Stock Market Highlights | Nifty 50 crosses 19,900 in intra-day trade for the first time since September 20

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Nifty Rises Above 19,900 Intra-day For The First Time Since Sep 20

Sensex Rises 205 Points To 66,174 & Nifty 95 Points To 19,890

Nifty Bank Gains 112 Pts To 43,881 & Midcap Index 228 Points To 42,278

Adani Grp Stocks Surge, Rise Up To 20% After SC Reserves Order In Adani-H’burg Case

All Adani Group Stocks End Higher, Post Best Day Since Hindenburg Report (Jan 24)

OMCs Rise On Positive Brokerage Report, BPCL Up 3%, HPCL Ends >6% Higher

BSE Ends Higher For Third Straight Session, Up 9% After Jefferies Initiates Buy Call

Tata Motors, Titan, HAL Hit Record Highs Intra-day, Tata Motors Up Nearly 4%

Coal India Up Nearly 3%, Rises On Rpts Of Likely Price Hike For Non-power Segment

Jubilant Ends Flat, Proposes To Acquire Remaining Stake In DP Eurasia NV

PSU Insurance Cos Extend Rally, GIC, New India Assurance Rise Up To 8%

Aster DM Down 1% After Srcs Say, Sale Of GCC biz Likely To Be Announced Soon

Raymond Declines For 10th Straight Day, Down More Than 4%

Netweb Tech Up More Than 8% After Co Becomes Mfg Partner For NVIDIA

MCX Up For The Third Straight Session, Up Nearly 7%, Rises More Than 100% YTD

Market Breadth Favours Advances, Advance-Decline Ratio At 1:1

BSE Cos Gain Market Cap Of Nearly `3 Lk Crore In Today’s Trade

Kesoram shares are in the green again today after a day’s lape. The stokc has gained nearly 5% today. It has gained for four out of the last five trade sessions.

It has gained 110% this year, so far.

India’s largest software exporter Tata Consultancy Services (TCS) on Tuesday, November 28, announced that its ₹17,000 crore share buyback program will open on December 1 and close on December 7.

Shares of TCS were trading 0.43% higher at ₹3,472.05 apiece on the NSE during Tuesday’s late afternoon trade.

Read more here

Grasim shares are in the green after three days, up 1.03%

The stock has gained 14.9% in the last six months.

Coforge shares are in the red for the third day today, down 1.2%

The stock has gined 4-.5% this year, so far.

Domestic brokerage house JM Financial says the shares of JSW Infrastructure has the potential to deliver a 16% internal rate of return (IRR) over a three-year period. At 11:40 am on Tuesday, the scrip was trading 0.22% lower at ₹205.55 apiece on the NSE. At today’s market level, the stock is up 44% over its listing price of ₹143.

The Sajjan Jindal-led JSW Infrastructure, which made its market debut on October 3, is expected to grow significantly faster than the industry over the next 8-10 years. “We initiate coverage with a buy rating and a March 2025 target price of ₹250, basis 18 times FY26 EV/EBITDA and we see potential for the stock to deliver 16% IRR over a 3-year period,” the brokerage said in a note.

Read more here

Shares of Gujarat Pipavav Port are in the green for the second day, up 6.1% today.

The stock is trading near its 52-week high of Rs 148.5 per share, which it hit earlier today.

The stock has gained 40.6% this year, so far.

Here are a couple of stock recommendations by Shrikant Chouhan of Kotak Securities:

– Buy NMDC at a target of Rs 220 to Rs 225 with a stop loss of Rs 160
– Buy GAIL at a target of Rs 140 to Rs 145 with a stop loss of Rs 120

Suzlon shares are in the red again after two days. The stock is down 3.8% today.

It has fallen for four out of the four out of the last six trade sessions.

It has gained 277.8% in the last six months.

The Indian equity markets are expected to see an inflow of around ₹30,000 crore from a major US pension fund from 2024 onwards, which could give a boost to local stock, according to analysts.

The US federal government’s retirement fund has decided to change the benchmark equity index for expanding international exposure. Analysts believe the move could lead to a churn of $28 billion across global stocks while India could see inflows of $3.6 billion (more than ₹30,000 crore) from 2024.

Read more here