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Vodafone Idea Rallies, NTPC Green Energy Debuts Strong, and CG Power Secures ₹600 Crore Order
Vodafone Idea Rallies, NTPC Green Energy Debuts Strong, and CG Power Secures ₹600 Crore Order
Written by - Fisdom Research
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November 27, 2024
2 minutes
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Market Snapshot
India’s benchmark indices closed slightly higher on November 27 after a choppy trading session. Adani Group stocks surged significantly during the day.
In global markets, European indices and US equity futures declined as investors assessed new US cabinet appointments and awaited key economic data for insights on interest rate trends.
Sectoral performance in India was mixed, with buying interest in auto, banking, energy, FMCG, metal, and media stocks, while IT, pharma, realty, and healthcare sectors faced selling pressure.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
1.0
NIFTY AUTO
0.5
NIFTY METAL
0.8
NIFTY FMCG
0.3
NIFTY OIL & GAS
0.6
NIFTY PRIVATE BANK
0.2
NIFTY FINANCIAL SERVICES
0.5
NIFTY BANK
0.2
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,050
24,400
Bank Nifty
51,800
52,550
Top News
Vodafone Idea shares surged 6% to ₹7.92 on November 27, extending their three-day rally to 17.5%, driven by reports of potential Union Cabinet approval for bank guarantee waivers on spectrum purchased before 2022.
NTPC Green Energy’s stock climbed over 12% on its modest market debut the same day.
CG Power shares gained up to 3% after its subsidiary, G.G.Tronics India, secured a ₹500-600 crore order from Chittaranjan Locomotive Works, to be executed within a year.
C2C Advanced IPO hit by SEBI action listing date postponed
Kalpataru gets SEBI’s approval for Rs. 1590 crore IPO
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