F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500

CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls

4:23 PM

Tech view: Immediate support for Nifty shifts higher to 18,350 now

"The Nifty started higher and extended gains during the day. The daily momentum indicator RSI remains in a positive crossover. The trend looks positive as long as it sustains above 18,350 Going forward, 18,350 may provide immediate support. On the higher end, resistance is visible at 18,650, above which Nifty may move up further."

 

- Rupak De, Senior Technical Analyst at LKP Securities

4:16 PM

COMMENT:: HDFC twins, Infosys led market rally; Sensex tops 62,000-mark

"Two triggers assisted the Sensex rally to record highs. One, in the mother market US, the market construct turned favourable with rising equities, declining bond yields and falling dollar. Two, macro developments in India show steady rise in credit growth and capex indicating strong economic recovery. Along with this, sharp correction in crude is a big positive. This has facilitated this Sensex rally led by large-caps, mainly the HDFC twins, Infosys, TCS and RIL."

 

- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

4:12 PM

COMMENT:: Hopes of slower rate hikes in US, dip in Crude Oil lift sentiment

"Led by broad-based buying, domestic indices witnessed solid gains as investors digested the latest FOMC meeting minutes, which hinted that the rate hike cycle may be slowing down. The optimism was further boosted by falling crude prices and the declining dollar index. Crude oil prices dropped over talks of a possible price cap on Russian oil and a rise in US product stockpiles"

 

- Vinod Nair, Head of Research at Geojit Financial Services

4:03 PM

Keystone Realtors makes quiet debut, ends almost on par to issue price

Keystone Realtors, which runs the real estate brand Rustomjee, made a quiet debut on the bourses, with its shares listed at Rs 555, a 3 per cent premium to its issue price of Rs 541 per share on the NSE and the BSE. Analysts, however, see long-term value in the stock. READ MORE

4:00 PM

Fino Payments zooms 36% in 2 days as Capri Global buys 1.3 mn shares

On Wednesday November 23, Capri Global Holdings Private Limited bought 1.32 million shares representing 1.59 per cent of total equity of Fino Payments Bank via open market deals.  READ MORE

3:58 PM

Bikaji Foods hits new high, surges 10% for the second straight day

On November 16, Goldman Sachs India Equity Portfolio purchased 1.74 million equity shares of Bikaji Foods at Rs 324.50 per share via open market deals. READ MORE

3:56 PM

Bank of India hits 17-month high on positive outlook; zooms 80% in 6 weeks

Shares of Bank of India rallied 5 per cent to hit a 17-month high of Rs 83.25 on the BSE in Thursday’s trade on a positive outlook. The stock of the state-owned lender was quoting at its highest level since June 2021. READ MORE

3:51 PM

Rupee ends stronger at 81.6275, up 22 paise versus the $

Source: Bloomberg

3:49 PM

Market breadth positive; 134 stocks hit new 52-week high on BSE

3:47 PM

Nifty PSU Bank extends rally, gains another 1%; Union Bank up 4%

3:45 PM

Nifty IT index soars 2.6%; Infosys, HCL Tech surge around 3%

3:43 PM

Broader markets also log steady gains; India VIX slips 4%

3:40 PM

Nifty 50 Losers:: Only FIVE losers - Cipla the sole notable

3:38 PM

Nifty 50 Gainers:: Apollo Hospitals, HDFC Life top gainers, up 4.5%

3:37 PM

Sensex 30 Heatmap:: As many as 28 stocks finish with gains; IT shares lead

3:35 PM

NSE Nifty50 vaults 217 points on F&O expiry day, to end at 18,484

The NSE Nifty 50 is still 120-odd points shy from its record high of 18,604.

3:33 PM

Closing Bell:: Sensex ends 762 points stronger at record 62,273-level

3:26 PM

Recession unlikely in APAC region in coming year: Moody's Analytics

In its analysis titled 'APAC Outlook: A Coming Downshift', Moody's said India is headed for slower growth next year more in line with its long-term potential. READ MORE

3:14 PM

Market Check: Nifty jumps over 200 points ahead of monthly F&O expiry

3:02 PM

Global Check:: US, UK stock futures hold steady gains

The US markets will be close tonight on account of 'Thanksgiving Holiday'. 

Source: Investing.com

2:53 PM

Indoco Remedies hits 8-month high on hopes of margin boost; stock surges 7%

The stock of pharmaceutical company traded at its highest level since March 2022. In the past one week, it rallied 17 per cent, as against 0.35 per cent rise in the S&P BSE Sensex. Earlier, the stock had hit a 52-week high of Rs 459 on January 3, 2022. READ MORE

 

2:43 PM

Broader markets also hold steady gains; most indices up around 0.5%

2:34 PM

BSE 500:: Top losers so far

Rajesh Exports down 4.7 per cent was the top loser among the BSE 500 stocks so far. Indian Overseas Bank, APL Apollo Tubes, GNFC and Happiest Minds were the other prominent losers, down 3 - 4 per cent each.

2:26 PM

China expands lockdown as Covid cases hit record high, mass testing ordered

People in eight districts of Zhengzhou with a total of 6.6 million residents were told to stay home for five days beginning on Thursday, except to buy food or get medical treatment. READ MORE

2:15 PM

BSE 500:: Top gainers so far

GSPL up 8 per cent was the top gainer among the BSE 500 stocks so far on Thursday. It was followed by PB Fintech, Rail Vikas, Avanti Feeds and SJVN, up 6 - 7 per cent each.

2:05 PM

NEWS ALERT :: China's Evergrande plans to present restructuring proposal early December, reports Bloomberg

1:57 PM

Expert Take :: Time to book profit in PSU Bank stocks?

1:51 PM

Brokerage Call :: Prabhudas Lilladher on HDFC Bank

BUY HDFC BANK

 

CMP: 1608 TRGT: 1750 SL: 1550 

 

HDFC BANK is in a strong uptrend making a higher top higher bottom formation on daily chart & now with all positive indicators the stock is ready for new projected target of 1750.  we recommend this stock for a Buy keeping a stop loss of 1550 for an upside target of Rs 1,750.
 

1:43 PM

Brokerage Call :: ICICI Securities on Housing Finance Companies

>> The momentum in disbursements has continued in Q2FY23 as well with players registering sequential uptick in disbursements in the range of 5-15%. Growth in home loans was seen in both affordable housing segment as well as in high-end properties.
 

1:35 PM

Brokerage Call :: JM Financial on Internet companies

>> Paytm, PB Fintech and Zomato are guiding towards adjusted EBITDA level profitability between Q4FY23 to Q2FY24 while Delhivery should also be able to tide over SpotOn integration issues and breakeven by Q4FY23.

>> Furthermore, Nykaa is taking a disciplined approach to its investments in Fashion and eB2B segments while CarTrade has been referencing towards the high

operating leverage in its business. We could already see healthy margin improvement in Q2FY23 earnings as the companies continue to focus on demonstrating a credible path to profitability.

>> In order to shorten the path, the companies are focused on optimising capital allocation and not investing large sums of capital on non-core, experimental ventures.

>> We believe that investor conviction on potential profitability and timeline could cause a re-rating event for these companies as profit margins are expected to rise exponentially post break-even.