Share Market HIGHLIGHTS: Record closing highs on D-Street | Sensex zooms 1,384 pts to 68,865, Nifty50 soars to 20,687
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex scaled record highs on Monday, December 4, as investors cheered the BJP's clear win in Madhya Pradesh, Chhattisgarh and Rajasthan among the four states whose election results were declared the previous day.
The high-beta Nifty Bank gauge also registered a record closing peak.
Catch all the highlights of the December 4 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more, only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex scaled record highs on Monday, December 4, as investors cheered the BJP's clear win in Madhya Pradesh, Chhattisgarh and Rajasthan among the four states whose election results were declared the previous day.
The high-beta Nifty Bank gauge also registered a record closing peak.
Catch all the highlights of the December 4 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, and much more, only on Zeebiz.com's blog:
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Thank you! That's all today on Zeebiz.com's blog on the December 4 session on Dalal Street
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
Closing Bell | D-Street at record closing highs: Sensex zooms 1,384 pts to 68,865, Nifty50 soars to 20,687
Both headline indices registered their highest ever closing levels backed by strong buying across sectors, with financial, oil & gas and FMCG stocks at the forefront of the rally after the BJP won three out of the four states in the election results declared on December 3.
Here's how the indices moved during the course of the day:
Nifty50
Sensex
Images: NSEIndia.com, BSEIndia.com
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Share Market Today LIVE | Market at record high: Adopt 'buy on dips' investment strategy, advise experts
The Indian market continued to rally on Monday, December 4, with the benchmark indices hitting fresh peaks after the ruling Bharatiya Janata Party (BJP) clinched a thumping victory in three of the five state elections.
The Nifty50 marked a new high of 20,602.5, up 1.65 per cent, while the Sensex also marked a new feat, hitting a fresh record high of 68,587.82, up 1.64 per cent over the previous close. Sectorally, amid broad-based buying, while the Oil & Gas and PSU Banking pack led the gains, healthcare, pharma, and media indices lagged in trade today. Read more
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Maruti Suzuki India (MSIL) shares decline over 1 per cent to touch the intra-day low of Rs 10,423.75 apiece on BSE. The downward trend in the stock came after the company's production dipped 3 per cent in November.
Passenger Cars & Utility Vehicles manufacturer on Friday, December 1, posted its November production figures, which showed a 3 per cent dip in its total production to 1,47,763 units against 1,52,786 units in November 2022. Read more
Share Market Today LIVE | L&T, M&M, Axis Bank, other stocks hit 52-week highs
As many as nine stocks in the S&P BSE Sensex basket reached the milestone.
Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
AXISBANK | 1,111.25 | 1,126.10 | 1,108.70 (01 Dec 2023) | 2,042.95 (23 Jul 2014) |
BAJAJFINSV | 1,692.30 | 1,714.00 | 1,688.00 (01 Dec 2023) | 19,319.95 (19 Oct 2021) |
BHARTIARTL | 1,031.05 | 1,043.05 | 1,022.10 (01 Dec 2023) | 1,149.00 (10 Oct 2007) |
HCLTECH | 1,340.00 | 1,350.00 | 1,348.45 (01 Dec 2023) | 3,021.00 (21 Feb 2000) |
LT | 3,316.00 | 3,347.25 | 3,198.40 (01 Dec 2023) | 4,670.00 (01 Nov 2007) |
M&M | 1,649.70 | 1,674.95 | 1,670.00 (18 Sep 2023) | 1,674.95 (04 Dec 2023) |
NTPC | 276.15 | 279.1 | 275.40 (01 Dec 2023) | 291.00 (15 Jan 2008) |
TITAN | 3,490.00 | 3,549.65 | 3,507.95 (01 Dec 2023) | 4,765.00 (14 Jun 2011) |
ULTRACEMCO | 9,265.65 | 9,301.25 | 9,152.00 (01 Dec 2023) | 9,301.25 (04 Dec 2023) |
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In conversation with Zee Business Managing Editor Anil Singhvi, market experts Kunal Saraogi, Himanshu Gupta, Rakesh Bansal, Mehul Kothari and Sandeep Jain share their top stock recommendations in this special segment, Pick of the Week.
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Share Market Today LIVE | PNB stock notches 52 week-high as Nifty PSU Bank rises over 3% post assembly election results
Punjab National Bank (PNB) shares hit a 52-week-high on BSE on Monday on a day when the Nifty PSU Bank index is soaring higher, reflecting the positive mood in the market post legislative assembly election results. PNB shares hit a 52-week high of Rs 84.60 on Monday. Read more
Share Market Today LIVE | Siemens shares trade flat after its parent company in Germany rises stake in Siemens Energy
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Share Market Today LIVE | Is there more steam left in L&T shares? Here is what brokerages suggest
Construction and engineering conglomerate Larsen & Toubro (L&T) shares have surged nearly 49 per cent so far this calendar year, outperforming the domestic equity benchmark Nifty, which has gained over 11 per cent in the same period. The counter is currently trading near its 52-week high of Rs 3,197.95, clocked in the previous session.
L&T shares price target
Citi has maintained a buy stance on Larsen & Toubro. The global brokerage has raised the target to Rs 4,000 from Rs 3,550, translating an upside of nearly 29 per cent from the closing on Friday of Rs 3,109.2 on NSE. Citi says that the company remains its top pick given the continued strong capex growth in India and the stronger capex growth in the Middle East. Read more