Nifty Today | Share Market Live Updates: Sensex above 71,100; Nifty tops 21,350; TCS, Infy, HCL Tech lead

ITDC INIDA EPRESS/ ITDC NEWS: Nifty Today | Share Market Live Updates: India's key stock indices are seeing strong gains, trading at their record highs on Friday. Sensex crossed the 71,000 level, while Nifty topped the 21,300 mark led by gains in IT and metal stocks. The Nifty IT index soared 4% today led by TCS, Infy, HCL Tech. Markets are likely to maintain their upward trajectory fueled by a dovish stance from the Federal Reserve, hinting at potential rate cuts in 2024, coupled with a decrease in US bond yields and favorable domestic factors including India's upgraded GDP forecast and lower global oil prices.

Stocks in Asia and Europe were higher following signals by the Federal Reserve that a move to rate cuts was as near as 2024.

MSCI AC Asia Pacific Index rose to its highest since early August, with Hong Kong stocks rallying as much as 3.4% before ending with 2% gains. Nikkei closed 0.9% higher. Futures for European and US equities were steady after a technical indicator showed US stocks are in overbought levels.

15 Dec 2023, 02:52:08 PM IST

Nifty Today Live: Samvardhana Motherson to acquire Lumen Gr, Deltacarb SA for ?575 cr

Auto components major Samvardhana Motherson International Ltd on Friday announced acquisitions of Australia's Lumen Group and Deltacarb SA of Switzerland for nearly ?575 crore.

SAMVARDHANA MOTHERSON INTERNATIONAL

98.26-0.47 (-0.48%)

Updated - 15 Dec 2023

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15 Dec 2023, 02:37:43 PM IST

Nifty Today Live: India's exports declined by 2.83% to $33.9 billion

India's exports declined by 2.83% to $33.90 billion in November compared to $34.89 billion a year ago. Imports also declined to $54.48 billion. The country's trade deficit in November stood at $20.58 billion. (PTI)

15 Dec 2023, 02:22:30 PM IST

Nifty Today Live: Bank of Baroda to raise up to ?2,500 cr via Basel III compliant bonds

The public sector lender plans to raise up to ?2,500 crore via Basel III compliant bonds. It has got approval for a proposal to raise tranche I of Basel III compliant Tier II bonds with a base issue size of ?1,000 crore and a green-shoe option to retain oversubscription of up to ?1,500 crore.