IANS

Nifty recovered smartly from lower levels on Thursday following rebound in global markets and closed with gains of 105 points (up 0.5 per cent) at 21,255 levels, while the Sensex gained 358.79 points (0.51 per cent) to close at 70,865.

After a subdued start, the market reversed from the day’s low amid buy-on-dips strategy.

Two trends are important: one, the correction in mid and small-caps is almost double the correction in large-caps; two, DIIs turned big buyers towards the end of the trading day, he said.

A grand feast will also be run by Mahavir Mandir in Ayodhya for devotees from January 15 for one month.

All eyes are now on the US Supreme Court -- which is poised to play a major role in the 2024 election as it sits on a series of major Trump -- related cases, media reports said.

Others like Daryl Mitchell (INR 14 crore), Harshal Patel (INR 11.75 crore) and Alzarri Joseph (INR 11.50 crore) were among the big earners in the IPL Player Auction.

A soft 2Q guide despite a favourable comp, suggest trend reversal, if any, would be back-ended. In fact, lower end of Accenture’s FY24 organic growth guidance (now slightly below 0-3 per cent) implies no improvement even in 2H.

The steady rise in the US market which has helped the Dow to set a new record high, is exhibiting the same trend.

The fresh development comes two days after Mossad chief David Barnea met CIA Director William Burns and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani in Warsaw on Monday.

According to Motilal Oswal Financial Services, the unlisted corporate sector is not only much bigger than its listed counterpart, the latter has moved in a different direction vis-a-vis the former as per MOFSL estimates. What is more interesting is that while the financial position of listed sector has improved markedly in the post-Covid period (FY20-FY23), this is clearly not the case for the aggregate corporate sector. It means that the financial position of the unlisted corporate sector has weakened in the post-Covid period.