Nifty last close: 24708.40 (+1%)
In yet another highly volatile session on December 5
Indian equity market managed to close higher with Nifty closing above 24,700
Continuing the winning run for fifth consecutive session
Sensex was up 809.53 points or 1 percent at 81,765.86
Nifty was up 240.95 points or 0.98 percent at 24,708.40
midcap and smallcap indices ended with marginal gains
Except realty and PSU Bank, all other sectoral indices ended in the green
Information Technology index being the biggest gainer by rising nearly 2%
RBI Governor Shaktikanta Das’ last MPC meet before his term ends may leave the repo as is, cut CRR
Bitcoin retreats from record highs to test sub-$94,000 levels, then rebounds
FIIs bought equities of Rs 8,539.91 crore on December 5
Domestic institutional investors sold equities of Rs 2,303 crore on the same day
The US stocks pulled back slightly but held near record highs ahead of a key U.S. jobs report
The Dow Jones Industrial Average fell 0.55%, to 44,765
S&P 500 dropped 0.19%, to 6,075 and the Nasdaq Composite lost 0.18%
Dollar Index broke below 106
UST 10y yield shed 1 bps to 4.17%
Brent Oil down 0.1% to $72.27
Asian equities tracked a drop in US shares ahead of jobs data
Nikkei down 1% and Hangseng up 1.5%
GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 24760 and 24850
If stays above 24850 finding a next resistance around 24940 and 25050
On other side, Nifty considering a supports 24660 and 24590
Below 24590 finding a next support around 24500 and 24370
Updated: 08.55 am / 06th Dec 2024
