Markets settle higher on buying in bank, auto stocks
The Hindu
Sensex and Nifty rise on bank and auto stock buying, global markets mixed, FIIs sell equities.
Benchmark indices Sensex and Nifty ended higher on Friday (December 27, 2024) amid buying in bank and auto stocks.
The 30-share BSE Sensex climbed 226.59 points or 0.29% to settle at 78,699.07. During the day, it jumped 570.67 points or 0.72% to 79,043.15. The NSE Nifty went up by 63.20 points or 0.27% to 23,813.40.
From the 30 Sensex pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. State Bank of India, Tata Steel, Adani Ports, Zomato, UltraTech Cement and HCL Tech were among the laggards.
In Asian markets, Tokyo and Shanghai settled higher while Seoul and Hong Kong ended lower. European markets were trading in the positive territory. The U.S. markets ended on a flat note on Thursday (December 26, 2024). Global oil benchmark Brent crude climbed 0.18 to $73.39 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,376.67 crore on Thursday (December 26, 2024,) according to exchange data. The BSE benchmark dipped 0.39 points to settle at 78,472.48 in a muted trade on Thursday (December 26, 2024.) The Nifty eked out gains of 22.55 points or 0.1% to 23,750.20.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday
Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.
Meta’s poaching of Apple's Alan Dye underscores its push to expand consumer hardware beyond its smart glasses
Airbus orders upgrades for 6,000 A320 aircraft after a JetBlue incident raises concerns about software vulnerability to solar radiation.