Stock market today: Nifty 50, Sensex close higher on rebound in Adani stocks; smallcaps outperform | Stock Market News
Source: Live Mint
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.
