Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sensex Ends 153 Points Higher; Kotak Mahindra Bank & HCL Tech Among Top Nifty Gainers
Mon, 29 Nov Closing

Sensex Ends 153 Points Higher; Kotak Mahindra Bank & HCL Tech Among Top Nifty Gainers

Indian share markets witnessed volatile trading activity throughout the day today and ended marginally higher.

Benchmark indices trimmed early losses and ended in green backed by IT and healthcare stocks, amid lingering worries over the emergence of the new Covid variant.

The BSE Sensex dipped to a low of 56,383 in early deals, and then rebounded and surged to a high of 57,627 - up 1,244 points from the day's low. Meanwhile, the NSE Nifty cracked to a low of 16,782 in opening deals and then pulled-back to a high of 17,161.

At the closing bell, the BSE Sensex stood higher by 153 points (up 0.3%), at 57,260 levels.

Meanwhile, the NSE Nifty closed higher by 28 points (up 0.2%).

Cipla and Divi's Lab were among the top gainers today.

BPCL and JSW Steel, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,098, up by 66 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.9% and 1.9%, respectively.

--- Advertisement ---
Rahul Shah's Lazy Millionaire Summit Is Now LIVE...

Discover the Master Key to Turning Every Market Crash to Your Advantage

Hurry up! Join in now...

Click Here to Join the Lazy Millionaire Summit
------------------------------

Sectoral indices ended on a negative note with stocks in the realty sector, power sector and oil & gas sector witnessing most of the selling pressure.

IT stocks and consumer durables stocks, on the other hand, witnessed buying interest.

Shares of Torrent Pharma and Rajesh Exports hit their respective 52-week highs today.

Asian stock markets ended on a negative note today.

The Hang Seng ended down by 1%, while the Shanghai Composite ended on a flat note. The Nikkei ended down by 1.6% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 115 points.

The rupee is trading at 75.10 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.7% at Rs 47,928 per 10 grams.

Crude oil prices gained today, recouping some losses after Friday's plunge of about US$10 a barrel.

Speaking of crude oil, India's #1 trader Vijay Bhambwani discusses when you should trade crude oil and natural gas, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

In news from the banking sector, Kotak Mahindra Bank was among the top buzzing stocks today.

Shares of Kotak Mahindra Bank rose as much as 4% to hit an intraday high of Rs 2,043.5 on the BSE after the private lender informed exchanges that the country's central bank, Reserve Bank of India (RBI) has given its approval to Life Insurance Corporation of India (LIC) for acquiring shares in the bank.

Equitymaster's Stock Screener: Identifying High-Potential Stocks Has Never Been this Easy

The RBI has given approval to LIC to increase its holding in the bank up to 9.99%. Currently, LIC owns 4.96% stake in Kotak Mahindra Bank.

While announcing reformed rules on the structure of private sector banks, the RBI had on Friday said that non-promoter shareholdings would continue to be capped at 10% for individuals and non-financial institutions.

The approval by the central bank will be valid for one year.

In an exchange filing, the bank said,

  • We wish to inform you that Kotak Mahindra Bank has received an intimation from Life Insurance Corporation of India stating that the Reserve Bank of India had granted its approval to UC, for increasing its holding in the bank up to 9.99% of the paid up equity share capital of bank.

LIC's raising of stake is subject to compliance with the provisions of the directions given by RBI in 2015 and required regulations by the market regulator.

The RBI norms mandate that every person or an entity who intends to make an acquisition in Private Banks of more than 5% stake, prior approval is needed from the central bank.

Kotak Mahindra Bank share price ended the day up by 2.4% on the BSE.

--- Advertisement ---
There is a new paradigm shift currently unfolding across the global economic landscape...

And at the heart of this massive SHIFT is...

INDIA!

India is on the verge of a multi-trillion-dollar rebirth that could potentially mint countless new millionaires...

If you are on the right side of this mega shift, then it could be your biggest opportunity to build potentially massive wealth over the long term.

Click here to find all the details...
------------------------------

Moving on to news from the cement sector...

Ambuja Cements, ACC Collaborate with IIT Delhi to Develop Low Carbon Cement

Ambuja Cements and ACC have partnered with the Indian Institute of Technology Delhi (IIT-D) to develop next-generation, calcined clay cements, a low carbon material to promote sustainable construction.

This academic collaboration will be implemented through a research project funded by Holcim Innovation Centre, Lyon, France.

It will comprise an in-depth scientific study into the influence of clinker, calcined clay and limestone on the performance of calcined clay cements.

The partnership aims to create next-generation low CO2 cement with more than 50% lower carbon emissions for Indian and international consumers.

Neeraj Akhoury, CEO Holcim India, and managing director & CEO, Ambuja Cements said,

  • Through our extensive R&D set up, we consistently strive to develop new 'low CO2' materials for the construction industry.

    Calcined clay cement is one such avenue to make a significant quantitative difference in the industry and further accelerate our 'sustainability drive'.

    Our academic partnership with IIT Delhi is a big step towards building a greener future and we are excited to collaborate with the best minds in the country.

Both the companies have also previously partnered with the Indian Institute of Technology Madras (IITM) to study 'optimized use of low CO2 binders with alternative reinforcements and the Indian Institute of Hyderabad (IITH) to develop 'smart sensing technology for continuous on-site strength evaluation of a concrete structure'.

These academic collaborations stem from the company's vision to reimagine how the world is built in order to make it greener, smarter, and more sustainable.

Shares of Ambuja Cements and ACC ended the day down by 0.6% and 0.8%, respectively.

Speaking of stocks, here is an illustration of the four phases that a stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these for stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.

If you're interested to know how a stock's life cycle can offer you the opportunity to make money in every phase, you can read about it in one of the recent editions of Profit Hunter: One Cycle That Defines Everything in the Markets

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Sensex Ends 153 Points Higher; Kotak Mahindra Bank & HCL Tech Among Top Nifty Gainers". Click here!

  

Stock Market Updates

Sensex Extends Fall, Slumps 1,500 Points; Bajaj Finance, Tech Mahindra and Tata Steel Plunge 5% (Today's Market)

Jan 24, 2022 01:30 pm

The BSE Sensex fell over 1,500 points while the NSE Nifty dipped to 17,150-mark.

Sensex Tanks 650 Points Tracking Weak Global Cues, Nifty Below 17,450; Metal & IT Stocks Bleed (Today's Market)

Jan 24, 2022 10:30 am

Indian share markets follow global cues and trade lower. The BSE Sensex is down 540 points, while the Nifty is trading lower by 181 points.

SGX Nifty Down 122 Points; Indicates Gap-Down Opening for Indian Stock Markets (Today's Market)

Jan 24, 2022 SGX Nifty

Trends on SGX Nifty indicate a gap-down opening for Indian stock markets.

SBI Life Insurance Quarterly Results, Vedanta's Bid for BPCL Stake, and Buzzing Stocks Today (Today's Market)

Jan 24, 2022 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Watch Out for these 4 Indian Companies Betting Big on EV Supply Chain(Views On News)

Jan 11, 2022

The upside in supply chain players could be huge but a delay in the transition to EVs, or any policy related hiccups could end the momentum.

These 5 Penny Stocks are Held by Rakesh Jhunjhunwala. Worth a Look?(Views On News)

Jan 18, 2022

Rakesh Jhunjhunwala is holding these penny stocks in his portfolio for several years now.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

Time to Buy Energy Stocks(Fast Profits Daily)

Jan 14, 2022

Energy is a sector that looks set to take off. It's time to get in.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jan 24, 2022 (Close)

MARKET STATS