• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Bulls Roar On Dalal Street, Sensex And Nifty Up Over 2 Pc

OMMCOM NEWS by OMMCOM NEWS
November 22, 2024
in Business
Sensex And Nifty

Mumbai: Bulls roared on the Indian benchmark indices on Friday as Sensex surged more than 1,961 points and Nifty 557 points, while the stock market witnessed a significant broad-based rally from the oversold territory, predominantly led by large-cap stocks.

The rally in financial stocks and strong US labour market data were among the factors that drove the Sensex and Nifty up more than 2 per cent. A rally in blue-chip bank stocks also helped the benchmark indices jump in Friday’s trade.

Sensex closed at 79,117.11 after gaining 1,961.32 points, or 2.54 per cent, and Nifty closed at 23,907.25 with a gain of 557.35 points, or 2.39 per cent.

This is the largest bull run after June 5, when the BSE Sensex rose 3.20 per cent, or 2,303.19 points, to 74,382.24, while the NSE Nifty was at 22,360.25, up 3.36 per cent or 735.85 points.

Market watchers said that in the broader market, corrections are creating opportunities to accumulate quality stocks with strong fundamentals and resilience to macroeconomic pressures.

“Despite global challenges, India’s long-term growth story remains compelling. Investors should focus on sectors aligned with structural themes such as urbanisation, infrastructure, and consumption growth. Strategic portfolio adjustments, disciplined investing, and a long-term perspective are critical to navigating the current environment,” said Krishna Appala of Capitalmind Research.

The IT sector, despite its recent underperformance, is poised for recovery as global headwinds ease in the medium term.

Vinod Nair, Head of Research, Geojit Financial Services, said that positive momentum was also observed in global markets, due to a modest decline in Japan’s October inflation and 39 trillion yen stimulus package. “Moderation in global and domestic political drama provided a relief to the domestic market,” Nair added.

Strong buying by domestic institutional investors (DIIs) and firm trends in US markets added to the recovery in domestic equities. From the 30-share Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Tata Motors, Power Grid, Bajaj Finance, Bajaj Finserv and Tech Mahindra were the biggest gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,320.68 crore on Thursday, while DIIs bought shares worth Rs 4,200.16 crore.

(IANS)

Tags: Dalal StreetMumbaiNiftySensex
ShareTweetSendSharePinShareSend
Previous Post

Calcutta HC Stays Order On Demolition Of Hotels In Bengal’s Mandarmani

Next Post

BGT 2024-25: Bumrah Picks 4-17 As Australia Trail India By 83 Runs In 17-Wicket Day

Related Posts

Business

Set To Invest $15-20 Billion Across Businesses In Next 5 Years: Gautam Adani

June 1, 2025
Business

IndiGo Places Order For Another 30 Wide-Body A350 Aircraft With Airbus

June 1, 2025
Business

India’s GST Collections In May Surge Over 16 Pc To Rs 2.01 Lakh Crore

June 1, 2025
indigo
Business

IndiGo Signs Partnership To Expand Long-Haul Flights To Europe, UK, North America

June 1, 2025
Indian stock markets
Business

RBI MPC, PMI Data, FII Activity, Global Economic Indicators To Drive Stock Market Next Week

June 1, 2025
Business

Indian Bond Market Shines Amid Falling Inflation: Jefferies

May 31, 2025
Next Post
Jasprit Bumrah

BGT 2024-25: Bumrah Picks 4-17 As Australia Trail India By 83 Runs In 17-Wicket Day

Prime Minister Narendra Modi

PM Modi Meets 31 World Leaders During Three-Nation Visit To Nigeria, Brazil And Guyana

Adani Group Stocks

Adani Group Stocks Rebound As Sensex And Nifty Surge

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.