Stock Market Highlights | Sensex, Nifty 50 end over 1% higher led by HDFC Bank, Axis Bank

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Market Builds Onto Tuesday’s Gains, Nifty Reclaims 20,100 Intra-day
Nifty Bank Rises For The 4th Straight Session, Axis Bank, HDFC Bank Top Contributors
Nifty Auto, Realty, Energy Hit Record Highs Intra-day, Nifty Auto Rises The Most
Nifty Midcap Rally Continues, Hits Record High, Ends Higher For 19th Straight Session
Sensex Rises 728 Points To 66,902 & Nifty 207 Points To 20,097
Nifty Bank 685 Gains Pts To 44,566 & Midcap Index 341 Points To 42,619
Aster DM Surges More Than 18% On Co’s Move To Sell Gulf Biz
Manappuram, Muthoot Rise Up To 7%, India Gold Prices Hit An All-time High
Tata Motors Hits Record High, Share Price Crosses `700 For The First Time
Zomato Rises Nearly 3% After 29.7 Cr Shares Change Hands In Block
Raymond Declines For The 11th Straight Day, Down More Than 2%
BHEL Up Nearly 6%, At An Eight-year High, Signs Contract With Defence Min
Newly Listed IREDA Ends >87% Higher, Second Most Successful Listing In 2023
BPCL Up More Than 1% After Board Approves Interim Dividend Of `21/sh
BSE Cos Market Cap Crosses $4 Trillion For The First Time Ever
BSE Cos Gain Market Cap Of Nearly `2.5 Lk Crore In Today’s Trade
Market Breadth Favours Advances, Advance-Decline Ratio At 1:1

The Nifty Energy index hit a record high on Wednesday. At this hour, barring ONGC and Adani Green, all the index stocks are in the green. BPCL, Tata Power, and Adani Energy Solutions are the top index gainers.

The Nifty Midcap index hit a record high on Wednesday. Torrent Power, BHEL, Patanjali and LIC Housing Finance are the top index gainers at this hour.

The Nifty Auto index touched a record high of 17,488.75 in the session today. At this hour, the index is trading 270 points higher at 17,475.9. Barring Balkrishna Industries, Sona BLW and Eicher Motors, all index stocks are in the green. Hero MotoCorp, M&M and Motherson are the top index gainers.

Here are a couple of stock recpmmendations by Sameet Chavan of Angel One:

– Buy CDSL for a target of Rs 2,000 to Rs 2,100 with a stop loss of Rs 1,820
– Buy Firstsource at a target of Rs 190 with a stop loss of Rs 168

Aart Industries shares are in the green after a day’s lapse. The stock has gained for three out of the last five trade session.

It has gained 22.1% in the past month, but is down 8% this year, so far.

Fedbank Financial Services Limited (FedFina) is all set to make its Dalal Street debut on Thursday, November 30. However, Fedbank shares may break the series of listing pops and may disappoint the investors on its debut, if one goes by the signals from the grey market.

The grey market premium (GMP) of the non-banking lending subsidiary of Federal Bank has been totally wiped out following a dull interest from investors. Last heard, the GMP of Fedbank Financial remained nil, suggesting a flat-to-negative listing against it.

Read more here

M&M shares are in the green for the fourth day today, up 3.44%

The stock has gained 28.28% this year, so far.

Hero MotoCorp shares are in the green for the second day, up 3.2%

The stock is in the green for 11 out of the last 12 trade sessions.

It has gained 37.73% this year, so far.

Shares of Chambal Fertilisers are in the green for the second day today, up 1.5%

The stock has gained 13.35% in the past month, but is up 1.6% this year, so far.

The Nifty IT index is the top gainer among sectoral indices, up 1.4%

All 10 stocks in the index are in the green.

Muthoot Finance shares are in the green for the second day today, up 3.5%.

The stock has gained 27.4% this year, so far.

Mumbai-based Gandhar Oil Refinery (India) Ltd is expected to start the first day first trade with around 30-40% gains on Thursday, November 30, analysts said. They attributed the expected strong listing to its healthy subscription numbers, attractive valuation, strong financials and growing overseas opportunities.

The ₹500 crore initial public offering (IPO) of Gandhar Oil Refinery, one of the largest manufacturers of white oils by revenue in the financial year 2023, was subscribed 65 times at close.

Read more here

BHEL shares are in the green for the fifth day today, up 4.2%

The stock has gained 34.76% in the past month, 96.08% in the last six months and 102.99% this year, so far.

KPIT Tech shares are in the red after three trade sessions, down 1.6%.

The stock has been in the red for three out of the last six trade sessions.

It has gained 23.68% this month, 47.52% in the last six months and 110.4% this year, so far.

Bandhan Bank shares are in the green for the second day today, up 2.5%.

The stock has been in the grene for three out of the last nine trade sessions.

It has fallen 15.79% in the last six months and 7.37% this year, so far.

Graphite India shares are in the green after two days. The stock is up 6% today.

It has gained 29.76% this year, so far.

Shares of CMS Info Systems are trading near their all-time high of Rs 421.4, which it hit earlier in trade today.

The stock has gained 27% this year, so far.

Sundaram Finance shares are in the green for the second day, up 5.4%.

The stock has gained 43.7% this year, so far.

PCBL Ltd shares surged more than 6% to hit a fresh 52-week high on Wednesday after India’s largest carbon black manufacturer announced that it would acquire Aquapharm Chemicals Pvt Ltd in ₹3,800 crore deal.

The stock opened higher and rose further by 6.11% to hit a year-high of ₹269.85 on BSE in morning deals. The stock touched a 52-week high of ₹270 on NSE where more than 58 lakh shares of the company changed hands.

Read more here

Zomato shares are in the green for the third day today, up 3.8%

The stock has gained 95.9% this year, so far.

Minda Corp shares are in the green after two days, up 9.4%.

The stock has gained 78.4% this year, so far.

Here are a few stock recommendations by technical analyst Mitessh Thakkar:

– Buy IndiGo at a target of Rs 2,730 with a stop loss of Rs 2,665
– Buy LTIMindtree at a target of Rs 5,675 with a stop loss of Rs 5,530

Aster DM is expecting its deal to close by end of this fiscal year.

In confirmation of another CNBC-TV18 newsbreak, leading corporate hospital chain Aster DM Healthcare Ltd on Tuesday (November 28) announced that its subsidiary, Affinity Holdings Private Ltd, is set to divest its stake in Aster DM Health FZC to Alpha GCC Holdings for $1.01 billion.