Stock Market Highlights: Sensex ends 417 pts higher and Nifty above 18,750 led by Reliance, M&M and HDFC twins

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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended at record closing highs for the third straight session on Wednesday. The indices started the session largely unchanged. Nifty touched record high for third straight day and Sensex for fifth straight session. The headline indices ended at record closing highs for the second straight session on Tuesday.

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Nov 30, 2022 3:57 PM

Outperformance has been purely because we have managed the inflation very well: Dinshaw Irani
"Our call has been that probably from hereon, the market should be taking a breather. Because, we've probably been the best performing market in the world in dollar terms, though, we are down some 10-11 percent in the dollar terms, the fact is that the markets are down 25-30 percent odd and the outperformance has been purely because of the fact that we have managed the inflation very well and other markets have had their own set of problems and India, frankly has never had a problem at all," says Dinshaw Irani, CIO, Helios Capital India. "The fact is that ultimately people will stand up and say India has done very well. And we might as well wait on that country rather than moving in quickly. So our feeling is that for India to further rally from here, you will need to see the other market stabilizing. That doesn't look like happening in the next couple of quarters. So that's why we believe it's going to be a breather, maybe a flat-lining from hereon."

Nov 30, 2022 3:56 PM

Sensex and Nifty end at record closing highs for third straight session  

-- Last-hour recovery led by MSCI inflows help market close at day’s high

-- Auto stocks close with healthy gains ahead of monthly sales, M&M top gainer

-- Metals continue the gaining momentum on China’s unlock plan, Hindalco up four percent

-- FMCG index surges to record high with Britannia, HUL gaining two percent each

-- Parikh panel’s recommendations lead a move higher in CGDS, IGL up over two percent

-- TVS Motor, Indian Hotels, Varun Bev and Bajaj Holdings surge on MSCI inflows

-- Shriram Transport, GMR Airports, JSPL, Pi Ind, Cummins, Nippon Life are top midcap gainers

-- PSU Banks underperform with PNB and Canara Bank slipping two percent each

-- Market breadth favours advances, advance-decline ratio at 3:2

Nov 30, 2022 3:43 PM

PNB Housing board approves for filing draft of rights issue with SEBI

Nov 30, 2022 3:02 PM

TCS gets into a six-year contract with Rail Delivery Group to design, develop, implement & operate UK’s RDM

Nov 30, 2022 2:52 PM

Buy Supreme Industries, Indoco Remedies: Jay Thakkar

Here are some recommendations by Jay Thakkar of Marwadi Shares & Finance:
-- Buy Supreme Industries for a target of Rs 2,850 with a stop loss at Rs 2,250 
-- Buy Indoco Remedies for a target of Rs 470 with a stop loss at Rs 370 

Nov 30, 2022 2:03 PM

ED case of BS-III vehicles is related to old investigation i.e. for 2020 -2021: Ashok Leyland spokesperson tells CNBC-TV18

Nov 30, 2022 1:59 PM

Reliance Capital receives 8 binding bids under IBC as deadline ends on November 28: Sources

Nov 30, 2022 1:43 PM

City gas and fertiliser companies should get priority in gas allocation: Kirit Parikh

Nov 30, 2022 1:21 PM

Ceiling price at $6.50/mmBtu, which will be gradually raised by 0.5%/mmBtu every year: Kirit Parikh tells CNBC-TV18

Nov 30, 2022 1:14 PM

Buy Infosys, Zee Entertainment: Manish Hathiramani

Here are two recommendations by Manish Hathiramani, Deen Dayal Investments:
-- Buy Infosys for a target of Rs 1,685 with a stop loss at Rs 1,605 
-- Buy Zee Entertainment for a target of Rs 275 with a stop loss at Rs 254 

Nov 30, 2022 1:06 PM

Promoter in talks with private equity & strategic investors for stake sale: Sources

Nov 30, 2022 12:38 PM

Long-term outlook on exports is still very bullish: Sanjay Thapar of SJS Enterprises

Nov 30, 2022 12:29 PM

Realty stocks jump

Nov 30, 2022 12:04 PM

Buy Hindalco, NALCO, Oberoi Realty: Mitessh Thakkar

Here are some recommendations by Mitessh Thakkar of earningwaves.com:
-- Buy Hindalco for a target of Rs 465 with a stop loss at Rs 440 
-- Buy NALCO for a target of Rs 79.50-80 with a stop loss at Rs 75.40 
-- Buy Oberoi Realty for a target of Rs 950-955 with a stop loss at Rs 919 

Nov 30, 2022 11:54 AM