Stock Market Today 19 Dec: Supported by positive cues from global markets, the Indian stock market opened in the green today. In early trading around 10 AM, Sensex was trading 500 points or 0.59 percent higher at 84,990. The Nifty index also rose by 142 points or 0.55 percent to trade at 25,960.00. Analysts said that immediate resistance is seen at 25,900-26,000, while major support levels are at 25,700 and 25,600. Meanwhile, investors remain cautious due to several significant global and domestic factors. Let’s take a detailed look at why the stock market saw a significant surge today.
Top Gainers and Losers Shares
A buying trend was observed in the shares of several leading companies. Shares of TPV, Eternal, Infosys, Power Grid, BEL, Sun Pharma, and Bajaj Finserv gained up to 1.5 percent and emerged as the top-performing stocks on the Sensex. On the other hand, ICICI Bank and Bharti Airtel were the only stocks that saw a decline during early trading.
Stock Market Today, December 19
Sectorally, all indices witnessed gains. The Nifty Healthcare index registered the highest gain, rising by 1.14 percent, followed by the Nifty Pharma index, which rose by 1.1 percent. The Nifty Auto index also gained approximately 0.5 to 0.57 percent. Broader markets also showed a positive trend, with the Nifty Midcap index gaining 0.45 percent, while the Nifty Smallcap index rose by 0.47 percent.
Bank of Japan Raises Interest Rates
Domestic stock markets opened higher on Friday, buoyed by positive cues from Asian markets after the Bank of Japan (BOJ) raised interest rates to their highest level in 30 years. The Bank of Japan increased its policy rate by 25 basis points to 0.75 percent, marking a significant shift in Japan’s long-standing ultra-loose monetary policy.
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