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The year 2019 is likely to be a year of transformation as several cross-nation and cross-industry wide forces take shape to alter the course of "business-as-usual.
Equity benchmarks ended the session on a positive note, but off the high points. The Nifty ended December series below 10,800.
Some selling in banks, automobiles, metals and pharmaceuticals weighed on benchmarks, while the Nifty Midcap index ended with gains of over one third of a percent.
At the close of market hours, the Sensex was up 157.34 points or 0.44% at 35807.28, while the Nifty was higher by 49.90 points or 0.47% at 10779.80. The market breadth was narrow as 1313 shares advanced, against a decline of 1233 shares, while 181 shares were unchanged.
Adani Ports, Reliance Industries, Tech Mahindra and ONGC gained the most, while Airtel, Hero MotoCorp, and Tata Motors lost the most.
HEADLINES OF THE DAY
Indian stock exchanges ranked second globally in terms of number of initial public offerings (IPOs), raising $5.52 billion from 161 offerings till November this year, according to a report.
Selan Exploration Technology said the board of directors approved buyback of fully paid-up equity shares at a price not exceeding Rs 300 per share, for an aggregate amount of Rs 25 crore.
Oil prices fell after soaring at least 7.9 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support.
The crucial resistance for Nifty spot is now seen at 10820 and above this 10980 Support for the immediate term is now placed at 10620 next support will be 10480.
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