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Published 07:27 IST, November 29th 2024

Stock Market LIVE: Sensex Stages Recovery, Surges 600 Pts As Sun Pharma Leads

Stock Markets Today: Stay updated with the latest live news and insights from the Indian stock markets! Get real-time updates on Sensex, Nifty, top gainers, top losers, and more.

Reported by: Business Desk
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Stock Market | Image: Republic Business

After a mid-day downturn in markets on Thursday, the Indian bourses opened in green on the last trading day of the week on Friday November 29, with Sun Pharma, HUL, Adani Ports, and the oversold Mahindra & Mahindra taking the lead in the first few minutes of the market opening. 

Live Blog

Stock Markets Today: Stay updated with the latest live news and insights from the Indian stock markets! Get real-time updates on Sensex, Nifty, top gainers, top losers, and more.


14:54 IST, November 29th 2024

Adani Power: Gautam Adani's Company Awards Rs 510 Crore Contract

Gautam Adani’s Adani Power has awarded a Rs 510 crore order to Power Mech Projects, an infrastructure-construction company based in Hyderabad, related to the performance of mechanical construction works for its Raipur Thermal Power Project.


14:25 IST, November 29th 2024

ITC Acquires 100% Stake in GHL

TC Stake Update: FMCG giant ITC has acquired the entire stake in Greenacre Holdings Limited (GHL), the company said in an update. GHL is engaged in property infrastructure maintenance, and providing engineering, procurement, construction management and project management consultancy services.



14:24 IST, November 29th 2024

Adani Power Awards Rs 510 Cr Project To Power Mech Projects

Gautam Adani’s Adani Power has awarded a Rs 510 crore order to Power Mech Projects, an infrastructure-construction company based in Hyderabad, related to the performance of mechanical construction works for its Raipur Thermal Power Project.


13:52 IST, November 29th 2024

BMW Motorrad To Hike Prices By Up To 2.5% From Jan

BMW Motorrad, the two-wheeler division of the German automaker BMW, on Friday said it will hike prices of its entire model range up to 2.5 per cent from January 1, 2025.

The price correction is driven by rising overall input costs and inflation pressures, the company said in a statement.



13:10 IST, November 29th 2024

No Negative Actions So Far By Lenders, Investors On Adani: Crisil

Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman.


12:21 IST, November 29th 2024

Copper Futures Gain On Higher Spot Demand

Copper futures on Friday rose 0.26 per cent to Rs 809.50 per kilogram on the back of higher spot demand.

On the Multi Commodity Exchange, copper contracts for December delivery increased by Rs 2.10 or 0.26 per cent to Rs 809.50 per kg in a business turnover of 8,086 lots.



12:20 IST, November 29th 2024

Zinc Futures Decline On Weak Demand

Zinc prices on Friday fell 0.05 per cent to Rs 282.65 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for December delivery traded 15 paise or 0.05 per cent lower at Rs 282.65 per kg in 2,592 lots.


11:56 IST, November 29th 2024

Nomura Maintains Cautious Stance on NBFCs

“We have maintained a cautious stance on NBFCs for FY25 due to asset quality concerns (which in-turn would affect growth levels) since our outlook for NBFCs released in Jan’24 (Outlook 2024: NBFCs - At a crossroad ),” said the global brokerage firm in a report on November 29. 



11:53 IST, November 29th 2024

Broadening Weakness Continues In Q2 Earnings: Kotak Securities

“Q2 FY25 results of the BSE-500 Index companies suggest a protracted weakness, with revenues of the universe growing 8 per cent yoy, similar to the past six quarters. Margin compression from elevated levels of the prior quarter resulted in sharply lower EBITDA and PAT growth. Small-caps were hit harder than large-caps on net profit, resulting in sharper EPS cuts,” said Kotak Institutional Securities 
 


11:50 IST, November 29th 2024

Expect Stable Q2 Earnings For Specialty Chemical Companies: Emkay

“We expect stable Q2 results for specialty chemical companies due to relatively steady demand across discretionary applications and given small greenshoots of recovery in certain non-discretionary spends like agro and pharma,” said Emkay Global. 
 



11:15 IST, November 29th 2024

Adani Group Stocks Surge; Adani Green Jumps Nearly 15%

Shares of all 11 listed Adani Group firms rallied in morning trade on Friday, with Adani Green Energy surging nearly 15 per cent.

The stock of Adani Green Energy jumped 14.64 per cent, Adani Energy Solutions zoomed 13.54 per cent, Adani Total Gas climbed 7.33 per cent, Adani Power surged 4.90 per cent and NDTV soared 4.54 per cent on the BSE.


10:44 IST, November 29th 2024

Sensex Surges 600 Pts As Pharma Stocks Lead

The 30-share Sensitive Index surged as much as 654 points or 0.83 per cent led by strong gains in Sun Pharma, Bharti Airtel, Mahindra & Mahindra, and Adani Ports. 



09:58 IST, November 29th 2024

Market Calls For Strict Stop Loss: Nirmal Bang

“Nifty has an immediate resistance at 24000. If nifty closes above that, further upside can be expected towards 24070-24140 mark. On the flip side 23840-23770 will act as strong support levels. It’s a stock specific market trade calls with strict stop loss,” Nirmal Bang said in the morning newsletter. 


09:58 IST, November 29th 2024

Pharma, Heathcare Sectors Leading Markets

In terms of sectoral indices, only Fast Moving Consumer Goods and real estate indices were trading in red while Nifty Pharma and Nifty Healthcare were the biggest gainers with over a per cent surge in the morning trade.

Apart from pharma stocks, Oil & Gas Index and PSU Bank index were also showing strong positive move. 



09:19 IST, November 29th 2024

Sensex, Nifty Open in Green, IT Stocks Continue Downward Move

After a mid-day downturn in markets on Thursday, the Indian bourses opened in green on the last trading day of the week of November 29, with SunPharma, HUL, Adani Ports, and the oversold Mahindra & Mahindra taking the lead in the first few minutes of the market opening.

However, IT majors including Tech Mahindra, TCS, Infosys, and HCL Technologies were among the top losers in the initial trade. 


08:25 IST, November 29th 2024

Commercial Vehicles Sales To Grow, Others Subdued: Nuvama

“Nov-24 wholesales are likely to be a mixed bag, with growth in CV and a muted performance in other segments, due to high base on account of timing of the festive period (notable portion of festive period was in November last year). Within CV, all OEMs are likely to do well, with a pickup in freight availability/infra activity given easing of monsoons and a favourable base. In 2W, we reckon TVSL shall outpace peers. Furthermore, in PV, we forecast MM shall post double-digit growth and outperform the industry,” said Nuvama. 



07:49 IST, November 29th 2024

Australia Bans Social Media For Under-16s

A social media ban for children under 16 passed the Australian Parliament on Friday in a world-first law. The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts, AP reported.


07:26 IST, November 29th 2024

Yen Surges To 150 Per Dollar

The yen jumped as much as 1 per cent to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month.



07:25 IST, November 29th 2024

S Korean Shares To Post Worst Month Since Jan

South Korean shares fell more than 2% on Friday and were set to end the month with their biggest drop since January on US tariff worries. 


07:24 IST, November 29th 2024

September Quarter GDP Growth Likely To Be Slowed

India's economy is expected to have slowed in the July-September quarter, growing at the slowest pace in 18 months, weighed down by weak urban consumption following a rise in food prices despite an increase in government spending.

A Reuters poll of economists projected GDP growth of 6.5 per cent year-on-year for the three months through September, below the central bank's estimate of 7 per cent and 6.7 per cent in the previous quarter.


Updated 14:54 IST, November 29th 2024