Sensex Today Ends 445 Points Higher | Nifty Above 24,250 | Affle India Jumps 8%, Castrol India 6%

Mon, 2 Dec Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day lower, Indian benchmark turned positive as the session progressed and ended the day higher.

Benchmark equity indices ended December's first session in positive territory.

At the closing bell, the BSE Sensex stood higher by 445 points (up 0.6%).

Meanwhile, the NSE Nifty closed higher by 142 points (up 0.6%).

Apollo Hospital, Grasim Industries and Shriram Finance among the top gainers today.

NTPC, Cipla and Britannia on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,429 down by 33 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 1% higher and BSE SmallCap index ended 0.8% lower.

Sectoral indices were trading mixed today with socks in realty sector and metal sector witnessing buying. Meanwhile stocks in FMCG sector and banking sector witnessing selling pressure.

Dixon Tech, Coforge and Info Edge 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 84.71 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 76,587 per 10 grams.

Meanwhile, silver prices were trading 1% lower at Rs 90,302 per 1 kg.

Speaking of stock markets, Asian Paints, once a market favorite, now faces uncertainty as it lags behind the broader market.

With growing competition and declining profitability, concerns about its future prospects are rising.

Rahul Shah, Research Analyst at Equitymaster, examines its valuation, performance, and potential growth factors.

Emami Realty Share Hits Upper Circuit

In news from the realty sector, shares of Emami Realty locked in a 5% upper circuit at Rs 111.7 on 2 December following the launch of its premium residential project, Emami Aamod, in New Alipore.

The project is expected to generate revenue of approximately Rs 8.5 bn.

Emami Realty's stock has declined nearly 3% on a year-to-date basis, underperforming the Nifty 50's 11% gain during the same period. Today marked the third consecutive session of the stock being in a 5% upper circuit.

Spread across 4 acres, Emami Aamod features a collection of 3 BHK and 4 BHK apartments with servant rooms. A key highlight of the project is the 1-acre Aqua Serenity Lake.

Located on a 24-meter-wide road in New Alipore, the project offers convenient access to healthcare facilities, educational institutions, and shopping destinations.

Established in 2006, Emami Realty has developed over 3.7 crore square feet of residential, retail, and commercial real estate across West Bengal, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Odisha, Maharashtra, and even Sri Lanka.

These projects are carried out through various Special Purpose Vehicles (SPVs) and Joint Ventures.

The company's notable projects include South City, Urbana, and Emami City.

Ola Electric Shares Rise 6%. Here's Why

Moving on to news from the auto sector, shares of Ola Electric posted a massive recovery from the day's low on 2 December after its CEO Bhavish Aggarwal gave a big update on the number of stores of the company.

He added that all the stores will have service capacity too.

The update helped the EV company's shares to rebound sharply from the day's low to trade in firm green.

Ola Electric shares rose a whopping 30% in the past few trading sessions after the company announced its foray into the commercial segment.

Last week, Ola launched the 'Gig' range of scooters with an introductory price of Rs 39,999, targeting gig workers.

The company also launched its S1 Z model, a personal-use electric scooter aimed at urban commuters priced at Rs 59,999.

The range will be available for business-to-business (B2B) purchases and rentals.

Why Greaves Cotton Share Price is Rising

Moving on, Greaves Cotton shares surged by 3% on Monday after the company announced value unlocking in its electric vehicle unit with the IPO of Greaves Electric Mobility Limited (GEML). The move has sparked significant investor interest.

The company's market capitalisation now stands at approximately Rs 45 bn. Greaves Cotton stock has delivered robust returns, climbing over 38% in the last year, outperforming benchmark market indices.

The electric mobility theme has caught investor attention of late, with markets keenly eyeing the next moves even from major players such as Bajaj Auto, Hero Moto, and others.

The IPO of GEML, approved by the board on December 1, will comprise a fresh issue of equity shares and an offer for sale by existing shareholders. The offering is subject to market conditions, shareholder approval, and regulatory clearances.

The company plans to finalise the IPO size, pricing, and other details in consultation with its appointed book-running lead managers.

Greaves Electric Mobility recently received approval under the Union Government's Electric Mobility Promotion Scheme (EMPS) 2024.

Greaves Cotton is a diversified engineering company and has operations across engineering, electric mobility, retail, finance, and technology space.

The approval of GEML's IPO aligns with the company's broader strategy to capitalise on the growing demand for electric vehicles and related infrastructure.

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