BULL RUN CONTINUE IN SHARE MARKET, ANALYST EXPECT THEIR UPWARD SWING DUE TO RALLY IN MID AND SMALL CAP SEGMENT

After a muted start, the benchmark went higher with Nifty inched closer to 21,400. The market ended higher for the second consecutive session on December 22 with Nifty above 21,300 amid buying across the sectors, barring banks.

At close, the Sensex was up 241.86 points or 0.34 percent at 71,106.96, and the Nifty was up 94.40 points or 0.44 percent at 21,349.40.

Wipro, HCL Technologies, Hero MotoCorp, Bajaj Auto, Hindalco and Tata Motors were the top gainers on the Nifty, while losers are Grasim, HDFC Bank, State Bank of India (SBI), and ICICI Bank.

According to analysts, Nifty and Sensex are likely to continue their upward trend due to a concentrated rally in select stocks. However, the concern in the market now is the excessive valuations in the mid and small-cap segments.