The Sensex gained 460 points, the Bank Nifty rose 0.45 percent, and the Nifty ended the day at above 18400. The biggest gainer was M&M.

Market Update: Sensex, Nifty, and Share Prices for Today LIVE: The local Indian indices, NSE Nifty and BSE Sensex, close higher, signaling a rebound by bulls and the conclusion of a two-day losing trend.

M&M is the biggest winner as the Sensex rises 460 points, the Bank Nifty rises 0.45%, and the Nifty settles above 18400.

Even though markets opened flat, the Nifty ended the day up more than 150 points, at 18,420. The Sensex finished the day up 0.76 percent, at 61,806. When market sentiment shifted from bearish to bullish during the trading day, the Nifty Junior, also known as the Nifty Next 50, rose by roughly 1 percent.

Nifty Auto's 1.59 percent increase made it the day's top performer among industry indices. The first public offering (IPO) of KFin Technologies, at a price range of Rs. 347-366 per share, opened for subscription today and was subscribed for 0.49 times.

Nifty faces a major challenge of 18,888 "Shorts were covered and value purchases were popular on Wall Street, creating an unexpectedly positive day. Except for information technology, every other market index closed higher, with the highest increases seen in the auto and fast-moving consumer goods markets. . net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/ A lot of eyes will be on the minutes from the RBI MPC meeting on December 21. Specifically, the Nifty's smallest hurdle is at 18,888, so market participants will be watching for clues about the inflation environment and the RBI's approach in the coming months.

The current upswing is expected to continue "So far in the month of December, our markets have been relatively calm. Time-corrections are common after a sustained advance in the market, say, three or four months. We think the area between 18000 and 17800 is significant enough to be considered a floor, and we expect the upward trend to continue in the near future. Given the positioning of the Midcap index, we may see some dramatic shifts in the upper end of the market as 2022 comes to a close.

Comments

Google Gets In On Ethereum Merge Excitement With Nifty Easter Egg!

The new feature has been added with just days left until the long-awaited Ethereum Merge. As a sign of support for the upcoming Ethereum Merge, tech juggernaut Google is marking the time left until the upgrade with a new countdown timer. Typing any variation of “Ethereum Merge” or “The Merge” into the search engine shows a countdown ticker, with the estimated time left until the Merge based on the current difficulty, hash rate and merge difficulty. Off to the side is a cartoon of two happy pandas running toward each other with outstretched hands, which supposedly will get closer as the Merge date draws nearer. Google Cloud developer Sam Padilla in a Friday tweet said that the timer was “a fun little surprise” and a way to show their appreciation of “the work that has been going into this for years.” He said the work was done by Google’s search and labs team, but noted that he helped “kickstart” the idea and discussion that led to the timer being implemented. In the same po...

CBDC wallet uses ancient tradition to boost adoption.

The digital yuan wallet app includes a virtual version of a traditional Chinese money-gifting method. China's digital yuan wallet app introduced an electronic version of traditional "red packets" to attract new users. The new feature was released over the weekend, one month before Chinese New Year on Jan. 22. "Red packets," called hongbao in China, are used to gift money during Chinese New Year and other celebrations. WeChat Pay and Alipay offer virtual red envelopes for digital payments. The e-CNY app allows a red packet to be sent to one person or a "lucky draw" can be set up for a group of people to get a random amount from a pool of funds. WeChat Pay and Alipay have a similar feature. Users can choose a packet cover with new year, birthday, and "prosperous China" wishes. Digital yuan transactions surpassed $14 billion (100 billion yuan) on Oct. 10, a 14% increase from the $12 billion (87.6 billion yuan) reported at the end of 2021. The e-...

The country's telco regulator has warned Nepalese internet and email providers to block crypto-related websites or face legal action.

The country's telecommunications regulator has ordered all internet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those who do not comply. The Nepal Telecommunication Authority (NTA) ordered ISPs and email service providers to block access to "crypto-related websites, apps, or online networks" in a notice issued on January 8. It stated that virtual currency transactions "have increased in recent days [translated]" and reiterated that cryptocurrency transactions are illegal in the country. The Nepal Rastra Bank (NRB), the country's central bank, declared crypto trading and mining illegal in a notice issued in September 2021. It is also illegal to "encourage" others to use cryptocurrency. The NTA issued a similar caution notice regarding cryptocurrency websites in April 2022, asking the public to notify the regulator if they have information "related to the name of such website, app, or o...

Search This Blog