Stock Market Highlights: Sensex trims gain on late sell-off, ends 239 pts up; Nifty holds 23,500

Stock Market Today: Indian benchmark equity indices BSE Sensex and Nifty 50 settled in the positive territory on Tuesday

Stock Market Highlights, Tuesday, November 19, 2024:  Benchmark equity indices, BSE Sensex and NSE Nifty50, ended their seven-day losing streak to settle in positive territory on Tuesday.

 

The BSE Sensex added 239.37 points, or 0.31 per cent, to settle at 77,578.38. 

 

Similarly, NSE Nifty50 settled higher at 23,518.50, up 64.70 points or 0.28 per cent from its previous close.

 

Among the 50 constituent stocks of Nifty50, 27 ended in the red, dragged down by SBI Life, Hindalco, Reliance Industries, HDFC Life Insurance, and State Bank of India with losses extending upto 2.92 per cent.  Mahindra & Mahindra, Tech Mahindra, HDFC Bank, Dr Reddy's Labs, and Eicher Motors were among the 23 Nifty50 constituent stocks that settled in the green with gains extending up to 3.15 per cent.    Among broader markets, Nifty Smallcap100 and Nifty Midcap100 indices rose 0.97 per cent and 0.93 per cent, respectively.  

All sectoral indices ended in green, except Nifty Metal, PSU Bank and OMCs. The Nifty Media Index led gains, rising 2.45 per cent. Nifty Auto, Pharma, Realty and Consumer Durables followed, each gaining over 1 per cent.  Meanwhile, the Nifty IT Index advanced 0.83 per cent on Tuesday.

    

 

4:00 PM

Stock Market Highlights LIVE Updates: The Nifty's movement reflects that bears are firmly in control

Markets experienced a volatile session and ended marginally higher, pausing after the recent decline. Despite an initial uptick and a positive move in the first half, a sharp sell-off in the latter half erased all gains. Sectoral trends remained mixed, with realty, auto, and pharma leading the gainers, while metal and energy ended in the red. Broader indices outperformed amidst the choppiness, closing with gains of nearly half a percent each. 
 

The Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short. We maintain our “sell on rise” stance for the index until a decisive reversal is evident, while emphasising a selective approach for stock-specific trades.

(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)

3:58 PM

Stock Market Highlights LIVE Updates: Market pullback is over, next leg of the decline likely to resume

Nifty opened on a positive note and witnessed a sharp surge during the first half of the trading session. A sell off during the second half resulted into a weak close. Nifty closed in the positive up 65 points, however, well off the intraday highs indicating inability to sustain at higher levels.

The 40-hour average (23,733) acted as a strong resistance and until the index manages to sustain above it we shall to maintain a negative stance. The hourly momentum indicator has completed pullback cycle to equilibrium line suggesting that the pullback is over and is likely to resume next leg of the decline. On the downside we are expecting 23,180, which coincides with the 61.82 per cent Fibonacci retracement level.

 

Bank Nifty also witnessed an upmove towards 51000, however it sold off and closed well of the intraday highs. The weakness is likely to continue, and we expect the bank nifty to test 49800 – 49700 which coincides with the 200-day moving average. On the upside, 50800 – 50900 shall act as an immediate hurdle zone from short term perspective.

(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)

3:45 PM

Stock Market Highlights LIVE Updates: SBI Life, Hindalco, RIL shed on NSE

SBI Life, Hindalco, and Reliance Industries were among the top leaders on NSE. 

3:43 PM

Stock Market Highlights LIVE Updates: Nifty Media, Realty, Auto lead among sectors

Among sectors, Nifty Media outran others, rising 2.45 per cent, followed by Nifty Realty and Nifty Auto. 

3:40 PM

Stock Market Highlights LIVE Updates: Broader markets end in green

The BSE SmallCap index surged 0.90 per cent, while the BSE MidCap index climbed 0.94 per cent at close on Tuesday. 

3:36 PM

Stock Market Highlights LIVE Updates: M&M, Tech Mahindra lead on Sensex

M&M, Tech Mahindra, HDFC Bank and Titan were among the top gainers on the BSE Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty ends above 23,500

The NSE's Nifty50 finished at 23,518 level, up 68 points or 0.28 per cent. 

3:32 PM

Stock Market Highlights LIVE Updates: Sensex pares early gains to end over 200 pts higher

After gaining over 1,000 points in intraday deals, the BSE Sensex closed 239 points or 0.34 per cent higher at 77,578 level. 

3:15 PM

Stock Market LIVE Updates: Waaree Energies slips 6% on muted September quarter results

Waaree Energies share price slipped 6 per cent to Rs 2,914.60 on the BSE in Tuesday’s intra-day trade in an otherwise strong equity market after the company reported a muted set of numbers for the second quarter ended September 2024 (Q2FY25).

 

At 02:28 pm; Waaree Energies was trading 5 per cent lower at Rs 2,961.60, as compared to 1.07 per cent rise in the BSE Sensex. The stock has corrected 22 per cent from its high of Rs 3,740.75 touched on November 6. It had hit a low of Rs 2,294.55 on the listing day i.e. October 28. Currently, Waaree Energies is trading 94 per cent higher over its issue price of Rs 1,503 per share. Read more

3:00 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was up 437 points, or 0.57 per cent higher at 77,776.97, while the Nifty 50 was at 23,521.85, up 68 points, or 0.29 per cent.

 

2:59 PM

Stock Market LIVE Updates: This auto component maker's stock jumped 8%; what is boosting the rally?

Stock Market LIVE Updates: Shares of auto component maker Sterling Tools Limited (STL) rose as much as 8.42 per cent to hit an intraday high of Rs 595 per share on Tuesday, November 19, 2024. 

The rise in Sterling Tools share price came after the company revealed that it has been awarded the long-term rating of [ICRA]AA- (Positive), from [ICRA]AA- (Stable).
 

The upgrade highlighs STL’s robust credit profile and major growth in its electric vehicle (EV) components segment, which has diversified its revenue streams. READ MORE

 

 

2:55 PM

Stock Market LIVE Updates: A gradual climb for LVs sales in India, projected to grow 3.7% in 2025

Stock Market LIVE Updates: Sales growth of light vehicles (LVs) in India is expected to grow by only 3.7 per cent in 2025 over the projections for 2024, according to S&P Global Mobility, a trend recently endorsed by R C Bhargava, chairman of the largest carmaker in the country, Maruti Suzuki.

 

For 2024, the growth is projected to be even lower at 2.9 per cent (between January and September, it was 2.7 per cent) after a heady growth in the past few years, especially post-pandemic. In CY23, the market grew by more than 7.3 per cent. READ MORE

 

2:52 PM

Stock Market LIVE Updates: Zomato expects food delivery biz to grow 30% annually over 5 yrs: Executive

Stock Market LIVE Updates: Indian food delivery major Zomato expects its key meal delivery business to grow at an annual rate of 30% over the next five years, a top executive said, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector.

 

"The food delivery sector is still in its nascent stages in the country and ... more competition will only foster innovation and growth which will benefit the sector overall," Rakesh Ranjan, Zomato's food delivery CEO, said on Monday. READ MORE

 

2:50 PM

Stock Market LIVE Updates: Here's why Oil India shares were buzzing in trade on November 19; details

Stock Market LIVE Updates: Shares of Oil India were buzzing in trade on Tuesday, November 19, 2024. The Oil India scrip rose as much as 3.85 per cent to hit an intraday high of Rs 490.75 per share.

Oil India stock price gained after the company announced that TotalEnergies and Oil India Limited (OIL) has signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA1 technology at OIL sites in India. READ MORE

 

2:37 PM

Stock Market LIVE Updates: This SME stock zooms 16% on heavy volume; up 300% vs issue price in 11 mths

Stock Market LIVE Updates: Siyaram Recycling Industries share price hit a new high of Rs 183.85 as the stock surged 16 per cent on the BSE in Tuesday's intra-day trade backd by heavy volumes, on healthy revenue and net profit guidance.

The stock of this SME group company surpassed its previous high of Rs 174.90 touched on October 18, 2024. The average trading volumes at the counter jumped three-fold, with a 306,000 shares changing hands on the BSE. READ MORE