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Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 posted record closing highs on Thursday led by broad-based gains in the last trading session of the November futures & option (F&O) series. The headline indices touched 52-week highs in the session, building on initial gains. The Nifty Bank ended above 43,000 for the first time. Minutes of the Fed's last policy meeting hinted at less aggressive hikes in interest rates soon, sending positive signals to global markets. Shares of Keystone Realtors debuted on the bourses.

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Nov 24, 2022 4:09 PM

We have outperformed the global markets: Amit Gupta

"I think this fatigue is likely to be there. Obviously, when we have spent one and a half years now, within a band, but we have outperformed the global markets, slowly the markets are coming out of the range now," says Amit Gupta, Vice President & Fund Manager at ICICI Securities. "Some kind of consolidation slow move, maybe there but eventually the trajectory looks upward, because one of the weakest links in the markets was Europe. And we saw that Europe was continuously falling from 1.25 against dollar, it declined to 0.97 against the dollar. Now, we have seen that some sort of interest rate hike of 75 basis points (bps) has been seen by ECB and before the winter season, we saw that the capacities were filled up to almost 98 percent in Germany and EU also. The energy prices which was at 75 euros, declined to 30 euros and I think this is where Euro has stopped falling and dollar has stopped rising."

Nov 24, 2022 3:58 PM

Sensex and Nifty end at record closing highs

-- Infosys, HDFC, HDFC Bank, ICICI and TCS are top Nifty contributors

-- Apollo Hospitals continues the gaining momentum, rises 10 percent in three sessions

-- Insurance companies surge on new EOM policy, HDFC Life up five percent, max fin up two percent

-- GSPL is top midcap gainer as it goes out of F&O, ends with a gain of 10 percent

-- IT stocks surge in last hour of trade, Birlasoft, L&T Infotech, Persistent top gainers

-- Balrampur Chini with other sugar names surge on ISMA’s comment on exports

-- Fertiliser names like GNFC & Coromandel International see profit booking

-- Lupin off highs, Cipla and Glenmark end lower on US FDA concerns

-- Oil marketing companies surge as crude prices remain under pressure, BPCL up over three percent

-- Market breadth favours advances, advance-decline ratio at 4:3

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 3:49 PM

Rupee ends higher at 81.63 vs dollar

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 3:43 PM

US drug regulator issues 8 observations to Lupin's Mandideep unit

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 3:30 PM

Reliance, TCS and ITC gain sharply in last few minutes

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 3:19 PM

Gains across sectors pull headline indices higher 

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 3:13 PM

Granules India expects 2.0 strategy to improve performance in two years

Granules India Ltd. shares on Thursday reached the day’s high of Rs 365.35 after announcing its long-term growth strategy Granules 2.0. (Read more)

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 3:02 PM

Midcap IT stocks see a sharp rise

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 2:45 PM

Smaller rate hikes by Fed are positive for risk asses: Ravindra Rao
"The US dollar fell after the release of FOMC meeting minutes on Wednesday. As expected, it showed majority of the policymakers were with the view of slower rate hikes as recent Fed’s aggressive stance is impacting the economic growth," says Ravindra Rao, VP-Head Commodity Research, Kotak Securities. "Although the minutes indicated the end of jumbo rate hikes, the policy makers were uncertain on when will be the end point of the rate hikes. Smaller rate hikes by Fed are positive for risk asses as well as for safe haven assets like gold as dollar weakness supports."

Nov 24, 2022 2:26 PM

Large Trade | 3 lakh shares of Alembic Pharma worth Rs 18.2 crore change hands 

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 2:09 PM

Buy Aditya Birla Capital, Cummins India: Sudeep Shah

Here are two recommendations by Sudeep Shah of SBI Securities:
-- Buy Aditya Birla Capital for a target of Rs 145-150 with a stop loss at Rs 120 
-- Buy Cummins India for a target of Rs 1,430-1,450 with a stop loss at Rs 1,325 

Nov 24, 2022 2:00 PM

IEX surges sharply in last few minutes

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 1:40 PM

Easy Trip board to consider the proposal of acquisition on December 1

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 1:25 PM

KPI Green Energy to consider issuance of bonus share on November 30

Stock Market Highlights: Sensex and Nifty end at record closing highs led by HDFC, Infosys and Reliance
Nov 24, 2022 1:18 PM

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