Sensex, Nifty Clock Record Closing Highs Led By Auto, Energy Stocks Today (December 16, 2020)

INSUBCONTINENT EXCLUSIVE:
Stock Market Updates: Gains across auto, metal and pharma shares supported the markets.Domestic stock markets soared to record highs on
The S-P BSE Sensex index jumped 441.8 points, or 0.95 per cent, to touch an all-time high of 46,704.97 during the session, and the broader
NSE Nifty 50 benchmark climbed to a record high of 13,692.35
Gains across automobile, metal and pharmaceutical shares supported the surge.The Sensex ended 403.29 points, or 0.87 per cent, higher at
highs.Hindalco, Bharti Airtel, HDFC, ONGC and Divi's Laboratories, closing between 2.59 per cent and 2.84 per cent higher, were the top
finishing down 0.66-1.07 per cent each, were the worst hit among 14 laggards in the index.HDFC, HDFC Bank, Tata Consultancy Services and
Infosys were the biggest boosts to Sensex, together contributing more than 250 points to the 30-scrip index.Credit ratings agency Standard -
Poor's on Tuesday improved its forecast for India's economy
earlier.Mahindra and Mahindra shares ended 1.89 per cent higher, a day after the auto maker said it would increase the price of its
Pacific shares outside of Japan trading 0.60 per cent higher at the last count, following two straight days of losses.European share markets
started the day on a positive note, with the United Kingdom's FTSE 100 benchmark index trading 1.08 per cent higher at the last count
package increased after House of Representatives Speaker Nancy Pelosi invited other top congressional leaders to meet late on Tuesday to
hammer out a deal to be enacted this week.Markets will now look to the Federal Reserve for new projections on whether the economy will
suffer a double-dip recession or is on the cusp of a vaccine-inspired boom
The US central bank is to release a statement later in the day, with analysts expecting some guidance on when and how it might change its
bond purchases.