The Indian stock market indices on Tuesday, November 24, opened at record highs with Nifty crossing the 13,000-mark at the opening for the first time. Global markets outshined as COVID-19 vaccine is in progress and the prospects for a speedy global economic revival. Globally, US. stocks closed higher last day as hopes for a COVID-19 vaccine lifted economically sensitive sectors such as energy and industrials.
The Sensex rose 349 points to hit a new high of 44,431while the Nifty added 103 points to its record high of 13,025 mark at around 9.35 am. Broader markets were also positive with Nifty Midcap and Nifty Smallcap 1 percent, each. All sectors were also in the green with Nifty Bank jumping over 1 percent and Nifty Fin Services up 0.8 percent. Metal, pharma and auto indices also rose 0.5-0.1 percent. Adani ports, Maruti Suzhuki, Hcl Tech, Hdfc Bank And Axis Bank were among major gainers in the Nifty, while Bajaj-auto, DR. Reddy lab, HDFC life, sun pharma and reliance were major losers.
Stocks of healthcare test companies are expected to be under investors' radar after the govt of Maharashtra announced that all air and rail passengers arriving from Delhi, Gujarat, Rajasthan, and Goa need to carry COVID-19 negative test report before entering the state.
Stocks that will remain in limelight today include Jubilant Industries, Muthoot Finance, GMR Infrastructure, Coal India, Ingersoll Rand, banking stocks and Exide Industries.
Sebi plans to relax rules for promoter re-classification
Centre moves to sell stake in banks, insurance firms
RBI to conduct a special audit of the SREI Infra and its subsidiary