The BSE Sensex closed at 85,632.68, up 513.45 points (0.61%), while the Nifty50 gained 142.6 points (0.55%) to close at 26,192.15.
- Sensex intraday high: 85,801.70
- Nifty50 52-week high: 26,246.65
Broader markets showed mixed movement. The Nifty MidCap 100 ended 0.02% higher, while the Nifty SmallCap 100 saw a slight dip of 0.43%.
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Impact on the stock market
Sector-wise performance
Today’s market rally was largely driven by strong performances in the Financials and Oil & Gas sectors.
- Top performing sectors:
- Nifty Financial Services saw a significant jump, contributing heavily to the gains.
- Nifty IT and Nifty Metal continued to lag, reflecting sector-specific weakness.
- Nifty Financial Services saw a significant jump, contributing heavily to the gains.
- Top Sensex gainers:
- HDFC Bank, Reliance Industries, Bajaj Finance, and Bajaj Finserv were the key contributors to the rally.
- HDFC Bank, Reliance Industries, Bajaj Finance, and Bajaj Finserv were the key contributors to the rally.
- Top laggards:
- Tata Motors PV, Maruti Suzuki, Adani Ports, Asian Paints, and Titan were the biggest drags.
| Sector/Index | Performance |
| IT & BPM sector | 0.00% |
| Healthcare sector | -0.11% |
| Oil & Gas sector | 0.55% |
| Real estate sector | -0.14% |
| PSU Bank in India | -0.89% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Eicher Motors | 7,130.50 | 3.39 |
| Bajaj Finance | 1,028.60 | 2.29 |
| Bajaj Finserv | 2,095.60 | 2.21 |
| Reliance | 1,549.10 | 1.99 |
| Tech Mahindra | 1,456.00 | 1.54 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Asian Paints | 2,859.80 | -1.17 |
| HCL Tech | 1,645.40 | -1.03 |
| Titan Company | 3,902.40 | -0.78 |
| HULÂ | 2,428.40 | -0.54 |
| Apollo Hospital | 7,423.00 | -0.48 |
Market aftermath: Impact on stocks
Nvidia shares soar post strong Q3 results amid AI boom concerns
Ahead of the release of its Q3 earnings, Nvidia shares jumped more than 5% in pre-market trading, supported by 62% YoY revenue growth to $57 billion.
- CEO’s remarks: Nvidia’s CEO dismissed concerns about the AI bubble, projecting continued growth in the AI and generative AI space.
- Analysts from HSBC and J.P. Morgan emphasized Nvidia’s strong execution and healthy demand for GPUs, injecting confidence back into the AI market narrative.
Despite global market volatility, Advanced Micro Devices (AMD) and other chip stocks saw 5% gains, highlighting a broader sector rebound.
Sammaan Capital’s stock plummets after Supreme Court intervention in probe
Sammaan Capital shares tumbled 13.3% after the Supreme Court questioned the CBI’s investigation into the company’s alleged irregularities. The Court directed multiple regulatory bodies to collaborate on the issue.
- The company clarified that the current management has no ties to the former promoter, and no charges are currently pending against them.
- The case is set to be heard again on December 17.
LG Electronics India rises 4% after brokerage upgrades
Shares of LG Electronics India rose by 4% following positive coverage from global brokerages JPMorgan and Morgan Stanley, both assigning an ‘overweight’ rating to the stock.
- JPMorgan target: ₹1,920 (18% upside)
- Morgan Stanley target: ₹1,864 (15% upside)
The company’s penetration into both the value and premium markets, alongside its strong distribution network, has made it a long-term growth story in the consumer electronics space.
Crude oil prices rise following US inventory data
Crude oil futures traded higher, supported by a 3.4 million-barrel drop in US crude inventories for the week ending November 14.
- Brent crude: up 0.25% to $63.75
- WTI crude: up 0.30% to $59.43
- MCX crude (Dec): up 0.57% to ₹5,288
The drop in US inventories signals a tightening supply outlook, which could lead to further price increases, despite global uncertainties regarding geopolitical tensions and sanctions on Russia.
Conclusion
Today’s market bounce was led by Financials and Oil & Gas sectors, with Nifty IT and Metal sectors underperforming. Nvidia’s earnings gave a boost to tech stocks, while Sammaan Capital’s legal troubles dampened sentiment. LG Electronics India saw positive movement due to upgraded ratings, while crude oil prices gained on tightening supply. With key economic data coming up, markets will stay focused on US inflation data and the Federal Reserve’s upcoming decisions.
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