Stock market at new high, extends gains to sixth straight session


by mydhanush on 5 December 2023,  3 min read

Stock market at new high, extends gains to sixth straight session - Dhanush by Ashika

The Indian stock market registered yet another record high on December 5 despite subdued global cues. 

Benchmark Nifty extended gains to the sixth straight session to hit yet another all-time high. 


Around 1323 stocks advanced while 907 declined and 113 stocks remained unchanged.

Nifty added 139 points to the previous day’s stellar gains to trade above the 20,800-mark at 20,825. The Nifty Bank index also jumped nearly 2 percent to top the 47,000-mark for the first time.

Gains in Nifty was propelled by the PSU Bank index which gained 2 percent. The top gainers included Indian Overseas Bank which jumped over 3 percent. This was followed by State Bank of India and Bank of Baroda.

Market hits record high; factors which propelled markets higher

Buying was also seen in metal names including Adani Enterprises which surged over 7 percent. It was followed by Welspun Corp and Hindustan Zinc.

As the stock market edged higher to new levels, over 314 stocks have hit new 52-week high on BSE including names like Adani Ports, LT Foods, CESC, JK Cement, HPCL, BPCL, Sobha, BHEL, Mahindra & Mahindra and Axis Bank among others.

Top Nifty50 Gainers:

Company Name Last traded price (Rs) % Change
Adani Enterprises 2724 7.62
Adani Ports 941.05 7.10
State Bank of India 608.40 2.3
BPCL 471 2.06
Mahindra & Mahindra 1686.50 1.79
Source: NSE

Top Nifty50 Losers:

Company Name Last traded price (Rs) % Change
HCL Tech 1314.45 1.76
LTI Mindtree 5516.70 1.09
Bajaj Auto 6137.30 1.04
Infosys 1449.60 1.01
Divis Labs 3762.55 0.94
Source: NSE

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.

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