Indian stock market witnessed a flat opening on mixed global cues during morning Asian session but ended day with mixed market breadth. Nifty 50 index opened flat, remained range-bound until noon, and later rallied to close at 24,274.90, up 80.40 points. Bank Nifty index also opened flat, hit an intraday high of 52,444, and closed at 52,301.80.
Sectoral performance showed selling pressure in IT, Pharma, Realty, and Healthcare, while strong buying interest was noted in Automobile, Bank, Energy, FMCG, Metal, and Media. Notably, Adani Group shares surged up to 12%, Ola Electric gained 20%, and Vodafone Idea rose by 11%.
Key market highlights included a positive broader market breadth with an advance-to-decline ratio of 1,729:743, and DII net buying of ₹1,302 crore, alongside FII marginal buying of ₹7.8 crore. market continues to await strong FII participation for sustained bullish momentum.
Key Market Data
| Category | Details |
| Nifty 50 Closing | 24,274.90 (+80.40 points) |
| Bank Nifty Closing | 52,301.80 |
| Sectoral Performers | Gains: Automobile, Bank, Energy, FMCG, Metal, Media; Losses: IT, Pharma, Realty, Healthcare |
| Top Gainers | Adani Group (+12%), Ola Electric (+20%), Vodafone Idea (+11%) |
| DII Activity | Net Buy: ₹1,302 crore |
| FII Activity | Net Buy: ₹7.8 crore |
| US GDP Growth (Q3) | 2.8% YoY |
| US Market Status | Trading flat ahead of Thanksgiving holiday |
Technical Outlook
| Index | Resistance | Support | Outlook |
| Nifty 50 | 24,500 | 24,120 | Breakout above 24,350 may signal buying opportunities. |
| Bank Nifty | 52,500 | 52,000, 51,700 | A breakout above 52,500 may drive further gains toward 52,800–52,900. |
| Nifty Midcap Select | 12,680 | 12,580, 12,520 | Sustained trading above 12,680 may result in upward momentum. |
Corporate Updates
- Waaree Renewable: Secured a ₹1,233.5 crore solar project order.
- NBCC: Signed an MoU with HUDCO for a ₹600 crore project in Noida.
- Godrej Properties: Plans to raise ₹4,000 crore via QIP.
Disclaimer
This report is authored by Bitupan Majumdar, an independent SEBI-registered research analyst (Registration Code: INH30006962). information provided is for educational purposes and not investment advice. Please consult your financial advisor before making investment decisions.
