Stock Market Live: Nifty, Sensex Off Highs As HDFC Bank, L&T Share Prices Drag
The Nifty 50 and Sensex were trading 0.02% and 0.01% higher, respectively. Get live updates on Indian stock markets here on Nov 26.
NSE building in Mumbai (Source: Vijay Sartape/NTDV Profit)
KEY HIGHLIGHTS
Stock Market Live Updates: JPMorgan Bullish On Defense Sector; Cochin Shipyard, BEL Share Prices Rise
Major players in the country's defence sector including Cochin Shipyards Ltd., Bharat Electronics Ltd., and more are in the green in early trading hours on Tuesday.
This development arose amid JPMorgan's note highlighting the Indian defence sector as a promising avenue for long-term structural growth.
Stock Market Today: Vodafone Idea Share Price Jumps Over 18%
Vodafone Idea Ltd. share price jumped over 18% on as the government waived bank guarantee obligation for the spectrums acquired before 2022, which is expected to give relief to the company.
Nifty, Sensex Open Higher As Infosys, HDFC Bank Share Prices Lead: Opening Bell
The NSE Nifty 50 and BSE Sensex opened higher on Tuesday as Infosys Ltd. and HDFC Bank Ltd. share prices lead. As of 09:17 a.m., the Nifty 50 was trading 79.30 points or 0.33% higher at 24,301.20, and the Sensex was trading 280.48 points or 0.35% higher at 80,390.33.
"On the downside, the 24,000 level is expected to act as critical support. A break below this level could drag the index toward the 23,800–23,600 range. Conversely, 24,500 serves as a crucial resistance level, and a sustained break above this mark could lead the index to higher levels. In this volatile environment, traders are advised to adopt a buy-on-dips strategy as long as the index holds above the 23,800 mark, with a strict stop-loss at 23,600 on a closing basis to effectively manage risk," said Hardkik Matalia, a derivative analyst, Choice Broking.
Infosys Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., Reliance Industries Ltd., and Tata Consultancy Services Ltd. added to the Nifty 50 index.
NTPC Ltd., UltraTech Cement Ltd., Trent Ltd., Larsen & Toubro Ltd., and State Bank of India weighed on the Nifty 50 index.
On NSE, eight sectors were trading on a positive note, three declined and one remained flat out of 12. The NSE Nifty IT rose the most, and the NSE Nifty PSU Bank declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.50% and 0.66% higher, respectively.
On BSE, 18 sectors advanced and two declined out of 21. The BSE Utilities declined the most.
Market breadth was skewed in favour of buyers. Around 2,089 stocks advanced, 695 stocks declined, and 97 stocks remained unchanged on BSE.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.84%. It closed at 6.85% on Monday, according to data on Bloomberg.
The yield on the 10–year bond opened flat.
Stock Market Today: Nifty, Sensex At Pre–Open
At pre–open, the NSE Nifty 50 was 121.40 points or 0.50% higher at 24,343.30, and the BSE Sensex was 0.38% higher at 80,415.47.
