{"id":53880,"date":"2024-12-12T04:23:22","date_gmt":"2024-12-12T04:23:22","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/12\/sensex-nifty-struggle-for-direction-ahead-of-macro-data-it-stocks-surge\/"},"modified":"2024-12-12T04:23:22","modified_gmt":"2024-12-12T04:23:22","slug":"sensex-nifty-struggle-for-direction-ahead-of-macro-data-it-stocks-surge","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/12\/sensex-nifty-struggle-for-direction-ahead-of-macro-data-it-stocks-surge\/","title":{"rendered":"Sensex, Nifty Struggle For Direction Ahead Of Macro Data; IT Stocks Surge"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares struggled for direction on Thursday ahead of domestic CPI inflation and industrial output figures due out later in the day.<\/p>\n<p>The benchmark S&amp;P\/BSE Sensex was up 27 points at 81,553 in early trade while the broader NSE Nifty index was down 7 points at 24,635.<\/p>\n<p>IT stocks traded higher, with Infosys, TCS, Wipro and Tech Mahindra rallying 1-2 percent. <\/p>\n<p>Reliance Power jumped nearly 5 percent after it formed a new arm for renewable energy <span class=\"landLinks\">business<\/span>. <\/p>\n<p>Reliance Infrastructure climbed 2 percent. The Supreme Court has issued a contempt notice to its subsidiary Delhi Airport Metro Express Pvt Ltd over non-refund of dues.<\/p>\n<p>Jubilant Foodworks tumbled more than 3 percent after the Group agreed to acquire a 40 percent stake in Hindustan Coca-Cola Holdings.<\/p>\n<p>State Bank of India shares dropped half a percent. The state-run has invited counter bids from entities interested in acquiring bad debt of Rs 52,074 crore in Jaiprakash Associates (JAL) through a Swiss challenge auction.<\/p>\n<p>Shriram Finance edged down slightly after completing the sale of its entire stake in its housing finance subsidiary. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Struggle For Direction Ahead Of Macro Data; IT Stocks Surge<\/a><br \/>\n<br \/>2024-12-12 04:23:22<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares struggled for direction on Thursday ahead of domestic CPI inflation and industrial output figures due out later in the day. The benchmark S&amp;P\/BSE Sensex was up 27 points&#8230;<\/p>\n","protected":false},"author":2,"featured_media":53881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-53880","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=53880"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/53881"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=53880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=53880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=53880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}