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Sensex, Nifty Rebound as Heavyweights Lead; Nazara Gains on Acquisition and Fundraising
Sensex, Nifty Rebound as Heavyweights Lead; Nazara Gains on Acquisition and Fundraising
Written by - Fisdom Research
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November 29, 2024
2 minutes
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Market Snapshot
After a sharp decline in the previous session, Indian benchmark indices rebounded on November 29.
Nifty opened the December F&O series above the 24,100 mark, driven by buying in heavyweight stocks and broad-based sectoral support.
All sectoral indices, except for realty and PSU banks, closed in the green.
Auto, energy, pharma, and media sectors led the gains, each rising 1-2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PHARMA
2.4
NIFTY OIL & GAS
1.3
NIFTY HEALTHCARE INDEX
2.0
NIFTY AUTO
1.0
NIFTY MIDSMALL HEALTHCARE
1.9
NIFTY CONSUMER DURABLES
1.0
NIFTY MEDIA
1.5
NIFTY METAL
0.8
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,900
24,350
Bank Nifty
51,600
52,500
Top News
Benchmark indices Sensex and Nifty rebounded on Friday as heavyweights like Reliance Industries, HDFC Bank, and TCS staged a recovery after recent sharp declines.
The market saw strong buying interest in auto, pharma, energy, and infrastructure stocks, recovering from its steepest drop in nearly two months on November 28.
Nazara Technologies rose over 2% after its subsidiary NODWIN Gaming acquired Trinity Gaming for ₹24 crore, and the company raised ₹855 crore via a preferential equity issue.
Suraksha Diagnostic IPO subscribed 0.10 times, the retail portion had been booked 0.18 times, and the NII segment had been subscribed 0.04 times.
Kalpataru gets SEBI’s approval for Rs. 1590 crore IPO
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