Closing Bell: Subdued start to Dec series, Nifty below 10,900; Sensex flat; pharma, IT outperform

Market at Close: Benchmark indices ended marginally higher on Friday, but the Nifty could not hold on to 10,900 level.

This is fifth consecutive day gain recorded by the indices.

The Sensex was up 23.89 points at 36194.30, while Nifty was up 22.10 points at 10880.80. About 1278 shares have advanced, 1310 shares declined, and 146 shares are unchanged.

Among the sectors pharma and IT space outperformed the other indices with 1-2 percent gain, while bank, infra, metal and energy stocks have underperformed.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-subdued-start-to-dec-series-nifty-below-10900-sensex-flat-pharma-it-outperform-3236331.html

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Closing Bell

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MCX SUPPORT & RESISTANCE LEVELS

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Nifty trades around 10,850, Sensex flat amid selloff in banks

Rupee Update: Indian rupee is trading higher by 18 paise at 69.66 per dollar against Thursday's close 69.84.

Equities have further extended their gains, with the Sensex soaring over 170 points. The Nifty is well above 10,900.

The Sensex is up 173.31 points or 0.48% at 36343.72, and the Nifty up 53.20 points or 0.49% at 10911.90. The market breadth is positive as 893 shares advanced, against a decline of 433 shares, while 61 shares were unchanged.

Source: https://www.moneycontrol.com/news/business/markets/stock-share-market-live-updates-bse-nse-nifty-trades-around-10850-sensex-flat-amid-selloff-in-banks-3236331.html

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INTERNATIONAL MARKET UPDATE

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Closing Bell: Strong end to November series, Nifty above 10,850; Sensex clocks 36K; financials rally

Market at Close A stronger rupee, falling crude oil prices along with a dovish commentary from the US central bank chief boosted markets across the globe, including India. Back home, the Nifty surged past 10,800 on a day when F&O contracts for November series expire. 

The Sensex, meanwhile, hit 36,000 during the day’s trade, rising over 530 points intraday. 

Both indices ended the session on a strong note, with the Nifty retaining 10,800 mark on expiry. 

At the close of market hours, the Sensex closed up 453.46 points or 1.27% at 36170.41, and the Nifty up 129.80 points or 1.21% at 10858.70. The market breadth was narrow as 1300 shares advanced, against a decline of 1292 shares, while 145 shares were unchanged.

Bajaj Auto, Kotak Mahindra Bank, and Bajaj Finance were the top gainers, while Power Grid, NTPC, and HCL Tech lost the most. 

Source: https://www.moneycontrol.com/news/business/markets/closing-bell-share-market-updates-bse-nse-strong-end-to-november-series-nifty-above-10850-sensex-clocks-36k-financials-rally-3231851.html

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Rupee extends gains, below 70/$ for the first time in 3 months

The Indian rupee extended its morning gains as it is trading at USD 69.96 per dollar mark. It gained past 70 mark for the first time since August 27.

Rupee opened higher by 51 paise at 70.11 per dollar versus Wednesday's closing 70.62.

It has appreciated by 6 percent from its all-time low of 74.48 per dollar.

Rupee strengthened against the US dollar and extended gains in the latter half of the session ahead of the important preliminary GDP number that was released from the US. In the last couple of sessions rally in domestic equities is also supporting the rupee with FIIs also turning net buyers after remaining sellers in September and October, said Motilal Oswal.

This month until now FIIs have poured in around USD 900 million of funds in equity and debt segment keeping the momentum positive for the currency. Today, USD-INR pair is expected to quote in the range of 70.20 and 70.80, it added.

Source: https://www.moneycontrol.com/news/world/us-suspended-a-total-of-3-billion-in-security-assistance-to-pakistan-this-year-sources-3233821.html

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