Sensex, Nifty50 end marginally lower, Nifty Bank closes at record high

Rupee Closing

The Indian rupee ended at 71.48 against the US dollar, higher by 25 paise compared to Monday's close of 71.73 a dollar.

Deepak Jasani, Head Retail Research, HDFC Securities:

Technically, while the Nifty has ended lower, the underlying trend remains up. Further upsides are likely once the immediate resistance of 12,132 is taken out. Crucial supports to watch for resumption of weakness are at 12,028-12,006.

Ajit Mishra, VP - Research, Religare Broking:
 
Going forward, announcement of key macro data (Q2FY20 GDP) later this week could induce some volatility in the markets. On the global front, hopes of a positive outcome of the US-China trade deal have heightened which will keep the market participants on edge. Besides, investors will keep an eye on currency and crude price movement. Since the markets are near all-time high we may witness consolidation going forward.

Tata Communications appointed Amur Swaminathan Lakshminarayanan as the managing director and chief executive officer of the company for a term of five years with effect from November 26, 2019.

Santosh Meena, Senior Analyst, TradingBells:

The market is likely to continue its bullish momentum where Nifty may head towards 12300/12500 levels in the coming days whereas Bank Nifty may head towards 32500/33000levels. In the downside 20-DMA of 11925 has become a strong base for the Nifty.

Vinod Nair, Head of Research at Geojit Financial Services:

Market elevated to a record high coupled with global cheer on trade deal and domestic earnings revival expectation. However, volatility ahead of derivative expiry, political drama and caution on upcoming GDP data led investors to book some profit. Rising foreign inflows and confidence that government will address the fiscal gaps through divestment can maintain the buoyancy in the market.

Stocks with 100-300% volumes rise - Wipro, Siemens, NIIT Tech, Berger Paints, Colgate Palmolive, ICICI Bank, and Oil India Ltd

Long Buildup - ICICI Bank, Bosch, HUL, Petronet LNG, HDFC Bank
 
Short Buildup – Colgate Palmolive, ICICI Prudential, Siemens, Ambuja Cements
 
Stocks at upper circuit – There are more than 200 stocks which were locked in upper circuit include names like Tejas Network, and Magma Fincorp.
 
Stocks at lower circuit - Edelweiss, Coffee Day, CG Power, Lakshmi Vilas, Reliance Infra, and Reliance Capital

Stocks hit their fresh 52-week highs - Divis Laboratories, ICICI Bank, Jubilant FoodWorks, RIL, Dr Reddy’s Laboratories, Adani Green, and Aavas Financiers.

Amit Shah, Technical Research Analyst with Indiabulls Ventures:

We have been maintaining our bullish stance on the Bank Nifty and have been guiding on fresh all-time highs for the index. Expect momentum to build further as the index sustains above all-time highs for few sessions. Index is likely to see swift moves going ahead.

Market Close: The benchmark indices failed to hold on the gains and ended lower after hitting a record highs in the morning session on November 26.

At close, the Sensex was down 67.93 points or 0.17% at 40821.30, while Nifty was down 36.10 points or 0.30% at 12037.70. About 1097 shares have advanced, 1403 shares declined, and 166 shares are unchanged. 

ICICI Bank, GAIL, Dr Reddys Laboratories, Tata Steel and IndusInd Bank were among major gainers on the Nifty, while losers were Zee Entertainment, Bharti Infratel, Bharti Airtel, Grasim Industries and JSW Steel.

Nifty Bank index ended in the green. All other sectoral indices closed in the red.

Brickwork Ratings has downgraded Mukand Engineers' fixed deposit rating to BER FC from BWR FB+ and cash credit rating downgraded from BWR B+ to BWR C.

Pivot Trend:

Rupee at day's high: The Indian rupee has extended the morning gains and trading at day's high level at 71.53 per dollar