Stock Market Highlights 29 November 2024: Sensex up 759 pts to 79,802; Nifty50 adds 217 pts to 24,131

Top gainers

Bharti Airtel (4.40%), Sun Pharma (2.87%), Cipla (2.63%), M&M (2.58%), Tata Consumer (1.90%) 

Top losers:

Power Grid (-1.35%), Shriram Finance (-0.93%), Hero Motocorp (-0.39%), HDFC Life (-0.26%), Nestle India (-0.06%)

Hyundai Motors has issued clarification regarding report- Hyundai, Mahindra, Kia, and others face ₹7,300 crore fine for breaching fleet emission levels.

“The Company has not received any formal or informal information or intimation regarding any penalty and has not heard of, formally or informally, the quantum mentioned in the said article. The Company categorically denies the contents of the news article mentioned against its name.”

Ashoka Buildcon has signed a ₹1,055.00 Crore contract with Banglore International Airport Limited for ‘Construction of Elevated Western Crossfield Taxiways (the “WCT”), apron and associated works (taxiway systems, pavement, drainage works, ancillary buildings and associated infrastructure facilities)’.

Shares surged 3.94% on the NSE to ₹248.81

CreditAccess Grameen Raises Euro 25 Million from the German Investment Corporation, DEG and INR 170 Crore from Citi through a Co-financing Facility”

CreditAccess Grameen shares plunged 8.59% on the NSE to trade at ₹901.60

Global Education Limited has completed its contractual obligations/conditions as mentioned in Share Purchase Agreement [SPA] including discharge of full consideration amount with respect to acquisition of 28,230 equity shares / Percentage of Control acquired [28.23%] of Rishiraj Infravision Private Limited which post acquisition, would entitle Global Education Limited to exercise a control of 28.23% of the equity share capital of Rishiraj Infravision Private Limited on a fully diluted basis.

Global Education stock declined 1.50% on the NSE to ₹189

Top gainers on the NSE at 3 pm: 

Bharti Airtel (4.27%), Sun Pharma (2.89%), Cipla (2.78%), M&M (2.45%), Adani Ports (2.40%)

Top losers:

Power Grid (-1.05%), Shriram Finance (-0.57%), Hero Motocorp (-0.43%), Tech Mahindra (-0.41%), Apollo Hospitals (-0.12%)

Stocks advanced on BSE at 3 pm on November 29, 2024, were 2,276 against 1,619 stocks that declined, and 129 remained unchanged. Total stocks traded were 4,024. The number of stocks that recorded a 52-week high was 186, and those that hit a 52-week low was 21. A total of 364 stocks traded in the upper circuit, and 202 in the lower circuit.

Titan Intech, a leading innovator in Embedded Manufacturing Services for OEM/ ODM solutions, has plans to raise ₹200 crore through Non-Convertible Debentures. 

The funding, to be secured via public or private placements, will enable the company to accelerate its strategic initiatives in high-growth sectors.

ITC Ltd has acquired the entire share capital of Greenacre Holdings Limited (GHL), an unlisted company, from Russell Credit Limited, a wholly-owned subsidiary (WOS) of the Company.

ITC shares inched up 0.43% on the NSE to ₹476.95.

Power Mech Projects has received an order worth of ₹ 510 Crores (excluding GST) from Adani Power Limited, related to the performance of Mechanical construction works for 2x800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project (“Project”), at Raikheda village in Raipur District, Chhattisgarh.

Power Mech Projects stock traded at ₹2,825.65 on the NSE, up 1.56%, and Adani Power traded flat at ₹562.85.

IOB (-3.04%), UCO Bank (-2.09%), Bank of India (-1.88%), PNB (-1.88%), Canara Bank (-1.65%)

Nifty pharma index gained 2.12% to trade at 22,188.20.

Top 5 gainers:

Torrent Pharma (3.45%), Divi’s Lab (3.26%), Alkem (3.26%), Ajanta Pharma (3.06%), Sun Pharma (3.06%)

Track live updates

Sarveshwar Foods inches closer to acquiring remaining stake in Natural Global Foods DMCC, targeting full integration as Wholly Owned Subsidiary.

Stock trades at ₹9.65 on the NSE, up 1.05%

Reliance Finance and Investments USA LLC (RFIUL), a step-down wholly owned subsidiary Reliance Industries (RIL) has picked up a 21% stake in US-based Wavetech Helium, Inc., marking the oil-to-telecom conglomerate’s expansion in the helium segment which has a significantly lower carbon for $12 million. 

Reliance Industries stock rises 1.70% on the NSE to ₹1,292.35

With India just months away from launching its first greenfield integrated refinery complex in nearly a decade, S&P Global Commodity Insights said the spotlight has shifted to medium sour grades such as Russia’s Urals and Iraq’s Basrah.

HPCL Rajasthan Refinery (HRRL), an integrated refinery and petrochemical complex with a capacity of 9 mt per annum (MTPA), is currently under construction in Pachpadra, Balotra district of Rajasthan. Certain units have already entered the pre-commissioning stage.

The complex, jointly built by state-run Hindustan Petroleum Corporation (HPCL) and the Rajasthan government with equity stakes of 74 per cent and 26 per cent, respectively, is poised to commence operations as India is projected to surpass China’s oil demand growth rate. 

Reliance Finance and Investments USA LLC (RFIUL), a step-down wholly owned subsidiary Reliance Industries (RIL) has picked up a 21% stake in US-based Wavetech Helium, Inc., marking the oil-to-telecom conglomerate’s expansion in the helium segment which has a significantly lower carbon for $12 billion.

Reliance Industries stock rises 1.70% on the NSE to ₹1,292.35

Vedanta Limited, promoter and holding Company of Hindustan Zinc Limited (HZL), has made disclosure regarding an order received from Appellate Tribunal under SAFEMA, New Delhi vide order dated November 27, 2024 dismissed the appeal filed by the Company (Erstwhile Sterlite (I) Industries) and the erstwhile Directors of Sterlite Industries (I) Limited against the Order of the Enforcement Directorate imposing a total penalty of ₹ 35 Cr [₹ 20 Cr on Company and ₹ 5 Cr each on the three erstwhile Directors of Sterlite Industries (I)Limited] alleging violation under Section 8(1) of Foreign Exchange Regulation Act, 1973. 

Hindustan Zinc shares trade flat at ₹492.65 on the NSE. Vedanta shares trade at ₹449.80.

Stocks advanced on BSE at 12 noon on November 29, 2024, were 1,949 against 1,807 stocks that declined, and 155 remained unchanged. Total stocks traded were 3,911. The number of stocks that recorded a 52-week high was 168, and those that hit a 52-week low was 17. A total of 279 stocks traded in the upper circuit, and 185 in the lower circuit.

Easy Trip shares jump 15%

Shares trade 14.70% higher on the NSE at ₹18.73, trades ex-bonus.

Company recently unveiled EMT Desk, an all-in-one platform tailored to transform corporate travel.

Saurashtra Cement Limited has informed the Exchange about Closure of operations at the Company’s plant situated at Sidheegram Dist: Gir Somnath for about 10-15 days on account of higher clinker inventory. There will be no clinker production during this period. However, the cement dispatches will continue from this plant.

Stock declined 2.05% on the NSE to ₹112.31.

ABS Seating Private Limited, subsidiary of ​Stanley Lifestyles​, has complied with the direction issued by the Regional Provident Fund Commissioner’s Office (Employees’ Provident Fund Organization), SRO-Okhla, New Delhi, by remitting the payment of ₹23,697 as interest on delayed provident fund contributions. 

Stanley Lifestyles stock trades flat on the NSE at ₹432.30.

Mufin Green board approves raising of funds through NCDs on private placement basis for amount upto ₹15 crore.

Shares rise 1.09% to ₹121.95

Over the next couple of months, the pre-listing lock-in on shares of 50 companies, worth around $13.9 billion, will be lifted, a good portion of which belong to promoters, data from Nuvama Research showed.

Enviro Infra Engineers made a strong debut on the stock market, listing at ₹220, a remarkable 48.65% premium over its issue price of ₹148. This outstanding performance was driven by the company’s strong fundamentals, strong investor interest (89.9 times subscribed), and the positive sentiment surrounding the water and wastewater treatment sector.

The company’s focus on sustainable infrastructure and its strong track record in executing projects have contributed to this impressive listing. However, investors should remain cautious and monitor the company’s performance closely, considering factors such as project execution risks, regulatory changes, and competition in the sector.

While the initial listing is promising, long-term success will depend on Enviro Infra’s ability to capitalize on its growth opportunities and deliver strong financial performance. But as of now investors may hold their position by keeping a stoploss at around 200.

Rgds, Kheman

The shares of Zee Entertainment Enterprises Ltd (ZEEL) were trading at ₹129.71 up by ₹6.60 or 5.36 per cent on the NSE today at 10.30 am.

Zee Entertainment Enterprises Ltd (ZEEL) shareholders have voted against the reappointment of Punit Goenka as director, according to a regulatory filing. The resolution failed to secure the required majority, with 49.54 per cent voting in favour and 50.4 per cent voting against.

Adani Green Energy (13.49%) 

Adani Energy Solutions (11.85%) 

Adani Total Gas (2.89%) 

Ambuja Cement (2.41) 

Adani Ports & SEZ (1.37%) 

ACC (1.32%) 

Adani Power (1.31%) 

Adani Enterprises (0.20%) 

Adani Wilmar (0.24%) 

NDTV (2.46%) 

(NSE data at around 10.56 am)

Bank Nifty began today’s session at 51,984 versus yesterday’s close of 51,907. It is currently hovering around 51,870, down by a marginal 0.1 per cent.

The advance/decline ratio stands at 2/10, indicating a bearish bias. Kotak Mahindra Bank, up nearly 0.4 per cent, and ICICI Bank, up 0.3 per cent, are the only gainers. Punjab National Bank, down 1 per cent, is the top loser.

NODWIN Gaming, a material subsidiary of Nazara Technologies Limited, announced the acquisition of Trinity Gaming, a leading gaming agency and platform MCN/ CSP in a deal valued at ₹24 Crore.

Nazara stock declined 2.13% on the NSE to ₹999.60

Nifty 50, the benchmark index, opened today’s session slightly higher at 23,927 versus yesterday’s close of 23,914. It has appreciated after opening and is currently at 24,000, up 0.4 per cent.

The advance/decline ratio of Nifty 50 stands at 37/13, a positive indication. Cipla, up 2.1 per cent, is the top gainer whereas Power Grid Corporation of India, down 1.1 per cent, is the top loser.

Japan’s biggest banks plan to maintain ties to Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate.

Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to people familiar with the matter. Sumitomo Mitsui Financial Group Inc. and Mitsubishi UFJ Financial Group Inc. also have no plans to pull back and will be open to fresh financing if needed later, people familiar with the matter said.

Matrimony.com, the Chennai-based matrimony service provider, has launched a new specialised service, Make My Wedding (MMW), to make wedding planning easy and stress-free.

The service aims to connect customers with top wedding service providers, including makeup artists, photographers, caterers, decorators, planners, mandaps, invitations, and mehndi artists through a dedicated relationship manager who handles everything from vendor selection to negotiating the best deals.

Allowing payments banks to offer small-ticket loans and enabling them to accept deposits of more than ₹2 lakh could help the payments bank model become more commercially viable, Fino Payments Bank MD and CEO Rishi Gupta told businessline. Under the existing guidelines, payment banks cannot lend on their own books or accept deposits of more than ₹2 lakh from each customer.

The Competition Commission of India (CCI) is taking a giant leap in enhancing its investigative prowess by inviting bids for the empanelment of Digital Forensic Service Providers. 

This move aims to bolster its capabilities in acquiring, analysing, and presenting digital evidence, signalling its readiness to address increasingly sophisticated anti-competitive practices in the digital economy.

Here is a live updates

Sigachi Industries Limited announced that Trimax Biosciences Pvt Ltd, A Sigachi Group Company has received a communication from European Directorate for the Quality of Medicines & Health Care (“EDQM”) on its latest CEP Filing submission of “Propafenone Hydrochloride”. 

Shares surge 5.32% on the NSE to ₹53.85

Manish Bhandari, CEO and Portfolio Manager of Vallum Capital Advisors

“Consumer prices rose by 2.3% up from 2.1% in September, removing the impact of food and energy core inflation was 2.8% vs 2.7% in September. Price has still remained elevated in services, including rent, restaurant meals, car and home insurance. The market is expecting Solid growth and stubborn inflation, and this may keep Federal Reserve officials from cutting their key interest rate as quickly as they had signaled at their last meeting in September. However, the bond yields have cooled off by 85 bps in 3 days indicating that the market is expecting that inflation will cool off going forward. Hence we are very positive about IT, rate cuts under the Trump regime. Moreover, IT is also playing on pick up in manufacturing in the US and Indian IT gaining on top of it.”

From today, the derivative segment sees the addition of 45 stocks including Adani Energy Solutions, Adani Green Energy, Adani Total Gas, Zomato, Jio Financial, Paytm, Delhivery and Avenue Supermarts.

The new entrants will be available for trading in the F&O segment from November 29, the exchanges said. Some of the counters that have higher lot size included Yes Bank, which will have a market lot of 26,000, IRB Infrastructure (10,250), NHPC (6,400), Bank of India (4,825), SJVN (4,725) and HFCL (4,150).

Newgen Software Technologies Limited (“the Company”) has received a Purchase Order from the Reserve Bank of India (RBI) for the implementation and maintenance of the Regulatory Application Management System (RAMS). The aggregate value of the aforesaid Purchase Order is INR 32,44,67,835 /-(inclusive of 18% GST). 

Shares up 3.42% on the NSE to ₹1,168.75

NCC Ltd has received letter of acceptance from Ken-Betwa Link Project Authority regarding selection of the Company as the successful bidder for the EPC execution of Daudhan Dam under Ken-Betwa Link Project. 

Shares surge 3.03% on the NSE to ₹312.55

Vedant Fashions informed that the NCLT has sanctioned scheme of amalgamation of Manyavar Creations Private Limited into and with Vedant Fashions Limited.

Stock is up 1.15% on the NSE to ₹1,416.40

Top gainers on the NSE as at 9.32 am:

Sun Pharma (1.77%), Cipla (1.75%), Dr Reddy’s (1.68%), M&M (1.36%), Adani Ports (1.23%)

Top losers:

Power Grid (-1.54%), Shriram Finance (-0.37%), Coal India (-0.36%), ITC (-0.27%), Tech Mahindra (-0.16%)

Crude oil futures traded higher on Friday morning amid thin trading volumes due to Thanksgiving holiday in the US and the reports of ceasefire violation between Israel and Hezbollah. At 9.30 am on Friday, February Brent oil futures were at $72.89, up by 0.15 per cent, and January crude oil futures on WTI (West Texas Intermediate) were at $69.18, up by 0.44 per cent. December crude oil futures were trading at ₹5859 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹5844, up by 0.26 per cent, and January futures were trading at ₹5851 against the previous close of ₹5840, up by 0.19 per cent.

Stock markets opened with a cautious sentiment on Thursday, reflecting a complex interplay of domestic and global economic factors. The Sensex and Nifty showed modest gains, with investors closely monitoring multiple economic signals and institutional movements.

The Sensex opened marginally lower at 79,032.99 from its previous close of 79,043.74 but has moved up, trading at 79,402.52 as of 9.52 AM, gaining 358.78 points or 0.45 per cent. Similarly, the Nifty opened slightly higher at 23,927.15 compared to its previous close of 23,914.15 and is currently at 24,034.20, rising by 120.05 points or 0.50 per cent.

The high-flying diagnostics space will see another IPO, this time from Suraksha Diagnostic a West Bengal focussed player. The diagnostics sector has traded at high valuations driven by shift from standalone testing centres to regional/national chains and rising investments in evidence-based healthcare.

The public issue of Suraksha Diagnostic, an integrated diagnostic chain, to hit the capital market on Friday targeting ₹846.25 crore. The entire issue, which is an offer for sale by promoters and investor shareholders, comes out with a price band of ₹420-441. The IPO will close on on December 3.

​Shares of Enviro Infra Engineers​ will be listed at the bourses today. The company has fixed the price at ₹148, at the upper end of the IPO price band of ₹140-148. The ₹650.43-crore IPO of Enviro Infra Engineers received an overwhelming response from all categories of investors, with an overall subscription of 89.90 times. The offer also witnessed a revival in high-net-worth individuals’ interest, as previous IPOs had received only a muted response from them.

Symbol: EIEL 

Series: Equity “B Group” 

BSE Code: 544290 

ISIN: INE0LLY01014 

Face Value: Rs 10/- 

Issued Price: Rs 148/- per share

HSBC on Apollo Hospitals: Maintain Buy on Company, target price at Rs 8220/Sh (Positive) 

HSBC on KIMS: Maintain Buy on Company, target price at Rs 670/Sh (Positive) 

HSBC on Rainbow: Maintain Buy on Company, target price at Rs 1800/Sh (Positive) 

HSBC on Aster DM: Maintain Buy on Company, target price at Rs 550/Sh (Positive) 

Citi on Divis Lab: Maintain Buy on Company, target price at Rs 6850/Sh (Positive) 

ICICI on Allied Blenders: Initiate Buy on Company, target price at Rs 400/Sh (Positive) 

Citi on Kalyan Jewel: Maintain Buy on Company, target price at Rs 810/Sh (Positive) 

Morgan Stanley on Life Insurance: If caps are implemented, this would likely be negative for APE growth (Neutral) 

Bernstein on Life Insurance: India Life Insurance: Regulatory scrutiny on bank sales intensifying (Neutral) 

Kotak Securities on Life Insurance: Believe diversification of distribution is anyway a secular and inevitable trend (Neutral) 

Jefferies on Zomato: Maintain Buy on Company, target price at Rs 335/Sh (Neutral) 

Bernstein on Jubilant Food: Maintain Outperform on Company, target price at Rs 700/Sh (Neutral) 

BofA on PB Fintech: Maintain Neutral on Company, target price at Rs 1850/Sh (Neutral) 

Investec on Vedanta: Maintain Hold on Company, target price at Rs 510/Sh (Neutral) 

MS on Reliance Ind: Maintain Overweight on Company, target price at Rs 1662/Sh (Neutral) 

Goldman Sachs on Financials: Sizing microfinance stress: US$4bn – US$18 bn of potential stressed pool Diversified players better placed (Neutral)

Ex/ record dividend: Talbros Auto, VRL Logistics, Career Point, Surya Roshni, Venus Pipes, Dynamatic Technology, Gofrey Phillips, Nalco.

Quick Heal Technologies: Promoter Anupama Kailash Katkar created a pledge for 13.5 lakh shares on Nov. 22.

Rajoo Engineers: Promoter Shrutina Nexgen LLP sold 56,000 shares on Nov. 27.

Sudarshan Chemical Industries: Promoter Pradeep Ramwilas Rathi sold 7.62 lakh shares on Nov. 27.

ZF Commercial Vehicle Control Systems India: Promoter Wabco Asia Private Limited sold 8.2 lakh shares on Nov. 27.

Sheela Foam: Promoter Rahul Gautam bought 25,000 shares on Nov. 27.

Nuvoco Vistas Corp.: The company incorporated its wholly owned subsidiary in the name of Vanya Corp. to carry on the business of manufacturing cementitious products.

Fine Organic Industries: The company will resume its Badlapur plant operations from Nov. 28 and is actively working on fully restoring all other plant activities to normalcy.

ICICI Bank -0.47%

HDFC Bank +1.28%

Infosys -1.09%

Wipro -0.99%

Dr Reddy’s Lab -0.42%

Buy, TP Rs 335

Zomato has unveiled ‘District’ app, a one-stop destination for going-out, a theme for next decade per mgmt. 

Starting with dining-out & ticketing, new use cases will emerge 

Market is supply-constrained, which means opportunity 

@blitzkreigm 

YoY growth in wholesale volumes in the month is likely to be adversely impacted by the earlier timing of the festive season this year

Expect wholesale volumes to grow 9-13% YoY for Maruti/M&M

1-5% YoY for TVS/Bajaj Auto and remain flattish for Eicher (RE)/Hero

Decline 2-3% YoY for Tata Motors/Ashok Leyland

M&M, followed by TVS/Eicher are our preferred picks in autos

Rural demand improving, urban remains weak

Expect passenger vehicle (PV) wholesales at ~340k units, +2% y-y

Weak demand conditions continue, with high discounts persisting even after the high festive season sales and inventory reduction

Two-wheeler (2W) industry wholesales likely to be up 3% y-y

Our industry surveys indicate slowing demand trends in 2W as well

MHCV wholesales to be up 11% y-y

Expect a gradual recovery of MHCVs, as government spending will likely improve in H2

For tractors, we expect wholesales to be +10% y-y

Demand will be supported on the back of a good rainfall, good reservoir levels, crop prices and improved rural sentiment

Buy, TP Rs 810 

Aspiration is to grow revenue at 30%+ with PBT growth ahead of rev growth in medium term; 

Expect to become debt free (ex-gold metal loan) in next 3 years 

Apollo Hospitals – BUY, TP Rs 8220 

KIMS Buy, TP Rs 670 

Rainbow– Buy, TP Raised to Rs 1800 

Aster DM– Buy, TP raised to Rs 550

Unanimous feedback from insurers should give some comfort to investors 

However, investors we spoke to had a “no smoke without fire” read through 

FM & IRDAI also commented recently on mis-selling etc. 

Hence, clarification from IRDAI is important

Buy, TP Rs 335 

Zomato has unveiled ‘District’ app, a one-stop destination for going-out, a theme for next decade per mgmt. 

Starting with dining-out & ticketing, new use cases will emerge 

Market is supply-constrained, which means opportunity

OW, TP Rs 1662

RIL made an unexpected acquisition of a stake in helium operations in US.

While small, it highlights RIL’s strategic initiatives to expand into low-carbon solutions while also developing pillars for AI supply chain.

Downgrade to SELL from BUY

TP cut to Rs564 from Rs1426

Earnings visibility clouded amid asset quality concerns

De-rating structural in nature

Its lender association >=3 at c46% of AUM as of Aug’24

Borrower indebtedness >Rs150k at c24%

Expect both categories to see a potential impact from new MFIN guardrails & present higher credit risk

We have been negatively surprised by the accelerating decline in asset quality in Q2

Expect deterioration in asset quality to accelerate further with new guardrails put in place this week

Cut EPS by 40%-51% for FY25-27

Expect credit costs at 6.6% for FY25 & at 4.5% in FY26

Slower loan growth due to high write offs in Q4FY25/FY26 as per company’s policy of 270 day write offs; and lower margins on interest reversal

Valuations don’t adequately reflect underlying stress in the portfolio

Rajoo Engineers Ltd.

Bonus issue 1:3

Previous day Closing Price – Rs. 349

Ex-Bonus 02 Dec 2024 (Monday)

Last date for Cum-Bonus Today

Buzzing stocks: Reliance Industries, Zee, Indian Hotels, SAIL, Mindspace REIT, PCBL, Sun Pharma

Indian stock markets are expected to open flat on Friday after a steep fall on Thursday amid weak global cues. According to experts, the Nifty witnessed a rollover of nearly 78 per cent, which is more than the three-month average. According to them, most of the positions rolled over were on the short side, and they expect the market to remain under pressure in the coming days.

Meanwhile, Gift Nifty at 24,140 signals a flat opening for Nifty, as Nifty December futures closed at 24,115. Asian stocks are weak in early trade, albeit marginally.

Kerala, Adani Ports sign supplementary agreement to enhance Vizhinjam Seaport development

As per the agreement, the project envisioned as a transformative step in Kerala’s maritime infrastructure, will see its second and third phases nearing completion by 2028

The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company.

The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company.

Resolution number three in the AGM, which proposed the reappointment of Goenka as director, was supported by only 49.54 per cent of the total number of votes cast while 50.4 per cent voted against the resolution.

U.S. Market Early Close @ 23:30 IST

15.30 EURO CPI Flash Estimate y/y (Expected: 2.3% versus Previous: 2.0%)

16.30 U.K. BOE Gov Bailey Speaks

17.30 INDIA GDP Growth Rate y/y (Expected: 6.5% versus Previous: 6.7%)

Economic Calendar – 30.11.2024

China manufacturing PMI (EST: 50.3 vs Prev: 50.1)

Economic Calendar – 01.12.2024

India: November Auto Sales

(Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 116893.73 + 7210.1 Total: 124103.83

F&O Volume: 492843.86 + 2911647.27 Total: 3404491.13

Provisional Cash

FII/FPI: NET SELL: -11756.25 

(10796.17 - 22552.42) 

DII: NET BUY: +8718.3 

(17685.35 - 8967.05)

Here’s an interesting stock idea: The stock that we have today is Exide Industries. After moving in a sideways trend last week, the stock has been getting an upward push this week. This has led to the stock moving above key price points and is now showing signs of a bullish reversal. Check out the latest episode of bl.Today’s Pick to learn more

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI