Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850

Closing Bell on December 5, 2023: The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day

4:08 PM

Comment :: 'Focus on stocks that were on the sidelines for some time'

The rotational buying across heavyweights is pushing the Nifty to a newer high despite the overbought reading and it is now heading towards a new milestone of the “21,000”+ mark.

We recommend focusing on the stocks that were on the sidelines for some time and are likely to join the move now. At the same time, traders should keep on trailing stop losses in the existing trades to capitalize on the prevailing trend.

Views by:  Ajit Mishra, SVP - Technical Research, Religare Broking

 

4:07 PM

Comment :: Here's all that happened in the markets today

The domestic market extended the gains and hit fresh highs despite cautiousness among global peers ahead of key US job data this week. The aura of the state election results and other positive factors like above-expected earnings and GDP growth data are supporting the return of FII flows to the Indian market. The RBI’s monetary policy meeting is expected to be status quo however, the commentary on economy growth, foodgrain prices and inflation trajectory will be closely watched.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.

3:44 PM

Currency check :: Rupee ends near record low levels

3:41 PM

SmallCap Heatmap :: Index records lifetime high of 41,318, ends 0.12% up

3:40 PM

MidCap Heatmap :: Index hits record high of 35,216, ends 0.14% up

3:38 PM

Nifty Heatmap :: Adani, banks, power stocks lead bull charge; defensives on backfoot

3:37 PM

CLOSING BELL :: Nifty holds 20,850 at close

3:35 PM

CLOSING BELL :: Sensex ends atop 69,000, gains over 400 pts

3:27 PM

ALERT :: November UK JLR sales rise to 6,250 units vs 4,204 units Y-o-Y

3:15 PM

Trai directs Jio, Airtel to clarify terms on unlimited 5G data offerings

The matter came up when competitor Vodafone Idea filed a complaint against the two operators on "predatory pricing." The issue had first presented itself between the telcos in 2016, when Airtel and Vodafone had complained against Jio for charging below costs. Jio's promotional plan had also included free data for months at the time. READ MORE

3:01 PM

Global check: US, UK stock futures exhibit mixed trend

Source: Investing.com

2:51 PM

ALERT:: Maharashtra Seamless outlook on long-term credit raised to Positive; stock gains

Maharashtra Seamless in an exchange filing said ICRA has raised its outlook on long-term credit rating to 'Positive' from 'Stable'. The rating agency has also reaffirmed its long-term and short-term credit rating to ICRA AA and ICRA A1+

2:41 PM

ALERT:: Easy Trip Planners announces Winter Carnival Sale; stock marginally up

Easy Trip Planners in an exchange filing said that the company has unveiled a 'Winter Carnival Sale' to offer discounts on flights, hotels, holidays, busses, cabs and more, for bookings done up to December 09.

2:30 PM

BSE Power index surges nearly 5%; NTPC, Adani Power, ABB hit new peaks

In the past two months, the power index has surged 19 per cent, while in nine months, it zoomed 59 per cent. READ MORE

2:19 PM

Softening demand drags India's November PMI to 12-month low of 56.9

Growth in India’s dominant services sector continues to lose steam marked by the headline Purchasing Managers’ Index (PMI) figure falling for the second consecutive month in November to its lowest levels in a year. Due to softer expansions in new work intakes and output, the PMI figure fell to 56.9 in November from 58.4 in October, showed the survey released by S&P Global on Tuesday. READ MORE

2:07 PM

ALERT:: Govt power producers rally up to 3%

1:58 PM

ALERT:: Adani Group shares top gainers among Nifty 500 pack

1:48 PM

Moody's cuts outlook on China's sovereign bonds to negative on rising debt

Moody's lowered its outlook to negative from stable while retaining a long-term rating of A1 on the nation's sovereign bonds, according to a statement. READ MORE

1:37 PM

ALERT:: BCL Industries wins orders worth Rs 567 crore; stock up 3%

BCL Industries in an exchange filing said, that the company and its subsidiary, has secured orders worth Rs 339 crore and Rs 228 crore from oil marketing companies for the Ethanol Supply Year ending October 2024.

1:25 PM

DCB Bank gains 5% as Aga Khan Fund mulls fund infusion of $10 million

Shares of DCB Bank were up 5 per cent to Rs 119 on the BSE in Tuesday's intraday trade, on the back of heavy volumes, after Aga Khan Fund for Economic Development, promoter of the private sector bank, expressed interest to infuse ~$10 million in the bank. READ MORE

1:14 PM

Global check:: Major Asian markets slide up to 2%

Source: Yahoo Finance

1:05 PM

ALERT :: Moody's changes outlook on China to 'negative'

1:01 PM

Avg Logistics wins order worth Rs 150 crore

12:46 PM

Adani Green Ltd seals its biggest ever project financing of $1.36 billion

Adani Green Energy Limited (AGEL) announced to provide funding of $1.36 billion to boost its construction financing framework to $ 3 billion backed by a consortium of renowned international banks.
 

The green loan facility will help enable the development of AGEL, the world's largest renewable energy park, at Khavda in Gujarat. Read

12:30 PM

With both stocks and gold on fire, is yellow metal the new multi-bagger?

The price of gold has reached an all-time high, hovering comfortably above $2000 per troy ounce with a forecast of its steep rise in years to continue as the asset class is enjoying tailwinds from a mélange of factors. Read

12:15 PM

Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap

Shares of Adani Group companies continued their upward movement for the second straight day and rallied up to 19 per cent backed by heavy volumes following the landslide victory of the Bhartiya Janta Party (BJP) in three state elections. In the past two trading days Adani Group stocks have surged up to 31 per cent in anticipation that India will witness a stable government post the general election in 2024. Read

12:01 PM

Market Check: Sensex trims gains, up 200 points

11:55 AM

India set to become third-largest economy by 2030: S&P Global Ratings

"We see India reaching 7 per cent in 2026-27 fiscal...India is set to become the third-largest economy by 2030, and we expect it will be the fastest growing major economy in the next three years," S&P said. "A strong logistics framework will be key in transforming India from a services-dominated economy into a manufacturing-dominant one," it said. READ MORE

11:42 AM

ALERT :: AVG Logistics bags order worth Rs 150 crore from Indian Railways

>> AVG Logistics Limited has secured acontract, valued at Rs 150 crore over 6 years, for lease of Parcel Cargo Express Train (PCET) from the Indian Railways.

11:31 AM

ALERT :: Rama Steel initiates backward integration expansion for 40,000 MTPA

>> This is to be done at its plant located at Khopoli, Maharashtra.

>> The expansion is expected to be completed by the end of Q4FY25, post which commercial production will commence

>> The total capex for this expansion will be Rs 30 crore