Stock Selection: Sensex climbs amidst ups and downs; Nifty surpasses 20,100 on expiration day
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| Stock Selection: Sensex climbs amidst ups and downs; Nifty surpasses 20,100 on expiration day |
Regionally, the PSU Bank index decreased by 1.5%, whereas the indices for pharmaceuticals, capital goods, real estate, and oil and gas increased by 1-1.5 %.
On November 30, despite volatility on November expiration day and with support from the pharmaceutical, capital goods, real estate, and oil and gas industries, equity indexes saw gains for the third straight session.
The Nifty was at 20,133.20 at the closing, up 36.60 points or 0.18 percent, while the Sensex was at 66,988.44, up 86.53 points or 0.13 percent.
Indian indexes opened little higher despite lackluster global indications, with the Sensex surpassing 67,000 and the Nifty closing in on 20,150. But in the early going, the first gains were lost, as Nifty dropped close to the 20,000 mark. Even with the second half's volatility, the indexes ended the day slightly higher.
Sector and Stock
On the Nifty, the biggest gainers were IndusInd Bank, Adani Enterprises, Adani Ports, Reliance Industries, as well as Power Grid Corporation; the top losers were UltraTech Cement, HDFC Life, Sun Pharma, Apollo Hospitals, and Eicher Motors.
Regarding industry performance, the PSU Bank index decreased by 1.5%, whilst the Realty, Oil & Gas, Capital Goods, and Pharma indexes all had increases of 1-1.5 percent.
The BSE Smallcap index increased by 1%, while the BSE Midcap index increased by 0.8 percent.
