Closing Bell 28th Nov: Nifty 50 down by 0.05% and Sensex by 0.02%

On Friday, the Indian equity market ended the week in the red. Nifty 50 opened at 26,237.45, reaching a high of 26,280.75, and closing at 26,202.95, down by 0.05%. Similarly, the BSE Sensex opened at 85,791.55, reached a high of 85,969.89, and ended at 85,706.67, down by 0.02%.Reasons for the negative sentimentThe markets trade negatively due to several reasons:Investors are cautious ahead of today's annual GDP data announcement.Foreign Institutional investors exited the markets.The rupee weakened by 7 paise to 89.43 against the US dollar.Major Indices Today IndicesLTPPrev closeChangeNifty 5026,202.9526,215.55-0.05%BSE Sensex85,706.6785,720.38-0.02%Next 5069,137.4569,069.800.10%Bank Nifty59,752.7059,737.300.03%Fin Nifty27,890.2527,946.20-0.20% Nifty and Sensex traded in red, dragged by Infra, IT, and Energy stocks.Nifty Next 50 traded in green, led by the gains in FMCG, Banking, and Automobile stocks. The Bank Nifty traded higher, driven by expectations of interest rate cuts by the RBI in the coming weeks.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT37,405.5037,446.30-0.11%Nifty Auto27,774.6027,603.650.62%Nifty FMCG55,595.8055,470.550.23%Nifty Pharma22,998.3022,863.000.59%Nifty Healthcare15,031.2514,949.350.55%Nifty Oil & Gas12,034.4012,118.25-0.69% Nifty IT traded lower amid selling pressure after the recent rally.Nifty Auto traded higher after gains in Mahindra and Mahindra stocks after the launch of XEV 9S and on the positive sentiment due to the launch of Maruti Suzuki’s first electric SUV, e-Vitara.Nifty Pharma traded in the green after the Pharmaceuticals Export Promotion Council of India (Pharmexcil) was named one of the top five export promotion councils in the world.Nifty FMCG traded in green, after the brokerage firm Motilal Oswal issued a ‘Buy’ rating for seven FMCG stocks. The Nifty Oil & Gas index continued to trade in the red amid rising volatility in crude oil prices.Market Movers Today63 Moons shares rose by 16% after the National Company Law Tribunal (NCLT) approved the National Spot Exchange settlement scheme.Mahindra & Mahindra shares rose by 2% after the launch of a new electric seven-seater SUV, XEV 9S.Adani Enterprises shares rose by 2.5% after Adani Group said it will buy a 72.8% stake worth ₹820 crore in Flight Simulation Technique Centre (FSTC).Hindustan Zinc shares rose 3% after silver prices rose, boosting investor sentiment for the stock.Top Gainers Company NameLTPPrev CloseChangeSRF2,927.302,840.003.07%Hindustan Zinc485.20474.552.24%IIFL Finance578.70568.801.74%Varun Beverages481.55467.303.05%Vedanta526.00519.101.33% Top Losers Company NameLTPPrev CloseChangeGAIL176.09183.80-4.19%MCX10,073.5010,424.50-3.37%Astral1,440.801,471.00-2.05%Voltas1,376.301,398.00-1.55%HFCL70.1771.44-1.78% 52W High Stocks Company NameLTP52W highChangeReliance Industries1,567.501,581.300.26%Hero Motocorp6,174.506,239.000.38%Cummins4479.304,518.600.67%GMR Airports108.35109.071.56%Shriram Finance851.65872.00-1.84% 52W Low Stocks Company NameLTP52W lowChangePraj Industries316.20315.15-2.12%Deepak Nitrite1,558.601,555.00-0.06%Vikram Solar261.50261.00-1.62%DCW61.5361.00-2.24%Oswal Pumps551.25547.15-1.43% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.9610.11-1.48%Yes Bank22.9322.840.39%Suzlon Energy54.0154.93-1.67%GAIL176.09183.80-4.19%GMR Airports108.35106.691.56% IPOListed todaySudeep Pharma shares got listed at a premium of 23% at ₹730 on NSE and ₹725 on BSE. The price band set for the IPO was at ₹563-₹593 per share.Market AnnouncementsDilip Buildcon shares rose by nearly 1.4% after the company secured LoA from the National Highways Authority of India (NHAI) for a road project in Tamil Nadu worth ₹ 879.30 crore.Tanfac Industries shares rose by 7.23% after the company received an order worth ₹336 crore from Krishna Organics for the supply of Solar Grade Diluted Hydrofluoric Acid. References:63 moons shares rise 16% as National Spot Exchange settlement scheme approved by NCLTM&M shares rise 2% as Nomura finds new e-SUV priced attractively, sees up to 16% upsideAdani Enterprises shares rise 2.5% after unit buys 73% stake in Flight Simulation Technique Centre for Rs 820 crHindustan Zinc shares rise 3% as silver prices surge, stock extends gains for fourth sessionSudeep Pharma shares settle 30% higher on debut day on NSE

Closing Bell 28th Nov: Nifty 50 down by 0.05% and Sensex by 0.02%

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