Sensex Today Rallies 759 Points | Nifty Above 24,100 | 3 Reasons Why Indian Share Market is Rising

Fri, 29 Nov Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day higher, Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.

The benchmark equity indices BSE Sensex ended the week's last trading session in positive territory..

At the closing bell, the BSE Sensex stood higher by 759 points (up 0.9%).

Meanwhile, the NSE Nifty closed higher by 216 points (up 0.9%).

Cipla, Sun Pharma, M&M among the top gainers today.

Nestle, Apollo Hospital and Shriram Finance on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,303 up by 183 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 0.8% higher.

Barring realty sector, all other sectoral indices were trading positive with socks in oil & gas sector, telecom sector and energy sector witnessing most buying speer.

CAMS, Praj Industries, and Laurus Labs 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 84.52 against the US$.

Gold prices for the latest contract on MCX are trading 0.8% higher at Rs 77,163 per 10 grams.

Meanwhile, silver prices were trading 1.3% higher at Rs 91,339 per 1 kg.

Here are the three key factors drive the market's momentum.

#1 Positive Global Cues

Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan.

Overnight, trading in US equities and Treasuries was closed due to the Thanksgiving holiday, leaving little lead for Asia. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3% and was down 0.5% for the week.

#2 DII Buying

On the institutional front, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 117.6 bn on 28 November, while Domestic Institutional Investors (DIIs) were net buyers, purchasing equities worth Rs 87.2 bn.

#3 Crude Oil

Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to an OPEC+ meeting left investors awaiting a decision on its output policy.Brent crude futures fell by 7 cents, or 0.1%, to $73.21 a barrel by 0232 GMT

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.

Premiumisation Drives HUL's Growth

In news from the FMCG sector, FMCG major HUL has identified six long-term bets and said it sees the potential of 2-4x growth across key categories, sharing the presentation of its Capital Market Day with analysts on 29 November. Shares of HUL are higher by over 1.5% in mid-day trade.

The company aims to achieve double digit EPS growth, driven by topline, with over 80% of the delta coming from 'future core and market maker' products.

The 'future core' are brands that the companies says are at the sweet spot of premiumisation, such as Surf Excel, Vim, Dove, Ponds. 'Market makers' are products that are the leading trends in the market.

The categories that are seeing volume-led growth include skin care, hair care, laundry, lifestyle nutrition and tea. In these businesses, HUL said the company has significant market leadership, and multi-fold scale compared to the second largest player. The hair care segment for HUL has seen very strong market share, with 3x growth in hair care relative market share compared to the nearest rival.

In terms of long-term opportunities, HUL has set its sight on categories like premium face wash and body wash, hair care, home care and condiments, along with prestige & well-being category. These are multi-year markets in the making, and seeing high double-digit growth.

Sigachi Industries shares surge 10%

Moving on to news from the pharma sector, shares of Sigachi Industries surged by 10% on November 29 following the company's announcement regarding its submission of a Certificate of Suitability (CEP) filing for Propafenone Hydrochloride.

Trimax Biosciences Pvt Ltd, a subsidiary of Sigachi, received communication from the European Directorate for the Quality of Medicines & Health Care (EDQM) on this filing. This certification will allow Sigachi to export the Active Pharmaceutical Ingredient (API) product to Europe and other countries that accept the CEP.

Propafenone Hydrochloride, a key treatment for cardiac arrhythmias, is a high-demand API with a current global market size of US$ 1.2 billion.

This market is expected to grow to US$ 2.1 bn by 2032, with a CAGR of 7%, due to the increasing prevalence of cardiovascular diseases, growing adoption of generic medications, and rising healthcare expenditure globally.

Trimax Biosciences, based in Raichur, Karnataka, specialises in the development and manufacturing of APIs.

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!

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers