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Stocks that were in focus included names like Vedanta, which fell 3.32%, Hindalco, which jumped 4.25%, and PEL, whose shares gained 1% on Wednesday.

Software firm MicroStrategy said on Wednesday it had bought bitcoin worth about $615.7 million in cash, amid growing expectations that the top U.S. markets regulator will soon approve a spot bitcoin exchange traded fund (ETF).

Gold prices climbed to a three-week high on Thursday as the U.S. dollar and bond yields touched multi-month lows on mounting bets that the U.S. central bank will start to cut interest rates as early as March next year.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

On December 27, the closing prices of four stocks from the NSE largecap pack rallied over 1% relative to the VWAP.

Sanil Kumar KV says: "The surge in SIPs reaching Rs 17,000 crore in 2023 reflects a growing awareness among retail investors about the power of compounding. Salaried individuals should consider continuing SIPs until retirement, leveraging technology to start early, and benefit from the ease of accumulating wealth through consistent and disciplined investment practices. This approach aligns with the crorepati dream, emphasizing the significance of long-term financial planning."

Vedanta has been paying hefty dividends over the past few quarters as it looks to support parent UK-based Vedanta Resources, which is currently looking at debt obligations of around $4.5 billion between now and March 2025.

The influx of foreign money after a three-year hiatus has kept local sovereign bond yields - and therefore corporate borrowing costs - anchored amid a volatile inflation environment and a tight liquidity stance by the Reserve Bank of India (RBI).

The Sensex gained 0.98%, or 701.63 points, to close at 72,038.43 after touching an all-time high of 72,119.85. The Nifty advanced 1%, or 213.40 points, to close at 21,654.75, off the record high of 21,675.75. The Nifty Bank index rose 1.2% to a record closing level of 48,282.20.