Brief by Shorts91 Newsdesk / 07:39am on 23 Dec 2024,Monday Business
Breaking a week-long losing streak, the S&P BSE Sensex soared 802.66 points to 78,844.25, while the NSE Nifty50 jumped 243 points to 23,828.60. Banking, IT, and metal stocks led the recovery, with Reliance Industries and HDFC Bank gaining up to 1.7%. Metal stocks surged 1.3% following a safeguard probe into steel imports. Analysts raised HDFC Bank’s target price to ₹2,100, citing strong asset quality. Global cues supported the rally as Asian markets rose amid subdued US inflation. Despite the gains, experts remain cautious, emphasizing the need for sustained economic growth to ensure market stability.
