Live: Can Nifty claim new lifetime highs in December series? | Opening Bell
Nifty extended its losing streak for a third straight session, failing to hold above 26,000 and slipping below 25,900. BEL, Hindalco and SBI were among the top gainers, while Tata Motors PV, Trent and Infosys declined. Realty, PSU banks and metal stocks led sectoral gains even as media, IT and durables moved lower. The broader market outperformed with midcaps and smallcaps staging a rebound. Investors stayed cautious ahead of US inflation data and signals from the Federal Reserve. This morning, global cues were positive. US markets ended higher overnight as reports emerged that White House Economic Council Director Kevin Hassett was being considered as the next Fed chair. Asian markets also started the day on a positive note, tracking strong Wall Street cues. Catch Lovisha Darad in conversation with Ruchit Jain, Vice President – Technical Research, Motilal Oswal Financial Services and Arvind Chari, Chief Investment Strategist, Q India Corp ( UK).