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Share Market News Highlights: Sensex jumps 762 points to hit record closing high, Nifty settles near 18,500; Apollo Hospitals, HDFC Life, BPCL among top gainers

Business Today Desk Nov 24, 2022, Updated Nov 28, 2022, 2:22 PM IST

Stock Market News Highlights: Sensex and Nifty settled higher on Thursday, extending their gains for the third straight session on positive global cues. The domestic indices touched their all-time highs today, led by gains in IT, financial and energy stocks. IRFC, Voda Idea, PNB, RVNL, Zomato, Excel, Dish TV, EaseMyTrip, UCO Bank and Yes Bank were among the most active stocks on NSE in terms of volume.

Share Market News Today Updates, 24 November 2022: Trends on SGX Nifty indicated a higher opening for the domestic markets. Share Market News Today Updates, 24 November 2022: Trends on SGX Nifty indicated a higher opening for the domestic markets.

Share Market Updates Today: Indian equity benchmarks settled higher on Thursday, extending their gains for the third straight session on positive global cues. The domestic indices touched their all-time highs today, led by gains in IT, financial and energy stocks. IRFC, Voda Idea, PNB, RVNL, Zomato, Excel, Dish TV, EaseMyTrip, UCO Bank and Yes Bank were among the most active stocks on NSE in terms of volume. Investor sentiment got a boost after minutes of the US Federal Reserve's November policy meeting hinted at a possible moderation in the pace of interest rate hikes. Asian shares climbed today, tracking an overnight rise in Wall Street. Japan's Nikkei index surged 0.95 per cent, South Korea's KOSPI moved 0.96 per cent higher, Hong Kong's Hang Seng Index rose 0.78 per cent, while the Shanghai Composite index slipped 0.25 per cent. US stock futures rose, indicating a higher opening for Wall Street later today. S&P futures moved 0.35 per cent higher, Nasdaq futures surged 0.48 per cent and Dow Futures climbed 0.24 per cent. Back home, the domestic indices may also get support from falling oil prices after the Group of Seven (G7) nations considered a price cap on Russian oil above the current market level. Foreign institutional investors sold a net of Rs 790 crore worth of equities on Wednesday, while domestic investors bought Rs 414 crore worth of shares, per provisional NSE data.

 

Here are the share market highlights:

2:22 PM (1 week ago)

Avanta India to open new co-working centres in NCR

Posted by :- Aseem Thapliyal

Co-working firm Avanta India plans to expand its portfolio to tap a rising demand of flexible workspace and will open more facilities covering around 50,000 square feet area over the next six months. Avanta India, part of UK-based Avanta group, currently has five co-working centres, comprising of 1.5 lakh square feet area and 3,000 desks, in the national capital (Nehru Place, Connaught Place, KG Marg, Saket) and Gurugram. The company said that it was set to add 50,000 square feet of premium co-working space, which will take its portfolio to 2 lakh square feet.

5:12 PM (1 week ago)

Market wrap up - Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd

Posted by :- prashun talukdar

Technically, the index has maintained its cycle of higher highs – higher lows and decisively breached its previous swing high on the daily chart. Simultaneously, the strong bullish candle formation and the buoyant market participation on the expiry day construe an encouraging sign for the market. On the level front, the 18,200-18,300 level is expected to provide a cushion to any minor decline from the ongoing up move. At the same time, the index is well-versed to reclaim the lifetime high zone and enter uncharted territory in a comparable period.

5:10 PM (1 week ago)

Nifty tech view - Santosh Meena, Head of Research, Swastika Investmart Ltd

Posted by :- prashun talukdar

Technically, 16,611 and 16,888 are the next target levels for the Nifty, while 18,400 and 18,250 will act as immediate and strong support levels. There are no signs of weakness, and Nifty is respecting its immediate moving averages beautifully. Nifty IT is also showing signs of strength, and it may start to do well once it manages to take out the 30,500 mark decisively. Bank Nifty is continuing its outperformance, and it is likely to head towards the 44,000 mark; however, 43,333 is an immediate hurdle. On the downside, 42,600 has become an immediate support level.

4:01 PM (1 week ago)

Share market breadth

Posted by :- prashun talukdar

The overall market breadth stood positive as 1,934 shares advanced while 1,571 declined on BSE. The market capitalization (m-cap) of BSE-listed companies stood at Rs 283.69 lakh crore.

4:00 PM (1 week ago)

Nifty IT, Nifty Financial Services and Nifty Oil & Gas outperform

Posted by :- prashun talukdar

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty IT, Nifty Financial Services and Nifty Oil & Gas outperformed the NSE platform by rising as much as 2.63 per cent, 1.30 per cent and 1.10 per cent, respectively. In contrast, Nifty Consumer Durables edged 0.02 per cent lower.

3:58 PM (1 week ago)

Mid and small-cap stocks

Posted by :- prashun talukdar

Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 rose 0.44 per cent and small-cap moved 0.51 per cent higher.

3:52 PM (1 week ago)

View on Sensex hitting record high - V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Posted by :- prashun talukdar

Two triggers assisted Sensex's rally to record highs. One, in the mother market, US, the market construct turned favourable with rising equities, declining bond yields and falling dollar. Two, macro developments in India show steady rise in credit growth and capex indicating strong economic recovery. Along with this, sharp correction in crude is a big positive. This has facilitated this Sensex rally led by large-caps, mainly the HDFC twins, Infosys, TCS and RIL.

3:50 PM (1 week ago)

Market view - Vinod Nair, Head of Research at Geojit Financial Services

Posted by :- prashun talukdar

Led by broad-based buying, domestic indices witnessed solid gains as investors digested the latest FOMC meeting minutes, which hinted that the rate hike cycle may be slowing down. The optimism was further boosted by falling crude prices and the declining dollar index. Crude oil prices dropped over talks of a possible price cap on Russian oil and a rise in US product stockpiles.

3:48 PM (1 week ago)

Top gainers & losers on NSE

Posted by :- prashun talukdar

On the stock-specific front, Apollo Hospitals was the top Nifty gainer as the stock soared 4.56 per cent to close at Rs 4,815. HDFC Life, BPCL, Infosys and Tata Consumer Products were also among the gainers. In contrast, Cipla, Coal India, Bajaj Finserv, Kotak Mahindra Bank and Tata Motors were among the top losers.

3:41 PM (1 week ago)

Share market closing: Sensex, Nifty extend gains for third session

Posted by :- prashun talukdar

Sensex jumps 762 points or 1.24 per cent to hit a record closing of 62,273, Nifty moves 217 points or 1.19 per cent to settle at 18,484

3:28 PM (1 week ago)

Share market update: Sensex hits fresh all-time high

Posted by :- prashun talukdar

Sensex hits fresh all-time high of 62,412, Nifty tops 18,500; Apollo Hospitals, HDFC Life, BPCL, Infosys, Tata Consumer Durables among top gainers

2:43 PM (1 week ago)

Coffee Day Enterprises Ltd up 14%

Posted by :- prashun talukdar

Shares of Coffee Day Enterprises Ltd (CDEL) surged 14.39 per cent to trade at Rs 53.25. The stock hit a day high of Rs 53.50. A total of 10.79 lakh shares changed hands today, amounting to a turnover of Rs 5.41 crore. The company's market capitalisation (m-cap) stood at Rs 1,112.24 crore.

2:10 PM (1 week ago)

Share market update: Sensex jumps over 400 points, Nifty eyes 18,400

Posted by :- prashun talukdar

Sensex surges 420 points or 0.68 per cent to trade at 61,931, Nifty moves 122 points or 0.67 per cent higher to trade at 18,389; Apollo Hospitals, HDFC Life, Tata Consumer Products, PowerGrid among top gainers

1:30 PM (1 week ago)

Allcargo Logistics Ltd falls 2%

Posted by :- prashun talukdar

Shares of Allcargo Logistics Ltd slipped 2.47 per cent to trade at Rs 461.55. The stock hit a day low of Rs 461.55. A total of 80,000 shares changed hands today, amounting to a turnover of Rs 3.79 crore. The company's market capitalisation (m-cap) stood at Rs 11,340.08 crore.

1:15 PM (1 week ago)

Indian Overseas Bank down nearly 3%

Posted by :- prashun talukdar

Shares of Indian Overseas Bank (IOB) fell 2.81 per cent to trade at Rs 22.50. The stock hit a day low of Rs 22.20. A total of 14.97 lakh shares changed hands today, amounting to a turnover of Rs 3.45 crore. The company's market capitalisation (m-cap) stood at Rs 42,624.94 crore.

12:42 PM (1 week ago)

Hindustan Zinc slips 2%

Posted by :- prashun talukdar

Shares of Hindustan Zinc fell 2.16 per cent to trade at Rs 294.45. The stock hit a day low of Rs 292.65. A total of 38,000 shares changed hands today, amounting to a turnover of Rs 1.13 crore. The company's market capitalisation (m-cap) stood at Rs 1,24,435.64 crore.

12:03 PM (1 week ago)

Dish TV up nearly 8%

Posted by :- prashun talukdar

Shares of Dish TV surged 7.84 per cent to trade at Rs 19.25. The stock hit a day high of Rs 19.35. A total of 19.83 lakh shares changed hands today, amounting to a turnover of Rs 3.68 crore. The company's market capitalisation (m-cap) stood at Rs 3,553.62 crore.

11:52 AM (1 week ago)

Most active stocks on NSE

Posted by :- prashun talukdar

IRFC, PNB, RVNL, Voda Idea, Zomato, UCO Bank, EaseMyTrip, SJVN, Bank of Maharashtra and IRCON were among the most active stocks on NSE in terms of volume.

11:49 AM (1 week ago)

Share market update: Sensex jumps over 350 points, Nifty tops 18,350

Posted by :- prashun talukdar

Sensex rises 356 points or 0.58 per cent to trade at 61,866, Nifty moves 107 points or 0.59 per cent higher to trade at 18,374; Apollo Hospitals, HDFC Life, BPCL, PowerGrid, Tata Consumer Products among top gainers

11:20 AM (1 week ago)

Olectra Greentech Ltd zooms 10%

Posted by :- prashun talukdar

Shares of Olectra Greentech Ltd jumped 10 per cent to hit a day high of Rs 516 on BSE. A total of 2.77 lakh shares changed hands today, amounting to a turnover of Rs 14.19 crore. The company's market capitalisation (m-cap) stood at Rs 4,235.37 crore.