Stock Market Rally Highlights: Sensex soars 1,960 pts, Nifty ends above 23,900; SBI, TCS jump 4%

Stock Market Highlights: Benchmark Indian equity indices, the BSE Sensex and NSE Nifty50, settled higher by over 2 per cent each on Friday.

4:01 PM

Stock Market Highlights LIVE Updates: 24,040-24,050 will act as immediate resistance for Nifty

Nifty opened on a bullish tone, experienced strong buying interest throughout the day, and closed on a positive note near 23,907 levels. The volatility index India Vix rose by 0.67 per cent to 16.10, indicating an increase in market volatility.

 

Technically, index on a daily scale has formed a large green candle, indicating strength. Furthermore, the index crossed the 23,800 barrier and closed above it, confirming strength. However, the index is still placed below 21-Days exponential moving average (DEMA), which is placed near 24,040.

Thus, 24,040-24,050 will act as immediate resistance for the index, while 23,800 will act as immediate support for the index. If index manages to sustain above 24,050 then rally could extend towards 24,200-24,300 levels. Thus, in the short-term, buy on dips approach should be adopted.

(View by: Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates)

3:51 PM

Stock Market Highlights LIVE Updates: Market rally led by large-cap stocks

The market witnessed a significant broad based rally, from the oversold territory, predominantly led by large-cap stocks, as their valuations appeared appealing with expectations of improvement in corporate earnings in the second half of the fiscal year.

Positive momentum was also observed in global markets, due to modest decline in Japan's October inflation and 39 trillion yen stimulus package. Moderation in global and domestic political drama provided a relief to the domestic market.

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

3:49 PM

Stock Market Highlights LIVE Updates: SBI, Bajaj Finance, Titan rise on NSE

SBI, Bajaj Finance, and Titan were among the top leaders on the NSE.

3:44 PM

Stock Market Highlights LIVE Updates: Nifty IT, PSU Bank, Realty advance 3%

Among sectors, Nifty IT, Nifty Realty and Nifty PSU Bank outran others, rising 3 per cent each.

3:42 PM

Stock Market Highlights LIVE Updates: Broader indices shine

The BSE Midcap index rose 1.26 per cent, while the BSE SmallCap index climbed 0.90 per cent.

3:38 PM

Stock Market Highlights LIVE Updates: 29 out of 30 stocks end in green

SBI, Bajaj Finance, Titan and ITC gained up to 4 per cent each on the BSE Sensex.

3:36 PM

Stock Market Highlights LIVE Updates: Nifty50 closes over 550 pts higher

The NSE's Nifty50 closed at 23,907 level, up 557 points or 2.39 per cent.

3:34 PM

Stock Market Highlights LIVE Updates: Sensex ends over 1,950 points higher

The BSE Sensex raliied 1,961 points or 2.54 per cent at 79,117 level on Friday.  

3:17 PM

Stock Market LIVE Updates: Vijaya Diagnostic hits new high, stock up 65% in 4 months on strong Q2 nos

Shares of Vijaya Diagnostic Centre hit a new high of Rs 1,202, as they rallied 5 per cent on the BSE in Friday’s intra-day trade on healthy outlook. In the past four months, the stock of the healthcare service provider has zoomed 65 per cent on strong earnings.

 

In the September quarter (Q2FY25), Vijaya Diagnostic Centre delivered a robust quarter, achieving an impressive 31.8 per cent year-on-year (YoY) revenue growth, of which 23.0 per cent was organic. Read more

3:06 PM

Stock Market LIVE Updates: Sensex zooms over 1,900 pts

At 3 PM, the BSE Sensex was at 79,095, up 1,940 points, or 2.51 per cent, while the Nifty 50 was at 23,905, up 555 points, or 2.38 per cent. 

2:51 PM

Stock Market LIVE Updates: Ramco Ind & Ramco Cements rise up to 4% in trade; What's driving the stocks

Stock Market LIVE Updates: Ramco Industries' and Ramco Cements' share price gained up to 3.8 per cent in Friday's trade on BSE. The stock rose after Ramco Industries acquired 3,20,000 shares in its associate company, Ramco Cements Limited for a consideration of Rs 29.34 crore.

 

Around 12:09 PM, Ramco Industries shares were up 3.54 percent at Rs 289.95 per share on BSE and Ramco Cements shares were up 3.73 per cent at Rs 948.6 per share. In comparison, the BSE Sensex was up 0.97 per cent at 77,901.63. READ MORE

 

2:42 PM

Stock Market LIVE Updates: Indian banks' credit risk from Adani exposure seems contained: JPMorgan

Stock Market LIVE Updates: Indian banks' loan exposure to the embattled Adani Group seems "manageable" and any credit risk in the aftermath of its billionaire founder-chairman's indictment in the United States looks "contained," JPMorgan said on Friday.

 

US prosecutors have charged Gautam Adani, one of the world's richest people, and seven other people with paying $265 million in bribes to Indian government officials for contracts, including to develop the country's largest solar power plant. READ MORE

 

2:35 PM

Stock Market LIVE Updates: Marksans Pharma shares climb after USFDA's nod for allergic rhinitis drug

Stock Market LIVE Updates: Shares of Marksans Pharma gained up to 3.23 per cent at Rs 319 a piece on the BSE in Friday’s intraday deals. The pharmaceutical company’s shares came in demand after the company disclosed that it has received a final approval on its drug application for Loratadine Tablets from the United States Food and Drug Administration (USFDA).

 

The drug is a generic version of Clartin tablet in the same strength of Bayer Healthcare.  

Loratadine Tablets are indicated for the treatment of allergic rhinitis caused by pollen and upper respiratory tract allergy for over-the-counter (OTC) use. READ MORE

 

2:28 PM

Stock Market LIVE Updates: This microcap stock zoomed 10% on Nov 22 after co announced stock split

Stock Market LIVE Updates: Shares of microcap firm Dev Information Technology rose up to 10.12 per cent at Rs 168.10 a piece on the BSE in Friday’s intraday deals. The stock price came into focus after the company announced its decision to subdivide or split its existing shares. 

 

The company announced that its board of directors will convene on Monday, November 25, 2024, to consider a stock split of its shares, which currently have a face value of Rs 5 each, fully paid up. READ MORE

 

2:19 PM

Stock Market LIVE Updates: Puravankara stock rises 3% as arm launches residential project in Chennai

Stock Market LIVE Updates: Shares of real estate developer Puravankara rose up to 2.88 per cent to hit an intraday high of Rs 336.90 per share on Friday, November 22, 2024. 

 

However, at 1:02 PM, Puravankara shares pared all its gains and were trading 0.50 per cent lower at Rs 325.80 per share. In comparison, BSE Sensex was trading 1.39 per cent higher at 78,230.84 levels. READ MORE

 

2:13 PM

Stock Market LIVE Updates: Sensex zooms 1200 pts; Nifty atop 23,700; What's driving the markets today?

Stock Market LIVE Updates: Domestic benchmark indices Sensex and Nifty edged higher on Friday (November 22) led by index heavyweights. The BSE Sensex zoomed 1,221 points or 1.6 per cent and recorded an intraday high at 78,390.51. While the NSE Nifty was up 365 points or 1.6 per cent above the 23,700 levels. READ MORE

 

 

2:01 PM

Stock Market LIVE Updates: 2 PM market - Sensex, Nifty at day's highs

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday.

At 2 PM, the BSE Sensex was at 78,657, up 1,501 points, or 1.95 per cent, while the Nifty 50 was at 23,793, up 443 points, or 1.9 per cent.

 

1:52 PM

Stock Market LIVE Updates: Sebi investigating Adani Group over possible breach of disclosure norms

Stock Market LIVE Updates: India’s capital markets regulator is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. READ MORE

1:43 PM

Stock Market LIVE Updates: Dividend stocks: PFC, Nalco, 38 others to trade ex-date next week

Stock Market LIVE Updates: Shares of Power Finance Corporation (PFC), National Aluminium Company (Nalco), Taparia Tools, Procter & Gamble Health, Happiest Minds Technologies, Gillette India, and 34 other companies will remain in focus next week as they will trade ex-dividend following the announcements of dividend rewards for their shareholders. READ MORE

1:29 PM

Stock Market LIVE Updates: This microcap stock zoomed 10% on Nov 22 after co announced stock split

Stock Market LIVE Updates: Shares of microcap firm Dev Information Technology rose up to 10.12 per cent at Rs 168.10 a piece on the BSE in Friday’s intraday deals. The stock price came into focus after the company announced its decision to subdivide or split its existing shares. The company announced that its board of directors will convene on Monday, November 25, 2024, to consider a stock split of its shares, which currently have a face value of Rs 5 each, fully paid up. READ MORE

1:28 PM

Stock Market LIVE Updates: Wipro jumps 3% as board fixes record date for bonus issue; Check details

Stock Market LIVE Updates: Wipro shares gained 2.9 per cent in Friday's trade and logged an intraday high of Rs 573.45 per share on BSE. The buying interest sparked after the company declared a record date for a bonus issue.

Around 11:25 AM, Wipro share price was up 1.92 percent at Rs 567.9 per share on BSE. In comparison, the BSE Sensex was up 0.64 per cent at 77,647.92. READ MORE

 

1:18 PM

Stock Market LIVE Updates: Paytm rallies 6%, trades higher for fifth straight day; nears 52-week high

Stock Market LIVE Updates: Shares of One97 Communications, which owns and operates fintech platform Paytm, have continued their upward trajectory, and rallied 6 per cent to Rs 897.90 on the BSE in Friday’s intra-day trade amid heavy volumes. The stock of the fintech company is quoting higher for the fifth straight day, having surged 19 per cent during the period.

 

The stock price of the company is trading at its highest level since November 2023; it is inching towards its 52-week high level of Rs 926.70 that it touched on November 23, 2023. READ MORE

 

1:04 PM

Stock Market LIVE Updates: 1 PM market - Sensex, Nifty at day's highs

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday.

At around 1 PM, the BSE Sensex was at 78,273, up 1,117 points, or 1.45 per cent, while the Nifty 50 was at 23,708, up 358 points, or 1.54 per cent.

 

12:45 PM

Stock Market LIVE Updates: This microcap stock has zoomed over 100% in 5 days; trades at 6-year high

Stock Market LIVE Updates: Shares of specialty chemicals company Multibase India were locked in the 10 per cent upper circuit at Rs 565.30, hitting a multi-year high on the BSE in Friday’s intra-day trade. The stock price of the microcap company was trading higher for the fifth straight day, zooming 107 per cent from a level of Rs 273.6 on November 13.

 

A sharp rally in the stock price of Multibase India was triggered after the company's board recommended an interim dividend of Rs 53 per equity share for the financial year 2024-25. READ MORE

 

12:34 PM

Stock Market LIVE Updates: Innovators Facade up 10% on securing Rs 110 cr order from Prestige Mulund

Stock Market LIVE Updates: Innovators Facade Systems shares gained 9.7 per cent in morning deals on Friday and clocked an intraday high of Rs 197 per share on BSE. The buying in the stock came after the company received Rs 110 crore worth of work orders from Prestige Mulund Realty.

 

Around 9:54 AM, Innovators Facade shares were up 5.52 percent at Rs 189.4 per share on BSE. In comparison, the BSE Sensex was up 0.38 per cent at 77,451.10. READ MORE

 

 

12:27 PM

Stock Market LIVE Updates: Hind Rectifiers incorporates subsidiary in UAE to expand in international market

Stock Market LIVE Updates: Hind Rectifiers today informed that it has incorporated a wholly-owned subsidiary, Hirect FZ-LLC on November 21, 2024, in the UAE "to become more customer-focused and leverage the growth opportunities in the international market."

The company, in an exchange filing, said, "The Company will deal in Power Generation, Transmission & Distribution Equipment Trading; Heavy Equipment & Machinery Spare Parts Trading; Electronic Card Wholesale; Industrial Plant Equipment & Spare Parts Trading; and Wholesale of Non-ferrous Metal Main Products Trading."

 

12:16 PM

Stock Market LIVE Updates: Praj Industries shares fly 10% as Co expects to triple revenues by 2030

Stock Market LIVE Updates: Shares of Praj Industries were in demand on Friday, November 22, 2024 as the scrip rallied 9.61 per cent to hit an intraday high of Rs 740.90 per share. 

 

The rise in the Praj Industries scrip came after the company said that it is expecting to triple its revenues by 2030, during a press conference. Moreover, Praj Industries is eying opportunities in multiple sectors including sustainable aviation fuel (SAF), biopolymers and the energy transition & climate actions (ETCA). READ MORE

 

12:07 PM

Stock Market LIVE Updates: Tata Power signs deal with Asian Development Bank for $4.25 bn; stock up

Stock Market LIVE Updates: Electric power distribution company Tata Power share price inched up to 2.01 per cent to hit an intraday high of Rs 416.70 per share on Friday, November 22, 2024.

 

The rise in Tata Power share came after the company announced that it has entered into a memorandum of understanding (MoU) with Asian Development Bank (ADB) for $4.25 billion to finance key clean energy power projects. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market - Sensex, Nifty climb higher

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday.

At around 12 PM, the BSE Sensex was at 77,900, up 747 points, or 0.97 per cent, while the Nifty 50 was at 23,584, up 234 points, or 1 per cent.

 

11:51 AM

Stock Market LIVE Updates: Rs 1,274-cr order sends Afcons Infrastructure stock 4% higher; details here

Stock Market LIVE Updates: Construction engineering company Afcons Infrastructure share price increased as much as 3.72 per cent to hit an intraday high of Rs 506 per share on Friday, November 22, 2024. 

 

The uptick in the shares of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, was fuelled by Rs 1,274 crore order from Uttarakhand Project Development and Construction Corporation Ltd. READ MORE