Stock Market Highlights | Nifty 50 posts fourth straight weekly gain, Adani, Cipla top gainers

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Rupee At Close | #Rupee ends at record low of 83.37 against the US Dollar

▶️ #Rupee ends at 83.38/$ against Thursday’s close of 83.34/$ pic.twitter.com/MB3m83eDYs

— CNBC-TV18 (@CNBCTV18Live) November 24, 2023

– Market Ends Flat, Tech Stocks Remains A Major Drag, Nifty Below 19,800
– Broader Mkt Outperforms, HDFC Bk, ICICI Bk Top Contributors To Nifty Bks’ Gains
– Sensex Falls 48 Points To 65,970 & Nifty 7 Points To 19,795
– Nifty Bank Gains 192 Pts To 43,769 & Midcap Index Rises 23 Points To 42,050
– Cipla Top Nifty Gainer On Positive Brokerage Reports, Up More Than 2%
– Most Adani Group Stks End In The Green, Adani-Hindenburg Case Hearing Underway
– PSU Insurance Stocks Rally, New India Insurance Up 20%, LIC Up Nearly 10%
– Paytm Falls More Than 3% After 1.6 Cr Shares (2.56% Equity) Change Hands Via Block
– Gland Pharma Up Nearly 3% After US FDA Clears Pashamylaram Facility
– Nifty Pharma Resumes Uptrend, Ends In The Green For 7 Out Of Last 8 Sessions
– Market Breadth Favours Advances, Advance-Decline Ratio At 1:1

Market This Week
– Market Ends Higher This Week, Sensex & Nifty Rise 0.3% Each
– Midcap Index Rise For 4th Straight Week, Up 0.6%, Nifty Bank 0.5% Higher
– Realty, Metal & Pharma Top Gaining Sectors While PSU Bks, IT Falls The Most
– Hero MotoCorp, Bajaj Auto, BPCL, Divi’s Lab, Bharti Airtel Top Nifty Gainers
– Cipla, ONGC, Coal India, Bajaj Fin Ultratech Cement Are Top Nifty Losers
– SPARC, AB Fashion, Castrol, Bharat Forge, JSW Energy Top Midcap Gainers

Shares of Suzlon Energy are in the green for the second day today, up 3.2%

The stock has gained 312.76% in the last six months.

Ganesha Ecosphere Ltd shares gained more than 4% on Friday after the company announced that its board had approved multiple proposals including raising funds up to ₹350 crore via Qualified Institutions Placement (QIP).

In a stock exchange filing, the company said its board of directors, at the meeting held on November 24, approved the decision to raise funds worth not over ₹350 crore via a Qualified Institutions Placement (QIP) route. This will be done by issuing equity shares having a face value of ₹10 per piece.

Read more here

Public sector undertaking (PSU) insurance companies have seen a very strong rally in the last 15 days. Stocks like New India Assurance and General Insurance Corporation of India (GIC Re) are trading at their highest levels in 52 weeks. Life Insurance Corporation of India (LIC) stock has also gained 10% in the last one week.

New India Assurance has moved up 17% on Friday (November 24), 38% in the last 7 days and as much as 53% in the last 15 days.

Read more here

SPARC shares are inthe green for the second day today, up 7.39%.

The stock has gained 52.88% in the last six months.

V-Mart Retail shares are in the green for the seventh day today, up 4.4%.

The stock has fallen 34.3% this year, so far.

Blue Dart shares are in the green for the second day today, up 3.6%

The stock has gained 14.1% in the last six months, but is down 11.4% this year, so far.

LIC shares are up nearly 10% and in the green for the second day.

The stock has gained 14.2% in the last six months, but is down 4.6% this year, so far.

Gland Pharma has received the Establishment Inspection Report (EIR) from the US drug regulator indicating the closure of the inspection of its Hyderabad facility, the company stated in an exchange filing.

In this residential complex spanning 4.5 acres, the company is offering apartments ranging from two to four bedrooms under the project.

Read more details here