Stock Market Highlights: Sensex ends 184.5 pts higher and Nifty above 18,800 led by TCS, Infosys and HDFC Bank

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Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended in the green on Thursday. Gains  in IT shares led the headline indices higher. Sensex hit the record high for sixth straight session, and Nifty for fourth straight session. Nifty Bank also opened at record high.

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Dec 1, 2022 3:57 PM

Sensex and Nifty end in the green for fourth straight session

-- Sensex hits record high for the sixth consecutive session, Nifty for fourth day

-- IT stocks lead gains in today’s session, Nifty it rises 2.5 percent

-- Auto stocks slip after Nov auto sales, Eicher and Bajaj amongst top losers

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

-- Zomato surges nearly two percent as Camas Invsts PTE buys approx 1.2 percent stake in the company

-- KPI Green slips nearly three percent board approves bonus issue in the ratio of 1:1

-- Piramal Ent surges 4.5 percent after board approves raising up to Rs 250 crore via NCDs

-- Easy Trip rises over five percent as company announce to acquire 75 percent stake in Nutana Aviation Cap

-- Cosmo first rises more than three percent after board approves buyback of up to Rs 108 crore

-- Market breadth favours advances, advance-decline ratio at 2:1

Dec 1, 2022 3:49 PM

Any further upmove in the market has to be driven by earnings and not multiple expansion: Ashutosh Bhargava

"When we think of local market or even global markets, what we are very sure about is that any further upmove in the market has to be driven by earnings and not multiple expansion. We don't think there is a case for multiple expansion in most market barring one or two markets like China etc. In our market, the best phase of outperformance versus other market is probably behind," says Ashutosh Bhargava, Fund Manager and Head of Equity Research at Nippon India Mutual Fund. "The only good part for market is that when we think of earning risk, we find a lot of risk to global earnings. But the kind of construct that we have for our market, I think the earning risk is much lesser in our market versus many other markets. So earnings would be the focus, multiple expansion is broadly unlikely and in that sense, India, perhaps would perform in-line with most of the markets and not underperform despite the very sharp outperformance over the last one to one and a half years."

Dec 1, 2022 3:46 PM

Rupee ends higher vs dollar 

Dec 1, 2022 3:40 PM

Trident gets patent for fabric & method of manufacturing fabric by patent office

Dec 1, 2022 3:18 PM

Maruti reports auto sales 

Catch latest updates on all auto makers' November performance here

Dec 1, 2022 2:57 PM

Sharp surge in Tata Steel

Dec 1, 2022 2:42 PM

Cosmo First board approves buyback of up to Rs 108 crore 

Dec 1, 2022 2:28 PM

Top picks in FMCG space are HUL, Britannia, Dabur, Nestle: Abneesh Roy

"Our top picks currently will be Hindustan Unilever Ltd (HUL), Britannia Industries, Dabur India and Nestle. We also like Asian Paints, but for Asian Paints, quarter three demand would be a bit weak, nothing's structural. That's because of the short window, post the rainfall and the festive season and the very high base which Asian Paints sees in quarter three," says Abneesh Roy of Nuvama Wealth Management. 

Dec 1, 2022 2:23 PM

Tata Motors reports November sales data

Catch latest updates on all auto makers' November performance here

Dec 1, 2022 1:44 PM

NCC bags two new orders in November worth Rs 376 crore

Dec 1, 2022 1:34 PM

Social fabric of the Dharavi area needs to be addressed: Gulam Zia of Knight Frank

Dec 1, 2022 1:09 PM

Top pick in the IT Index would be TCS: Sudeep Shah

"Our top pick in the IT Index would be TCS. This stock is at a seven-month high and it is sustaining above its 200-DMA for over 6-7 sessions now. Last couple of days we have seen a good price action backed by volumes and the prior swing resistance of Rs 3,428 which was created in June has also been taken out. We feel that this stock can go upto Rs 3,580-3,600 in the next few sessions and can be bought with Rs 3,420 stop loss," says Sudeep Shah, Head-Technical & Derivatives Research at SBI Securities. 

Dec 1, 2022 12:58 PM

Coal India November provisional output up 12.8 percent 

Dec 1, 2022 12:56 PM

Export duty withdrawal will remove a key overhang on Reliance Industries, says Jefferies

With oil prices having corrected nearly 30 percent since the end of June, Jefferies is expecting a withdrawal of export duties, which according to them, are still elevated despite the moderation in Singapore GRM. (Read more)

Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of

Dec 1, 2022 12:37 PM