Stock market today: Nifty 50, Sensex slip ahead of CPI data; IT stocks shine on Fed rate cut optimism
Live MintIndian markets experienced a volatile session on Thursday, December 12, despite a strong handover from Wall Street, as investors exercised caution ahead of India's key retail inflation data, scheduled for release later in the day. Broader markets also saw declines, with the Nifty Midcap 100 finishing 0.46% lower at 59,021, and the Nifty Smallcap 100 index recording a steeper drop of nearly 1%, closing at 19,466. Meanwhile, the Nifty IT index reached a new high after US inflation data met expectations, boosting hopes for a Fed rate cut next week." IT outperforms, media stocks face pressure Indian IT stocks extended their winning streak to the fourth consecutive session today driven by heightened expectations of a Federal Reserve interest rate cut next week.