Closing Bell: Sensex up 111 pts, Nifty above 26,200 after hitting new highs; oil & gas, realty, PSU Banks top drags

Indian equity indices ended on a positive note with Nifty above 26,200 in the volatile trade on November 27. At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Indian equity indices ended on a positive note with Nifty above 26,200 in the volatile trade on November 27. At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

The Nifty index opened on a positive note, registered a fresh lifetime high of 26,310, and eventually settled flat at 26,216. On the daily chart, Nifty has formed a small red candle near the trendline resistance, indicating profit booking at higher levels.

In the near term, the immediate hurdle for the index is placed at 26,310. A sustained breakout above this level may lead to further upside toward 26,500–26,800. On the downside, 26,000 and 25,840 will act as crucial support zones.

The Bank Nifty index opened on a strong footing and continued its upward momentum, marking a new lifetime high near 59,867 before closing on a bullish note at 59,737. The Bank Nifty index witnessed mild profit booking near the trendline resistance; however, it still managed to form a bullish candle, indicating underlying strength.

As long as Bank Nifty holds above 59,400, the ongoing rally could see an extension toward the 59,900-60,000 marks. Therefore, short-term traders are advised to maintain a buy-on-dips approach in Bank Nifty.

Indian markets have surged to fresh lifetime highs after 14 months, driven by key factors that have strengthened sentiment and supported a broad-based rally. The Nifty has crossed 26,310 and the Sensex has moved above 86,000 for the first time, reflecting strong domestic resilience despite global uncertainty.

A major driver has been the steady flow of domestic investments, with SIP inflows, retail participation and robust liquidity providing a strong cushion against foreign outflows.

India’s stable macroeconomic environment—marked by controlled inflation, healthy forex reserves and steady growth—has further boosted confidence at a time when other major economies face rate pressures and recession risks. Also highlight improving earnings momentum, with strong Q2 results, rising profitability and supportive government policies strengthening the corporate outlook for the coming quarters.

Finally, after nearly a year of consolidation and relative underperformance, Indian valuations have moderated, making large caps more attractive and drawing renewed foreign interest. Together, these factors have created a favourable setup for the indices to break past previous highs and sustain a positive trajectory.

The index remained sideways after a positive start, ending the day almost unchanged. On Thursday, the Nifty registered a new all-time high after 14 months, but the breakout was muted, and the index moved sideways thereafter.

The short-term trend, however, remains positive, with the index trading comfortably above all major moving averages. The RSI is in a bullish crossover, and the higher-top, higher-bottom structure appears intact, confirming an ascending chart pattern.

On the lower end, support is placed at 26,000; until this level is breached, the index may move towards 26,440/26,580. A buy-on-dips approach would be a better strategy, as some consolidation in the near term is expected after the recent sharp up-move.

After witnessing an excellent breakout on Wednesday, Nifty shifted into a consolidation at the new all-time highs on Thursday and closed the day higher by 10 points amidst volatility. After opening on a positive note, the market registered a new all-time high at 26310 levels in the early part of the session. It later failed to gather momentum at the new highs and slipped into minor weakness amidst range bound action.

A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates a consolidation movement in the market post breakout.

This market action also suggests some more choppy movement for the short term before showing another round of sharp upmove in the near-term. Immediate support is placed at 26100-26050. Next upside levels to be watched around 26600.

Today, the Indian equities ended slightly higher, after a volatile trading day. The Nifty 50 stayed just below its recent record high, while the Sensex also closed almost flat. The market cooled off mainly due to profit booking at higher levels, even though overall sentiment remained positive.

After a strong rally in the previous session, investors used the early move toward record highs to book profits. Private banks and financial services were the standout performers, helped by strong credit demand and consistent institutional inflows, but selling in IT, and energy stocks offset those gains.

Global markets offered a supportive backdrop, with optimism around possible interest rate cuts and firm sentiment in the US and Asia. Expectations of strong FY26 growth, healthy economic indicators and steady domestic flows helped markets absorb intraday volatility. Markets may stay range bound but slightly positive as indices consolidate near all time highs ahead of GDP data and central bank commentary.

Financials may continue to lead, though investors will watch for any stress in unsecured loans or rural demand. Global yields, crude prices and rate cut signals will influence whether the market can break above recent highs.

Indian equities briefly touched uncharted territory today, with the Sensex crossing 86,000 and the Nifty surging past 26,300 for the first time before profit-taking dragged both indices off their highs.

This move confirms the market’s entry into a new bull cycle. With both global and domestic interest rates expected to fall more sharply than earlier anticipated, we foresee a supportive liquidity environment, a bond rally and a gradually strengthening rupee. In this backdrop, investors should position portfolios for a falling rate cycle adding duration in government bonds and increasing exposure to rate-sensitives such as banks, NBFCs and real estate, while paring USD-heavy positions and near-term defensives.

The broad-based strength across Nifty 500 names further reinforces our view that staying aligned with the trend will be rewarding over the next two years.

The benchmark index Nifty scaled a fresh all-time high on Thursday, marking a significant milestone after a gap of 14 months. However, the excitement was short-lived as the index faced mild profit booking soon after hitting the record level. In the final hour of trade, buying interest resurfaced, helping Nifty recover partially and close above the 26200 mark with a modest gain of 0.04%. On the daily chart, the index has formed a high-wave candle, a classic sign of indecision at elevated levels, indicating that the market is at a critical juncture where bulls and bears are battling for dominance.

Among the Nifty constituents, Bajaj Finance and ICICI Bank emerged as the top gainers, while Adani Enterprises and Eicher Motors were the biggest losers. Sectoral performance was mixed, with Nifty Media and Nifty Financial Services leading the gains, whereas Nifty Realty and Nifty Consumer Durables ended in the red. Interestingly, Thursday was a landmark day for multiple indices as Nifty Bank, Nifty Private Bank, Nifty Financial Services, Nifty Auto, and Nifty Infra also clocked fresh record highs, signalling strength in select pockets.

The broader market, however, painted a different picture. The Nifty Midcap 100 index managed to hit a new all-time high, reflecting continued interest in mid-sized companies, while the Nifty Smallcap 100 closed lower, highlighting caution in the smallest segment of the market. The advance-decline ratio tilted sharply in favour of decliners, with 312 stocks from the Nifty 500 universe ending in the red, indicating underlying weakness despite headline gains.

Nifty View

Going ahead, the zone of 26300-26330 will act as an important hurdle for the index. Any sustainable move above the 26330 level will lead to a sharp upside rally upto the 26500 in the short term. While on the downside, the zone of 26090-26060 will act as crucial support for the index.

Bank Nifty View

The banking benchmark index, Bank Nifty, has also marked a fresh all-time high on Thursday. Considering the current chart structure, the index is likely to continue its northward journey and test the 60100, followed by 60500 in the short term. While on the downside, the zone of 59400-59300 will act as important support for the index.

Indian markets steadied after a volatile session where both the Nifty and Sensex briefly touched record highs before profit booking ensued. Throughout the year, retailers emerged as the primary investors. However, the overall market performance fell short of expectations, prompting a shift towards de-risking by year-end.

Market participants are now keenly watching tomorrow’s GDP print, along with key events such as the US-India deal and the RBI policy meeting. These factors will play a crucial role in determining the near-term direction for equities.

Indian rupee ended marginally lower at 89.30 per dollar on Thursday versus previous close of 89.27.

Indian equity indices ended on a positive note with Nifty above 26,200 in the volatile trade on November 27.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55. About 1900 shares advanced, 2073 shares declined, and 167 shares unchanged.

On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil & gas, realty, consumer durables, energy down 0.5% each.

Bajaj Finance, HUL, Bajaj Finserv, ICICI Bank, Shriram Finance were among major gainers on the Nifty, while losers were Eicher Motors, ONGC, Eternal, Maruti Suzuki, Bajaj Auto.

BSE Midcap index ended flat, while smallcap index fell 0.4%.

#1 Growth and valuations relative to sector seem disconnected

#2 Volatility in earnings masks an otherwise reasonable growth, impacting valuations

#3 Expect a strong recovery over the next 4 quarters

Patel Engineering Company was quoting at Rs 37.99, up Rs 4.83, or 14.57 percent.

It has touched an intraday high of Rs 38.74 and an intraday low of Rs 35.08.

It was trading with volumes of 22,203,045 shares, compared to its five day average of 199,160 shares, an increase of 11,048.37 percent.

In the previous trading session, the share closed up 3.88 percent or Rs 1.24 at Rs 33.16.

The share touched a 52-week high of Rs 59.50 and a 52-week low of Rs 31.60 on 16 December, 2024 and 25 November, 2025, respectively.

Currently, the stock is trading 36.15 percent below its 52-week high and 20.22 percent above its 52-week low.

Market capitalisation stands at Rs 3,207.78 crore.

#1 Model a steady 17 percent NTV CAGR for India consumer services business

#2 Model 33 percent NTV CAGR for international business over FY25-28

#3 India consumer services business can post adjusted EBITDA CAGR of 38 percent over FY25-28

#4 Insta help business will require investment

The Sensex was up 40.72 points or 0.05 percent at 85,650.23, and the Nifty was down 14.85 points or 0.06 percent at 26,190.45. About 1778 shares advanced, 1981 shares declined, and 156 shares unchanged.

After nearly 14 months of consolidation, the Nifty 50 has broken out to new highs, supported by broad-based strength in large caps and improving market sentiment.

The Nifty Midcap has also touched record levels, signalling wider participation beyond index heavyweights. The rally has been reinforced by expectations of rate cuts from both the RBI and the US Federal Reserve - a shift that improves visibility for interest-rate-sensitive sectors and could trigger renewed FPI inflows.

Alongside this, early signs of an earnings recovery from Q3 - supported by GST rationalisation and improving rural demand - are improving confidence in the earnings cycle. Optimism around a potential trade agreement boosting export-linked sectors has further strengthened sentiment. Together, these factors are driving investors to move beyond selective positioning and reposition portfolios for a more broad-based market upcycle.

Scandron, a subsidiary of Magellanic Cloud, has received a work order from Resonia, a Vedanta group company.

The work order involves the use of drones for cargo transportation, as part of ongoing initiatives to improve efficiency and enhance operational capabilities in the relevant sector.

The total value of the contract is approximately Rs 3 crores for execution of Phase-I, covering a quantity of 500 MT. The execution of the additional 1,500 MT (Phase-II) valued approximately Rs 9 crore shall be considered upon successful completion of Phase-I.

Tata Elxsi today announced a strategic partnership with Druid Software. This collaboration brings together end-to-end expertise in 5G networks, offering enterprises a powerful ecosystem to accelerate digital transformation through xG-Force, Tata Elxsi’s Lab-as-a-Service (LaaS) platform.

Devyani International was quoting at Rs 137.20, down Rs 2.00, or 1.44 percent.

It has touched an intraday high of Rs 140.55 and an intraday low of Rs 135.10.

It was trading with volumes of 5,132,895 shares, compared to its five day average of 98,445 shares, an increase of 5,113.97 percent.

In the previous trading session, the share closed down 0.36 percent or Rs 0.50 at Rs 139.20.

The share touched a 52-week high of Rs 209.65 and a 52-week low of Rs 130.05 on 06 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 34.56 percent below its 52-week high and 5.5 percent above its 52-week low.

Market capitalisation stands at Rs 16,915.01 crore.

#1 Expect an improved performance in H2

#2 New product launches to support growth

#3 Upgrade the stock as worst is behind & valuation is attractive

#4 Valuation at 29x FY27 EPS, lower than 10-year average multiple of 32x

#1 Loan growth to stay above sector average

#2 Asset quality is improving & NIM will bottom in Q3

#3 With valuation at 12x FY27e PE, risk-reward looks attractive

Indian rupee is trading flat at 89.26 per dollar against previous close of 89.27.

Tata Consultancy Services (TCS) have signed a five-year deal to drive enterprise-wide Cloud and Generative AI transformation. SAP is on a journey to transform its operations through accelerated Cloud adoption and Business AI enablement driving greater speed and efficiency.

In line with this vision, TCS will help SAP in streamlining its complex IT landscape, enabling seamless IT operations, and strengthening AI-led capabilities.

The collaboration will deliver faster development cycles, lower total cost of ownership, and greater alignment between IT and business goals.

The company has launched the electric SUV Mahindra BE 6 Formula E Edition, priced at Rs 23.69 lakh, while the FE3 edition with add-on features is priced at Rs 24.49 lakh.

Mahindra and Mahindra was quoting at Rs 3,673.15, down Rs 12.25, or 0.33 percent.

It has touched an intraday high of Rs 3,724.65 and an intraday low of Rs 3,665.50.

It was trading with volumes of 93,855 shares, compared to its five day average of 92,726 shares, an increase of 1.22 percent.

In the previous trading session, the share closed up 0.43 percent or Rs 15.95 at Rs 3,685.40.

The share touched a 52-week high of Rs 3,780.20 and a 52-week low of Rs 2,360.45 on 12 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 2.83 percent below its 52-week high and 55.61 percent above its 52-week low.

Market capitalisation stands at Rs 456,766.79 crore.

Umiya Buildtek, a subsidiary of Umiya Buildcon Limited, has successfully acquired a prime land parcel admeasuring approximately 20,000 sq. ft. in Bengaluru’s Central Business District (CBD), off Cunningham Cross Road.

Cyient and CNH Construction Equipment segment have reinforced their strategic partnership, focusing on delivering advanced perception and automation capabilities across multiple vehicle platforms.

Bank Of Baroda was quoting at Rs 286.60, down Rs 1.75, or 0.61 percent.

It has touched an intraday high of Rs 290.05 and an intraday low of Rs 286.20.

It was trading with volumes of 5,323,435 shares, compared to its five day average of 427,218 shares, an increase of 1,146.07 percent.

In the previous trading session, the share closed up 0.33 percent or Rs 0.95 at Rs 288.35.

The share touched a 52-week high of Rs 294.95 and a 52-week low of Rs 190.70 on 20 November, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 2.83 percent below its 52-week high and 50.29 percent above its 52-week low.

Market capitalisation stands at Rs 148,211.24 crore.

Canara Bank was quoting at Rs 150.60, up Rs 0.40, or 0.27 percent.

It has touched an intraday high of Rs 151.80 and an intraday low of Rs 149.80.

It was trading with volumes of 21,032,326 shares, compared to its five day average of 993,654 shares, an increase of 2,016.67 percent.

In the previous trading session, the share closed up 1.04 percent or Rs 1.55 at Rs 150.20.

The share touched a 52-week high of Rs 152.50 and a 52-week low of Rs 78.58 on 26 November, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 1.25 percent below its 52-week high and 91.65 percent above its 52-week low.

Market capitalisation stands at Rs 136,604.01 crore.

1.5 crore shares (11.8% equity) of Whirlpool of India change hands via block deal

Happiest Minds Technologies announced the launch of ELAIRA, an intelligent digital co-worker designed to transform enterprise support operations.

ELAIRA, which stands for Empowered & Logical Agentic AI-assistance with Retrieval Augmentation, is fully integrated with ELLIPSE 2.0, the company’s proactive operations intelligence platform.

Happiest Minds Technologies was quoting at Rs 498.35, down Rs 2.45, or 0.49 percent.

It has touched an intraday high of Rs 504.95 and an intraday low of Rs 496.25.

It was trading with volumes of 19,848 shares, compared to its five day average of 31,327 shares, a decrease of -36.64 percent.

In the previous trading session, the share closed up 0.59 percent or Rs 2.95 at Rs 500.80.

The share touched a 52-week high of Rs 787.15 and a 52-week low of Rs 486.55 on 03 December, 2024 and 08 October, 2025, respectively.

Currently, the stock is trading 36.69 percent below its 52-week high and 2.43 percent above its 52-week low.

Market capitalisation stands at Rs 7,588.62 crore.

#1 Demand environment remains steady but skewed towards cost-takeout deals

#2 Weak macro & AI-led deflation may impact growth in the near term

#3 Company expects AI to be net positive over long term

#4 Rising revenue/employee, improving pricing & lower 3rd party costs will support margin

#5 Company expects FCF conversion to remain above 100 percent in FY26

The Sensex was up 130.20 points or 0.15 percent at 85,739.71, and the Nifty was up 13.45 points or 0.05 percent at 26,218.75. About 1824 shares advanced, 1834 shares declined, and 168 shares unchanged.

Nifty at a new peak shows what steady earnings and steady hands can achieve.

Nifty crossing an all-time high reflects strong market confidence and steady economic momentum. Such milestones show that trends are shaped by patience, discipline and data, not short-term noise.

Credit goes to the government, policymakers and retail investors who have supported the economy through uncertainties. It is truly a moment to celebrate.

#1 Reiterated aspiration of double-digit P&A

#2 Maharashtra’s uncertainty remains a key concern

#3 Saw strong gross margin expansion in H1 & there are more potential tailwinds

#4 Some new segments showing rapid scale-up

#1 Well-positioned in growth categories and growth channels

#2 Salt has headroom for growth driven by market share gain and premiumisation

#3 Near-term margin improving from lower input costs

Sterling and Wilson Renewable Energy has won its second international project from South Africa this fiscal.

The company has been awarded a turnkey EPC contract for a 240 MW AC Solar PV project in South Africa. The total value of the contract is approximately USD 147 million (~ Rs 1,313 crore).

CarTrade Tech had informed that it was in preliminary discussions with Girnar Software regarding a potential consolidation opportunity in the automotive classifieds businesses (CarDekho and BikeDekho) in India.

However, both the parties have mutually decided not to proceed with the proposed transaction at this stage. Accordingly, the transaction is not being pursued for now.

Equity benchmarks scaling fresh record highs are being powered by resilient domestic inflows, improving global risk appetite, and renewed optimism around Q3FY26 earnings. While the undertone remains constructive, we expect only a measured upside from current levels likely limited to a few percentage points in the near term.

Investors should guard against over-enthusiasm or ‘FOMO buying’, as the rally continues to be narrow. A large part of the mid-cap and small-cap universe including several sector leaders remains in a corrective or fragile zone despite headline indices hitting all-time highs.

Sustaining the next leg of the rally will depend on a meaningful earnings recovery, stability in global macros, and continued domestic participation. We advise a selective, quality-focused approach rather than chasing momentum at elevated levels.

On technical prospective 26445 is the next resistance with support at 25980 levels and both acts as make or break levels.

Samvardhana Motherson International was quoting at Rs 115.00, up Rs 3.20, or 2.86 percent.

It has touched an intraday high of Rs 115.90 and an intraday low of Rs 111.90.

It was trading with volumes of 934,100 shares, compared to its five day average of 576,318 shares, an increase of 62.08 percent.

In the previous trading session, the share closed up 1.41 percent or Rs 1.55 at Rs 111.80.

The share touched a 52-week high of Rs 116.33 and a 52-week low of Rs 71.53 on 06 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 1.14 percent below its 52-week high and 60.77 percent above its 52-week low.

Market capitalisation stands at Rs 121,376.09 crore.

General Insurance Corporation of India was quoting at Rs 385.25, down Rs 7.60, or 1.93 percent.

It has touched an intraday high of Rs 395.45 and an intraday low of Rs 384.65.

It was trading with volumes of 21,145 shares, compared to its five day average of 18,036 shares, an increase of 17.24 percent.

In the previous trading session, the share closed up 2.83 percent or Rs 10.80 at Rs 392.85.

The share touched a 52-week high of Rs 525.00 and a 52-week low of Rs 345.05 on 20 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 26.62 percent below its 52-week high and 11.65 percent above its 52-week low.

Market capitalisation stands at Rs 67,588.26 crore.

The Board has approved the merger of the company’s subsidiary Hinduja Leyland Finance into NDL Ventures.

Hinduja Leyland Finance shareholders will receive 25 equity shares of NDL Ventures for every 10 shares held.

US futures remain tightly rangebound while Asian equities keep the winning streak going for a fourth day. Nikkei jumps more than 1% and other regional indexes follow suit with slightly smaller gains.

HDFC Bank was quoting at Rs 1,011.90, up Rs 8.05, or 0.80 percent.

It has touched an intraday high of Rs 1,016.85 and an intraday low of Rs 1,001.00.

It was trading with volumes of 1,342,181 shares, compared to its five day average of 1,037,567 shares, an increase of 29.36 percent.

In the previous trading session, the share closed up 1.41 percent or Rs 14 at Rs 1,003.85.

The share touched a 52-week high of Rs 1,020.35 and a 52-week low of Rs 812.13 on 23 October, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 0.83 percent below its 52-week high and 24.6 percent above its 52-week low.

Market capitalisation stands at Rs 1,556,279.76 crore.

The company has received an order worth of Rs 7,96,50,000 (inclusive of GST) from Kirloskar Oil Engines, for supply of fish

liner boring & deck face milling SPM Machine.

The electrical equipment manufacturer has received board approval for acquiring a 26% stake in Kundan Solar (Pali), a special purpose vehicle (SPV) established for developing, installing, operating, managing, and maintaining a solar power plant. The cost of acquisition is Rs 5.63 crore.

With this acquisition, the company aims to reduce dependence on fossil fuels and move toward green energy. Kundan Solar will set up a 15 MWac solar power plant, and Havells plans to enter into a long-term Power Purchase Agreement (PPA) of up to 25 years.

Havells India was quoting at Rs 1,433.20, down Rs 6.30, or 0.44 percent.

It has touched an intraday high of Rs 1,443.00 and an intraday low of Rs 1,431.00.

It was trading with volumes of 9,453 shares, compared to its five day average of 87,246 shares, a decrease of -89.17 percent.

In the previous trading session, the share closed up 1.39 percent or Rs 19.70 at Rs 1,439.50.

The share touched a 52-week high of Rs 1,782.75 and a 52-week low of Rs 1,360.05 on 13 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 19.61 percent below its 52-week high and 5.38 percent above its 52-week low.

Market capitalisation stands at Rs 89,853.29 crore.

The company has entered into agreement for sale with Ashoka Builders India for sale of the company’s freehold land which was converted from leasehold land to freehold land by execution of Deed of Sale/Conveyance situated at Azamabad Industrial Area, Azamabad, Hyderabad, Telangana admeasuring about 18,311.57 Sq. Yards equivalent to 15,310.80 Sq. Mtrs

for a total sale consideration of Rs 173.96 crore and out of that the company has received an advance of Rs.100 Crores (One

Hundred Crores only) from M/s. Ashoka Builders India.

Granules Pharmaceuticals, Inc., a wholly owned foreign subsidiary of Granules India, has incorporated a wholly owned subsidiary (WOS), namely “Granules Pharmaceuticals Canada, Inc.” in Canada on November 26, 2025.

Granules India was quoting at Rs 552.50, up Rs 6.50, or 1.19 percent.

It has touched an intraday high of Rs 552.50 and an intraday low of Rs 543.00.

It was trading with volumes of 12,276 shares, compared to its five day average of 23,390 shares, a decrease of -47.52 percent.

In the previous trading session, the share closed down 0.24 percent or Rs 1.30 at Rs 546.00.

The share touched a 52-week high of Rs 627.45 and a 52-week low of Rs 412.05 on 03 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 11.95 percent below its 52-week high and 34.09 percent above its 52-week low.

Market capitalisation stands at Rs 13,407.45 crore.

The Sensex was up 241.79 points or 0.28 percent at 85,851.30, and the Nifty was up 44.90 points or 0.17 percent at 26,250.20. About 1835 shares advanced, 1726 shares declined, and 174 shares unchanged.

Spot gold climbed to a nearly two-week high on Wednesday, settling above $4,160 per ounce, supported by a softer dollar and growing rate-cut expectations. Better-than-expected jobless claims did not alter the outlook, with markets still pricing in an 80% probability of a December Fed cut.

The dollar also remained soft amid reports that Kevin Hassett, a dovish candidate who favors lower rates, is expected to replace Powell. Today, gold is trading slightly lower below $4,150 amid mixed drivers, as renewed China–Taiwan tensions and expectations for a softer monetary policy outlook lend support, while potential progress toward a Russia-Ukraine peace deal may cap further upside.

WTI crude oil gained 1% and closed at a session high of $58.7/bbl on Wednesday as doubts grow over the likelihood of a formal Ukraine-Russia peace deal. European Commission Vice President Kallas said there was “zero indication” that Russia is ready for a ceasefire and noted that it has been “ramping up rather than winding down” its military machine.

Traders are also questioning whether any agreement can be reached while both sides continue to target energy infrastructure. Upside momentum was limited by a buildup in US crude and product inventories, driven partly by an increase in imports from the previous week. Today, oil prices edged slightly lower to $58.3/bbl as markets await clearer signals on the potential peace deal and remain cautious ahead of the OPEC+ meeting on Sunday, where the group is expected to leave output levels unchanged.

A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in Andhra Pradesh, the companies and the state's government said on Wednesday. Read More

The company’s subsidiary, Berger Paints Emirates, UAE, has proposed setting up its second paint manufacturing facility in the UAE with an investment of AED 140 million (approximately Rs 340 crore), having an initial capacity of 55,800 KL per annum.

Asian Paints was quoting at Rs 2,885.00, up Rs 9.95, or 0.35 percent.

It has touched an intraday high of Rs 2,913.00 and an intraday low of Rs 2,875.10.

It was trading with volumes of 29,434 shares, compared to its five day average of 40,053 shares, a decrease of -26.51 percent.

In the previous trading session, the share closed down 0.03 percent or Rs 0.75 at Rs 2,875.05.

The share touched a 52-week high of Rs 2,926.00 and a 52-week low of Rs 2,125.00 on 17 November, 2025 and 05 March, 2025, respectively.

Currently, the stock is trading 1.4 percent below its 52-week high and 35.76 percent above its 52-week low.

Market capitalisation stands at Rs 276,728.56 crore.

The company has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu (GoTN) through its nodal agency "Guidance". Guidance will extend necessary infrastructural support and regulatory facilitation. This reiterates the company’s commitment to invest in Tamil Nadu.

LG Balakrishnan and Brothers was quoting at Rs 1,892.75, up Rs 14.30, or 0.76 percent.

It has touched an intraday high of Rs 1,918.75 and an intraday low of Rs 1,866.80.

It was trading with volumes of 6,546 shares, compared to its five day average of 3,271 shares, an increase of 100.15 percent.

In the previous trading session, the share closed up 1.54 percent or Rs 28.55 at Rs 1,878.45.

The share touched a 52-week high of Rs 1,932.45 and a 52-week low of Rs 1,080.00 on 25 November, 2025 and 09 April, 2025, respectively.

Currently, the stock is trading 2.05 percent below its 52-week high and 75.25 percent above its 52-week low.

Market capitalisation stands at Rs 6,036.44 crore.

The company has received two Letters of Intent from Saidax Engineers and Infrastructure for the execution of excavation and associated works, and transportation of coal at a project located at Jhiria West OCP of Hasdeo area, Chhattisgarh, for South Eastern Coalfields (SECL).

The total project value is Rs 798.19 crore.

The Sensex was up 381.77 points or 0.45 percent at 85,991.28, and the Nifty was up 88.80 points or 0.34 percent at 26,294.10. About 1956 shares advanced, 1488 shares declined, and 181 shares unchanged.

Indian rupee is trading marginally higher at 89.24 per dollar against previous close of 89.27.

Gujarat Heavy Chemicals was quoting at Rs 584.90, up Rs 16.95, or 2.98 percent.

It has touched an intraday high of Rs 608.15 and an intraday low of Rs 568.00.

It was trading with volumes of 16,877 shares, compared to its five day average of 8,916 shares, an increase of 89.28 percent.

In the previous trading session, the share closed down 0.49 percent or Rs 2.80 at Rs 567.95.

The share touched a 52-week high of Rs 779.30 and a 52-week low of Rs 529.20 on 31 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 24.95 percent below its 52-week high and 10.53 percent above its 52-week low.

Market capitalisation stands at Rs 5,619.26 crore.

The company has received two contracts worth Rs 695.18 crore from Rail Vikas Nigam.

The project involves service support and procurement management for electrical and mechanical items for development of distribution infrastructure for loss reduction works, and erection work for distribution infrastructure development at Mandi, Bilaspur, Kullu, and Hamirpur operation circles in the central zone of HPSEBL.

#1 Company indicated that premium growth would continue to sustain around 30 percent

#2 Despite recent GST changes, company expects take rates to stay stable

#3 Premium growth & operating leverage will drive profit & cashflows

#4 Hospital network initiative is in early stages

Canara Bank was quoting at Rs 150.75, up Rs 0.55, or 0.37 percent.

It has touched an intraday high of Rs 151.50 and an intraday low of Rs 150.25.

It was trading with volumes of 11,534,705 shares, compared to its five day average of 993,654 shares, an increase of 1,060.84 percent.

In the previous trading session, the share closed up 1.04 percent or Rs 1.55 at Rs 150.20.

The share touched a 52-week high of Rs 152.50 and a 52-week low of Rs 78.58 on 26 November, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 1.15 percent below its 52-week high and 91.84 percent above its 52-week low.

Market capitalisation stands at Rs 136,740.07 crore.

Ashok Leyland was quoting at Rs 156.25, up Rs 7.30, or 4.90 percent.

It has touched a 52-week high of Rs 157.10.

It has touched an intraday high of Rs 157.10 and an intraday low of Rs 149.50.

It was trading with volumes of 6,266,182 shares, compared to its five day average of 1,162,107 shares, an increase of 439.21 percent.

In the previous trading session, the share closed up 2.16 percent or Rs 3.15 at Rs 148.95.

The share touched a 52-week high of Rs 153 and a 52-low of Rs 95.20 on 14 November, 2025 and 07 April, 2025, respectively.

Market capitalisation stands at Rs 91,778.98 crore.

Tata Power & Gujarat state govt likely agreed in-principle on a supplementary (Power Purchase Agreement) PPA

Tata Power may use Gujarat PPA as precedent for supplementary PPAs with other 4 states

Glenmark Pharmaceuticals has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its formulations manufacturing facility in Monroe, North Carolina (USA) with a Voluntary Action Indicated (VAI) status.

The inspection was conducted at the company’s manufacturing facility from 09 June to 17 June 2025. With this positive development, we will restart commercial manufacturing.

The company has acquired a land parcel of 24,256 square meters with a development potential of over 1.50 million square feet at Nagpur, Maharashtra, with a revenue potential of Rs 900 crore.

The company has acquired 1.21 lakh equity shares of Ganesha Ecosphere for Rs 11.28 crore.

The Board has approved raising equity share capital of up to Rs 750 crore in one or more tranches via Qualified Institutional Placement (QIP), and raising up to Rs 500 crore via non-convertible debentures on a private placement basis.

The AI-powered technology services and consulting company announced a strategic alliance with the Indian Institute of Science (IISc) and the Foundation for Science Innovation and Development (FSID) to collaborate on cutting-edge research and innovation across frontier technologies.

Wipro was quoting at Rs 251.45, up Rs 1.30, or 0.52 percent.

It has touched an intraday high of Rs 251.80 and an intraday low of Rs 249.25.

It was trading with volumes of 69,491 shares, compared to its five day average of 371,710 shares, a decrease of -81.31 percent.

In the previous trading session, the share closed up 1.77 percent or Rs 4.35 at Rs 250.15.

The share touched a 52-week high of Rs 324.55 and a 52-week low of Rs 225.05 on 23 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 22.52 percent below its 52-week high and 11.73 percent above its 52-week low.

Market capitalisation stands at Rs 263,630.84 crore.

The Sensex was up 300.86 points or 0.35 percent at 85,910.37, and the Nifty was up 71.75 points or 0.27 percent at 26,277.05. About 1928 shares advanced, 1270 shares declined, and 176 shares unchanged.

MOIL was quoting at Rs 344.65, up Rs 17.15, or 5.24 percent.

It has touched an intraday high of Rs 345.30 and an intraday low of Rs 332.

It was trading with volumes of 72,411 shares, compared to its five day average of 40,273 shares, an increase of 79.80 percent.

In the previous trading session, the share closed up 1.58 percent or Rs 5.10 at Rs 327.50.

The share touched a 52-week high of Rs 405.50 and a 52-week low of Rs 281.55 on 10 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 15.01 percent below its 52-week high and 22.41 percent above its 52-week low.

Market capitalisation stands at Rs 7,013.12 crore.

The company has received a purchase order for the supply of 11 transformers. The aggregate value of the order is Rs 91.26 crore.

Indo Tech Transformers was quoting at Rs 1,720, up Rs 23.55, or 1.39 percent.

It has touched an intraday high of Rs 1,758.80 and an intraday low of Rs 1,715.

In the previous trading session, the share closed up 0.86 percent or Rs 14.45 at Rs 1,696.45.

The share touched a 52-week high of Rs 3,792.90 and a 52-week low of Rs 1,540 on 09 January, 2025 and 07 August, 2025, respectively.

Currently, the stock is trading 54.65 percent below its 52-week high and 11.69 percent above its 52-week low.

Market capitalisation stands at Rs 1,826.64 crore.