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November 28, 2019 / 03:56 PM IST

Nifty closes Nov series above 12,150, Sensex up 109 pts; RIL ends day above Rs 10 trillion mcap

The Sensex was up 109.56 points or 0.27% at 41130.17, while Nifty was up 50.50 points or 0.42% at 12151.20.

  • November 28, 2019 / 05:52 PM IST

    Rupee Closing

    The Indian rupee ended at 71.61 against the US dollar, down 26 paise compared to Wednesday's close of 71.35 a dollar.

    The currency posted biggest single session fall since November 13.

  • November 28, 2019 / 04:40 PM IST

  • November 28, 2019 / 04:34 PM IST

    Amit Shah, Technical Research Analyst with Indiabulls Ventures:

    We continue with our bullish stance and expect markets to gather further steam on the upside. All-time highs attract fresh liquidity and hence expect the momentum to build further. We continue with our near term target of 12,400 zone on the Nifty. Traders should continue to hold their longs. Near term support is placed at 12k.

  • November 28, 2019 / 04:32 PM IST

  • November 28, 2019 / 04:27 PM IST

    Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas:

    One can continue to ride the trend as it unfolds on the upside. The broader market indices are also looking to join the benchmark index in its journey towards the north. The next target for the Nifty is placed at 12350. On the other hand, the support zone now shifts higher to 12055-12037.

  • November 28, 2019 / 04:25 PM IST

    Ajit Mishra, VP - Research, Religare Broking

    We’re eyeing 12,300 in Nifty and reiterate our preference for banking, metal and pharma counters for long trades. Upcoming macroeconomic data and global cues may result in the marginal profit taking or consolidation. Traders should utilise such opportunities to accumulate quality stocks on dips.

  • November 28, 2019 / 03:43 PM IST

    S Hariharan - Head - Sales Trading, Emkay Global Financial Services:

    For the month of Nov so far, foreign inflows in the cash segment have totalled $2 bn, while FII positioning in index futures has turned to net long after a gap of 6 months. Moreover, FII stock futures positions are also expected to have the highest-ever month-ending net long position. This points to a strong external flow environment, and historically, such instances have led to follow-on strength in the market in Dec as well.

  • November 28, 2019 / 03:34 PM IST

    Market Close: Benchmark indices ended near the day's high level on November 28 supported by PSU bank and metal stocks.

    At close, the Sensex was up 109.56 points or 0.27% at 41130.17, while Nifty was up 50.50 points or 0.42% at 12151.20. About 1272 shares have advanced, 1178 shares declined, and 194 shares are unchanged. 

    Bharti Infratel, UPL, JSW Steel, IndusInd Bank and ICICI Bank were among major gainers on the Nifty, while Zee Entertainment, Hero MotoCorp, HDFC, HDFC Bank and Tata Motors were among major losers.

    Except Auto, all other sectoral indices ended higher. BSE Midcap Index rose nearly 1 percent, while BSE Smallcap index gained 0.4 percent.

  • November 28, 2019 / 03:29 PM IST

    Edelweiss Housing Finance, a subsidiary of Edelweiss Financial Services, announced a strategic agreement with Bank of Baroda for co-lending of home loans to self-employed entrepreneurs and salaried customers.

  • November 28, 2019 / 03:24 PM IST

    Buzzing: Share price of telecom tower infrastructures provider Bharti Infratel jumped over 10 percent on Thursday aided by a spike in volume of more than 1.90 times.