Get App
POST-MARKET REPORT
The Indian equity market continued the previous session’s rally and ended on a strong note on November 25 with Nifty above 24,200 after the BJP-led Mahayuti alliance secured a clear mandate in the Maharashtra elections.
At close, the Sensex was up 992.74 points or 1.25 percent at 80,109.85, and the Nifty was up 314.60 points or 1.32 percent at 24,221.90.
ONGC, BPCL, Bharat Electronics, SBI, and L&T were among the top gainers on the Nifty, while losers were JSW Steel, Infosys, Bajaj Auto, Tech Mahindra, and Asian Paints.
Among sectors, oil & gas, realty, capital goods, and PSU bank went up 2-4 percent.
The BSE midcap index rose 1.6 percent while the smallcap index added nearly 2 percent.
STOCKS TODAY
Central Bank of India: Shares surged 9 percent after the Reserve Bank of India gave the public sector lender the go-ahead to enter the insurance business. Through a joint venture with the Generali Group, the bank will foray into the segment.
Rail Vikas Nigam Limited (RVNL): Shares jumped 4 percent after securing a letter of acceptance (LoA) from Eastern Railway for an infrastructure project worth Rs 837.67 crore. The project involves earthwork, bridge construction, and a railway track laying across 55.2 kilometers between Kalipahari and Pradhankhuta.
HG Infra Engineering: Shares climbed nearly 4 percent after the company announced receiving a Letter of Award (LoA) from NTPC Vidyut Vyapar Nigam Ltd. The contract, valued at approximately Rs 1,110 crore, involves the procurement and installation of 500 MW/1000 MWh standalone battery energy storage systems (BESS) across India, supported by viability gap funding.
JSW Steel: Shares of the company declined over 2 percent on news that it would be excluded from the BSE Sensex 30 effective December 23, and replaced by food delivery and quick-service company Zomato as a constituent.
Paras Defence and Space Technologies: Shares rose nearly 5 percent after it opened its advanced and state-of-the-art optical systems testing facility in Navi Mumbai, Maharashtra. It is set to be the most advanced center for research and development of hyperspectral and other optical systems for space and defence in India.
J Kumar Infra: Shares of the construction player skyrocketed 9 percent buoyed by the optimism in the markets on the Maharashtra election results. The BJP-led alliance crossed 200-mark out of 288 seats in Maharashtra state elections, bringing in a renewed focus on infrastructure development.