Sensex climbs 460 points, Bank Nifty increases 0.45%, and the Nifty closes above 18400; the highest winner is M&M.

Today's Share Market News | Sensex, Nifty, and Share Prices LIVE: Bulls launch a comeback, ending a two-day losing trend, as the local Indian indices NSE Nifty and BSE Sensex close higher.

The Nifty climbed more than 150 points to close at 18,420, surpassing 18,400 despite the markets' flat opening. At 61,806, the Sensex ended the day up 0.76%. The Nifty Junior or Nifty Next 50 increased by nearly 1% when the whole markets changed intraday from red to green.

With a gain of 1.59% today, Nifty Auto was the leading industry gainer. KFin Technologies' initial public offering (IPO) began for subscription today with a price range of Rs. 347-366 per share and was taken up 0.49 times.

Largest obstacle for Nifty is 18,888

"Dawal Street experienced an unexpectedly bullish day, with short covering and value buying dominating the market. Except for IT, all other sectoral indexes finished in the green, with the auto and FMCG indices posting the largest gains.

The release of the minutes from the RBI MPC meeting on December 21 will be closely watched. The street will be on the lookout for hints about the inflation environment and the RBI's strategy in the upcoming months. Technically, 18,888 is the smallest barrier for the Nifty.

Expect upward momentum to persist "Our markets have been rather quiet so far in December. After a significant uptrend over the previous three or four months, the market is often experiencing a time-correction. We believe that the range of 18000–17800 should be viewed as a sacred support, and we anticipate that the rising trend will soon continue. We might witness some flashy changes in the wider end of the spectrum given the placement of the Midcap index to close 2022 on a high note.

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