Share Market Highlights 14 December 2023: Sensex settles above 70k, Nifty closes at 21,183 on Fed’s rate cut prospects

Sensex, Nifty updates on 14 December 2023: Indian markets surged on Thursday, driven by positive global cues amidst the US Federal Reserve’s dovish stance. With rates unchanged for the third consecutive time due to easing inflation, the Fed anticipates three rate cuts in the coming year. While NSE Nifty advanced 256.35 points or 1.23% to 21, 182.70, BSE Sensex climbed 929.60 points or 1.34% to 70,514.20. Within the Nifty pack, major gainers included Infosys (3.93%), Tech Mahindra (3.67%), LTIMindtree (3.54%), Wipro (3.42%) and HCL Tech (3.24%). Conversely, major losers were Power Grid (1.90%), HDFC Life (1.75%), Nestle India (0.98%); Cipla (0.95%) and JSW Steel (0.63%). Major stocks that hit a 52-week high include Onward Technologies (19.99%), Tera Software (18.70%), Cyber Media (18.26%), Housing & Urban Development (17.81%), and HOV Services (14.72%). Read More | Source: The Hindu Business Line