reserves at $604 billion

7. Japan revises down third-quarter output

8. Tata Group plans new iPhone factory to hasten Apples India expansion

9. Adani Green lays out plan for repaying $750 mn bond to restore confidence

10. India on course to become 5th-largest market for travel and tourism


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Topic :- Time:11.00 AM


Nifty is trading higher after gap up opening. Nifty spot if manages to trade and sustain above 20980 level then expect some further upmove in the market and if it breaks and trade below 10940 level then some decline can be seen.

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