RSS Senex, Nifty Recover From Early Loses

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 RSS Senex, Nifty Recover From Early Loses

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Indian equities managed to rebound from initial declines, ultimately closing with minimal movement on Tuesday.

The S&P BSE Sensex finished at 78,139.01, slipping by 109.12 points, or 0.14%. This decline can be attributed to persistent foreign institutional investor (FII) selling on the last trading day of the year.

The broader NSE Nifty index concluded the session with a slight negative tilt at 23,644.80. During the day's trading, the Sensex and Nifty touched lows of 77,560.79 and 23,460.45, respectively. This was largely driven by a stronger U.S. dollar and heightened U.S. Treasury yields, which exerted pressure on emerging market assets.

The broader market, however, outperformed the benchmark indices, as the BSE's mid-cap and small-cap indices rose by 0.1% and 0.7%, respectively. Market breadth displayed positivity, with 2,331 stocks advancing, 1,642 declining, and 106 remaining unchanged on the BSE.

In the Nifty pack, companies such as SBI Life, Infosys, TCS, Tech Mahindra, and Adani Enterprises saw declines of 1-2%, while Coal India, Trent, Kotak Mahindra Bank, ONGC, and BEL experienced gains between 2-3%.

Venus Remedies rose by 1.8% following the issuance of a good manufacturing certification by Moldova's Ministry of Health for its carbapenem facility.

Rail Vikas Nigam Limited witnessed a 3.5% surge, breaking a nine-day losing streak, after emerging as the lowest bidder for a Centra l Railway project valued at Rs. 137 crore.

The material has been provided by InstaForex Company - www.instaforex.com
 
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