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Indian Indices

I) Nifty: opened at 24274 and touched a high of 24345 then a low of 23873 and closed at 23914 with a total of - 360 points in Negative

II) Bank Nifty: open 52389 and touched a high of 52760 then a low of 51782 and closed at 51906 With a total of - 394 points Negative

III) Fin Nifty: open 24211 and touched a high of 24378 then a low of 23854 and closed at 23919 With a total of - 251 points in Negative

IV) Nifty Mid Select: open 12642 and touched a high of 12688 then a low of 12529 and closed at 12553 With a total of - 65 points in Negative

NSE Advance and Decline

Nifty 500 Top Gainer

Nifty 500 TOP LOSER

Sectoral Performance

Outperforming stocks vs nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

IndiaIndian Stock Market News: Key Highlights for November 28, 2024

Today's trading session in the Indian stock market showcased dynamic movements across various sectors, driven by corporate announcements, global cues, and investor sentiment. The market reflected a mix of optimism in growth-driven sectors and caution due to global uncertainties.

Sectoral and Stock Updates in the Indian Market

Real Estate and Infrastructure

• Godrej Properties: A ₹6,000 crore Qualified Institutional Placement (QIP) was announced to fund expansion plans, signaling strong confidence in the real estate sector. The move has reinforced investor faith in the Indian stock market's real estate landscape.

Energy and Renewables

• NTPC Green Energy: Post a successful IPO, the stock surged by 13%, aligning with increased investment in clean energy. Renewable energy remains a key growth area in the Indian market, driven by government incentives and global demand.

Healthcare and Pharmaceuticals

• Emcure Pharmaceuticals: Shares climbed 10%, buoyed by expectations of strong quarterly performance. This growth highlights the resilience of pharma stocks within the Indian stock market.

Automobiles and EVs

• Tata Motors: The stock gained traction as analysts forecast robust contributions from its EV segment, showcasing the growing importance of green mobility in the Indian market.

Corporate Developments

• Mergers and IPOs: Upcoming IPOs, such as Enviro Infra Engineers and Abha Power and Steel, have sparked interest among investors. Meanwhile, merger rumors in IT and pharma boosted mid-cap stocks like Mastek, adding excitement to the Indian stock market news.

Global Influence and Market Sentiment

• Mixed signals from global markets impacted trading. Nasdaq volatility boosted Indian IT stocks, but concerns about U.S. Federal Reserve policies and Adani Group controversies weighed on sentiment.

Market Gainers and Losers

• Top Gainers: NTPC Green Energy, Tata Motors, and Emcure Pharmaceuticals.
• Top Losers: Adani Green Energy and other Adani group stocks, affected by Moody's downgrade to a "negative" outlook.

Conclusion

The Indian stock market news for November 28, 2024, highlights sector-specific growth in renewable energy, real estate, and pharmaceuticals. While IPO activities and corporate developments keep the market vibrant, broader uncertainties temper overall sentiment. Looking ahead, upcoming corporate announcements and macroeconomic data will be crucial in determining the Indian market's trajectory for December.

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