Stock Market Today: Sensex, Nifty Close At 19-Day High On Positive Global Cues; ONGC, BEL Top Gainers

As of 3:26 p.m., the Dow Jones Industrial Average and S&P 500 future were trading 0.67% and 0.49% higher, respectively. The Nasdaq 100 future rose 0.57% higher.

Benchmark equity indices in India added nearly 4% in two consecutive sessions of gains to recoup their losses on a month-on-month basis. Both Nifty and Sensex recorded highest closing since November 6.

Globally, the sentiment was uplifted after Donald Trump hinted at his intention to nominate Key Square Group founder Scott Bessent as U.S. Treasury secretary. The market also assessed brokerages' positive commentary after NDA win in Maharashtra assembly elections.

Intraday, both Nifty and Sensex rose nearly 2% to hit their highest levels since November 7. Nifty ended at 24253.30, up 1.45% or 346.05 points and Sensex closed at 80158.67, up 1.32% or 1041.56 points

On a month-on-month basis, Nifty and Sensex had fallen in October post four-consecutive months of gains. So far in November, Nifty is trading 0.1% up and Sensex is up around 1%.

"Positive domestic cues propelled the Index to start the week on a robust note but then, it remained rangebound for the rest of the day," said Aditya Gaggar, director of Progressive Shares. "The activity in the upcoming days will confirm the success or failure of the pattern breakout.," he said. "For the time being, the nearby support is placed at 23,950 (bullish gap) whereas the higher side seems to be capped at 24,350."

Share prices of HDFC Bank Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and State Bank Of India contributed the most to the gains in Nifty. While those Infosys Ltd., JSW Steel Ltd., Maruti Suzuki Ltd., Tech Mahindra Ltd., and Bajaj Auto Ltd. capped the upside.

All sectoral indices rose with Nifty PSU Bank gaining the most by over 4%

Market breadth was skewed in favour of buyers. Around 2,687 stocks advanced, 1,366 stocks declined, and 161 stocks remained unchanged on BSE.

Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 1.61% and 1.86% higher, respectively.

On BSE, 21 sectors ended higher with the BSE Industrials rising the most. The BSE Metal rose the least.

-Rupee ends 17 paise stronger against the dollar at 84.28.

-Rupee appreciated by 19 paise during the day to 84.26.

-It closed at 84.45 on Friday.

Source: Bloomberg

• Nifty and Sensex recouped its monthly losses after rallying nearly 4% in two sessions

• Both Nifty and Sensex recorded highest closing since November 6

• Intraday, both Nifty and Sensex rose nearly 2% to hit their highest levels since November 7

• Nifty ends at 24253.30, up 1.45% or 346.05 points

• Sensex ends at 80158.67, up 1.32% or 1041.56 points

• Broader indices outperformed. Nifty Midcap 100 ended 1.6% up and Nifty Smallcap 250 closed 2.1% higher

• All sectoral indices rose with Nifty PSU Bank gaining the most by over 4%

MTNL has entered into a services agreement with BSNL effective January 1, 2025 and it will remain valid for 10 years. MTNL has revised date for agreement to come into effect to Jan 1 Vs Dec 15 earlier.

Source: Exchange Filing