Indian equity benchmark -- Nifty -- ended Wednesday's trading session in a positive session, ahead of US consumer price inflation later in the day, which could provide more clarity on the Federal Reserve's interest rate trajectory. Market made positive start and traded in green with volatility, as sentiments got some support with Union Minister of Commerce and Industry, Piyush Goyal’s statement that by 2027, India will be the world's third-largest economy, ahead of Japan and Germany. Traders may take note of a report by the State Bank of India (SBI) said the Indian rupee may experience some volatility in the early days of Donald Trump’s presidency, but it is likely to stabilise soon after, terming this short-term phenomenon as Trump Tantrum.
In afternoon session, index continued to trade in green, as sentiments remained optimistic amid a private report stating that India stands out as a promising market with vast untapped potential, as the country remains below the global average in product penetration across several key sectors. In late afternoon session, market wavered between green and red. But soon gained traction in last leg of trade. Traders took some support as India's trade deficit narrowed to $21.94 billion in December from November's revised $32.84 billion, as exports grew last month while overseas shipments went down on sequenial basis.
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