Sensex, Nifty End At Fresh Record Highs led by Auto, Financials

Must read

Daily Analysis of Stock Market – NIFTY – 24th November 2020

On Tuesday, The market had a gap up opening and remained in green for the whole session. At the closing, the market closed in...

NSE Revokes Karvy Stock Broking’s Membership

The National Stock Exchange (NSE) has declared Karvy Stock Broking Ltd as defaulter and has revoked the membership effective from Monday Market Closing."All members...

Buy Aurobindo Pharma With Target Of Rs 980: Motilal Oswal

Motilal Oswal has recommended a BUY on Aurobindo Pharma with a Target Price of Rs. 980, and an upside of 17% from CMP of Rs. 839.Aurobindo...

Daily Analysis of Stock Market – NIFTY – 23rd November 2020

On Monday, The market had a gap up opening, Later it slipped but closed in the green. At the closing, the market closed in...

Nifty as well as Sensex closed today at the high of 12938.3 and 44180.05 respectively. The market was flat during the initial hours but later it moved upwards. About 1496 shares have advanced, 1100 shares declined, and 153 shares remained unchanged.

Advertisement

M&M, Tata Motors, Bajaj Finserv, L&T, and IndusInd Bank were among major gainers on the Nifty, whereas BPCL, HUL, Dr Reddy’s Labs, ITC, and Titan Company were among the major losers. Adani Gas rose about 40% in two days and hit a new high of 350.75. A volume spike of more than 100 percent was seen in Tata Motors, M&M, and Mahanagar Gas.


The Progressive Broker says, In the opening trade, Index was trading with a loss but recovery from lower levels was seen under the leadership of Auto and banking stocks. Momentum accelerated in the 2nd half of the trading session which pushed the Index higher to end the day at 12,938.25 with gains of 64.05 points. Auto and Banking indices ended the day with strong gains while weakness remained in FMCG and IT stocks.

Markets managed to inch higher amid volatility, in continuation of the prevailing uptrend. The benchmark opened marginally lower on the back of unsupportive global cues as news of rising coronavirus cases impacted sentiments. The mood remained somber in the first half but the tone turned bullish in the second half led by healthy buying in select heavyweights. Consequently, the Nifty ended with gains of 0.5% at 12,938 levels. The broader markets outperformed and ended higher in the range of 0.9-1.2%. Amongst the sectors, banks, auto, and capital goods showed a noticeable surge while defense such as FMCG, healthcare and IT were laggards

Advertisement
, Says Ajit Mishra, Religare Broking

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Daily Analysis of Stock Market – NIFTY – 24th November 2020

On Tuesday, The market had a gap up opening and remained in green for the whole session. At the closing, the market closed in...

NSE Revokes Karvy Stock Broking’s Membership

The National Stock Exchange (NSE) has declared Karvy Stock Broking Ltd as defaulter and has revoked the membership effective from Monday Market Closing."All members...

Buy Aurobindo Pharma With Target Of Rs 980: Motilal Oswal

Motilal Oswal has recommended a BUY on Aurobindo Pharma with a Target Price of Rs. 980, and an upside of 17% from CMP of Rs. 839.Aurobindo...

Daily Analysis of Stock Market – NIFTY – 23rd November 2020

On Monday, The market had a gap up opening, Later it slipped but closed in the green. At the closing, the market closed in...

Hatsun Agro Product To Receive Subsidies From Government of Telangana Up To Rs. 25 Crores

Hatsun Agro Products which have its headquarter in Chennai is the fastest-growing Asian Dairy Company. It was founded by Ganesan father of R. G....