Nifty, Sensex Extend Gains for the 7th Consecutive Day – Wednesday Closing Report
Moneylife Digital Team 30 November 2022
On Wednesday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 2,058 stocks advanced, 1,438 declined, and 106 remained unchanged with advance decline ratio of 1.43 indicating positive momentum across broader market. The trend of the major indices on Wednesday’s trading are given in the table below:
 
 
On NSE, 67 securities advanced and closed at new 52 week high whereas 25 securities sank to close at their new 52-week lows. In sectorial indices, Nifty PSU Bank was the only loser whereas Nifty Metal and Nifty Auto were the biggest gainers. The broader market indices performed slightly better than their larger peers with BSE Midcap and BSE Small Cap gaining 1.06% and 0.61% respectively.
 
Rupee ended at 81.42/$ as compared to Tuesday’s close of 81.72/$.
 
April to October fiscal deficit was at Rs7.58 lakh crore as compared to Rs5.47 lakh crore in the same period previous year. It has reached 45.6% of budgeted target.
 
Pennar Industries Promoters bought net 15,000 shares through open market. Immediate relative of Dhanlaxmi Bank insider sold net 375,000 shares through open market. Shakti Pumps (India) promoters bought net 3,000 shares through open market. Lincoln Pharmaceuticals Promoters bought net 91,500 shares through open market. Immediate relative of DFM Foods insider sold net 3,942 shares through open market. Godfrey Phillips India  promoters sold net 19,780 shares through open market. Uttam Sugar Mills promoters sold net 24,762 shares through open market.
 
In large trades, Varun Beverage’s 0.55% equity changed hands at Rs1,198 per share. The stock was up 9%. Indian Hotels 0.7% equity changed hands at Rs319 per share. Jubilant FoodWorks 0.2% equity changed hands at Rs542 per share. Zomato’s 3.4% equity changed hands at Rs64 per share. 
 
Manali Petrochemicals has acquired Penn Globe, a European manufacturer to expand its R&D process. The stock ended in green.
 
NDTV ended at 5% upper circuit after its promoters resigned from directorship. Kilpest India gained more than 8% after its subsidiary signed non-binding letter of intent to acquire 100% stake in Europe based life science products manufacturer.
 
Bharat Bijlee ended in red after LIC sold 2.15% stake via open market. Greenpanel Industries declined around 2% after announcing winding up of its wholly owned subsidiary Greenpanel Singapore.
 
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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