Indian benchmark indices experienced significant volatility in today’s session, as a rebound in Adani Group stocks was offset by weak performances from heavyweights, leading to wide fluctuations throughout the day. However, the indices managed to close with healthy gains.
Positive developments in the Middle East also contributed to the rebound, with Israel and Hezbollah agreeing to a ceasefire. This eased geopolitical tensions and helped cool down crude oil prices, providing further support to the markets.
Additionally, minutes from the Federal Reserve’s November meeting, released on Tuesday, revealed that officials are confident inflation is easing, and the labor market remains strong. This has led to expectations of further interest rate cuts, though they will likely be implemented at a gradual pace.
The Nifty 50 ended the session with a solid gain of 0.33%, closing at 24,274, while the Sensex also posted a notable gain of 0.30%, settling at 80,246.
The broader market outperformed in today’s trade, with the Nifty Midcap 100 index rising by 0.65%, closing at 56,279 points. The Smallcap 100 index saw an even sharper gain of 1.35%, ending at 18,511.95 points.
