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