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The Indian market trading at near-record highs is likely to pick up momentum, as anecdotal evidence of the past 11 years suggests that December belongs to the bulls. The Sensex and the Nifty hit a record high of 41,163 and 12,158, respectively, on November 28, and are less than a percent away from breaking into a new territory.

Conflicting signs from the US and China on the trade deal and the Reserve Bank of India’s status quo on rates put brakes on the bull surge as both the Sensex and the Nifty closed the week with losses of about 1 percent. The Nifty, which hit a record high of 12,158 last week, failed to hold onto the momentum and closed with losses of 1.1 percent for the week ended December 6.

Kotak Securities expects BSE Sensex to touch 45,500 and Nifty-50 to touch 13,400 by December 2020. On December 6, Sensex and Nifty both fell 0.82 percent to close at 40,445 and 11,921, respectively.

Investors should shift from overvalued stocks (quality names) and sectors (like consumer) to cyclical and quality mid-small caps, Vinod Nair, Head of Research at Geojit Financial Services, says in an interview to Moneycontrol’s Kshitij Anand.

NSE Nifty was in no hurry to breach double top resistance level at 12,103 on Thursday, as the index ended with a marginal loss after coming off from day’s high. The domestic stock market opened higher, but gave up its early gains to slip below the 12,000 level after RBI monetary policy announcement. After recovering a bit in late trade, the 50-stock pack ended with a loss of 24.80 points or 0.21 per cent at 12,018.40.

Nifty50 opened on a positive note on Thursday, but remained volatile throughout the session, as RBI surprised markets by maintaining status quo. The index took support around the psychological important 12,000 mark, and concluded the session with a marginal loss to form a Red Body Candle on the daily chart.

Equity market benchmarks ended lower on December 5 after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained status-quo on rates as against a widely-anticipated 25 basis points (bps) rate cut.

Indian market witnessed pared gains and slipped in red after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to maintain a status-quo stance on rates as against a 25 bps rate cut which was widely expected.

The late surge helped the market close in the green on December 4. The Nifty finally settled at 12,043 up by 0.41 percent. Broader market indices BSE Midcap and Smallcap were up by 0.5 percent and 0.3 percent.

After three sessions of losses, the domestic stock market finally formed a base and moved higher on Wednesday. NSE Nifty defended its crucial levels despite making a negative start and slipping below the 12,000 level during the day. The index made a sharp recovery at the fag-end and ended with a gain of 49 points or 0.41 per cent at 12,043.20.

Nifty50 had a roller-coaster ride on Wednesday, as it opened with marginal losses, but remained highly volatile and finally managed to reclaim its bullishness to settle near the 12,050 mark. The index closed with the gain of around 50 points and formed a bullish candle similar to a Bullish Piercing Line pattern on the daily scale.

You have to remain in banks or be a little overweight in some of the banks, says Mahantesh Sabarad, Head, Retail Research, SBICAP Securities. Excerpts from an interview with ETNOW.

Equity benchmarks ended in the green on December 4 supported by buying at the fag end of trade on the eve of RBI's monetary policy meet outcome. Investor sentiment turned positive on news that the US and China were close to signing a trade deal despite the recent heated rhetoric.

The Nifty50 recouped losses and closed in the green after three sessions of decline. The index closed above its crucial support placed at 12,000 levels, and above its 5-Days EMA placed at 12,039. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 178 points to 40,850 while Nifty50 closed 49 points higher at 12,043 on Wednesday.

The domestic stock market continued to consolidate, as NSE Nifty fell for a third straight session on Tuesday. The equity market saw a mildly positive start, but slipped into the red after a few minutes. The index continued to grow weaker as the day progressed and finally settled below the 12,000 level, with a loss of 54 points or 0.45 per cent at 11,994.20.