Stock Market Today: Sensex Gains 204 Points; Nifty Near 19,900 On Final-Hour Buying. Adani Stocks Rally

Stock update: On the 30-share Sensex platform, Tata Motors, Bajaj Finserv, UltraCemco, Bajaj Finance, NTPC, Airtel emerged gainers

In the broader markets, the BSE Midcap index advanced 0.30 per cent, while the BSE Smallcap rose 0.06 per cent.

The two key equity benchmarks, Sensex and Nifty, on Tuesday closed in the green as final-hour buying lifted investor sentiment. After oscillating on either sides of the flat line, the S&P BSE Sensex rose 204 points to close at 66,174. On the other hand, the NSE Nifty50 settled at 19,890, up 95 points. The Sensex hit an intraday high of 66,256, while the Nifty reached a high of 19,917.

On the 30-share Sensex platform, Tata Motors, Bajaj Finserv, UltraCemco, Bajaj Finance, NTPC, Airtel emerged gainers. On the downside, ITC, Sun Pharma, ICICI Bank, PowerGrid, HDFC Bank, HUL were among the losers.

#ABPLiveStockMarketWatch | Sensex and Nifty closed in the green as final-hour buying lifted investor sentiment, on Tuesday

At 04:00 PM, #Sensex went up 204 points to close at 66,174 & #Nifty by 95 points to close at 19,890

Here's a look at the stocks in focus:#ABPLive… pic.twitter.com/58qudtRbe3

— ABP LIVE (@abplive) November 28, 2023

In the broader markets, the BSE Midcap index advanced 0.30 per cent, while the BSE Smallcap rose 0.06 per cent.

Sectorally, power and oil & gas indices gained 3 per cent each, while metal, auto and PSU Bank indices jumped 1 per cent each. On the flip side, selling is seen in the capital goods, FMCG and pharma names.

In the previous session on Monday, stock market across India was closed on account of Guru Nanak Jayanti. Hence, trading remained closed across equity, equity derivatives, currency derivatives, and SLB segments.

In Asian markets, Seoul, and Shanghai settled with gains, while Tokyo and Hong Kong ended lower. European markets were trading mostly lower. The US markets ended marginally down on Monday.

Global oil benchmark Brent crude climbed 1.19 per cent to $80.93 a barrel.

Equity markets were closed on Monday for Guru Nanak Jayanti.

Foreign Institutional Investors (FIIs) bought equities worth Rs 2,625.21 crore on Friday, according to exchange data.

Meanwhile, the Indian rupee on Tuesday rebounded from record low levels, gaining 6 paise to settle at 83.34 (provisional) against the US dollar amid positive sentiment in the equity markets and inflow of foreign funds. Forex traders said a weak American currency against major rivals and crude prices hovering close to the level of $80 per barrel also supported the Indian currency.

At the interbank foreign exchange market, the local unit opened at 83.37 and moved in the range of 83.32 to 83.39 against the greenback during intra-day. It finally settled at 83.34 (provisional) against the dollar, registering a gain of 6 paise from its previous close.