The Sensex climbed 230.02 points (0.29%), closing at 80,234.08, while the Nifty rose by 82.20 points (0.34%) to end at 24,276.70. Market breadth remained positive with 2,470 shares advancing, 1,302 declining, and 105 remaining unchanged.
Impact on the stock market
Sectoral performance: winners and losers
- Top-performing sectors:
Gains were seen in auto, energy, metal, and banking stocks, buoyed by a strong rebound in Adani Group shares, which gained up to 12% during the session. - Underperforming sectors:
Nifty Pharma and Nifty Realty lost 0.5% each. Nifty Realty faced profit-taking after an 8% rally last week.
You may also like: Avoid These Money Mistakes Before You Retire
| Sector/Index | Performance |
| IT & BPM sector | -0.15% |
| Healthcare sector | -0.46% |
| Oil & Gas sector | 0.56% |
| Real estate sector | -0.41% |
| PSU Bank in India | -0.09% |
Top gainers today
| Company | Price | Change % |
| Adani Enterpris Share Price | 2,397.80 | 11.50 |
| Adani Ports Share Price | 1,199.95 | 6.30 |
| Bharat Elec Share Price | 307.35 | 3.17 |
| Trent Share Price | 6,845.10 | 2.64 |
| NTPC Share Price | 369.30 | 2.12 |
Top losers today
| Company | Price | Change % |
| Apollo Hospital Share Price | 6,982.70 | -1.33 |
| Titan Company Share Price | 3,291.65 | -1.08 |
| Wipro Share Price | 582.90 | -1.04 |
| Shriram Finance Share Price | 3,019.00 | -0.90 |
| IndusInd Bank Share Price | 1,001.95 | -0.76 |
Market aftermath: Impact on stocks
Vodafone Idea extends rally on bank guarantee waiver hopes
Vodafone Idea shares rose by 6% to close at ₹7.92, extending their three-day rally to 17.5%. Reports suggest the Union Cabinet may soon approve waivers for bank guarantees on spectrum purchased before 2022, providing much-needed financial relief to the telecom operator.
Vodafone Idea has ₹24,700 crore in bank guarantee obligations, and this policy shift could significantly ease its financial burden. Earlier this year, the company raised ₹24,000 crore in equity and is currently seeking additional loans and guarantees. The development aims to stabilise the stressed telecom sector and enhance its long-term viability.
Must read: Vodafone Idea 18,000 crore FPO: Should you invest?
TARC gains on major project sale
TARC Ltd, a small-cap realty player, surged 5% to ₹216 per share after announcing the sale of 50% of its TARC Ishva project for ₹1,350 crore.
The TARC Ishva project, located in Gurugram’s upscale Golf Course Extension Road, offers luxury residences with expansive views of the Aravali Hills. So far this year, TARC shares have delivered a stellar 55% return, far outperforming the 10% rise in Nifty 50.
This momentum reflects investor confidence in TARC’s premium projects and the growth potential of its portfolio.
Swiggy’s rally continues ahead of Q2 results
Food delivery giant Swiggy Ltd extended its rally, gaining 20% over three sessions to close at ₹501.70. The surge came as UBS initiated coverage with a ‘Buy’ rating and a target price of ₹515, citing Swiggy’s improving margins and narrowing gap with competitor Zomato.
After a weak market debut, Swiggy shares rebounded sharply from ₹417.20 on November 25, showing strong investor sentiment. With its Q2 results scheduled for 3rd December, all eyes are on the company’s performance and outlook in the fiercely competitive online food delivery market.
Also read: Swiggy IPO: Key Details, GMP & Expert Advice on Investing
Crude oil prices rise on inventory decline
Crude oil prices edged higher after the American Petroleum Institute (API) reported a larger-than-expected decline of 5.93 million barrels in US crude inventories for the week ending November 22.
- December crude oil futures on the Multi Commodity Exchange (MCX) rose by 0.80%, trading at ₹5,822.
- February Brent oil futures climbed by 0.04% to $72.35, while WTI crude oil futures for January edged up 0.06% to $68.81.
A potential peace deal in West Asia between Israel and Hezbollah, brokered by the US and France, also helped ease fears of supply disruptions. However, uncertainty remains as OPEC+ is expected to meet on December 1 to discuss output policies for 2025.
Conclusion
The Indian stock market closed on a positive note, driven by rebounds in Adani stocks, auto, and banking sectors, while realty and pharma lagged. Notable stories included Vodafone Idea’s rally, TARC’s project sale, and Swiggy’s recovery, each showcasing the diversity of market drivers.
Crude oil prices added to the day’s mixed sentiment, reflecting global inventory trends and geopolitical developments. As we edge closer to year-end, investors remain cautiously optimistic, keeping an eye on both domestic and global cues. For the latest updates, stay tuned with StockGro!For more stock market insights, check out the StockGro blog.
