Share Market HIGHLIGHTS: Sensex ends 204 pts higher, Nifty 10 pts shy of 19,900 led by financial, metal stocks; Tata Motors zooms 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex halted a two-day losing streak, driven by financial and metal shares, on Tuesday, November 28, as Dalal Street returned to trade after a long weekend owing to the Guru Nanak Jayanti holiday the previous day.
Catch all the highlights of the November 28 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex halted a two-day losing streak, driven by financial and metal shares, on Tuesday, November 28, as Dalal Street returned to trade after a long weekend owing to the Guru Nanak Jayanti holiday the previous day.
Catch all the highlights of the November 28 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more on Zeebiz.com's blog:
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Thank you! That's all today on Zeebiz.com's blog on the November 28 session on Dalal Street
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Forex Market Update | Rupee off record lows, at 83.34 vs dollar
The rupee (INR) strengthens by six paise to settle at 83.34 against the US dollar (USD) amid positive sentiment in the domestic equity market and foreign fund inflows.
Weakness in the greenback overseas and easing crude prices supported the rupee, according to forex traders.
Closing Bell | Sensex up 204 pts, Nifty 10 pts shy of 19,900 as market halts two-day losing streak; Tata Motors jumps 4%
The Nifty50 gains 95 points, or 0.5 per cent, for the day to end at 19,889.7 and the leaner, 30-scrip Sensex gauge settles at 66,174.2, up 204.2 points, or 0.3 per cent, from its previous close—their highest closing levels since September 20 and October 17, respectively.
Here's how the indices fared during the course of the day:
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
Share Market Today LIVE | Buy Britannia shares on dips, says Sumeet Bagadia
Sumeet Bagadia of Choice Broking expects strong moves in the Britannia stock in the short term.
He suggests adopting a 'buy on dips' strategy on the FMCG stock for immediate targets of Rs 4,750 and Rs 4,800 followed by Rs 5,000 in the following days, with a stop loss at rs 4,625.
Britannia shares have outperformed the market as well as the FMCG basket in the recent past.
The stock has gained 5.7 per cent in five days as against gains of 0.5 per cent and 0.2 per cent in the headline Nifty50 index and the sectoral Nifty FMCG index, respectively.
Image: BSEIndia.com
Share Market Today LIVE | Buy NMDC futures, says Sandeep Wagle
Sandeep Wagle of Sandeep Wagle Advisory Services expects good opportunities in the metal space. He has a positional 'buy' call on NMDC futures for short-term targets of Rs 185, Rs 190 and Rs 195 with a stop loss at Rs 179.
Last week, an increase in the state-run metal producer's prices of lumps and fines came into force.
Share Market Today LIVE | Buy Greenpanel Industries, HLE Glascoat shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart shares two trade recommendations:
- Buy Greenpanel Industries shares for a target of Rs 360 with a stop loss at Rs 330
- Buy HLE Glascoat shares for a target of Rs 550 with a stop loss at Rs 505
Share Market Today LIVE | Buy FACT, SJVN shares, says Bhavin Shah
Independent market analyst Bhavin Shah shares two trading calls with Zee Business viewers:
- Buy FACT shares for a target of Rs 750 with a stop loss at Rs 698
- Buy SJVN shares for a target of Rs 95 with a stop loss at Rs 82
Share Market Today LIVE | Paytm shares remain under pressure after Warren Buffett's Berkshire exits Paytm in $165-million deal
Paytm parent One97 Communications' shares are down 0.4 per cent at Rs 889.1 apiece at this hour, having fallen as much as 1.5 per cent to Rs 880 apiece earlier in the day, after billionaire investor Warren Buffett's Berkshire Hathaway exited the digital payments company after selling its entire stake for about Rs 1,371 crore through a bulk deal on Friday.
Share Market Today LIVE | Cello World shares jump after newly-listed company reports Q2 results
The stock of Cello World (CELLO), a kitchenware products maker whose shares entered the listed space this month, soar by as much as Rs 43.2, or 5.5 per cent, to Rs 824.4 apiece, to trade within inches of an all-time high registered on its first day in the secondary market.
On Saturday, the company reports its quarterly financial results. Its
The company's net profit came in at Rs 86.6 crore and revenue at Rs 489 crore for the quarter ended September 30, according to a regulatory filing.
Cello World's margin stood at 24.6 per cent for the three-month period, as against 23.4 per cent for the financial year ended March 2023.
Share Market Today LIVE | Buy Bank of Baroda shares, says Sneha Seth
Sneha Seth of Angel One recommends buying Bank of Baroda shares for a target of Rs 204 with a stop loss at Rs 192.75.
Share Market Today LIVE | Fortis Healthcare shares recover initial losses after three subsidiaries sign Rs 128 crore deal with MGM Healthcare
Fortis Healthcare shares rise by as much as Rs 8.6, or 2.3 per cent, to Rs 374.9 apiece on BSE, having recovered initial losses after starting the session on a jittery note.
Three subsidiaries of Fortis Healthcare have signed business transfer agreements to the tune of Rs 128 crore with MGM Healthcare.
Share Market Today LIVE | Dalal Street set to see $3.6 billion inflows after US pension fund switches index
The Indian equity market is expected to see inflows to the tune of $3.6 billion (Rs 30,000 crore) after the US government pension fund decides to switch its benchmark index for international funds. Not just India, but the US government's move will benefit economies globally as the change is expected to reshuffle $28 billion (Rs 2.3 lakh crore) in equity investments around the world.
The Federal Retirement Thrift Investment Board (FRTIB) has assets worth $600 billion.
Share Market Today LIVE | Netweb Tech shares locked in upper circuit after firm inks deal with chipmaker NVIDIA
Newgen Software Technologies shares gain by as much as Rs 63.5 to get locked in the five per cent upper circuit at Rs 1,332.6 apiece on BSE.
Earlier, the firm announced that it was a manufacturing partner for the NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.
Read more on Newgen Software Tech shares
Share Market Today LIVE | Nifty off day's high amid weakness in Reliance, ICICI Bank, TCS, Infosys, ITC
Take a look at the top movers and shakers in the Nifty50 basket (by weight) at this hour.
Image: NSEIndia.com
Share Market Today LIVE | Market breadth skewed in favour of the bulls
The overall market breadth on BSE is largely neutral with a positive bias, with an advance-decline ratio of 11:10 as 1,936 stocks are up against 1,734 that are down.