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In a volatile session on November 27, the Sensex rose by 230.02 points to close at 80,234.08, while the Nifty gained 82.20 points, ending at 24,276.70. The rally was driven by gains in energy, auto, metal, and bank stocks, alongside a notable recovery in Adani Group shares, which surged by up to 12 percent. Despite some laggards like Titan Company and Wipro, market sentiment improved with indications of foreign institutional investors becoming net buyers.
The Sensex fell by 424.48 points (0.55%) to 77,153.90, while the Nifty dropped 165.10 points (0.70%) to 23,353.40 amid concerns over a $250 million bribery indictment against Gautam Adani and geopolitical tensions from the Russia-Ukraine conflict. Public sector banks and energy stocks were particularly hard hit, with 2,354 shares declining compared to 958 advancing. Analysts suggest that the combination of these factors is leading investors to adopt a cautious approach, further pressuring the markets.
Benchmark indices Nifty and Sensex continued their decline for the seventh consecutive session, with the Nifty dropping below 23,400 amid a significant downturn in IT stocks. Concerns over slower US interest rate cuts and rising import prices have shifted market sentiment from "buy the dip" to "sell on the rise." As of 10 am, the Sensex was down 390.49 points at 77,189.82, while 1,131 shares advanced and 2,132 shares declined.
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Indian markets gain modestly as Adani stocks rebound and autos rally
HINDALCO
Apollo Hospitals Enterprise Limited
Wipro Limited
Shriram Finance Limited
Titan Company Limited
IND
Ruchit Jain
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11:09 27.11.2024
Sensex and Nifty decline amid Adani bribery allegations and geopolitical tensions
United States Dollar
HINDALCO
Power Grid Corporation of India Limited
Axis Bank Limited
GRASIM
Tata Steel Limited
IND
Gautam Adani
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08:00 21.11.2024
Market sentiment sours as IT stocks drag indices lower for seventh session
United States Dollar
Asian Paints Limited
HINDALCO
Coal India Limited
HDFC Bank Limited
Hero MotoCorp Limited
IND
Aishvarya Dadheech
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05:07 18.11.2024
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