The Sensex rises 460 points, the Bank Nifty rises 0.45%, and the Nifty closes above 18400; M&M is the biggest winner.

Share Market News for Today | Sensex, Nifty, and Share Prices LIVE: Bulls make a return, snapping a two-day losing streak, as the NSE Nifty and BSE Sensex conclude higher in India.

Despite the markets' flat opening, the Nifty rose more than 150 points to close at 18,420, exceeding 18,400. The Sensex closed the day at 61,806, up 0.76%. When the entire market went from red to green intraday, the Nifty Junior or Nifty Next 50 rose by about 1%.

Nifty Auto was the leading gainer in the industry today, up 1.59%. The initial public offering (IPO) of KFin Technologies commenced for subscription today with a price range of Rs. 347-366 per share and was taken up 0.49 times.

The biggest hurdle for Nifty is 18,888." "The market had an unexpectedly positive day, with short covering and value buying dominating. With the exception of IT, all other sectoral indices closed in the black, with the auto and FMCG indices showing the highest increases. . net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/ The minutes of the RBI MPC meeting on December 21 will be thoroughly scrutinized. In the coming months, the market will be looking for clues about the inflation environment and the RBI's approach. Technically, 18,888 is the weakest barrier for the Nifty.

Expect the upward trend to continue "So far in December, our markets have been quite quiet. Following a big advance of three or four months, the market frequently experiences a time-correction. We feel that the 18000-17800 area should be regarded as a sacred support, and we believe that the upward trend will shortly continue. Given the Midcap index's positioning to conclude 2022 on a high note, we may see some showy developments in the broader end of the spectrum.

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