Indian shares rise on lower US inflation, Sensex and Nifty up, financials and metals outperform

From Nasdaq: 2024-12-22 23:35:14

Indian shares surged after US inflation data was less than expected, easing concerns about interest rates. The S&P/BSE Sensex rose 493 points, and the NSE Nifty index was up 136 points. Financials and metals stocks led the gains, with Hindalco, Tata Steel, and HDFC Bank rising. UltraTech Cement dropped after a regulatory decision, while AGI Greenpac fell on fund raising reports. Brightcom Group soared 5%, and Indian Oil Corporation approved a major investment. Vedanta announced revisions to its demerger scheme, with little impact on its stock price.



Read more at Nasdaq: Sensex, Nifty Open Higher; Metal Stocks And Financials Outperform