Research
Periodic Report
Angel One Gets SEBI Nod, Defence Stocks Shine, and Hitachi Energy Soars on Major Contract Win
Angel One Gets SEBI Nod, Defence Stocks Shine, and Hitachi Energy Soars on Major Contract Win
Written by - Fisdom Research
Array
November 26, 2024
2 minutes
Array
Market Snapshot
Indian benchmark indices ended marginally lower on November 26, breaking a two-day rally in a volatile trading session, with Nifty closing slightly below 24,200.
Despite mixed global cues, indices opened higher, with Nifty crossing 24,300, but early gains were erased within the first hour, pushing the market into the red for most of the day.
Final-hour buying provided some support, helping the indices recover from the day’s lows.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY IT
1.1
NIFTY PSU BANK
0.2
NIFTY FMCG
0.8
NIFTY CONSUMER DURABLES
0.2
NIFTY MEDIA
0.8
NIFTY REALTY
0.1
NIFTY METAL
0.4
NIFTY BANK
0.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,900
24,550
Bank Nifty
51,400
52,500
Top News
Angel One Asset Management received SEBI approval to act as the asset management company for Angel One Mutual Fund.
Defence stocks rose 2-3% as JPMorgan initiated coverage, highlighting structural growth prospects and assigning ‘overweight’ ratings to Bharat Electronics and Hindustan Aeronautics.
Hitachi Energy surged 5% after its consortium with BHEL won a Power Grid Corporation contract to establish HVDC stations for renewable energy transmission between Gujarat and Maharashtra
C2C Advanced IPO hit by SEBI action listing date postponed
Kalpataru gets SEBI’s approval for Rs. 1590 crore IPO
Trade Ideas Update
Our trade ideas success rate has 58% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
