India Share Market – December-26-2023

On Tuesday morning, India’s shares climbed 257.8 points or 0.4% to 71,392.6. This was largely due to the metals, oil & gas, healthcare, auto, and pharmaceutical sectors. The BSE Sensex rose for the third consecutive day. This was fueled by hopes that the US Federal Reserve would soon reduce interest rates, following a drop in US prices for the first time in over three and a half years. After a holiday, traders consolidated and looked forward to a strong final five trading days of the year.

HeromotoCorp saw a 3.2% increase, trailed by Adani Enterprises (2.9%), Divi’s Laboratories (2.6%), and Coal India (2.2%). Amidst ongoing Middle East conflict, traders kept a close eye on oil prices. Market players are awaiting Q3 current account data later this week. The market predicts a USD 9 billion deficit, a sharp decrease from a USD 30.9 billion gap in the same period in 2022.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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