Stock Market Close Highlights: Sensex adds 230pts, Nifty atop 24,250; NTPC Green, Adani shares shine

Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108

3:57 PM

Stock Market Highlights LIVE Updates: A decisive breakout above 24,420 could trigger major up move for Nifty50

The Nifty has been consolidating over the past three days following a sharp up move earlier. On the higher side, it faces resistance at 24,420; a decisive breakout above this level could trigger a significant move toward higher levels. On the lower side, support is positioned at 24,100. The index is likely to remain range-bound until it makes a directional move on either side.

(View by: Rupak De, Senior Technical Analyst, LKP Securities)

3:51 PM

Stock Market Highlights LIVE Updates: Earnings forecast for H2FY25 behind market gains

Indian indices continue to exhibit positive upside as a result of healthy consolidation and the likelihood of strong H2FY25 earnings forecasts. In Asia, market sentiment was mixed due to the potential tariff impositions by the US.

Meanwhile, the Chinese market rebounded on expectations of additional stimulus measures. The global sentiment is positive as the US FOMC minutes and a truce in the Middle East were optimistic. Decelerating inflation and robust growth prospects could lead to continued rate cuts by the Federal Reserve.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)

3:46 PM

Stock Market Highlights LIVE Updates: Adani stocks lead on NSE

Adani Enterprises lead the charts on the NSE, rising over 11 per cent, followed by Adani Ports that soared 6.9 per cent. 

3:43 PM

Stock Market Highlights LIVE Updates: Nifty Media, Metal, Financial Services lead among sectors

Nifty Media, Nifty Metal, Nifty Financial Services were among the top leaders among sectoral trends. 

3:40 PM

Stock Market Highlights LIVE Updates: SmallCap index outperforms, rises 1%

The BSE SmallCap index 1.18 per cent, while the BSE MidCap index rose 0.34 per cent. 

3:36 PM

Stock Market Highlights LIVE Updates: 16 out of 30 stocks close in green

Adani Ports, NTPC, HDFC Bank and Bajaj Finance were among the top 16 gainers on the BSE Sensex. 

3:34 PM

Stock Market Highlights LIVE Updates: Nifty50 ends above 24,250 level

The NSE's Nifty50 closed at 24,274 level, up 80 points or 0.33 per cent. 

3:32 PM

Stock Market Highlights LIVE Updates: Sensex closes 230 points higher

The BSE Sensex closed at 80,234 level, up 230 points or 0.29 per cent. 

3:14 PM

Stock Market LIVE Updates: Surya Roshni gains over 4%

The company won an order worth Rs 215 crore from Hindustan Petroleum Corporation. 

 

3:10 PM

Stock Market LIVE updates: Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025

Goldman Sachs expects gold prices to reach $3,150 per ounce (in their bullish case scenario) by December 2025, an upside of around 19 per cent from the current levels as they remain a good hedge against sticky inflation and rising geopolitical issues.

 

A large part of this price rise, they believe, will also be fueled by higher demand from global central banks coupled with concerns over US fiscal sustainability and trade tensions/wars. Read more

3:00 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex stood at 80,270.76 level, up 266 points or 0.33 per cent, while the NSE's Nifty50 surged 78 points or 0.32 per cent at 24,272.50. 

2:50 PM

Stock Market LIVE Updates: Ashoka Buildcon share falls after NHAI cancels project

Ashoka Buildcon in an exchange filing said that NHAI has cancelled the company's bid for Development of 4 lane Economic Corridor from Kharagpur to ChandrakonaGhatal Road Crossing Section due to administrative reasons. Read filing here
 

2:40 PM

Stock Market LIVE Updates: BCL Ind gains after LoA win

The company has received a Letter of Acceptance (LOA) for supplying 60 lakh litres of ENA from its Bathinda (Punjab) distillery.

2:36 PM

Stock Market LIVE Updates: This smallcap stock surged 26% in 4 days; this brokerage expects 48% upside

Shares of Genesys International continued their upward movement for the fourth straight day, hitting a new high of Rs 924.80, gaining 5 per cent on the BSE in Wednesday’s intra-day deals. 

 

In the past four days, the stock of this smallcap information technology (IT) enabled services company has surged 26 per cent after Elara Capital initiated coverage on Genesys with a 'Buy' rating, citing that the stock trades at an attractive valuation. The brokerage set a price target of Rs 1,370 per share. Read more

2:25 PM

Stock Market LIVE Updates: Rupee depreciates amid a strong dollar

At Rs 84.4150 (spot) Indian Rupee depreciated by 0.12 per cent on Wednesday amid strong Dollar demand from bank on expiry of the futures contract and a recovery in crude oil prices. However, positive tone in domestic markets and weakness in the US Dollar index prevented a sharp fall in the Rupee.

(View by Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas)

2:17 PM

Stock Market LIVE Updates: Sensex up 250 points

The BSE Sensex rose 265 points or 0.33 per cent at 80,269 level at around 2:15 PM IST. 

2:05 PM

Stock Market LIVE Updates: Market breadth favours advances

Market breadth favoured advances with 2,490 stocks trading in green. 

1:52 PM

Stock Market LIVE Updates: Here's why this PSU bank share was up 3% on November 27; details inside

Stock Market LIVE Updates: State-owned Indian Overseas Bank (IOB) shares increased up to Rs 2.64 per cent to hit an intraday high of Rs 53.85 per share on Wednesday, November 27, 2024. The up move in Indian Overseas Bank scrip came after the company announced that it has received tax refunds of Rs 1,238.31 crore from the Income Tax Department (I-T Department). READ MORE

 

1:47 PM

Stock Market LIVE Updates: Bayer CropScience shares gain over 2% ahead of ex-dividend date; details

Stock Market LIVE Updates: Shares of pesticides and agrochemicals company Bayer CropScience advanced 2.8 per cent to a day’s high of Rs 5,942.60 during intra-day trade on Wednesday. The uptick in the company’s stock price came ahead of the ex-dividend date scheduled for Thursday, November 28, 2024. READ MORE

 

1:37 PM

Stock Market LIVE Updates: Nalco shares fall after Kotak Sec downgrades to 'Reduce' on near term risks

Stock Market LIVE Updates: Shares of state owned National Aluminum Company (Nalco) slumped 2.26 per cent at Rs 244.25 a piece on the BSE in the intraday trade of Wednesday. This came after domestic brokerage firm Kotak Institutional Securities downgraded the shares to ‘Reduce’ from their ‘Add’ rating earlier.  READ MORE

 

1:32 PM

Stock Market LIVE Updates: GHCL up 5% as board approves capex of Rs 350 cr for salt field in Kutch

Stock Market LIVE Updates: GHCL shares advanced 4.9 per cent on Wednesday and logged an intraday high at Rs 603.45 per share on BSE. The counter saw buying after the company's board approved an additional capex of Rs 350 crore for the development of Zara Zumara Salt Field work in Kutch, Gujarat. READ MORE

 

1:21 PM

Stock Market LIVE Updates: Adani group stocks lead gains

Stock Market LIVE Updates:  Adani Enterprises, and Adani Ports were among the top gainers among the Nifty50 constituent stocks. 

1:12 PM

Stock Market LIVE Updates: Lumax Auto Tech up 7% on acquiring 60% stake in Greenfuel Energy Solutions

Stock Market LIVE Updates: Lumax Auto Technology shares advanced 6.8 per cent in Wednesday's trade and logged an intraday high at Rs 547.85 per share on BSE. The scrip climbed after the company completed the acquisition of a 60 per cent stake in Greenfuel Energy Solutions. READ MORE

 

12:55 PM

Stock Market LIVE Updates: Exide Ind gains 4% on investing over Rs 99 crore in Exide Energy Solutions

Stock Market LIVE Updates: Exide Industries' share price gained 3.6 per cent in Wednesday's trade and logged an intraday high at Rs 441.4 per share on BSE. The stock climbed after the company made further investments of around Rs 99 crore in its subsidiary Exide Energy Solutions Ltd. READ MORE

 

12:42 PM

Stock Market LIVE Updates: Chandan Taparia of MOFSL recommends buying these three stocks today

Stock Market LIVE Updates: Buy Wipro | CMP: Rs 589 | Stop Loss: Rs 575 |Target: Rs 620

 

The stock has broken out of a consolidation zone with a volume spike visible on the daily chart. Buying was visible across the IT Sector which may support the up move. The RSI indicator is positively placed which has bullish implications. READ MORE    

 

12:32 PM

Stock Market LIVE Updates: CG Power shares rise after bagging 'KAVACH' order from Indian Railways

Stock Market LIVE Updates:  Shares of CG Power and Industrial Solutions surged up to 2.63 per cent at Rs 754.80 per share on the NSE in Wednesday’s intraday deals after the company announced that its subsidiary GG Tronics secured a ‘KAVACH’ order from Chittaranjan Locomotive Works (CLW), West Bengal, Government of India. CLW is an Indian Railways-owned electric locomotive manufacturer.  READ MORE

 

12:23 PM

Stock Market LIVE Updates: Suprajit Engineering surges 5% on inking MoU with Japanese firm Chuo Spring

Stock Market LIVE Updates: Automotive component maker Suprajit Engineering shares were in demand on Wednesday, November 27, 2024, as the scrip rallied up to 4.62 per cent to hit an intraday high of Rs 471.80 per share.

 

The rise in Suprajit Engineering share price came after the company announced that it has inked a memorandum of understanding (MoU) with Chuo Spring, a Japanese transmission cable maker. READ MORE

12:16 PM

Stock Market LIVE Updates: JM Financial on L&T Finance

Stock Market LIVE Updates: We remain circumspect on MFI exposure for LTF (30 per cent MFI book exposure) though it is relatively well placed given the company had been tightening its belt well in advance and it has exposure of only 5 per cent (Rs 1250 crore) of its MFI book to customers with high leverage (>=4 associations). LTF also maintains additional macro-prudential provisions of Rs 970 crore on its MFI book (~3.7 per cent of total MFI loans) which insulates from any future shocks. LTF has assigned a fresh sourcing vertical with a team of 500+ members to acquire lower leveraged customers which would ensure continued and healthy growth in the segment.

We believe the recent correction of 16 per cent in the last 3 months led by issues across the MFI industry offers significant upside from here. The current valuations of 1.2x FY26E P/B are relatively inexpensive in return for RoAs/RoEs of 2.7 per cent/13.4 per cent. We upgrade the stock to 'Buy' with a target price of Rs 180, assigning a target multiple of 1.6x FY26E BVPS.

 

12:03 PM

Stock Market LIVE Updates: This Ashish Kacholia stock zoomed over 270% so far in CY24; hits new high

Stock Market LIVE Updates: Shares of Shaily Engineering Plastics (SEPL) hit a new high of Rs 1,247, as they surged 12 per cent on the BSE in Wednesday’s intra-day trade in an otherwise range-bound market. The market price of the India’s largest exporter of plastics components surpassed its previous high of Rs 1,184 touched on November 7. READ MORE 

11:50 AM

Stock Market LIVE Updates: CG Power shares rise after bagging 'KAVACH' order from Indian Railways

Stock Market LIVE Updates: Shares of CG Power and Industrial Solutions surged up to 2.63 per cent at Rs 754.80 per share on the NSE in Wednesday’s intraday deals after the company announced that its subsidiary GG Tronics secured a ‘KAVACH’ order from Chittaranjan Locomotive Works (CLW), West Bengal, Government of India. CLW is an Indian Railways-owned electric locomotive manufacturer. READ MORE