Stock Market Today
The stock market rallied following a large drop on Thursday, with the BSE Sensex rising 760 points, or 0.96%, to 79,800 on November 29, amid ongoing foreign investor selling difficulties. This was partly owing to the expectation that US trade penalties on China would be lower than previously thought, which boosted Chinese financial markets.
Bharti Airtel led the Dalal Street gains, jumping as much as 6% and closing 4.30 percent higher at Rs 1,627.45. Mahindra & Mahindra, Sun Pharma, Adani Ports, and Reliance were among the top gainers yesterday, trailing only the telecom giant.
Read Also: FIIs are likely to become consistent buyers in Indian markets soon
Foreign Portfolio Investors News Today
Foreign Portfolio Investors (FPIs) sold more Indian equities worth Rs 19,169.90 crore on Friday, for a net total of Rs 4,383.55 crore. Domestic investors, including cash-heavy mutual funds in the country, continued their purchasing frenzy with Rs 5,723.34 crore in net purchases in the markets during the week’s final trading session.
Here are the top stocks that are expected to remain in spotlight in the coming week.
Brokerage companies have raised the target price of BEML following a Rs 3,658 crore order from Chennai Metro. The company’s stock is expected to remain in spotlight. According to Motilal Oswal, Ambuja Cement has the potential for robust growth and an attractive valuation, with a 38% upside. The stocks that are currently trading at Rs 534 per equity share are anticipated to remain in spotlight throughout the first week of December. Mahindra And Mahindra: Nirmal Bang, a local brokerage firm, has assigned a buy rating to Friday’s top gainer, with a 17 percent upside. With best-in-class EV features and aggressive pricing, Nirmal Bang believes the stock can reach its target price of Rs 3,004 per equity share.
