Nifty, Sensex Continue to Head Higher– Monday Closing Report
Moneylife Digital Team 28 November 2022
On Monday, the indices opened gap down and ended with gain. On the Bombay Stock Exchange (BSE), 2,092 stocks advanced, 1,511 declined and 181 remained unchanged with advance decline ratio of 1.38, indicating strength in broader markets. 
 
The trend of the major indices on Monday’s trading are given in the table below:
 
 
On NSE, 91 securities advanced and closed at new 52 week high whereas 19 securities sank to close at their new 52-week lows. In sectorial indices, Nifty Metal and Nifty Financial Services were the biggest losers whereas Nifty Oil& Gas and Nifty Auto were the biggest gainers. The broader market indices outperformed their larger peers with BSE Midcap and BSE Small Cap gaining more than 0.7% each.
 
Rupee ended at 81.67/$ as compared to Friday’s close of 81.69/$.
 
S&P has reduced India’s FY22-23 GDP growth forecast by 30 bps (basis points) to 7% and FY23-24 by 50 bps to 6%.
 
In insider buying and selling, Shakti Pumps (India) promoters bought net 16,000 shares through open market. Oil marketing companies end higher as crude oil slipped to 10 months low. HPCL and BPCL gained more than 5%.
 
In large trades, Voltas 0.14% equity changed hands at Rs848.50 per share. ICICI Lombard’s 0.11% equity changed hands at Rs1,157.55 per crore. RVNL’s 0.5% equity changed hands at Rs76.2 per share. 
 
Granules India ended flat after its CFO Sandip Neogi resigned. Emami Paper ended in green after Mukesh Kumar Agarwal was appointed interim CFO.
 
Techno Electric ended more than 3% higher after winning order worth Rs700 crore. Apollo Tyres gains more than 7% after brokerage upgrades.
 
Hero Motocorp ended more than 2% higher after the company announced price hike of up to Rs1,500.
 
Arvind Smartspaces gained more than 7% after it sold off entire Arvind Greatlands project in 10 hours of launch with book value of around Rs200 crore.
 
Delta Corp gained almost 5% on the back of heavy volumes. Value buying continued in the shares of public sector companies.
 
The top gainers and top losers of the major indices are given in the table below: 
 
 
The closing values of the major Asian indices are given in the table below:
 
 
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