Morning Alert : The market on December 9 closed higher amid | Equity99

Morning Alert :

The market on December 9 closed higher amid volatility, continuing uptrend for the third consecutive session with the Nifty50 combing back above 17,500 mark, backed by major stocks ITC, L&T, Reliance Industries, Infosys and ICICI Bank.

The broader market outperformed frontliners, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.6 percent and 1.24 percent respectively.

US Markets

Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve's meeting next week.

Oil settles lower as China developer downgrades add to fears of demand outlook:
Oil prices settled lower on Thursday on fears about the economic outlook in the world's biggest oil importer following ratings downgrades to two Chinese property developers, and after some governments took measures to fight the Omicron variant of the coronavirus.

Stocks in News:

Infosys: Infosys Equinox collaborated with Packable to help amplify its direct to consumer e-commerce offerings for its brand partners

HFCL: The company closed the qualified institutional placement issue and raised Rs 600 crore by allocating 8,72,72,727 equity shares at issue price of Rs 68.75 per equity share.

Sequent Scientific: Infinity Holdings sold 1,46,85,986 equity shares in the company at Rs 157.02 per share on the BSE