Sensex gains 226.59 points; Nifty rises by 63.2 points; Rupee hits all-time low of 85.81 against dollar
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- Sensex and Nifty close in positive territory: On December 27, 2024, the Sensex gained 226.59 points to settle at 78,472.48, while the Nifty rose by 63.2 points to close at 23,750.2, with Mahindra & Mahindra leading the gains with a 76% growth this year. Conversely, Tata Motors was the only laggard, declining by 3% year-to-date.
- Rupee breaches all-time low against the dollar: The Indian rupee dropped to an all-time low of 85.81 against the US dollar due to strong dollar demand, although it recovered slightly afterward. This decline was influenced by expectations of fewer Federal Reserve rate cuts and a widening trade deficit.
- Market sentiment subdued ahead of US administration swearing-in: The trading sentiment remained cautious due to a lack of major triggers and anticipation surrounding the swearing-in of the new US Republican Party administration, impacting market performance.
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