Stock Market Live Update: Nifty, Sensex Trade Higher Pre-Open
At pre-open, the NSE Nifty 50 was trading 42.30 points or 0.16% higher at 25,902.40. The BSE Sensex was up 0.21% or 176.40 points at 84,856.26.
Rupee Vs Dollar Today: Indian Currency Opens Weaker
Rupee opens 3 paise weaker at 91.06 against US Dollar. It closed at 91.03 on Wednesday.
Source: Bloomberg
The dollar index is up at 97.95. Brent crude was trading 1.07% higher at $59.55.
Stock Market Live: China Stocks Have Rallied 16% This Year, Yet It Is 22% Away From Record Highs
China’s stock market has surged this year, on the back of foreign institutional flows, global tech rally, resilient export growth and despite trade frictions with the United States.
The benchmark CSI 300 index, composed of big Chinese companies traded in Shanghai or Shenzhen, is up 16% year-to-date. Comparatively, Hong Kong’s Hang Seng index has gained 24% during this period. MSCI Asia Pacific Index, the broadest gauge for the region, is up 28%.
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Stock Market Live: RailTel Shares In Focus
Shares of RailTel will be in focus on Wednesday’s trading session amid reports of the company being in talks with Starlink.
As Elon Musk’s Starlink gears up for India launch, RailTel is one of the Indian companies looking to partner with the satellite internet provider, according to a report from LiveMint.
Insurance Amendment Bill: What Brokerages Say
Brokerages see limited near-term impact of the Sabka Bima Sabki Raksha, 2025 insurance bill, which was passed in Lok Sabha on Tuesday night, with shares of PB Fintech in focus.
The bill, which proposes to raise foreign direct investment (FDI) in the insurance sector from 74% to 100%, in addition to introducing a series of other amendments to insurance laws, may also lead to foreign and niche players entering the space, according to brokerages.
Nifty Today: What F&O Cues Indicate
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Nifty December futures down to 25,932 at a premium of 72 points.
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Nifty December futures open interest up by 1.69%.
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Nifty Options on Dec 23: Maximum Call open interest at 27,000 and Maximum Put open interest at 25,000.
Dollar Check
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The US Dollar index is down 0.10% at 97.962.
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Euro was down 0.08% at 1.1738.
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Pound was down 0.11% at 1.3409.
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Yen was up 0.15% at 154.93.
Stock Market News Live: Global Check
Asian stocks opened slightly lower after weak US jobs data failed to lift expectations of further interest-rate cuts by the Federal Reserve.
MSCI’s regional equity index slipped 0.1%, marking a third straight day of declines. The cautious tone followed a mixed session on Wall Street, where the S&P 500 fell for a third consecutive day, while the Nasdaq 100 edged up 0.3%. Tesla Inc. shares dropped more than 1% in extended trading, after reports that its sales in California could be suspended for 30 days. US Treasuries and the dollar were little changed after slipping earlier in the session.
Stock Market News Live: GIFT Nifty Indicates Muted Open
The GIFT Nifty was trading above 25,900 early on Tuesday. The futures contract based on the benchmark Nifty 50 rose 0.05% at 25,928 as of 7:09 a.m. indicating a positive start for the Indian markets.
In the previous session on Tuesday, the benchmark equity extended decline for the second day. The NSE Nifty 50 ended 167.20 points or 0.64% lower at 25,860.10, while the BSE Sensex closed 533.50 points or 0.63% lower at 84,679.86.
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