Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850

Closing Bell on December 5, 2023: The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day

Stock market highlights: Domestic markets hit record highs for a second straight day as gains from hopes of political stability continued on the bourses.

The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day. The index witnessed mild profit booking before closing at 69,296, up 431 points or 0.63 per cent.

The Nifty50, on the other hand, made a new high of 20,864 before settling 168 points, or 0.8 per cent, higher at 20,855. The rally was again led by financials, and Adani group stocks.

Meanwhile, in the broader markets, the BSE MidCap hit a new high of  35,216, while the BSE SmallCap registered 41,317.6 as it new all-time high. Both the indices, however, ended 0.1 per cent higher.  

4:08 PM

Comment :: 'Focus on stocks that were on the sidelines for some time'

The rotational buying across heavyweights is pushing the Nifty to a newer high despite the overbought reading and it is now heading towards a new milestone of the “21,000”+ mark.

We recommend focusing on the stocks that were on the sidelines for some time and are likely to join the move now. At the same time, traders should keep on trailing stop losses in the existing trades to capitalize on the prevailing trend.

Views by:  Ajit Mishra, SVP - Technical Research, Religare Broking

 

4:07 PM

Comment :: Here's all that happened in the markets today

The domestic market extended the gains and hit fresh highs despite cautiousness among global peers ahead of key US job data this week. The aura of the state election results and other positive factors like above-expected earnings and GDP growth data are supporting the return of FII flows to the Indian market. The RBI’s monetary policy meeting is expected to be status quo however, the commentary on economy growth, foodgrain prices and inflation trajectory will be closely watched.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.

3:44 PM

Currency check :: Rupee ends near record low levels

3:41 PM

SmallCap Heatmap :: Index records lifetime high of 41,318, ends 0.12% up

3:40 PM

MidCap Heatmap :: Index hits record high of 35,216, ends 0.14% up

3:38 PM

Nifty Heatmap :: Adani, banks, power stocks lead bull charge; defensives on backfoot

3:37 PM

CLOSING BELL :: Nifty holds 20,850 at close

3:35 PM

CLOSING BELL :: Sensex ends atop 69,000, gains over 400 pts

3:27 PM

ALERT :: November UK JLR sales rise to 6,250 units vs 4,204 units Y-o-Y

3:15 PM

Trai directs Jio, Airtel to clarify terms on unlimited 5G data offerings

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3:01 PM

Global check: US, UK stock futures exhibit mixed trend

Source: Investing.com

2:51 PM

ALERT:: Maharashtra Seamless outlook on long-term credit raised to Positive; stock gains

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2:41 PM

ALERT:: Easy Trip Planners announces Winter Carnival Sale; stock marginally up

Easy Trip Planners in an exchange filing said that the company has unveiled a 'Winter Carnival Sale' to offer discounts on flights, hotels, holidays, busses, cabs and more, for bookings done up to December 09.

2:30 PM

BSE Power index surges nearly 5%; NTPC, Adani Power, ABB hit new peaks

In the past two months, the power index has surged 19 per cent, while in nine months, it zoomed 59 per cent. READ MORE

2:19 PM

Softening demand drags India's November PMI to 12-month low of 56.9

Growth in India’s dominant services sector continues to lose steam marked by the headline Purchasing Managers’ Index (PMI) figure falling for the second consecutive month in November to its lowest levels in a year. Due to softer expansions in new work intakes and output, the PMI figure fell to 56.9 in November from 58.4 in October, showed the survey released by S&P Global on Tuesday. READ MORE