Share Market Highlights: Nifty settled above 20,100, Sensex over 66,900; Healthcare index gains more than 2%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 jumped 36.55 points or 0.18% to settle at 21,133.15, while the BSE Sensex jumped 86.53 points or 0.13% to 66,988.44. The broader indices ended in positive territory, with gains led by Smallcap and Largecap stocks. Bank Nifty index falls 84.70 points or 0.19% to settle at 44,481.75. Healthcare and Pharma stocks outperformed among the other sectoral indices while Banking , Metal and IT stocks shed. Ultra Tech Cement, HDFC Life Insurance, Eicher Motors, Bharti Airtel, and Sun Pharma were the top gainers on the NSE Nifty 50, while the laggards Adani Enterprises, IndusInd Bank, Adani Ports & SEZ, LTI Mindtree, and Reliance Industries. The Indian Volatility Index (India VIX) closed down by 0.13 %.

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15:40 (IST) 30 Nov 2023 Markets at close

The NSE Nifty 50 jumped 0.18% to settle at 21,133.15, while the BSE Sensex jumped 0.13% to 66,988.44.

15:05 (IST) 30 Nov 2023 USD-INR Outlook

“USDINR CMP- 83.39 (spot) Indian Rupee depreciated by 7 paise on Thursday on weak domestic markets and a strong US Dollar. Surge in crude oil prices also weighed on Rupee. However, FII inflows over the past few sessions cushioned the downside. US Dollar gained on better than expected US GDP data and weak Euro. Unfavorable PMI data from China also supported the greenback. US economy expanded by 5.2% in Q3 2023 v/s 4.9% in initial estimates and forecast of 5%. However, dovish fedspeak capped sharp gains. We expect Rupee to trade with a slight negative bias on month-end Dollar demand from importers and volatility in crude oil prices ahead of the OPEC meeting. However, fresh foreign inflows may support Dollar at lower levels. Traders may take cues from India’s GDP and fiscal deficit data. Traders may also take cues from core PCE price index, weekly unemployment claims, personal income and pending home sales data from US. USDINR spot price is expected to trade in a range of Rs 83.10 to Rs 83.70,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.

14:49 (IST) 30 Nov 2023 Peninsula Land surges 5%

The stock of Peninsula Land gained more than 5% following the news that its board approved a Rs 66 crore preferential issue and a Rs 34 crore debenture issue of shares to Delta Corp.

14:22 (IST) 30 Nov 2023 Dixon Technologies shares zoom

The stock price of Dixon Technologies soared 2.69% to Rs 5,543.90 following the news that ICRA has reaffirmed its ratings and revised the outlook of the company’s long-term rating to positive from stable.

14:11 (IST) 30 Nov 2023 Markets so far

(Source: NSE)

13:31 (IST) 30 Nov 2023 Gandhar Oil shares continue to shine

Shares of Gandhar Oil Refinery have been trending northward after their debut on the bourses today. Gandhar Oil shares are currently trading at Rs 307.65, up nearly 3.24% on the NSE.

12:58 (IST) 30 Nov 2023 Who are leading the gains

SBI Life Insurance Company, Hero MotoCorp, Mahindra & Mahindra, UltraTech Cement and Eicher Motors are leading the gains on the NSE Nifty 50.

12:57 (IST) 30 Nov 2023 Analyst on Gandhar Oil

“As expected, a solid listing gains above our expectation for a leading manufacturer of white oils, Gandhar Oil mainly on the back of reasonable IPO valuation when compared to its peers which were trading high. Post listing, we believe the valuation gap has narrowed to Gandhar peers and hence expecting limited upside from the current levels, hence we had recommended allotted investors to book listing day profits which is over and above our expectations,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

12:37 (IST) 30 Nov 2023 Tata Tech shares continue to soar

Shares of Tata Technologies have been trending northward after their debut on the bourses today. Tata Tech shares are currently trading at Rs 1338.40, up nearly 12% on the NSE.

12:01 (IST) 30 Nov 2023 Mid-day Gainers

Eicher Motors, Hero MotoCorp, SBI Life Insurance, Ultra Tech Cement, and Mahindra & Mahindra are the top gainers on NSE Nifty 50 index.

11:27 (IST) 30 Nov 2023 Market sentiment remains optimistic

“The market is starting the day with a subdued yet cautious tone following yesterday’s impressive trading session. As we approach today’s expiry, there’s an anticipation that the Nifty’s positive momentum will persist, propelling it towards the 20,250 levels. Notably, the 20,000 Put strike on the downside holds substantial Open Interest (OI), expected to serve as a limiting factor against potential declines. In Bank Nifty, a narrow trading range was sustained, with 43,500 serving as a pivotal level. Additionally, for the monthly settlement, there is noteworthy option writing observed at both the Put 43,500 and Call 44,000 strikes. Overall market sentiments remain optimistic, driven by a consistent trend of Foreign Institutional Investors (FIIs) turning buyers for five consecutive days, coupled with aggressive buying from Domestic Institutional Investors (DIIs),” said Shrey Jain, Founder and CEO SAS Online.

11:08 (IST) 30 Nov 2023 Gandhar Oil Refinery lists over 76%

Gandhar Oil Refinery shares listed at 76.33 % premium over IPO price on bourses. The share debuted at Rs 298 on the NSE and Rs 295.40 on the BSE, surpassing the issue price of Rs 169. The investors have made a profit of Rs 129 per share as the scrip gave more than 76% return to investors on the listing.

10:52 (IST) 30 Nov 2023 Markets so far

(Source: NSE)

10:14 (IST) 30 Nov 2023 Tata Tech doubles investors’ wealth

Tata Technologies made a strong market debut on November 30, opening at a 140% premium to the IPO price. The stock initiated trading at Rs 1,200 on the NSE and Rs 1,199.95 on the BSE.

09:59 (IST) 30 Nov 2023 Derivative outlook

“Nifty weekly contract has highest open interest at 20200 for Calls and 20000 for Puts while monthly contracts have highest open interest at 20200 for Calls and 20000 for Puts. Highest new OI addition was seen at 20250 for Calls and 20000 for Puts in weekly and at 20250 for Calls and 20000 for Puts in monthly contracts. FIIs increased their future index long position holdings by 32.81%, increased future index shorts by 3.44% and in index options by 25.49% in Call longs, 28.29% in Call short, 26.87% in Put longs and 47.21% in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services.

09:57 (IST) 30 Nov 2023 Who are losing

Adani Enterprises, Tata Steel, NTPC, IndusInd Bank, and Asian Paints were the top losers on the NSE during the early trade on Thursday.

09:35 (IST) 30 Nov 2023 UltraTech Cement shares shine

Stock price of UltraTech Cement advanced 2.23% to Rs Rs 8,928.2 during the early trade on Thursday. The surge came following the news that the Company has acquired a 0.54 mtpa cement grinding assets of Burnpur Cement, located at Patratu in Jharkhand at a consideration of Rs 169.79 crores.

09:25 (IST) 30 Nov 2023 Early Gainers

Hero MotoCorp, UltraTech Cement, BPCL, Dr Reddy’s Labs and Eicher Motors are leading the gains on NSE Nifty during the early trade on Thursday.

09:20 (IST) 30 Nov 2023 Markets at open

The NSE Nifty 50 opened at 20,108.50 up 0.05%, while the BSE Sensex opened at 66,963.20 up 61.29 points.

08:56 (IST) 30 Nov 2023 USD-INR

“The USDINR 27 December futures contract traded in a tight range. As per the daily technical chart, the pair is trading above its moving average trend-line support level of 83.30 and RSI is fetching above 50 levels. Looking at the technical set-up, MACD is showing a positive divergence but the pair is facing steep resistance at higher levels. As per the daily technical chart the pair is having support at 83.30-83.15 while resistance is placed at 83.50-83.66. If the pair sustains below 83.30 it could test 83.15-83.05 levels again,” said Rahul Kalantri, VP Commodities, Mehta Equities.

08:46 (IST) 30 Nov 2023 Market outlook

“A positive opening is likely on the cards on the back of gains in the Gift Nifty index, but overnight weakness in US markets and subsequent fall in Asian indices could limit the gains. As traders square off their positions on the monthly expiry day today, intra-day volatility could be seen. Investors will also keep an eye on Fed Chief Powell’s speech on Friday for clues on what the central bank is thinking on the interest rate front. All anxious eyes will be on the much-awaited exit poll predictions for five states namely Mizoram, Madhya Pradesh, Chhattisgarh, Rajasthan and Telangana to trickle in later in the evening. Technically, if Nifty faces selling pressure then it could find support at 20,000, while hurdles seen only at all-time high at 20,223 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.

08:26 (IST) 30 Nov 2023 FII, DII Data

Foreign institutional investors (FII) purchased shares worth net Rs 71.91 crore, while domestic institutional investors (DII) added shares worth net Rs 2,360.81 crore on November 29, 2023, according to the provisional data available on the NSE.

08:22 (IST) 30 Nov 2023 US Dollar

The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up 0.04% at 102.81.

08:21 (IST) 30 Nov 2023 Crude Oil

WTI crude prices are trading at $77.48 down 0.37%, while Brent crude prices are trading at $82.81 down 0.35%, on Thursday morning. 

08:19 (IST) 30 Nov 2023 Wall Street

US stocks edged lower on Wednesday as a robust upward GDP revision eased recession fears, while Federal Reserve officials’ remarks raised questions about the duration of the central bank’s restrictive policy, reported Reuters. The tech-heavy Nasdaq Composite fell 23.27 points or 0.16% to 14,258.49. The S&P 500 slipped 4.31 points or 0.09% at 4,550.58, while the Dow Jones Industrial Average added 13.44 points or 0.04% to 35,430.42.