Stock Market Close Highlights: Bulls roar at D-Steet; Sensex reclaims 80k, Nifty ends above 24,200

Stock Market Highlights: The day ended in favour of the bulls, with 47 out of 50 constituent stocks of the Nifty50 ending in the green, led by ONGC, BEL, BPCL, and Shriram Finance

4:11 PM

Stock Market Highlights LIVE Updates: 24,500 to act as crucial resistance for Nifty50

The Nifty opened with a gap-up on Monday and traded sideways throughout the day. The index has moved above the 21 EMA, indicating improving sentiment. The RSI is in a bullish crossover and trending upward. 

 

The sentiment is expected to remain positive in the short term, with buying on dips likely to favor traders. On the higher side, 24,500 is expected to act as a crucial resistance; a decisive move above this level could trigger a further rally. Support on the lower side is placed at 23,950–24,000."

 

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

3:49 PM

Stock Market Highlights LIVE Updates: Major state election results lifted market sentiment

Major state election results lifted market sentiment and increased the scope of stability in government spending in H2FY25 to meet the capex target. The rally was broad-based, while capex-linked sectors like infra, capital goods, and industrials outperformed in expectation of a surge in new order inflows.

The prospects of H2 remain positive due to a good monsoon, festival, and marriage season, which could ease the impact of earnings downgrades that happened in Q2.

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

3:47 PM

Stock Market Highlights LIVE Updates: ONGC, Bharat Electronics, L&T gain on NSE

ONGC, Bharat Electronics, and L&T were among the top five gainers on NSE.

3:44 PM

Stock Market Highlights LIVE Updates: Nifty PSU Bank rallies 4%

Among sectors, Nifty PSU Bank outran others, surging over 4 per cent and was followed by the likes of Nifty Media and Nifty Financial Services.

3:40 PM

Stock Market Highlights LIVE Updates: Broader indices soar

The BSE MidCap index surged 1.61 per cent, while the BSE SmallCap index rose 1.86 per cent.

3:37 PM

Stock Market Highlights LIVE Updates: 24 out of 30 stocks end in green

Larsen and Toubro, SBI and Adani Ports were among the top 24 gainers on the BSE Sensex. 

3:36 PM

Stock Market Highlights LIVE Updates: Heatmap check

3:34 PM

Stock Market Highlights LIVE Updates: Nifty finishes above 24,200

NSE's Nifty50 closed at 24,221 level, up 314 points or 1.32 per cent. 

3:32 PM

Stock Market Highlights LIVE Updates: Sensex ends 990 points higher

The BSE Sensex closed 992 points or 1.25 per cent higher at 80,109 level on Monday.

3:23 PM

Stock Market LIVE Updates: Jai Corp, Reliance Industrial Infra rally up to 20% on heavy volumes

Shares of Jai Corp and Reliance Industrial Infrastructure have rallied by up to 20 per cent on the BSE in Monday’s intra-day trade amid heavy volumes after the Bharatiya Janta Party (BJP) and its allies (Mahayuti) won in 235 assembly seats to retain power in Maharashtra while MVA was restricted to just 50 seats. Read more

3:14 PM

Stock Market LIVE Updates: Mahindra Lifespace's arm joins hands with Sumitomo Corp; Stock gains 5%

Shares of Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, jumped 5.58 per cent to Rs 461.25 during intraday trade on Monday. Approximately 0.26 million shares of the company, worth Rs 12.58 crore, were traded on the NSE and BSE combined. Read more

3:03 PM

Stock Market LIVE Updates: 3 PM market update

At 3 PM, the BSE Sensex was at 80,081.05, up 963.94 points, or 1.22 per cent, while the Nifty50 was at 24,228, up 320.75 points, or 1.22 per cent. 

2:56 PM

Stock Market LIVE Updates: These 2 smallcap stocks have zoomed over 60% thus far in November

Stock Market LIVE Updates: Shares of Vimta Labs and WPIL have rallied by up to 15 per cent on the BSE in Monday’s intra-day trade on expectation of strong earnings. In one month, the market price of these smallcap stocks zoomed by up to 63 per cent after reporting a robust results for the second quarter ended September 2024 (Q2FY25). In comparison, the BSE Sensex and BSE Smallcap index are up 0.6 per cent and 2 per cent, respectively.

 

Individually, Vimta Labs hit a new high of Rs 878, surging 15 per cent on the BSE in intra-day trade today. READ MORE

 

2:44 PM

Stock Market LIVE Updates: Akzo Nobel India shares gain 4% on monetisation plan for immovable property

Stock Market LIVE Updates: Shares of paint maker Akzo Nobel India surged 3.95 per cent to a day’s high of Rs 3,747 on the National Stock Exchange (NSE) during intraday trade on Monday. The rise in the company's stock price followed news of its plan to sell a part of its non-performing immovable properties.

 

In an exchange filing on Friday, November 22, 2024, Akzo Nobel India stated, “The Board has approved a proposal to monetise the company’s immovable property/ies through sale, as they have limited or non-productive use for business operations.” READ MORE

 

2:33 PM

Stock Market LIVE Updates: Adani Group assures 'enough cash flows' amid US allegations fallout

Stock Market LIVE Updates: India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.

 

Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday. READ MORE

 

 

2:22 PM

Stock Market LIVE Updates: S&P Global cuts India's GDP growth forecast to 6.7% for FY26, 6.8% for FY27

Stock Market LIVE Updates: S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand.

 

In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in 2025-26 financial year (April 2025 to March 2026) and 6.8 per cent in the following fiscal year, down from 6.9 per cent and 7 per cent, respectively in previous projections.

For FY25, S&P Global pegged GDP growth rate at 6.8 per cent. READ MORE

 

2:18 PM

Stock Market LIVE Updates: Marine Electricals bags Rs 12.93-cr orders from Cochin Shipyard & Kutch Copper

Stock Market LIVE Updates: Marine Electricals (India) today informed that it has bagged orders worth Rs 12.93 crore, from Cochin Shipyard, apart from Adani Group company Kutch Copper Tubes Limited. 

 

The company, in an exchange filing, said, "We are pleased to inform you that Marine Electricals (India) Limited has received order amounting to Rs. 12.93Cr (Excluding Taxes), the details of the same is mentioned as under:- 1. Order received from Cochin Shipyard Limited, for supply of Base & Depot Spares for ASW & SWC Project. The Delivery shall be over a period of 8 Months. 2. Order received from Kutch Copper Tubes Limited (Adani Group), for supply of LT Panel for Mundra Site Project. The Delivery shall be over a period of 4 Months."

2:13 PM

Stock Market LIVE Updates: Vedanta tests offshore dollar bond demand amid Adani-induced uncertainty

Stock Market LIVE Updates: Vedanta Resources Ltd. is going ahead with its second dollar bond offering in two months, testing investor appetite for Indian offshore debt just days after the US indictment of Adani Group founder Gautam Adani.

 

A unit of Vedanta, a London-based mining company with most of its operations in India, is selling a callable note, according to people familiar with the matter who asked not to be identified. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty pull back from day's highs; trade in green

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, having climbed off their day's highs, were trading in the green.

At 2 PM, the BSE Sensex was at 79,886.87, up 769 points, or 0.97 per cent, while the Nifty 50 was at 24,180, up 273.25 points, or 1.14 per cent.

 

1:52 PM

Stock Market LIVE Updates: UPL and CH4 Global tie up to bring methane reducing feed supplement for cattles

Stock Market LIVE Updates: UPL today announced that it has signed a a strategic partnership agreement with CH4 Global, with the aim to bring CH4’s methane-reducing feed supplement to millions of cattle per day.

The company, in an exchange filing, said, "Under the multi-phase, multi-year agreement, UPL and CH4 Global will develop a comprehensive roadmap targeting key livestock markets in India, Brazil, Argentina, Uruguay and Paraguay, which together represent more than 40 per cent of the world’s cattle population. The collaboration will establish specific business models to distribute CH4 Global’s Methane Tamer cattle feed additive in each of these markets."

Methane Tamer, CH4 Global’s flagship product, is a stable, formulated cattle feed supplement based on whole Asparagopsis seaweed that has been shown in studies to reduce enteric methane emissions from cattle by up to 90 per cent when used as recommended, it added.

 

1:38 PM

Stock Market LIVE Updates: National Fertilizers stock jumps 6% on plans to manufacture nano urea

Stock Market LIVE Updates: Shares of state owned National Fertilizers jumped up to 6.1 per cent to hit an intraday high of Rs 114.95 a piece on Monday after the fertiliser manufacturer announced its planned forays in nano urea by launching its latest and ultra effective variant using nano technology at its Nangal plant. 

“The company shall be manufacturing 1.5 lakh bottles of 500 ml per day at its nangal plant with the new variant. The company is conducting extensive field research through studying the effectiveness and acceptability of various types of nano urea variants presently available in the market. The Nano Urea is more efficient in terms of nutrient uptake and releases nitrogen more slowly. It is more environmentally friendly because it reduces the amount of nitrogen lost to the atmosphere as greenhouse gases,” the company said in an exchange filing on Friday. READ MORE

 

1:26 PM

Stock Market LIVE Updates: IFCI soars 15% as board approves merger of IFCI group of companies

Stock Market LIVE Updates: IFCI Ltd shares gained 14.7 per cent in Monday's trade and logged an intraday high of Rs 66.59 per share on BSE. The counter saw buying after the company's board approved the consolidation of IFCI Group companies.

Around 10:02 AM, IFCI's share price was up 11.39 percent at Rs 64.63 per share on BSE. In comparison, the BSE Sensex was up 1.46 per cent at 80,268.99. READ MORE

 

1:16 PM

Stock Market LIVE Updates: Why has Aurobindo Pharma stock gained 3% in trade today, November 25?

Stock Market LIVE Updates: Pharmaceutical major Aurobindo Pharma shares increased up to 2.63 per cent to hit an intraday high of Rs 1,255.90 per share on Monday, November 25, 2024. 

 

The rise in Aurobindo Pharma share price came after the company announced that its US-based wholly-owned subsidiary, Aurobindo Pharma USA Inc., has entered into a Collaboration and Licence Agreement on November 22, 2024, with a global pharma major for development of specific products across respiratory therapeutic area and their commercialisation. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Markets off day's high; Sensex, Nifty trade in green

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, having climbed off their day's highs, were trading in the green.

At 1 PM, the BSE Sensex was at 79,818.29, up 701 points, or 0.89 per cent, while the Nifty 50 was at 24,141, up 234.60 points, or 0.98 per cent.

 

12:44 PM

Stock Market LIVE Updates: PESO approval for high-pressure cylinders lifts Time Technoplast stock 5%

Stock Market LIVE Updates: Time Technoplast shares soared up to 5.35 per cent to hit an intraday high of Rs 412.25 per share on Monday, November 25, 2024. The rise in Time Technoplast share price came after the company announced that it has received an Approval from the Nodal Agency, Petroleum and Explosives Safety Organization (PESO), to manufacture and supply high pressure type-3 fully wrapped fibre reinforced composite cylinders (6.8 litres). READ MORE

12:37 PM

Stock Market LIVE Updates: Adani Group shares surge up to 7%; extend recovery post Maha poll verdict

Stock Market LIVE Updates: Shares of Adani Group companies rallied up to 7 per cent on the BSE in Monday’s intra-day trade after a landslide victory of the BJP-led Mahayuti alliance in the Maharashtra legislative elections. In the process, the Adani group stocks continued their recovery - from the US SEC charges fall - for the second straight day. READ MORE

12:32 PM

Stock Market LIVE Updates: Sensex gains over 3,000 points in two sessions. Time to buy, sell, hold?

Stock Market LIVE Updates: It has been a good run for the markets in the last two sessions with the S&P BSE Sensex surging over 3,200 points in two sessions. While the rally on Friday of 1,961-points was mostly led by positive global cues amid some buying in Adani group shares, the intraday up move on Monday of over 1,300 points was triggered by the outcome of Maharashtra assembly elections that saw Mahayuti Alliance retain power amid a thumping majority. Positive global cues also aided sentiment. READ MORE

12:24 PM

Stock Market LIVE Updates: VST Ind gains 5% after selling 2.7 acre land for Rs 101.7 cr in Hyderabad

Stock Market LIVE Updates: VST Industries shares rose 5.3  per cent in trade and logged an intraday high of Rs 304 per share on BSE. The scrip rallied after the company sold 2.7 acres of land situated in Hyderabad for Rs 101.7 crore. READ MORE

12:17 PM

Stock Market LIVE Updates: Stock benchmarks extend rally as Mahayuti wins Maharashtra Assembly polls

Stock Market LIVE Updates: Stock benchmarks in India surged on Monday as Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance secured a thumping victory in the nation’s wealthiest state of Maharashtra. READ MORE

12:11 PM

Stock Market LIVE Updates: Rites up 13% as LMG-BPB project worth revised to Rs 532 cr from Rs 288 cr

Stock Market LIVE Updates: Rites shares advanced 12.6 per cent in trade on Monday and logged an intraday high of Rs 310 per share on BSE. The demand for the stock came after the company received revised estimates for electrification work at Lumding - Badarpur section from Rs 531.77 crore from Rs 288.44 crore.

 

Around 11:15 AM, Rites' share price was up 8.65 percent at Rs 299 per share on BSE. In comparison, the BSE Sensex was up 1.66 per cent at 80,426.74. READ MORE