Sensex leaps 493 pts, Nifty ends at record closing high of 20,268
Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade
 "Sensex leaps 493 pts, Nifty ends at record closing high of 20,268")
Stock market highlights: A stronger-than-expected GDP growth in Q2, coupled with expansion in manufacturing PMI for November gave a shot in the arm to market bulls. The S&P BSE Sensex soared 493 points, or 0.74 per cent, Friday to settle at 67,481 levels. The Nifty50, on the other hand, closed at record closing peak of 20,268, up 135 points or 0.67 per cent. It scaled a new peak of 20,291.55 in the intraday trade.
ITC (up 3 per cent), NTPC, L&T, Britannia Industries, Axis Bank, Asian Paints, Bajaj Finance, Tata Steel, JSW Steel, SBI, Coal India, Apollo Hospitals, and ICICI Bank were the top gainers on the benchmarks today.
Meanwhile, in the broader market, the BSE MidCap index, too, hit a new high of 34,631.35 in intraday trade before closing at 34,587, up 0.96 per cent. The BSE SmallCap index, too, ended 0.48 per cent higher.
Among sectors, the Nifty Media index gained 2.57 per cent, the Nifty PSU Bank index rose 1.86 per cent, the Nifty FMCG closed 1.58 per cent higher, and the Nifty Realty advanced 1.32 per cent.
The Nifty Auto index was the only loser, down 0.36 per cent.
3:46 PM
Comment :: 'Nifty now eyeing 20,500'
The rotational buying across the key sectors is helping the index to inch higher, and we are now eyeing 20,500 in Nifty ahead.
Apart from the domestic factors, upbeat global cues, especially the performance of the US markets, are further adding to the positivity.
We thus recommend continuing with a "buy on dips" approach with a focus on stock selection.
Views by: Ajit Mishra, SVP - Technical Research, Religare Broking
Apart from the domestic factors, upbeat global cues, especially the performance of the US markets, are further adding to the positivity.
We thus recommend continuing with a "buy on dips" approach with a focus on stock selection.
Views by: Ajit Mishra, SVP - Technical Research, Religare Broking
3:45 PM
Comment :: 'Rich valuations capping upside in auto stocks despite festive cheer in Nov sales'
Better-than-estimated India GDP numbers will raise the growth outlook for FY24 and provide cheer for the market to continue its upward momentum. The capex by the government and the pickup in manufacturing activity, led the capital goods and infra stocks to outperform.
The global market, too, rallied on hopes that the ECB has completed its rate-hiking cycle on the back of easing inflation and ahead of the FED chair speech today.
Oil prices continued to move on the downside despite the OPEC+ supply cut, which will support the H2FY24 operating margins of the corporations.
The auto sales numbers witnessed a festival cheer, while the premium valuation restricted the upside potential.
Views by: Vinod Nair, Head of Research at Geojit Financial Services
The global market, too, rallied on hopes that the ECB has completed its rate-hiking cycle on the back of easing inflation and ahead of the FED chair speech today.
Oil prices continued to move on the downside despite the OPEC+ supply cut, which will support the H2FY24 operating margins of the corporations.
The auto sales numbers witnessed a festival cheer, while the premium valuation restricted the upside potential.
Views by: Vinod Nair, Head of Research at Geojit Financial Services
3:43 PM
Currency check :: Rupee ends at 83.29/$ against Thursday’s close of 83.40/$
3:42 PM
SmallCap Heatmap :: Index close 0.48% higher; check top gainers and losers
3:41 PM
MidCap Heatmap :: Index hits record high of 34,631 intraday
>> Index ends 0.96% higher at 34,587.
3:39 PM
Nifty Heatmap :: 29 of 50 index stocks close in the positive zone
3:38 PM
CLOSING BELL :: Nifty tops 20,250
3:37 PM
CLOSING BELL :: Sensex settles nearly 500 pts higher
3:28 PM
Nov Auto sales:: TVS Motor sells 364,231 units, up 31% YoY
Two-Wheeler
Total two-wheelers registered a growth of 34% with sales increasing from 263,642 units in November 2022 to 352,103 units in November 2023.
Electric Vehicle
The Company sold 16,782 units in November 2023 as against sales of 10,056 units in November 2022.
International Business
The Company's total exports registered sales of 75,203 units in November 2023 as against 84,134 units registered in November 2022.
Three-Wheeler
Three-wheeler of the Company registered sales of 12,128 units in November 2023 as against 13,481 units in November 2022.
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3:17 PM
CIL's coal output rises 11.5% to 460 mn tonnes during April-November
All the seven arms of CIL have registered growth with two of them -- BCCL and NCL -- achieving their respective progressive targets. During the last month CIL's production increased by 8.7 per cent to 66 MT from 60.7 MT in the corresponding month of previous fiscal. READ MORE
Topics : Stock Market MARKET LIVE MARKET WRAP Markets Markets Sensex Nifty Indian stock markets Market news stock market listing Oil Prices India GDP growth UltraTech PMI services
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First Published: Dec 01 2023 | 7:48 AM IST