Indian indices end higher for the second straight day with decent gains

Major headlines

L&T bagged order in range of Rs. 1,000-2,500 crore from Rail Vikas Nigam Ltd
Confidence Petroleum secured a contract from Gujarat Gas for commissioning of CNG dispensing stations
Zydus Cadila launched affordable oral anti-diabetic tablet Vinglyn
Tech Mahindra bagged Rs. 500 crore Smart City project in Pune

Indian indices

The benchmark indices rose for second consecutive day on December 12, to turn positive for the week. Nifty fails to hold 12,000 which was seen after four sessions. At the end Sensex rose by 0.42% or 169.14 points to 40,581.71. The Nifty was up 0.52% or 61.65 points to 11,971.80.

Global signals

Asian markets mostly rose on December 12, after the Federal Reserve kept interest rates steady, putting an end to the year’s series of rate cuts.

European stock markets were higher on December 12, after the US Federal Reserve signaled that it did not plan to raise interest rates in 2020.