Stock Market Rally Highlights: Sensex soars 1,960 pts, Nifty ends above 23,900; SBI, TCS jump 4%

Stock Market Highlights: Benchmark Indian equity indices, the BSE Sensex and NSE Nifty50, settled higher by over 2 per cent each on Friday.

4:01 PM

Stock Market Highlights LIVE Updates: 24,040-24,050 will act as immediate resistance for Nifty

Nifty opened on a bullish tone, experienced strong buying interest throughout the day, and closed on a positive note near 23,907 levels. The volatility index India Vix rose by 0.67 per cent to 16.10, indicating an increase in market volatility.

 

Technically, index on a daily scale has formed a large green candle, indicating strength. Furthermore, the index crossed the 23,800 barrier and closed above it, confirming strength. However, the index is still placed below 21-Days exponential moving average (DEMA), which is placed near 24,040.

Thus, 24,040-24,050 will act as immediate resistance for the index, while 23,800 will act as immediate support for the index. If index manages to sustain above 24,050 then rally could extend towards 24,200-24,300 levels. Thus, in the short-term, buy on dips approach should be adopted.

(View by: Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates)

3:51 PM

Stock Market Highlights LIVE Updates: Market rally led by large-cap stocks

The market witnessed a significant broad based rally, from the oversold territory, predominantly led by large-cap stocks, as their valuations appeared appealing with expectations of improvement in corporate earnings in the second half of the fiscal year.

Positive momentum was also observed in global markets, due to modest decline in Japan's October inflation and 39 trillion yen stimulus package. Moderation in global and domestic political drama provided a relief to the domestic market.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)

3:49 PM

Stock Market Highlights LIVE Updates: SBI, Bajaj Finance, Titan rise on NSE

SBI, Bajaj Finance, and Titan were among the top leaders on the NSE.

3:44 PM

Stock Market Highlights LIVE Updates: Nifty IT, PSU Bank, Realty advance 3%

Among sectors, Nifty IT, Nifty Realty and Nifty PSU Bank outran others, rising 3 per cent each.

3:42 PM

Stock Market Highlights LIVE Updates: Broader indices shine

The BSE Midcap index rose 1.26 per cent, while the BSE SmallCap index climbed 0.90 per cent.

3:38 PM

Stock Market Highlights LIVE Updates: 29 out of 30 stocks end in green

SBI, Bajaj Finance, Titan and ITC gained up to 4 per cent each on the BSE Sensex.

3:36 PM

Stock Market Highlights LIVE Updates: Nifty50 closes over 550 pts higher

The NSE's Nifty50 closed at 23,907 level, up 557 points or 2.39 per cent.

3:34 PM

Stock Market Highlights LIVE Updates: Sensex ends over 1,950 points higher

The BSE Sensex raliied 1,961 points or 2.54 per cent at 79,117 level on Friday.  

3:17 PM

Stock Market LIVE Updates: Vijaya Diagnostic hits new high, stock up 65% in 4 months on strong Q2 nos

Shares of Vijaya Diagnostic Centre hit a new high of Rs 1,202, as they rallied 5 per cent on the BSE in Friday’s intra-day trade on healthy outlook. In the past four months, the stock of the healthcare service provider has zoomed 65 per cent on strong earnings.

 

In the September quarter (Q2FY25), Vijaya Diagnostic Centre delivered a robust quarter, achieving an impressive 31.8 per cent year-on-year (YoY) revenue growth, of which 23.0 per cent was organic. Read more

3:06 PM

Stock Market LIVE Updates: Sensex zooms over 1,900 pts

At 3 PM, the BSE Sensex was at 79,095, up 1,940 points, or 2.51 per cent, while the Nifty 50 was at 23,905, up 555 points, or 2.38 per cent. 

2:51 PM

Stock Market LIVE Updates: Ramco Ind & Ramco Cements rise up to 4% in trade; What's driving the stocks

Stock Market LIVE Updates: Ramco Industries' and Ramco Cements' share price gained up to 3.8 per cent in Friday's trade on BSE. The stock rose after Ramco Industries acquired 3,20,000 shares in its associate company, Ramco Cements Limited for a consideration of Rs 29.34 crore.

 

Around 12:09 PM, Ramco Industries shares were up 3.54 percent at Rs 289.95 per share on BSE and Ramco Cements shares were up 3.73 per cent at Rs 948.6 per share. In comparison, the BSE Sensex was up 0.97 per cent at 77,901.63. READ MORE

 

2:42 PM

Stock Market LIVE Updates: Indian banks' credit risk from Adani exposure seems contained: JPMorgan

Stock Market LIVE Updates: Indian banks' loan exposure to the embattled Adani Group seems "manageable" and any credit risk in the aftermath of its billionaire founder-chairman's indictment in the United States looks "contained," JPMorgan said on Friday.

 

US prosecutors have charged Gautam Adani, one of the world's richest people, and seven other people with paying $265 million in bribes to Indian government officials for contracts, including to develop the country's largest solar power plant. READ MORE

 

2:35 PM

Stock Market LIVE Updates: Marksans Pharma shares climb after USFDA's nod for allergic rhinitis drug

Stock Market LIVE Updates: Shares of Marksans Pharma gained up to 3.23 per cent at Rs 319 a piece on the BSE in Friday’s intraday deals. The pharmaceutical company’s shares came in demand after the company disclosed that it has received a final approval on its drug application for Loratadine Tablets from the United States Food and Drug Administration (USFDA).

 

The drug is a generic version of Clartin tablet in the same strength of Bayer Healthcare.  

Loratadine Tablets are indicated for the treatment of allergic rhinitis caused by pollen and upper respiratory tract allergy for over-the-counter (OTC) use. READ MORE

 

2:28 PM

Stock Market LIVE Updates: This microcap stock zoomed 10% on Nov 22 after co announced stock split

Stock Market LIVE Updates: Shares of microcap firm Dev Information Technology rose up to 10.12 per cent at Rs 168.10 a piece on the BSE in Friday’s intraday deals. The stock price came into focus after the company announced its decision to subdivide or split its existing shares. 

 

The company announced that its board of directors will convene on Monday, November 25, 2024, to consider a stock split of its shares, which currently have a face value of Rs 5 each, fully paid up. READ MORE

 

2:19 PM

Stock Market LIVE Updates: Puravankara stock rises 3% as arm launches residential project in Chennai

Stock Market LIVE Updates: Shares of real estate developer Puravankara rose up to 2.88 per cent to hit an intraday high of Rs 336.90 per share on Friday, November 22, 2024. 

 

However, at 1:02 PM, Puravankara shares pared all its gains and were trading 0.50 per cent lower at Rs 325.80 per share. In comparison, BSE Sensex was trading 1.39 per cent higher at 78,230.84 levels. READ MORE