Stock Market Today: Closing Updates | Market Rebounds After Three-Day Slide
The losing streak has indeed been broken! It was such a relief for the investors on Thursday, December 11, to witness the Indian stock market moving up with good gains after three consecutive sessions of market declines. The US Federal Reserve was the one to thank for this day’s turn of events.
By cutting the interest rate by 25 basis points (and also sending a signal that there might be another one next year), the Fed gave a sort of universal implicit vote of confidence to the markets. The Indian stocks right then and there took off as the dollar index dropped by 0.25%. If you were monitoring “stock market today,” this was the comeback of the investors that they were waiting for.
Stock Market Today: Sensex And Nifty Close Higher
The Sensex ended 427 points, or 0.51%, higher at 84,818.13, while the Nifty 50 closed at 25,898.55, gaining 141 points, or 0.55%. Broader markets also participated in the rally, with the BSE Midcap and Smallcap indices rising 0.79% and 0.51%, respectively.
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Sensex: 84,818.13
Change: +426.86 (0.51%) -
Nifty 50: 25,898.55
Change: +140.55 (0.55%)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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