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Nov 27, 2019 03:43 PM IST | Source: Moneycontrol.com

Ahead of Nov expiry, Sensex, Nifty & Bank Nifty end at record closing highs; Yes Bank gains 8%

The Sensex was up 199.31 points or 0.49% at 41020.61, while Nifty was up 63 points or 0.52% at 12100.70.

  • November 27, 2019 05:37 PM IST

    Rupee Closing

    The Indian rupee ended at 71.35 against the US dollar, the highest level since November 8.

    The currency gained 13 paise compared to Tuesday's close of 71.48 a dollar.

  • November 27, 2019 04:16 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    We reiterate our bullish view on the index and suggest continuing with “buy on dips” approach. Almost all the sectors, barring IT, are contributing to the move and we feel under owned sectors viz. PSU banks and pharma can positively surprise the participants. The broader indices too are showing sign of recovery but we’re seeing selective buying thus traders should maintain positive yet cautious approach while choosing stocks from the midcap and smallcap pack.

  • November 27, 2019 04:14 PM IST

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

    On the daily chart Nifty has formed an Inside bar today; for which the breakout level is at 12133. So fresh buy position can be initiated once the level of 12133 gets taken out. Subsequent target on the upside will be 12350. On the downside, the range of 12030-12000 will act as a key support zone for any minor degree dip.

  • November 27, 2019 04:13 PM IST

    Nagaraj Shetti, Technical Research Analyst, HDFC securities:

    After showing a minor profit booking from the highs of 12130 levels in the last session, the Nifty shifted into a smart upside bounce today and closed higher. A reasonable positive candle was formed today with gap up opening (body gap, not a western gap) and the Nifty closed near the high. This pattern could indicate a possibility of upside breakout in the Nifty above 12130 levels in the next 1-2 sessions.

    The short term trend of Nifty is positive and a sustainable move above 12,130 levels could lead towards 12,300 levels in a short time span.

  • November 27, 2019 03:33 PM IST

    Market Close: Benchmark indices ended at record closing high level on November 27 supported by buying in the auto, metal, IT and pharma stocks.

    Bank Nifty also ended at record high, while BSE Midcap gained 0.8 percent.

    At close, the Sensex was up 199.31 points or 0.49% at 41020.61, while Nifty was up 63 points or 0.52% at 12100.70. About 1210 shares have advanced, 1274 shares declined, and 209 shares are unchanged. 

    Yes Bank, UltraTech Cement, SBI, Maruti Suzuki and Hindalco Industries were among major gainers on the Nifty, while losers include Bharti Infratel, Cipla, L&T, ICICI Bank and ITC.

  • November 27, 2019 03:29 PM IST

    Sahaj Agarwal, Head of Derivatives, Kotak Securities:

    Nifty crossed and tested previous high of 12,103 in the index to make new all-time high levels. The underlying sentiment remains positive and we expect 12,200 to be conquered in the near term. For the next few weeks we expect positive bias to continue with pace of up-move to be very gradual. Strong support is seen at 11,840/11,700 on the downside; any meaningful correction is a good buying opportunity.

  • November 27, 2019 03:27 PM IST

    Rupee extends gains: The rupee extended the gains and trading near the day's high level at 71.35 per dollar.

  • November 27, 2019 03:15 PM IST

    Accelya Solutions India appointed Jose Maria Hurtado as executive director of the company w.e.f. November 27, 2019.

  • November 27, 2019 02:58 PM IST

    SBI Cards files for IPO, to issue up to 13.05 crore fresh shares worth Rs 500 crore via OFS in the IPO.