Ira Singh 
The Indian stock market indices ended with modest gains on Wednesday, as market sentiment remained cautious ahead of release of U.S. inflation data awaited later in the day and domestic inflation data on Thursday, both of which are expected to offer clues about interest rate directions in the two economies.At close, the Sensex was up 16.09 points or 0.02 percent at 81,526.14, and the Nifty was up 31.75 points or 0.13 percent at 24,641.80. About 2053 shares advanced, 1772 shares declined, and 109 shares unchanged.
Trent, Bajaj Finance, Britannia Industries, Shriram Finance, Bajaj Finserv were the top gainers on the Nifty, while losers included JSW Steel, Adani Ports, NTPC, SBI, Axis Bank.On the sectoral front, buying was seen in the auto, FMCG, IT, metal, while PSU Bank index down nearly 1 percent. BSE Midcap and smallcap indices rose 0.3 percent each.
Rupee Close:
On 11 Dec'24,the Indian rupee ended Wednesday’s session almost unchanged, edging up by 1 paisa to close at 84.84 against the US dollar, slightly above its record low, amid speculation of a potential shift in the Reserve Bank’s monetary policy following Sanjay Malhotra's appointment as RBI governor.
Forex traders reportedly stated the Indian rupee touched a fresh all-time low of 86.87 in intraday trade as change of guard at the Reserve Bank of India raised odds of a rate cut by the Reserve Bank of India (RBI) in its February meeting.A bounce back in the US dollar from earlier lows also weighed on the rupee. However, positive domestic markets, FII inflows and reports of RBI intervention supported the rupee earlier in the day.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,the Indian market exhibited subtle movements, reflecting mixed sentiments prevailing in global markets ahead of the US CPI inflation data release, which could influence the FED policy. The US dollar strengthened, while bond yields saw a marginal uptick. Defensive sectors, including FMCG and pharmaceuticals, experienced an uptick. Additionally, the metals sector saw gains driven by optimism surrounding potential stimulus measures from China.
Market experts recommended five shares to buy-Gabriel India, Suven Life Sciences, GHCL, Elecon Engineering, and Gokaldas Exports.
(Business Correspondent)
Related Items
Three missing Indian seafarers onboard MT Settebello confirmed dead
World leaders laud Modi for becoming longest-serving Indian PM
India a fantastic market, but high taxation can slow down growth: IATA