Sensex, Nifty end in the green; PSU banks drops

Sensex, Nifty end in the green; PSU banks drops 1.5 percent, while pharma, capital goods, realty and oil & gas indices added 1-1.5 percent each.

The Indian stock market closed in the green on November 30 with Sensex up 86.53 points or 0.13 percent at 66,988.44, and the Nifty added 36.60 points or 0.18 percent at 20,133.20. About 1838 shares advanced, 1752 shares declined, and 130 shares unchanged. 

On the sectoral front PSU Bank index dropped 1.5 percent, while pharma, capital goods, realty and oil & gas indices added 1-1.5 percent each.

BSE Midcap index gained 0.8 percent and smallcap index rose 1 percent.

Top PSU Bank losers:

Indian Bank – 6.04%

Union Bank of India – 2.27%

Bank of India – 1.98%

Punjab National Bank – 1.58%

Top Pharma gainers:

Alkem Labs – 4.44%

Granules India – 3.58%

Lupin – 2.85%

Aurobindo Pharma – 2.31%

Top Nifty50 Gainers:

Stock name	Last traded price (Rs)	% change
UltraTech Cement	9004	3.11
HDFC Life Insurance	692	2.42
Apollo Hospitals	5549	2.34
Bharti Airtel	1015.15	1.98
Sun Pharma	1225.5	1.94

Top Nifty50 Losers:

Stock name	Last traded price (Rs)	% change
Adani Enterprises	2365.50	1.3
IndusInd Bank	1468	1.05
Adani Ports	827.20	1.00
LTI Mindtree	5535	0.96
Reliance Industries	2379	0.90

Asian markets end in the green

Japan’s Nikkei 225  rose 0.33 percent, with the Topix up by 0.3 percent. South Korea’s Kospi rose 0.12 percent.The small-cap Kosdaq gained 0.52 percent after the monetary policy decision. In Australia, the S&P/ASX 200 climbed 0.74 percent and closed at 7,087.3, marking three straight days of gains.

European markets trade mixed

European markets showed an upward trend in their opening. FTSE was up 0.45 percent at 7,456.89 and CAC added 0.16 percent at 7,279.22. DAX gained 0.21 percent at 16,200.98 mark.

Oil inches up, all eyes on OPEC+ meeting outcome

Oil prices were little changed on Thursday as investors eagerly awaited the outcome of an anticipated OPEC+ meeting that could lead to deeper supply cuts in 2024.

Brent crude futures for January climbed 70 cents to $83.80 a barrel, on subdued volumes given the contract is meant to expire today. The more active February contract was up 58 cents at $83.46 a barrel.

Most active stocks on NSE in terms of volumes:

Tata Tech joins top 7 stocks with highest listing-day returns

The Tata Technologies stock surged around 168 percent from its issue price, making it the seventh highest-listed company in India. The stock opened with a 140 percent premium and traded at Rs 1,334 on the BSE, up 168 percent from its issue price, within minutes.

The IPO had garnered heavy interest from all categories of investors, with over 73.38 lakh total applications. The public offer was subscribed 69.43 times, with the quota reserved for qualified institutional buyers (QIBs) getting booked a record 203.41 times.

_{Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.}