Dec 12, 03:55 AM

Nifty Ends Losing Streak; Bajaj Finance +11 and Trent +9 Lead Gains as Smallcap 100 Hits Record High

Indian equity markets showed signs of recovery as the Nifty index ended a three-session losing streak, led by strong performances from Bajaj Finance and Trent. The Nifty Smallcap 100 index reached a record high for the second consecutive session, although it traded flat at the end of the day. In sectoral movements, the Nifty Pharma emerged as the top gainer, while the Nifty PSU Bank was the biggest loser, declining by 0.7%. Key contributors to the Nifty included Infosys, which gained 21 points, Bajaj Finance with an 11-point increase, and Trent adding 9 points. Conversely, Reliance Industries and HDFC Bank saw declines of 10 and 8 points, respectively. Analysts have recommended stocks such as Tata Communications, Jio Financial Services, and United Spirits for potential buying opportunities. The GIFT Nifty futures indicated a positive start with a gain of 28 points, trading at 24,762 levels.