Stock Market Today: Sensex, Nifty End At A Four-Week High; FPIs Continue As Net Buyers

• Motilal Oswal Financial Services pares losses 3.89%, trades 0.93% higher

• Bajaj Finserv pares losses of 3.02% , trades 2.01% higher

• Sona BLW Precision Forgings pares gains of 2.66% , trades at 2.08% lower

• BSE off the day's low, trades 1.2% higher

• 20.3 lakh shares changed hands in a large trade

• 0.03% equity changed hands at Rs 940.95 apiece

• Buyers and sellers not known immediately

Source: Bloomberg

• 10.6 lakh shares changed hands in a large trade

• 0.02% equity changed hands at Rs 2,368 apiece

• Buyers and sellers not known immediately

Source: Bloomberg

• Divestment of arm PTC Energy to ONGC at enterprise value of Rs 2,021 crore.

• To soon achieve a debt-free status after divestment of arm PTC Energy to ONGC.

Source: PTI

• Nifty IT up 2% led by Coforge, TCS, Mphasis

• Index gains Rs 67,000 crore in market capitalisation in a day

• Index up 8.81% year-to-date

The broader markets were trading higher; the S&P BSE MidCap Index was up 0.36%, whereas S&P BSE SmallCap Index was 0.60% higher.

Nineteen out of 20 sectors compiled by BSE advanced, while S&P BSE Metal declined. S&P BSE Information Technology rose the most.

The market breadth was skewed in the favour of the buyers. About 2,143 stocks rose, 1,422 declined, while 163 remained unchanged on the BSE.

• Present shareholding of Bank of Baroda in Nainital Bank Ltd. is 98.57%

• Last date for submission of proposal is Dec. 6, 2023.

• The proposal of the investments, equity shares and other assets of NBL will be reviewed and scored by a committee.

• Alert: Bank of Baroda had approved divestment of its majority stake in Nainital Bank in December 2022.

Source: Bank of Baroda website

• Nifty Oil & Gas gains over 0.9% led by NTPC and IOCL

• NTPC gains over 2% hitting Life time high of 253.85

• TCS gains over 2%

• Nifty IT gains over 1% led by TCS, HCL, Infosys.

• Nifty Metal amongst the top loosers dragged down by Vedanta, Hindalco.

• 10 lakh shares changed hands in a large trade

• 0.03% equity changed hands at Rs 1039.50 apiece

• Buyers and sellers not known immediately

Source: Bloomberg

• 35.4 lakh shares changed hands in a large trade

• 0.24% equity changed hands at Rs 197.85 apiece

• Buyers and sellers not known immediately

Source: Bloomberg

• Gets redevelopment rights for two societies in Mumbai.

• Redevelopment rights have potential Gross Development Value of RS 1,500 crore.

Source: Bloomberg

• 20.2 lakh shares changed hands in a large trade

• 0.03% equity changed hands at Rs 940.15 apiece

• Buyers and sellers not known immediately

Source: Bloomberg

• Sensex rises over 65,800 level, the highest level since Oct. 19.

• Nifty 50 above 19,700 mark, the highest level since Oct. 18.

• Welspun Corp up 5.3%, hits fresh record high at Rs 549

• Solar Industries India up 3.55%, hits fresh record high at Rs 6815

• Multi Commodity Exchange Of India up 3.27%, hits fresh record high at Rs 3030

• Hindustan Aeronautics up 2.58%, hits fresh record high at Rs 2155

• NTPC up 1.74%, hits fresh record high at Rs 252.55

• PCBL up 1.33%, hits fresh record high at Rs 219.4

• Varun Beverages up 1.53%, hits fresh record high at Rs 1033.15

• Kfin Technologies up 1.1%, hits fresh record high at Rs 538.5

• Tata Motors DVR up 1.21%, hits fresh record high at Rs 461.9

• Prestige Estates Projects up 0.84%, hits fresh record high at Rs 890.95

• Tata Motors up 0.44%, hits fresh record high at Rs 678.7

• Bikaji Foods International up 0.23%, hits fresh record high at Rs 559.8

• Tata Consumer Products up 0.11%, hits fresh record high at Rs 933

• Eclerx Services up 1.72%, hits fresh record high at Rs 2473.45

• Manappuram Finance up 6.21%, hits 52-week high at Rs 160.95

• Suzlon Energy up 3.7%, hits 52-week high at Rs 42

• Hindustan Petroleum Corporation up 2.66%, hits 52-week high at Rs 326.8

• Vodafone Idea up 2.85%, hits 52-week high at Rs 14.65

• Glaxosmithkline Pharmaceuticals up 2.15%, hits 52-week high at Rs 1644.9

• NLC India up 1.76%, hits 52-week high at Rs 166.85

• Quess Corp up 1.97%, hits 52-week high at Rs 515

• Bharat Petroleum Corporation up 1.54%, hits 52-week high at Rs 400

• RBL Bank up 1.03%, hits 52-week high at Rs 257.75

• ONGC up 0.98%, hits over five-year high at Rs 203.4

• Gujarat Narmada Valley Fertilizers & Chemicals up 0.95%, hits 52-week high at Rs 720.5

• Sobha up 0.55%, hits 52-week high at Rs 869.5

• Network18 Media & Investments up 0.18%, hits 52-week high at Rs 85.3

• Eicher Motors up 0.64%, hits 52-week high at Rs 3873

The broader markets outperformed; the S&P BSE MidCap Index was up 0.12%, whereas S&P BSE SmallCap Index was 0.35% lower.

Twelve out of 20 sectors compiled by BSE declined, while eight advanced. S&P BSE Oil & Gas rose the most.

The market breadth was skewed in the favour of the buyers. About 1,667 stocks rose, 799 declined, while 107 remained unchanged on the BSE.

• Bajaj Finance shares down 3.87% at Rs 6,944.55 apiece in pre-market trade, the lowest level since Aug. 21, 2023.

Source: Bloomberg

• At pre-open, the S&P BSE Sensex was down 46 points, or 0.07%, at 65,629.50 while the NSE Nifty 50 was 0.75 point lower at 19,674.70.

Source: Bloomberg

• The yield on the 10-year bond opened flat at 7.23% on Thursday. It closed at 7.22% on Wednesday.

Source: Bloomberg

• The local currency weakened 4 paise to open at 83.19 against the U.S dollar on Thursday.

• Rupee closed at 83.15, highest in nearly four weeks on Wednesday.

Source: Bloomberg

• Promoter Tata Sons intends to tender 2.96 crore shares in the buyback

Source: Exchange Filing

• Gets allowance from Singapore High Court for winding up of RHT Health Trust

• Alert: RHT Health Trust is an associate of the company based out of Singapore

Source: Exchange Filing

RBI Bars Some Of Bajaj Finance’s Digital Lending Products

RBI Bars Some Of Bajaj Finance’s Digital Lending Products

TCS Sets Nov. 25 As Record Date For Rs 17,000 Crore Buyback