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livemint.com / 5 months ago
Stock recommendations for 12 December from MarketSmith India
Subscribe to enjoy similar stories. Indian equities snapped a three-day losing streak to close significantly higher, driven primarily by positive global sentiment following the US Federal Reserve's 25-basis-point rate cut, which signalled a shift in monetary policy. The Nifty 50 rallied more than 140 points, or 0.55%, settling near 25,900, while Sensex advanced 427 points, or 0.51%, to close at 84,818.13.
The recovery was broad-based, with Nifty Midcap 100 and Smallcap 100 also gaining nearly 1% and 0.8% respectively, pointing to renewed risk appetite. On the sectoral front, Auto and Metal stocks were the top performers, rising more than 1% each. The session exhibited a favorable advance-decline ratio, with significantly more stocks moving upward than downward, reflecting strong market breadth.
Indian equities closed higher on December 11, with Nifty 50 advancing 0.55% to end at 25,898.55, supported by broad-based buying and firm global cues. The index sustained gains through the session after an initial dip, with intraday support emerging near 25,700 and resistance visible around 25,920. On the sectoral front, Nifty IT, Auto, Pharma, Consumer Durables, and Financials led the uptrend, with IT and Auto particularly strong amid improved risk sentiment.
FMCG and Healthcare also posted steady gains, while Media and Oil & Gas were mild laggards. Market breadth was constructive, reflecting a healthy undertone: of the traded stocks, 1,921 advanced, 1,187 declined, and 99 remained unchanged, indicating a robust advance–decline ratio of ~3:2. Banking indices, including Private Bank and PSU Bank, contributed meaningfully, reinforcing support at lower levels.
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