As seen from the trend in the GIFT Nifty which indicates a positive start, the benchmark Sensex and Nifty indices are likely to see a gap-up on December 15 with a gain of 79 points.
On December 14, the BSE Sensex reached an all time high at 70,500 levels, rising 930 points to 70,514 after the commentary by the Federal Chair Jerome Powell, while the NIfty 50 closed at an all time high of 21,183, up 256 points.
US stocks exhibited a positive trend on thursday, with the Dow Jones Industrial Average reaching a high close for the second time straight. This was due to the optimism that the fed rates will decrease next year following a dovish pivot by the Federal Reserve.
The S&P 500 reached 4,719.55 climbing 0.26 percent. Still it remains down less than 2 percent from its record high close in January 2022.
In over 15 years, the Bank of England kept interest rates at the highest level as its policy makers remained with their fhigher-for-longer message although market expects a wave of cuts in 2021
The Monetary Policy Committee made its decision to keep the key policy rate at 5.25 percent for the third consecutive meeting, according to the decision released on thursday.
Foreign institutional investors (FIIs) net bought shares worth Rs 3,570.07 crore, while domestic institutional investors (DIIs) purchased Rs 553.17 crore worth of stocks on December 14, provisional data from the National Stock Exchange (NSE) showed.
Written by Nalin Suriya S
