Key Points Ahead of Market Opening: Sensex and Nifty Likely to Open Flat

On December 18, the benchmark Sensex and Nifty indices are poised for a relatively flat opening, as per indications from the GIFT Nifty, projecting a marginal gain of 4 points for the broader index.

The recent bullish trend persisted on Dalal Street, marking new milestones on December 15. Investor enthusiasm remained robust, buoyed by the dovish stance adopted by the US Federal Reserve. Additionally, a strengthening rupee added to the positive sentiment pervading the market.

Closing figures from the previous session showcased significant gains, with the Sensex concluding at 71,483.75, up by 969.55 points (1.37%), while the Nifty surged by 273.95 points (1.29%) to settle at 21,456.65. The market dynamics favored gainers, indicating a positive breadth across various sectors.

The Bank Nifty surged beyond the 48,000 mark for the first time, marking a notable milestone in its trajectory. Another significant sector, Nifty IT, representing the information technology domain, attained a 20-month peak, underscoring its substantial contribution to recent market movements.