Sensex soars 728 pts, Nifty ends above 20K after over 2 mths in broad rally
Closing Bell on Wednesday, November 29, 2023: Among sectors, the Nifty bank, Auto, Financial Services, IT, PSU bank, and Private Bank indices ended higher in the range of 1 per cent to 1.5 per cent
 "bull market")
Photo: Bloomberg
Stock market highlights: Benchmark indices staged a smart rally on Wednesday led by shares of Reliance Industries, IT, auto, and select private banks. The S&P BSE Sensex rallied 728 points, or 1.1 per cent, to end at 66,902 levels.
The Nifty50, meanwhile, closed above the 20,000-mark for the first time after more than two months at 20,097, up 207 points or 1 per cent.
In the broader markets, the BSE MidCap and SmallCap indices added 0.78 per cent and 0.4 per cent, respectively.
With this, the m-cap of all BSE listed companies touched the historic feat of $4 trillion for the first time. READ MORE
With this, the m-cap of all BSE listed companies touched the historic feat of $4 trillion for the first time. READ MORE
Among sectors, the Nifty bank, Auto, Financial Services, IT, PSU bank, and Private Bank indices ended higher in the range of 1 per cent to 1.5 per cent.
3:46 PM
>> In terms of outlook, we do not see any immediate short term risks to the markets. If the recent fall in crude oil prices sustain, it would be positive for the markets.
>> In long term, Indian economy and markets are in a sweet spot currently and are set to achieve more new milestones ahead.
Views by: Narendra Solanki, Head - Fundamental Research, Anand Rathi Shares and Stock Brokers
Comment :: 'Do not see any immediate short term risks to the markets'
>> The markerts are in a very healthy with broader markets also participating.
>> In fact, the mid and small caps stocks have outperformed their larger peers in current rebound.
>> On the flows front, we have seen FIIs coming back strongly in past weeks and have now turned positive for the month.
>> Domestic flows continues to remain strong which adds much needed cushion to global volatility.
>> In fact, the mid and small caps stocks have outperformed their larger peers in current rebound.
>> On the flows front, we have seen FIIs coming back strongly in past weeks and have now turned positive for the month.
>> Domestic flows continues to remain strong which adds much needed cushion to global volatility.
>> In terms of outlook, we do not see any immediate short term risks to the markets. If the recent fall in crude oil prices sustain, it would be positive for the markets.
>> In long term, Indian economy and markets are in a sweet spot currently and are set to achieve more new milestones ahead.
Views by: Narendra Solanki, Head - Fundamental Research, Anand Rathi Shares and Stock Brokers
3:44 PM
Currency check :: Rupee ends flat at 83.33/$ against Tuesday’s close
3:43 PM
SmallCap Heatmap :: Index ends 0.4% higher; check top gainers and losers
3:41 PM
MidCap Heatmap :: Index up 0.8%; check top gainers and losers
3:40 PM
Heatmap :: 41 of 50 Nifty stocks vault in trade; Axis Bank, Hero Moto march ahead
3:37 PM
CLOSING BELL :: Nifty ends near 20,100
3:36 PM
CLOSING BELL :: Sensex zooms over 700 pts
3:23 PM
Gold near 7-mth peak as dollar, yields dip on Fed rate-cut speculations
Gold prices touched a nearly seven-month high on Wednesday, propelled by a decline in the U.S. dollar and bond yields as investors grew confident that the Federal Reserve would likely cut interest rates by the first half of next year. READ MORE
3:13 PM
Global check:: US stock futures advance up to 0.7%
Source: Investing.com
3:03 PM
ALERT:: Infosys inks deal with Bank of Commerce; stock up 1%
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC) group in the Philippines, today announced the bank's decision to select Infosys Finacle Suite for its core banking transformation.
Topics : Stock Market MARKET LIVE MARKET WRAP Markets Sensex Nifty stock market trading Indian stock markets S&P BSE Sensex Zomato stock market listing
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First Published: Nov 29 2023 | 8:05 AM IST