Market Commentary     27-Nov-24
Mid-Session
Barometers trade with tiny cuts; auto shares gear up
The domestic equity benchmarks traded near the flatline with some negative bias in morning trade. The Nifty traded below the 24,200 level. Auto shares advanced after declining in the previous trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex was down 25.75 points or 0.03% to 79,978.31. The Nifty 50 index lost 10.30 points or 0.04% to 24,184.20.

In the broader market, the S&P BSE Mid-Cap index rose 0.04% and the S&P BSE Small-Cap index added 0.64%.

The market breadth was strong. On the BSE, 2,324 shares rose and 1,221 shares fell. A total of 165 shares were unchanged.

New Listing:

Shares of NTPC Green Energy were currently trading at Rs 119.85 at 10:14 IST on the BSE, representing a premium of 10.97% as compared with the issue price of Rs 108.

The scrip was listed at Rs 111.60, exhibiting a premium of 3.33% to the issue price.

So far, the stock has hit a high of 119.90 and a low of 111.60. On the BSE, over 125.44 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Auto index rose 0.39% to 23,504.75. The index fell 1.07% in the previous trading session.

Exide Industries (up 1.86%), Mahindra & Mahindra (up 1.07%), Ashok Leyland (up 0.84%), Maruti Suzuki India (up 0.83%) and Bajaj Auto (up 0.8%), Tata Motors (up 0.7%) added.

On the other hand, Apollo Tyres (down 1.62%), Balkrishna Industries (down 0.96%) and Samvardhana Motherson International (down 0.77%) turned lower.

Stocks in Spotlight:

Aster DM Healthcare gained 3.55% after the company entered into an agreement with Aster Adhaar Hospital (Prerana Hospital) to acquire an additional 13% stake in Aster Adhaar Hospital (Prerana Hospital) in Kolhapur, Maharashtra.

CG Power and Industrial Solutions added 2.07% after the company’s subsidiary G.G.Tronics India (GGT) secured a KAVACH order from Chittaranjan Locomotive Works, West Bengal, Government of India.

Glenmark Pharmaceuticals shed 0.34%. The company has announced that its US-based subsidiary, Glenmark Pharmaceuticals Inc., USA, has launched Travoprost Ophthalmic Solution USP (Ionic Buffered Solution) in the U.S. market.

Previous News
  Barometers pare gains; consumer durables shares tumble
 ( Market Commentary - Mid-Session 21-Jan-25   10:37 )
  Glenmark Pharma edges higher after US launch of coagulation disorder drug Phytonadione
 ( Hot Pursuit - 21-Jan-25   10:07 )
  Glenmark Pharmaceuticals launches Phytonadione Injectable Emulsion USP 10 mg/mL
 ( Corporate News - 21-Jan-25   09:10 )
  Stock Alert: Whirlpool of India, Aster DM Healthcare, Dr Reddy’s Laboratories
 ( Market Commentary - Stock Alert 24-Dec-24   08:08 )
  Glenmark Pharma arm launches seizure drug in US
 ( Hot Pursuit - 16-Dec-24   09:41 )
  Glenmark Pharmaceuticals Inc. USA launches Lacosamide Oral Solution
 ( Corporate News - 16-Dec-24   09:06 )
  Glenmark Pharmaceuticals Ltd up for third straight session
 ( Hot Pursuit - 03-Dec-24   13:06 )
  Aster DM gains after inking pact to merge with Quality Care India
 ( Hot Pursuit - 02-Dec-24   09:40 )
  Suven Pharmaceuticals Ltd Surges 4.23%
 ( Hot Pursuit - 02-Dec-24   09:30 )
  Aster DM inks pact to merge with Quality Care India
 ( Hot Pursuit - 30-Nov-24   13:04 )
  Aster DM Healthcare announces mega-merger to become Top 3 hospital chains in India
 ( Corporate News - 29-Nov-24   18:22 )
Other Stories
  Benchmarks trade with moderate cuts; pharma shares decline
  24-Jan-25   14:35
  Indices pare gains; European mrkt advance
  24-Jan-25   13:40
  Indices trade with modest gains; metal shares shine for 2nd day
  24-Jan-25   12:32
  Nifty trades above 23,250; IT shares rally for 3rd day
  24-Jan-25   11:39
  Barometers erase early gains; media shares tumble
  24-Jan-25   10:37
  Market opens higher; breadth positive
  24-Jan-25   09:39
  Benchmarks turn range bound; pharma shares extent gains for 2nd day
  23-Jan-25   14:36
  Nifty trades near 23,250 mark; European mrkt advance
  23-Jan-25   13:36
  Indices trade with modest gains; media shares advance
  23-Jan-25   12:33
  Nifty trades above 23,200; consumer durables shares advance
  23-Jan-25   11:36
Back Top