At 14:27 IST, the barometer index, the S&P BSE Sensex, was up 173.66 points or 0.30% to 57,280.64. The Nifty 50 index added 36.05 points or 0.21% to 17,062.25.

The broader market declined. The S&P BSE Mid-Cap index declined 0.71% while the S&P BSE Small-Cap index lost 1.48%.

The market breadth was weak. On the BSE, 990 shares rose and 2366 shares fell. A total of 177 shares were unchanged.

Winter Session of Parliament:

The Winter Session of Parliament will begin from today. It is scheduled to conclude on 23rd December. The Session will spread over a period of 25 days and will have 19 sittings. Thirty-Six Bills and one financial item have been identified for being taken up during the Session.

Today, Farm Laws Repeal Bill 2021 has been listed for introduction and passing in the Lok Sabha. The Bill will repeal the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020, the Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, the Essential Commodities (Amendment) Act, 2020 and to amend the Essential Commodities Act, 1955.

Other important Bills which are listed in business schedule include the Cryptocurrency and Regulation of Official Digital Currency Bill, the Insolvency and Bankruptcy (Second Amendment) Bill and the Banking Laws (Amendment) Bill.

The Electricity (Amendment) Bill, The National Anti-Doping Bill and the Pension Fund Regulatory and Development Authority (Amendment) Bill will also be taken up during the session.

In Financial Business, the Second Batch of Supplementary Demands for Grants for the 2021-22 has been listed for discussion and voting. Three bills will also be taken up to replace the ordinances promulgated during inter-session.

Buzzing Index:

The Nifty Bank index added 238 points or 0.66% to 36,264.10, snapping its two day losing run. The banking index lost 3.78% in two days.

HDFC Bank (up 1.01%), SBI (up 0.48%), ICICI Bank (up 0.33%) and IndusInd Bank (up 0.22%) were top gainers in banking space.

Kotak Mahindra Bank jumped 4% after the Life Insurance Corporation of India announced that the Reserve Bank of India has allowed the life insurer to raise stake in bank up to 9.99%. As of 30 September 2021, LIC holds 4.96% stake in the private sector bank.

Numbers to Track:

The yield on 10-year benchmark federal paper rose to 6.334% as compared with 6.33% at close in the previous trading session.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 75.0450, compared with its close of 74.89 during the previous trading session.

MCX Gold futures for 3 December 2021 settlement rose 0.63% to Rs 47,885.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, rose 0.18% to 96.28.

In the commodities market, Brent crude for January 2022 settlement jumped $3.56 or 4.97% to $75.15 a barrel.

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