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Sensex Today Ends 230 Points Higher | Nifty Above 24,250 | Adani Power Rallies 20%
Wed, 27 Nov Closing

Sensex Today Ends 230 Points Higher | Nifty Above 24,250 | Adani Power Rallies 20%Image source: ThinkNeo/www.istockphoto.com

After opening the day marginally lower, Indian benchmark indices reversed the trend as the session progressed and ended the day higher.

The benchmark equity indices, BSE Sensex and NSE Nifty50, settled higher on Wednesday, mirroring their global peers.

At the closing bell, the BSE Sensex stood higher by 230 points (up 0.3%).

Meanwhile, the NSE Nifty closed higher by 82 points (up 0.3%).

Trent, Asian Paints and NTPC among the top gainers today.

Wipro, Titan and Hindalco on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,311 up by 92 points at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.3% higher and BSE SmallCap index ended 1.1% higher.

Sectoral indices were trading mixed today with socks in power sector and capital goods sector witnessing buying. Meanwhile stocks in realty sector and healthcare sector witnessing selling pressure.

Coforge, CAMS and HDFC Bank hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 84.45 against the US$.

Gold prices for the latest contract on MCX are trading 0.9% at Rs 75,947 per 10 grams.

Meanwhile, silver prices were trading 0.5% higher at Rs 90,933 per 1 kg.

Speaking of stock markets, Navigating the stock market can feel overwhelming, but Rahul Shah, Research Analyst at Equitymaster, offers a clear framework for long-term wealth creation.

By focusing on business fundamentals and disciplined valuation-rather than market noise-you can make informed decisions. Real-world examples, like Mamaearth, highlight the value of this approach in building a resilient portfolio.

VI Jumps 6%. Here's Why

In news from the telecom sector, shares of Vodafone Idea shares rose 6% to Rs 7.92 on November 27, extending their three-day rally to 17.5%, amid reports that the Union Cabinet may approve bank guarantee waivers for spectrum purchased before 2022.

The telecom operator currently holds bank guarantee obligations of over Rs 247 bn, while combined liabilities with Bharti Airtel exceed Rs 300 bn.

Earlier this year, Vodafone Idea secured Rs 240 bn in equity funding and is now pursuing an additional Rs 250 bn in loans and Rs 100 bn in bank guarantees or letters of credit.

This latest policy shift builds on the Cabinet's 2021 reforms, which eliminated the need for guarantees on spectrum acquired prospectively. By extending the relief to legacy spectrum holdings, the government aims to ease financial pressure on the telecom sector and enhance its overall stability.

The telco, however, informed the stock exchanges on 26 November that it did not receive any communication from the telecom department (DoT) or the government on any decision taken.

Despite the respite, Vodafone Idea remains entangled in the adjusted gross revenue (AGR) controversy.

Talbros Automotive Skyrockets 15%. Here's Why

Moving on to news from the auto ancillaries sector, shares of Talbros Automotive Components skyrocketed 15% on 27 November after the company announced bagging multi-year orders worth around Rs 4.8 bn for both domestic and exports market from leading Original Equipment Manufacturers (OEMs).

The surge in the stock was also triggered by a spike in trading volumes on the counter.

The orders are spread across Talbros' product lines, including gaskets, heat shields, forging components, chassis, and hoses.

The first large order, worth a cumulative Rs 3.5 bn has come for the sealing business for gaskets and heat shield products. It includes exports worth Rs 1.3 bn, primarily to Europe.

By increasing exports to Europe, a highly specialised market for auto component manufacturers, the company is boosting its market share in that region.

Additionally, increased exports are expected to enhance overall margins.

Apart from this, it includes other orders-- one valued at Rs 245 has come for heat shields, sourced from multiple OEMs, and another worth Rs 1 bn for the gasket division.

Additionally, the company also received orders to the tune of Rs 350 m through its joint venture, Marelli Talbros Chassis Systems, for chassis components, and Rs 230 m from the forging business, including Rs 140 m in exports.

Talbros Share Price Performance - 1 Year

Why is Pudumjee Industries Down 10%?

Moving on to news from the paper sector, shares of 3P Land Holdings, owned by Pudumjee Industries were trading against the tide, plunging to Rs 60.3, its 10% lower circuit limit, at a time when the overall market remained flat. The reason? Sharp profit booking.

The stock soared to an intraday high of Rs 66.7 in the previous session, the closest it has ever come to its record high of Rs 71.7 that it touched way back in early January 2008.

The rush to book partial profits off the stock's recent upsurge was also evident in the sharp spike in trading volumes on the counter. As many as six lakh shares changed hands on the exchanges as yet, far higher than the one-month daily traded average of 97,000 shares.

The microcap company, which is involved in the paper and paper products industry, has been enjoying strong growth prospects for the sector.

Tailwinds like capacity expansion across the sector, reduction of GST tax on paper products and price hikes are expected to chart out a strong growth trajectory for paper makers.

Additionally, the paper industry's performance closely follows key economic trends, such as literacy rates and education spending, both of which are showing promising signs, especially with support from India's large youth population.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!


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