FIRST TRADE: Sensex rises over 70 pts; Nifty above 19,800 amid broad-based buying; Bajaj Auto, Eicher Motors up over 1%

Stock market today: The Indian share market on Thursday, November 23, opened higher amid broad-based buying. Strength in the US market after fresh economic data added to optimism that the Federal Reserve was done raising interest rates also aided sentiments.

Last seen, both indices were up 0.14 per cent. The S&P BSE Sensex was up 89.15 points at 66,112.39, and the NSE Nifty was up 27.5 points at 19,839.35.

Nifty Mid Cap 100 and Small Cap 100 traded in positive territory. Meanwhile, the Nifty Bank was flat with a positive bias at 43,489.9.

BUZZING STOCKS

Bajaj Auto and Eicher Motors shares were up over 1 per cent and Hero MotoCorp shares were up over 2 per cent after JP Morgan raised targets on two-wheeler stocks.

CEO Info Systems shares traded over 2 per cent higher after the company informed bourses that its board would consider raising funds.

Indian Energy Exchange (IEX) shares were up over 2 per cent after Zee Business analysts believe the fear of market coupling has been averted.

Sterling and Wilson Renewable Energy shares hit the upper circuit for the second day after securing a $2.2 billion Nigerian order.

Shares of Honasa Consumer, the parent company of Mamaearth, were up over 18 per cent after the company posted good Q2 results.

EID Parry India shares were up over 2 per cent after promoter AMBADI ENTERPRISES LTD sold 40.30 lakh (2.27 per cent) shares at 472.91 per share.

Selan Exploration Technology shares were up over 9 per cent after the company received a scheme of arrangement with Antelopus Energy Private.

CDSL shares were up over 5 per cent after the total number of Demat accounts of the company crossed 10 crore.

On the other hand, RateGain Travel and Technologies shares were down over 7 per cent after 93,31,259 equity shares raised through Qualified Institutional Placement (QIP) were admitted for trading.

GLOBAL MARKETS 

Asian shares were flat on Thursday, with markets holding onto their gains for the week as confidence grows that interest rates globally will head lower next year, while oil prices fell on the prospects for smaller-than-expected output cuts by OPEC+.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged down 0.11 per cent in thin trading, with Japan and the United States on holiday.

(with agency inputs)

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