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Stock Market Today: Nifty Closes At All-Time High Level As ITC, L&T, ICICI Bank, Axis Bank Gain

Stock Market Today: Nifty Closes At All-Time High Level As ITC, L&T, ICICI Bank, Axis Bank Gain
NSE Building In Mumbai. (Photo: Reuters)
2 years ago
The NSE Nifty 50 index surged to life-time high shortly after opening as Larsen & Toubro Ltd., Reliance Industries Ltd., ITC gained, and as better-than-expected GDP growth improved investors' sentiment. India's GDP grew at 7.6% on year in Jul-Sep quarter, beating Bloomberg's forecast of 6.8% growth for the quarter as construction sector grew.The At 09:21, the S&P BSE Sensex Index was up 289.16 points, or 0.43%, at 67,279.29 while the NSE Nifty 50 was 90.70 points or 0.45% higher at 20,218.10

  • JSW Energy's board of directors approved appointment of Sharad Mahendra as MD, CEO, and key managerial person of the company with effect from today.

  • Prashant Jain, present CEO, will continue to serve in his current position till Jan 1, 2024 to ensure smooth transition.

  • Source: Exchange Filing

India's benchmark stock indices extended gains through midday on Friday led by advances in ITC Ltd., Larsen & Toubro Ltd. and ICICI Bank Ltd.

As of 12.27 p.m. the S&P BSE Sensex rose 510 points or 0.76% to 67,500.19, while the NSE Nifty 50 gained 141 points or 0.7% to 20,274.05.

So far during the day, Nifty hit an all-time high of 20,285.15, while the Sensex rose to 67,557.14.

Flair Writing Locked In Lower Circuit After Debut At 65% Premium

  • Transindia Real Estate Ltd. appointed Mahesh Shetty as CFO effective from today.

  • Source: Exchange Filing

Seamec Ltd in pact to buy sea vessel 'Sea Pearl' for $7 million.

Source: Exchange Filing

  • 12.7 lakh shares changed hands in a large trade

  • 0.01% equity changed hands at Rs 57.2 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

Zydus Lifesciences Ltd received U.S. FDA final approval for Ivabradine tablets

Source: Exchange Filing

Raymond Independent Directors Hire Berjis Desai As Legal Counsel Amid Singhania Row

10 lakh shares changed hands in a large trade

0.2% equity changed hands at Rs 201.15 apiece

Buyers and sellers not known immediately

Source: Bloomberg

Tata Consumer appointed Ashish Goenka as CFO with effect from Dec 18

Source: Exchange Filing

The scrip rose as much as 9.74% to Rs 382.75 apiece, the highest level since its listing on the exchanges on Mar, 11, 2008. It was trading 8.83% higher at Rs 379.50 apiece, as of 11:00 a.m. This compares to a 0.67% advance in the NSE Nifty 50 Index.

It has risen 224.89% on a year-to-date basis. Total traded volume so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 80.96, which implied the stock is overbought.

Out of 6 analysts tracking the company, 5 maintain a 'buy' rating, 1 recommends a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 6.0%.

  • Thomas Cook (India) Ltd at 23.51x of its 30 day average after promoter exercises greenshoe option in OFS

  • Delta Corp Ltd at 6.08x of its 30 day average on Peninsula Group investment

  • Rossari Biotech Ltd at 5.86x of its 30 day average

  • Datamatics Global Services Ltd at 5.84x of its 30 day average

  • Tv18 Broadcast Ltd at 4.76x of its 30 day average

Shares of the company rose as much as 9.5% before paring gains to trade 8.6% higher at 10:56 a.m. This compares to a 0.6% advance in the NSE Nifty 50.

The stock has risen 221.29% on a year-to-date basis. Total traded volume so far in the day stood at 3.1 times its 30-day average. The relative strength index was at 85.91, hinting that the stock may be overweight.

All seven analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies a downside of 12%.

  • 0.01% equity changed hands at Rs 2389.5 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 10.2 lakh shares changed hands in a large trade

  • 0.01% equity changed hands at Rs 56.30 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • Bharti Telecom acquires 1.35% stake in Bharti Airtel from ICI for Rs 8,302 crore in a pre-market large trade

  • Alert: ICI stands for Indian Continent Investment

  • Source: Bloomberg

  • Lists at Rs 501 per share on NSE vs issue price of Rs 304 per share

  • Lists at a premium of 64.8% on NSE

  • Lists at Rs 503 per share on BSE vs issue price of Rs 304 per share

  • Lists at a premium of 65.46% on BSE

  • Source: Exchanges

The scrip rose as much as 2.79% to Rs 3,195.80 apiece, the highest level since its listing on the exchanges on Jul 7, 1997. It was trading 2.35% higher at Rs 3,182.20 apiece, as of 09:52 a.m. This compares to a 0.53% advance in the NSE Nifty 50 Index.

It has risen 53.03% on a year-to-date basis. Total traded volume so far in the day stood at 3.2 times its 30-day average. The relative strength index was at 71.51, which implied shares of Larsen & Toubro Ltd. is overbought.

Out of 37 analysts tracking the company, 33 maintain a 'buy' rating, 1 recommends a 'hold,' and 2 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 4.0%.

  • Bajaj Auto's total sales grew 31% to 4,03,003 in November

  • Two-wheelers sales grew 33% to 3,49, 048 in November

  • Source: Exchange filing

The broader markets outperformed the S&P BSE MidCap Index was up 0.68%, whereas S&P BSE SmallCap Index was 0.78% higher. Seventeen out of 20 sectors compiled by BSE advanced, while three sectors declined. S&P BSE Realty and S&P Capital Goods rose the most.

The market breadth was skewed in the favour of buyers. About 2,173 stocks rose, 611 declined, and 98 remained unchanged on the BSE.

  • 23.5 lakh shares or 0.5% equity changed hands in a pre-market large trade

  • Buyers and sellers not known immediately

  • Source: Bloomberg

At pre-open, the S&P BSE Sensex Index was up 192.71 points, or 0.29%, at 67,181.15 while the NSE Nifty 50 was 60.95 points or 0.30% higher at 20, 194.10

The yield on the 10-year bond opened flat at 7.29% on Friday.

Source: Bloomberg

  • The local currency strengthened 12 paise to open at 83.27 against the U.S dollar on Friday.

  • Rupee closed at all time weakest level of 83.39 against the U.S. dollar on Thursday.

  • Source: Bloomberg

  • 8.12 crore shares of Bharti Airtel or 1.44% equity changed hands in a pre-market large trade

  • Buyers and sellers not known immediately

  • Source: Bloomberg

Asia Stocks Down After Wall Street’s Bumper Month: Markets Wrap

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Flair Writing Industries: The offer was subscribed 46.68 times on its final day. The bids were led by institutional investors (115.60 times), non-institutional investors (33.37 times) and (retail investors: 13.01 times). The IPO price is Rs 304 per share.

India Approves Defence Acquisition Projects Worth Rs 2.23 Lakh Crore

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.

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