Daily Markets Wrap - Dec 13, 2022 - HDFC Securities

Mr. Deepak Jasani, Head of Retail Research, HDFC Securities.

Nifty closed in the positive on Dec 13 after a flat session on Monday. Nifty kept inching up through the day after a higher opening and closed 0.60% or 110.9 points higher at 18608. Broad market indices rose less than the Nifty even as the advance-decline ratio stayed up at 1.15:1.

Global markets were cautious on Tuesday as global investors await the latest U.S. inflation data and hope to see signs that inflationary pressures are easing. China's shift away from its economically damaging zero-Covid policy continued to support sentiment as the world's number two economy opens up.

Softer CPI numbers in India boosted sentiments while poor IIP numbers restrained the rise. Nifty could now rise towards the 18668-18729 band while 18410 could offer support.

Source : Equity Bulls

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