Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 95 points or 0.48% to settle at 19,889.70, while the BSE Sensex jumped 204 points or 0.31% to 66,174.21. The broader indices ended largely in positive territory, with gains led by Midcap and Smallcap stocks. Bank Nifty index jumped 111.85 points or 0.26% to settle at 43,880.95. Oil&Gas and Auto stocks outperformed among the other sectoral indices while Healthcare, and Pharma stocks shed. Adani Enterprises, Adani Ports and SEZ, Tata Motors, BPCL, and Coal India were the top gainers on the NSE Nifty 50, while the laggards included Cipla, Apollo Hospitals, Hindustan Unilever, Sun Pharma, and ITC. The Indian Volatility Index (India VIX) closed up by 7.45%.
(Source: NSE)
14:11 (IST) 28 Nov 2023 Adani shares zoom
Adani Enterprises and Adani Ports & Special Economic Zone continue to lead the gains on the NSE, having advanced over 10% and 5% during intra-day trade on Tuesday.
13:49 (IST) 28 Nov 2023 Buzzing Stocks
Hindustan Petroleum, MCX India, Max Financial, IOC, and NMDC are the stocks trading at their 52-week high.
13:19 (IST) 28 Nov 2023 Stock in News
The share of Vascon Engineers is trading up by more than 5% in intra-day trade following the news that the board of directors will be meeting on November 30 to consider raising funds through the issuance of equity shares.
12:19 (IST) 28 Nov 2023 Top losers on F&O
Polycab, Birlasoft, Coforge, Aurobindo Pharma, and Coromandel International are the top losers on F&O basket.
12:08 (IST) 28 Nov 2023 Markets so far
” Today’s opening for Nifty at 19,844.65, up from the previous closing value of 19,794.70, reflects the overall optimistic market sentiment. Similarly, Sensex, which concluded last Friday at 65,970.04, saw a slight gain with today’s opening at 66,063.72. Nifty is currently trading within the range of 19,800 to 19,850. Notably, the Maximum Call Open Interest (OI) is observed at 19,900, while the Put OI remains robust at 19,800. This suggests that 19,900 serves as a crucial resistance, while 19,800 acts as a strong support. Despite the positive trends in Nifty 50 and Sensex at the start of the trading session, still the market is eagerly awaiting some news that could potentially trigger a breakout or breakdown,” said Shrey Jain, Founder and CEO, SAS Online.
11:57 (IST) 28 Nov 2023 Mid-day Statistics
10:44 (IST) 28 Nov 2023 Adani Enterprises shares soar
The share price of Adani Enterprises soared over 7% to Rs 2,381.90 during intra-day trade on Tuesday. The northward trend followed the news that the Supreme Court concluded the hearing of a batch of PILs seeking a court-monitored investigation into Adani-Hindenburg for violations of stock market regulations. Previously, on Friday, the Securities & Exchange Board of India informed the Supreme Court that it would not seek an extension to complete a probe into Gautam Adani’s group.
10:28 (IST) 28 Nov 2023 USD-INR outlook
“Upside attempts persisted on Friday, but 83.4 stood firm. Look for a pull back, but not exceeding 83.26, followed yet another attempt to overcome 83.4. Slippage below 83.26 could signal loss in strength, calling for consolidation inside 83.19 – 83.02 again,” said Anand James, Chief Market Strategist at Geojit Financial.
10:16 (IST) 28 Nov 2023 Early gainers on NSE
Adani Enterprises, Adani Ports anD SEZ, BPCL, Hindalco Industries, and Tata Motors are the top gainers on NSE Nifty 50 index.
09:57 (IST) 28 Nov 2023 Hero MotoCorp soars
The shares of Hero MotoCorp hit their 52-week high, trading 52.40 points or 1.48% up at Rs 3,601 in intra-day trade.
09:51 (IST) 28 Nov 2023 Derivative outlook
“Nifty weekly contract has highest open interest at 19,900 for Calls and 19,800 for Puts while monthly contracts have highest open interest at 19,900 for Calls and 19,800 for Puts. Highest new OI addition was seen at 19,800 for Calls and 19,450 for Puts in weekly and at 19,800 for Calls and 19,450 for Puts in monthly contracts. FIIs increased their future index long position holdings by 8.58%, increased future index shorts by 1.24% and in index options by 22.67% in Call longs, 18.21% in Call short, 27.17% in Put longs and 28.89% in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:40 (IST) 28 Nov 2023 Broader View
“The market construct is turning favourable aided by global and domestic factors. Globally there is tailwind from the US market with S&P 500 up by 8.7% so far this month, which, in turn, is supported by falling US bond yields. Domestically, macro indicators suggest strong growth momentum in the economy. Record order inflows for capital goods companies and robust credit growth are strong indicators of the growth momentum in the economy. The only unknown now is the outcome of the state election results. The exit polls on Thursday are likely to give indications of the election outcomes and its impact on the crucial General election in 2024. The US inflation data on Thursday and the Powell speech on Friday will influence global market trends. This week is likely to be volatile but a rally is likely soon. FIIs have already turned buyers. FII and DII money flows can trigger a large-cap led rally,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:27 (IST) 28 Nov 2023 Bank Nifty Outlook
“Bank Nifty witnessed some pullback since the last session from near the significant 200 period MA to touch 43,800 zone to slightly improve the bias. As mentioned earlier, the index needs to breach above the important 50EMA level of 43,900 zone for further improvement in the bias and anticipate for further rise in the coming days. Bank Nifty would have a daily range of 43,500–44,000 levels,” said Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher.
09:25 (IST) 28 Nov 2023 Early Gainers
Adani Enterprises led the gains on the NSE Nifty 50 during early trading, surging nearly 4% on Tuesday. Other leading gainers on the Nifty 50 include BPCL, Adani Ports, Hindalco Industries and Dr Reddy’s Labs.
09:21 (IST) 28 Nov 2023 Markets at Open
The NSE Nifty 50 opened at 19,844.65 up 0.25%, while BSE Sensex opened at 66,063.72 up 93.68 points.
09:20 (IST) 28 Nov 2023 Markets at open
The NSE Nifty 50 opened at 19,844.65 up 0.25%, while BSE Sensex opened at 66,063.72 up 93.68 points.
09:06 (IST) 28 Nov 2023 Morning View
“Markets are likely to see a firm opening on the back of sharp gains in the Gift Nifty index, although Asian indices are exhibiting a mixed trend. The two positive catalysts likely to aid sentiment are sluggish crude oil prices at $74.50 a barrel and both FIIs and DIIs turning net buyers of local stocks in Friday’s session. Investors are likely to maintain caution ahead of the exit polls of five state elections on November 30. Also, the monthly F&O expiry this week will see investors covering their positions. Technically, if Nifty moves above the 19,889 mark then it’s safe to assume that Christmas has come early to Dalal Street and stock markets across the globe,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
09:04 (IST) 28 Nov 2023 USD-INR
“The USDINR 28 November futures contract traded in a tight range. As per the weekly technical chart, the pair is trading above its moving average trend-line support level of 83.20 and RSI is fetching above 50 levels. Looking at the technical set-up, MACD is showing negative divergence and the pair is facing steep resistance at higher levels. As per the weekly technical chart the pair is having support at 83.20-83.05 while resistance is placed at 83.55-83.70. If the pair sustains above 83.35 levels it could witness further strength towards 83.55-83.70 with support being placed at 83.20-83.05 levels,” said Rahul Kalantri, VP Commodities, Mehta Equities.
09:00 (IST) 28 Nov 2023 F&O Ban
The NSE added Balrampur Chini Mills, Hindustan Copper, Hindustan Petroleum Corporation, Indiabulls Housing Finance, Zee Entertainment, BHEL and Granules India to its F&O ban list for November 28, 2023.
08:47 (IST) 28 Nov 2023 FII, DII Data
Foreign institutional investors (FII) purchased shares worth net Rs 2,625.21 crore, while domestic institutional investors (DII) added shares worth net Rs 134.46 crore on November 24, 2023, according to the provisional data available on the NSE.
08:28 (IST) 28 Nov 2023 Buzzing stocks
Bank of Baroda, Eicher Motors, LIC, ONGC, Fortis Healthcare, ONGC, BPCL, HPCL and DLF are among the top stocks to watch during today’s trading session.
08:15 (IST) 28 Nov 2023 S&P Global raises India’s growth forecast
S&P Global Ratings on Monday raised India’s growth forecast for the current financial year to 6.4%, from 6%, saying that robust domestic momentum has offset headwinds from high food inflation and weak exports. The US-based rating agency, however, has cut growth estimates for the next fiscal (2024-25) to 6.4%, as it expects growth to slow in the second half of the current fiscal, on higher base impact and subdued global growth. “We have revised up our projection for India’s GDP growth for fiscal 2024 (ending in March 2024) to 6.4%, from 6%, as robust domestic momentum seems to have offset headwinds from high food inflation and weak exports, the rating agency said.
08:14 (IST) 28 Nov 2023 Wall Street
US stocks edged lower on Monday, with investors taking a post-Thanksgiving pause as the holiday shopping season kicked in to high gear and retailers lured bargain hunters with Cyber Monday deals, reported Reuters. The tech-heavy Nasdaq Composite slipped 9.83 points or 0.07% to settle at 14,241.02. The S&P 500 fell 8.91 points or 0.20% to 4,550.43 and the dropped 56.68 points or 0.16% to settle at 35,333.47.
