The domestic equity markets closed with significant gains today, marking the second consecutive session of robust performance.
1. Key Indices Surge to New Highs
The S&P BSE Sensex rallied 992.74 points (1.25%) to close at 80,109.85, while the Nifty 50 advanced by 314.65 points (1.32%), settling at 24,221.90.
The broader markets also shined as the S&P BSE Mid-Cap index climbed 1.61% and the S&P BSE Small-Cap index surged 1.86%. This widespread market rally underscored strong investor sentiment across segments.
Top Gainers and Losers in Today’s Market
The Indian stock market witnessed a mixed performance today, with gains and losses across various indices and sectors. Below is a breakdown of the top-performing and underperforming stocks:
Sensex Top Performers
- Top Gainers:
- Larsen & Toubro (up 4.13%)
- State Bank of India (up 3.52%)
- HDFC Bank (up 2.21%)
- Wipro (up 1.99%)
- ICICI Bank (up 1.82%)
- Top Losers:
- Tech Mahindra (down 0.79%)
- Asian Paints (down 0.74%)
- Infosys (down 0.73%)
- Maruti Suzuki India (down 0.49%)
- HCL Technologies (down 0.37%)
Nifty 50 Movers
- Top Gainers:
- Oil & Natural Gas Corporation (up 5.01%)
- Larsen & Toubro (up 4.15%)
- Bharat Electronics (up 4.09%)
- Bharat Petroleum Corporation (up 3.74%)
- State Bank of India (up 3.48%)
- Top Losers:
- JSW Steel (down 2.46%)
- Tech Mahindra (down 0.85%)
- Infosys (down 0.66%)
- Bajaj Auto (down 0.64%)
- Asian Paints (down 0.51%)
Nifty MidCap 50 Highlights
- Top Gainers: Cummins India, Ashok Leyland, Vodafone Idea, Hindustan Petroleum Corporation, PB Fintech.
- Top Losers: Max Healthcare Institute, Alkem Laboratories, Suzlon Energy, Voltas, Yes Bank.
Nifty SmallCap 100 Highlights
- Top Gainers: Central Bank of India, Titagarh Rail Systems, IRB Infrastructure Developers, Olectra Greentech, NBCC India.
- Top Losers: Castrol India, National Aluminium Company, Redington India, R R Kabel, Equitas Small Finance Bank.
BSE Top Stocks
- Top Gainers:
- Central Bank of India (up 8.71%)
- Emami (up 8.47%)
- Sumitomo Chemical India (up 7.86%)
- IRB Infrastructure Developers (up 7.57%)
- Siemens (up 7.24%)
- Top Losers:
- Adani Green Energy (down 8.05%)
- DCM Shriram (down 5.56%)
- Symphony (down 3.79%)
- Adani Energy Solutions (down 3.78%)
- Adani Power (down 3.02%)
NSE Top Stocks
- Top Gainers:
- Railtel Corporation of India (up 8.79%)
- Central Bank of India (up 8.39%)
- Sumitomo Chemical India (up 8.18%)
- Titagarh Rail Systems (up 7.71%)
- Jupiter Wagons (up 7.64%)
- Top Losers:
- Adani Green Energy (down 7.89%)
- Vijaya Diagnostic Centre (down 5.30%)
- CRISIL (down 3.67%)
- Adani Energy Solutions (down 3.66%)
- Adani Power (down 3.00%)
2. Sectoral Winners
All sectoral indices on the NSE closed in the green. PSU banks spearheaded the rally with the Nifty PSU Bank index soaring 4.16% to 6,779.10.
Among the top performers were Central Bank of India (up 9.44%) and Indian Bank (up 6.19%). Realty and oil & gas sectors also recorded significant gains, showcasing broad-based buying momentum.
3. Improved Market Breadth and Reduced Volatility
Market breadth remained robust, with 2,693 stocks advancing against 1,359 declines on the BSE.
Meanwhile, the NSE’s India VIX, which measures near-term volatility, dropped 4.93% to 15.30, signaling reduced market uncertainty and a favorable environment for investors.
4. Economic Indicators Shape Sentiment
Investors digested key economic updates, including a significant decline in India’s foreign exchange reserves.
The reserves fell by $17.761 billion to $657.892 billion for the week ending November 15. Despite this, optimism remained as the Reserve Bank of India (RBI) granted Central Bank of India approval to enter the insurance business through a joint venture.
5. IPO Buzz and Stock-Specific Moves
The IPO of Enviro Infra Engineers received overwhelming response, being subscribed 10.23 times as of today. Stock-specific action also kept the market buzzing.
Notable performers included Markolines Pavement Technologies, which soared 12.60% after bagging a Rs 72.78 crore order, and Escorts Kubota, which gained 2.81% on its subsidiary’s entry into financial services.
Additional Global Market Insights
The U.S. Dow Jones futures indicated a strong opening, supported by President-elect Donald Trump’s treasury secretary nomination.
European markets followed suit, driven by M&A activity and optimistic global sentiment. However, Asian markets remained mixed amid anticipation of economic data releases later this week.
This multi-faceted rally underscores the resilience of the Indian equity markets amid global and domestic developments, highlighting key opportunities across sectors and stocks.
Disclaimer – The information provided in this article is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any securities. Stock market investments are subject to market risks, and past performance does not guarantee future results. Readers are advised to consult with a qualified financial advisor before making investment decisions. Market data and analysis included in this article are sourced from publicly available information and are believed to be reliable, but accuracy and completeness are not guaranteed. Neither the publisher nor the author is responsible for any losses incurred based on the information provided.
