{"id":6142,"date":"2025-12-17T06:11:27","date_gmt":"2025-12-17T06:11:27","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6142"},"modified":"2025-12-17T11:18:23","modified_gmt":"2025-12-17T11:18:23","slug":"vedanta-up-by-030-and-hcl-tech-up-by-038-drive-action-indices-start-green-as-oil-hits-multi-year-lows","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/vedanta-up-by-030-and-hcl-tech-up-by-038-drive-action-indices-start-green-as-oil-hits-multi-year-lows\/","title":{"rendered":"Morning Brief: Vedanta and HCL Tech Rise; Indices Start Green as Oil Hits Multi-Year Lows"},"content":{"rendered":"

The Indian stock markets opened with a marginally positive bias this Wednesday, December 17, as investors cheered a massive drop in global crude oil prices. With oil plunging to $55 per barrel, its lowest level since 2021, the broader market sentiment is finding support from the prospect of a lower import bill for India. While the indices are holding steady, two major names are commanding the spotlight today: Vedanta and HCL Technologies.<\/span><\/p>\n

The action is driven by significant corporate developments. Vedanta is in focus following the NCLT\u2019s approval of its demerger plan, while HCL Technologies is in the spotlight due to a strategic skilling partnership with the NSE Academy.<\/span><\/p>\n

Here is a comprehensive look at the market action, key corporate deals, and the stocks making headlines today.<\/span><\/p>\n

Market Snapshot and The Macro Picture<\/b><\/h2>\n

As of 9:19 AM IST, the NIFTY 50 index was trading at 25,874.00, registering a gain of 13.90 points or 0.054 percent. The session began against the backdrop of a significant collapse in energy markets.<\/span><\/p>\n

Stock Market News reports indicate that WTI crude prices plunged by 2.7 percent overnight to settle at $55.27 per-barrel. This marks the lowest close since February 2021. With prices now down 23 percent year-to-date, oil is on track for its worst annual performance since 2018.<\/span><\/p>\n

Oil prices fell because there is more supply than demand. Major producers like the US and OPEC+ are keeping production high, overflowing the market.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> NSE,<\/span><\/i><\/a> Economic Times)<\/span><\/i><\/span><\/p>\n

Economic Impact: Oil vs. Rupee<\/b><\/h2>\n

The fall in oil prices presents a mixed bag for the Indian economy. A weaker Rupee typically makes imports costlier. However, the scale of the drop in crude oil prices offers significant relief.<\/span><\/p>\n