Nifty last close: 20969.40 (+0.33%)
Market extended the winning streak in the sixth consecutive week ended December 8
Also tested fresh record high levels amid positive global cues
Weekly basis, Sensex rose 3.47 percent or 2344.41 points to close at 69,825.60
Nifty50 surged 701.5 points or 3.46 percent to finish at 20,969.40
On Friday, the Nifty went past the 21,000 mark for the first time when it hit 21,006.10
Power index rose 13 percent, BSE Oil & GAs index added 7.6 percent
BSE Bank index rose 5.3 percent and BSE Energy index up 5.2 percent
However, FMCG index fell 0.3 percent
Last week, FIIs extended their support, as they bought equities worth Rs 9,285.11 crore
While Domestic Institutional Investors (DIIs) bought equities worth Rs 4326.47 crore
India set to overtake Hong Kong as seventh largest stock exchange
US markets rallied on last Friday
Dow gained 0.36%, Nasdaq rallied 0.45% and S&P500 added 0.41%
The S&P 500 and the tech-heavy Nasdaq Composite both closed Friday with a six-week winning streak
The Dow, meanwhile, was flat for the week
US 10-year yield rises to 4.24%
The Brent crude contract for February gained $1.79, or 2.42 percent, to settle at $75.84 a barrel
The Dollar index traded 0.43 percent higher in futures at 103.98
Spot gold fell 1.3 percent to $2,002.80 per ounce after hitting a session low of $1,994.49 earlier
Asian market were open lower on Monday early trade
China’s consumer prices fall fastest in 3 years, factory-gate deflation deepens
HangSeng down 1% ad Nikkei up 1.5%
GiftNifty indicates a flat opening for the index
Nifty this week trend decider 20850 and 21200
Today Nifty is facing a intraday resistance 21000 and 21045
If stays above 21045 will try to move 21090
On other hand, Nifty considering a supports 20930 and 20890
Below 20890 finding a next support around 20850
Updated: 08.45 am / 11th Dec 2023
