KEY HIGHLIGHTS
Economic Data Releases And Events For Nov 26 & 27
UK: CBI Realized Sales — 4:30 p.m.
US: HPI — 7:30 p.m.
US: The Confenrence Board Consumer Confidence — 8:30 p.m.
US: New Home Sales — 8:30 p.m.
UK: Bank of England Chief Economist Huw Pill will give testimony before Economic Affairs Committee — 8:30 p.m.
US: Federal Open Market Committee meeting minutes — 12:30 a.m.
Australia: CPI — 6:00 a.m.
New Zealand: Reserve Bank of New Zealand Policy Meet Outcome — 6:30 a.m.
New Zealand: RBNZ Press Conference — 7:30 a.m.
Germany: GfK Consumer Climate — 12:30 p.m.
US Futures Trade Flat
At 3:29 p.m., futures contract of Dow Jones, S&P 500, and Nasdaq 100 traded flat.
Nifty, Sensex Snap Two–Day Rally On Negative Global Cues; L&T, M&M Top Losers: Market Wrap
The NSE Nifty 50 and BSE Sensex failed to keep up the recovery in a choppy session on Tuesday. The benchmark reversed a two–session rally as Mahindra & Mahindra and Larsen & Toubro Ltd. share prices dragged.
The Nifty 50 ended 27.40 points or 0.11% down at 24,194.50, and the Sensex ended 105.79 points or 0.13% down at 80,004.06.
Earlier in the session, the Nifty 50 rose as much as 0.50% to 24,125.40. The Sensex rose 0.46% to 79,798.67.
Losses in Asia–Pacific share indices due to anticipated higher tariff on China also pressured the Indian benchmarks. President–elect Donald Trump said that US will impose additional 10% tariff on imported goods form China, Bloomberg reported.
European share indices were trading in red as market market participants mull implication of the tariff from the US.
The NSE Nifty IT index scaled a fresh high for second day in a row. It ended 0.96% higher to become the top performing sector.
"The Nifty50 has formed a Bearish Marubozu candlestick pattern which indicates a temporary pause in the positive momentum. It is too premature to say but if the Index corrects then that will be considered as a right shoulder of a potential Inverted Head and Shoulder formation. The immediate support and resistance will continue to be the same i.e. 23,950 (bullish gap) and 24,350," said Aditya Gaggar, director, Progressive Shares.
Larsen & Toubro Ltd., Mahindra & Mahindra Ltd., Sun Pharmaceutical Industries Ltd., UltraTech Cement Ltd., and Axis Bank Ltd. weighed on the benchmark Nifty 50 index.
Infosys Ltd., Reliance Industries Ltd., Tata Consultancy Services Ltd., ICICI Bank Ltd., and Shriram Finance Ltd. added to the Nifty 50 index.
On NSE, six sectors ended higher, five lower, and one ended flat out of 12. The NSE Nifty Auto declined the most, and the NSE Nifty IT rose the most.
Broader indices outperformed. BSE Midcap ended 0.1% higher and BSE Smallcap closed 0.6% up.
Twelve of the 21 sectoral indices on the BSE declined while nine closed lower. BSE Utilities fell the most.
Market breadth was skewed in the favour of buyers. Around 2,288 shares rose, 1,634 fell, and 109 remained unchanged on the BSE.
Rupee Weakens Against US Dollar
The rupee weakened by 6 paise to close at 84.34 against US Dollar. It closed at 84.28 on Monday, according to data on Bloomberg.
Market At Close
The NSE Nifty 50 and BSE Sensex snapped its two–session rally on Tuesday
Both the Nifty 50 and Sensex ended 0.12% lower.
The NSE Nifty IT index scaled a fresh high for second day in a row. It ended 0.96% higher to become the top performing sector.
The NSE Nifty Auto index ended 1.07% down to become the worst performing sector.
The NSE Nifty Midcap 150 ended 0.05% higher at 20,736.80.
The NSE Nifty Smallcap 250 ended 0.65% higher at 17,382.30.
Vodafone Idea Clarifies That It Yet To Receive Communication From DoT
Vodafone Idea Ltd. has clarified that it has not yet received any communication from the Department of Telecommunications regarding the bank guarantee. The company also addressed reports stating that the Union Cabinet has approved a waiver of bank guarantees for telecom operators, according to an exchange filing.
Stock Market Live: Angel One Obtains License To Conduct Mutual Fund Business
Angel One Ltd. has obtained a license from the Securities Exchange Board of India to commence its mutual fund business and will focus exclusively on passive investment solutions, according to an exchange filing.
NDTV Profit Exclusive: Waaree Energies To Commission US Solar Module Facility In Two Months
The first phase will see a capacity of 1.6 GW
Capacity will be increased to 3GW and later to 5GW
Company investing $80 million in first phase
Facility will complement exports from India
Alert: Waaree Energies got listed earlier this month
Source: people in the know
Akum Drugs In Exclusive Sales Agreement With Caregen
Akum Drugs & Pharmaceuticals Ltd. has entered into an exclusive master sales agreement with South Korea-based Caregen, granting it exclusive rights to sell certain Caregen product ranges in India for the duration of the pact, according to an exchange filing.
Stock Market Today: Waaree Energies Secures A Supply Order
Waaree Energies Ltd. has secured an order for the supply of solar PV modules with a total capacity of up to 600 MWp, as per an exchange filing.
European Market Update: Stocks Decline Post Trump's Tariff Announcement
Share indices in the Europe declined on Tuesday as market participants mull implication of the tariff from the US. President–elect Donald Trump said that he will impose additional 10% tariff on Chinese goods.
Astrazeneca Pharma Gets CDSCO Nod For Olaparib Tablets
Astrazeneca Pharma has received Central Drugs Standard Control Organisation nod for import for sale, distribution for additional indication of Olaparib tablets, an exchange filing said.
Stock Market Today: HCLTech Collaborates With Intel
HCLTech Ltd. launched Enterprise Data Security Service In Collaboration wiith Intel, said the company in an exchange filing.
Stock Market Today: NTPC Green To List On Nov 27
NTPC Green Energy Ltd. shares are scheduled to be listed on the NSE and BSE on Wednesday, Nov. 27. NTPC Green Energy is likely to have a muted debut on the stock exchanges, as indicated by the latest grey market premium.
The GMP for the NTPC Green Energy IPO stood at Rs 2 per share, as of 8:57 a.m. on Nov. 26, according to InvestorGain. This indicates that the company’s shares may list at Rs 110 per share, with a listing gain of 1.85%.
Stock Market Today: Acme Solar Share Price Falls As Q2 Net Profit Down 60%
Acme Solar Holdings share price fell after gaining for two consecutive sessions a day after the company reported its results for the September quarter in which the company reported a 60% year-on-year fall in its consolidated net profit.
Stock Market Live: L&T Finance In Agreement With Amazon India
L&T Finance Ltd. has entered into an agreement with Amazon India for providing credit solutions, according to an exchange filing.
Maruti Suzuki's FY25 Exports Guidance Stand At 3 lakh Vehicles
Maruti Suzuki India Ltd.'s exports guidance for financial year 2025 stands at 3 lakh. Exports is very strategic for us, said Rahul Bharti, executive director, Corporate Affairs.
India can target much bigger pie of exports. Our electrical vehicles will be made in Gujarat. First production version of EV was showcased in Milan, Bharti said in an interview to NDTV Profit.
Stock Market Today: Krystal Integrated Services Gets Order Worth Rs 106 Crore
Krystal Integrated Services Ltd. has received a work order worth Rs 106 crore from the Brihanmumbai Municipal Corporation, according to an exchange filing.
Nifty IT Hits Life High For Second Day As Infosys, Tech Mahindra Lead
The NSE Nifty IT rose 1.44% to a record high of 44,244.60 as Infosys Ltd. and Tech Mahindra Ltd. share prices led. It was trading 0.94% higher at 44,027.50 as of 11:20 a.m., as compared to 0.10% decline in the NSE Nifty 50 index.
Stock Market Live Updates: Hyundai Motor Gets Notice From Maharashtra State Tax Authority
Hyundai Motor India Ltd. has received a show cause notice for Rs 4.7 crore from the Maharashtra State Tax Authority, alleging that it claimed excess Input Tax Credit, the company said in an exchange filing.
Stock Market Today: TCS Expands Partnership With SPARSH
Tata Consultancy Services Ltd. has expanded its partnership with SPARSH, India's pension system for defence personnel, for an additional three years, the company said in an exchange filing.
Most Telecommunication Stocks Rise Following Waiver Of Bank Guarantee Obligations
Most tele–communication stocks advanced on Tuesday as the cabinet waived bank guarantee obligations for the tele operators. The move is expected to result in over Rs 30,000 crore relief in the industry.
Stock Market Today: Swiggy Jumps Over 6% As UBS Begins Coverage
Swiggy Ltd. share price rose 6.33% to Rs 457.95 apiece on Tuesday as the UBS Global Research initiated coverage with a ‘buy’ rating and a target price of Rs 515, citing significant growth potential in India’s online food delivery and quick commerce markets.
Stock Market Live: LT Foods Jumps Nearly 6%
LT Foods Ltd. share price jumped 5.74% to Rs 375.00 apiece, the highest level since Nov 12. The share price rose as the company will invest SAR 185 million over next 5 years in Saudi Arabia market.
LT Foods opened its office in Riyadh to start operating to serv Saudi Arabians, the company said in an exchange filing Monday.
IPO Update: Suraksha Diagnostic Sets Price Band For Rs 846-Crore IPO
Suraksha Diagnostic Ltd., backed by US-based OrbiMed, will launch its initial public offering on Nov. 29 at a price band of Rs 420-441 per share.
The IPO comprises only an offer-for-sale component, with no fresh issuance of shares. The company will offload a total of 1.91 crore shares through the OFS—the proceeds of which will be entirely received by the selling shareholders. The maiden issue will be worth Rs 846 crore at the upper end of the price band.
IndiGo Share Price Rises Following Codeshare Partnership Announcement With Japan Airlines
Share price of IndiGo operator InterGlobe Aviation Ltd. rose on Tuesday, after it announced a new codeshare partnership with Japan Airlines Co. The collaboration, which is set to begin on Dec. 16, 2024, is aimed at enhancing connectivity and fostering cultural and business exchanges between India and Japan.
Stock Market Live Updates: JPMorgan Bullish On Defense Sector; Cochin Shipyard, BEL Share Prices Rise
Major players in the country's defence sector including Cochin Shipyards Ltd., Bharat Electronics Ltd., and more are in the green in early trading hours on Tuesday.
This development arose amid JPMorgan's note highlighting the Indian defence sector as a promising avenue for long-term structural growth.
Stock Market Today: Vodafone Idea Share Price Jumps Over 18%
Vodafone Idea Ltd. share price jumped over 18% on as the government waived bank guarantee obligation for the spectrums acquired before 2022, which is expected to give relief to the company.
Nifty, Sensex Open Higher As Infosys, HDFC Bank Share Prices Lead: Opening Bell
The NSE Nifty 50 and BSE Sensex opened higher on Tuesday as Infosys Ltd. and HDFC Bank Ltd. share prices lead. As of 09:17 a.m., the Nifty 50 was trading 79.30 points or 0.33% higher at 24,301.20, and the Sensex was trading 280.48 points or 0.35% higher at 80,390.33.
"On the downside, the 24,000 level is expected to act as critical support. A break below this level could drag the index toward the 23,800–23,600 range. Conversely, 24,500 serves as a crucial resistance level, and a sustained break above this mark could lead the index to higher levels. In this volatile environment, traders are advised to adopt a buy-on-dips strategy as long as the index holds above the 23,800 mark, with a strict stop-loss at 23,600 on a closing basis to effectively manage risk," said Hardkik Matalia, a derivative analyst, Choice Broking.
Infosys Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., Reliance Industries Ltd., and Tata Consultancy Services Ltd. added to the Nifty 50 index.
NTPC Ltd., UltraTech Cement Ltd., Trent Ltd., Larsen & Toubro Ltd., and State Bank of India weighed on the Nifty 50 index.
On NSE, eight sectors were trading on a positive note, three declined and one remained flat out of 12. The NSE Nifty IT rose the most, and the NSE Nifty PSU Bank declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.50% and 0.66% higher, respectively.
On BSE, 18 sectors advanced and two declined out of 21. The BSE Utilities declined the most.
Market breadth was skewed in favour of buyers. Around 2,089 stocks advanced, 695 stocks declined, and 97 stocks remained unchanged on BSE.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.84%. It closed at 6.85% on Monday, according to data on Bloomberg.
The yield on the 10–year bond opened flat.
The yield on the 10–year bond opened flat.
Stock Market Today: Nifty, Sensex At Pre–Open
At pre–open, the NSE Nifty 50 was 121.40 points or 0.50% higher at 24,343.30, and the BSE Sensex was 0.38% higher at 80,415.47.
Rupee Opens Flat Against US Dollar
Rupee opened flat at 84.27 against the US dollar. It closed at 84.28 on Monday, according to data on Bloomberg.
Oil Prices Recover On Supply–Side Worries
Crude oil future prices recovered on Tuesday as investors turned wary that the Organization of Petroleum Exporting Countries and its allies may decide to keep output cuts in place till Jan.
Reuters reported that Azerbaijan's Energy Minister Parviz Shahbazov said that the OPEC is likely to mull to keep their output cuts in place.
Brent crude was trading 0.19% higher at $73.15 a barrel as of 08:27 a.m. The price settled 2.87% lower at $73.01 a barrel on Monday on news that a ceasefire between Israel and Hezbollah may happen soon.
US Money Market Update: Dollar Index, Treasury Yields Gain
The dollar index and US Treasury yields rose in early trade on Tuesday after US President–elect Donald Trump said that the country will impose 10% tariff on Chinese goods and 25% levies on import from Mexico and Canada.
The dollar index, which measures the strength of the greenback against six major currencies, was trading 0.43% higher at 107.27 as of 08:22 a.m.
The benchmark yield on the US 10–year treasury note was trading 0.18% higher at 4.28% as of 08:23 a.m.
On Monday, the dollar index and US Treasury yields declined as traders became hopeful Trump's choice, Scott Bessent will give importance to market and economic stability.
Stock Market Live: Gold Prices Rise In Asia Trade
Gold future and spot prices regained some of the losses in Asia session on Tuesday. The December future contract of Gold was trading 0.43% higher at $2,629.80. The spot gold was 0.13% higher at $2,628.47 an ounce as of 08:05 a.m.
On Monday, gold prices declined over 3% after news reports said that the Israel is nearing a ceasefire with Hezbollah. Gold snapped a five session rally on Monday.
Also Read: Gold Prices Dip After Rebound
Stock Market Today: Zen Technologies Grant Of Indian Patent
Zen Technologies Ltd. announced grant of Indian patent for 'T90 Containerized Crew Gunnery Simulator', the company said in an exchange filing.
Stock Market Update: Citi Research On L&T Finance
Citi Research Rate L&T Finance a 'Buy'
Rate buy with price target of Rs 221, which implied a 56% upside
Digital Transformation to Be Future Ready
Disbursements moderated to Rs 1,500 crore in Oct.
Rural distress in a few pockets, otherwise green shoots are visible
Picked up execution in last 18 months, retail portfolio grew by 38%
Asia Market Update: Stocks Decline On Concerns Over US Tariffs
Share indices in Asia–Pacific declined on Tuesday as investors in the region remained concern over the tariff by the US on China. President–elect Donald Trump said that the US will impose additional 10% tariff on Chinese goods and put 25% levies on imports from Mexico and Canada, Bloomberg reported.
The Nikkei 225 and KOSPI were trading 1.93% and 0.68% lower, respectively. The S&P ASX 200 was trading 0.39% down as of 07:05 a.m.
US Market Update: S&P 5O0 Hits Record High
US stocks closed higher with the S&P 500 hitting fresh high as traders bet Donald Trump's pick for Treasury Secretary will prioritise market stability. Trump picked Scott Bessent, a hedge–fund manager for the role, Bloomberg reported.
The Dow Jones Industrial Average and S&P 500 ended 0.99% and 0.30% higher, respectively. The Nasdaq Composite ended 0.27% higher on Monday.
GIFT Nifty Near 24,200; HUL, IndiGo, Zomato, SpiceJet Share Prices In Focus
The GIFT Nifty was trading near 24,200 in early trade on Tuesday. InterGlobe Aviation Ltd. Hindustan Unilever Ltd., and SpiceJet Ltd. share prices are likely to react.
The GIFT Nifty was trading 0.53% or 128.50 points lower at 24,225.00 as of 6:40 a.m.
Indian equity indices, including the Nifty 50 and BSE Sensex, gained nearly 4% over two sessions, recouping recent losses. Both the benchmarks recorded their highest closing since Nov. 6.
The Nifty closed 1.32% higher at 24,221.90, while the Sensex rose 1.25% to 80,109.85.
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