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The Dow Jones Industrial Average rose 145.72 points, or 0.44%, at the open to 33,021.43

Reliance Consumer Products will acquire 51% stake from the promoter and promoter group entities of the confectionary maker and make an open offer to the public shareholders to acquire an additional 26% stake

Brent futures for February fell 96 cents, or 1.15%, to $82.30 a barrel by 1208 GMT. The more active March contract fell 1.2% to $82.98/bbl, after falling by over $2 earlier in the session.

The Nifty50 index closed 68 points or 0.38% higher at 18,191, while the S&P BSE Sensex rose 223 or 0.37% to 61,134. Meanwhile, broader markets underperformed the headline indices.

Tesla has tumbled more than 42% in December alone, driving it to a loss of 68% this year — marking a radical about face for a stock that surged during the low-rate era of the pandemic.It’s a rare victory for the shorts, whose 89% return comes after several years of significant losses, S3’s Ihor Dusaniwsky said. About 2.9% of Tesla’s free float is held short, according to S3 data.

The momentum indicator RSI (14) is in a bullish crossover. Chart readers said Nifty is placed at the edge of an upside breakout of the crucial hurdle at 18200 levels. “For Nifty the target is seen at 18221 and then on the upside, major hurdles will be at the 18,473 mark,” said Prashanth Tapse of Mehta Equities.

The OFS will see the sale of shares to the tune of Rs 544.41 crore by Vijaykumar Raghunandanprasad Agrawal, Rs 212.41 crore by Nimai Vijay Agrawal and Rs 43.18 crore by Prabha Vijay Agarwal.Going by the draft papers, the company may explore a pre-IPO placement. If such a placement is undertaken, the size of the fresh issue will be reduced.

Major central banks, including the Bank of Japan have showed concerns regarding inflation and are expected to raise rates further in the next year. Focus today will be on the US weekly jobless claims data," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.

“We are selectively bullish on NBFCs but one should keep in mind that the frenzy of retail credit has reached a stage where chances of it going up further is much lower compared to its remaining steady. We need to be cautious in this sector but the opportunity size is so big that if somebody wants to invest for a very long term, they can look into it.”

From the Sensex pack, Bharti Airtel, SBI, Axis Bank and Tata Steel were the top gainers, rising about 1.5-2%. ICICI Bank, IndusInd Bank, Sun Pharma, M&M and Wipro also closed with gains