The BSE Sensex jumped 759.05 points or 0.96%, closing at 79,802.79. The index traded between a low of 79,026.18 and a high of 79,923.90, reflecting a strong trading session. Similarly, the NSE Nifty50 climbed by 216.95 points or 0.91%, ending the day at 24,131.10.
Broader market indices also closed in the green, with the Nifty Midcap100 gaining 0.16% and the Nifty Smallcap100 rising 0.75%.
Impact on the stock market
The day belonged to the bulls as sectoral indices saw a mixed yet largely positive performance:
- Pharmaceutical and healthcare stocks stole the spotlight, with the Nifty Pharma and Nifty Healthcare indices rising by 2.35% and 2.04%, respectively.
- Except for Nifty PSU Bank and Nifty Realty, all other sectoral indices ended higher.
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| Sector/Index | Performance |
| IT & BPM sector | 0.41% |
| Healthcare sector | 2.04% |
| Oil & Gas sector | 1.25% |
| Real estate sector | -0.51% |
| PSU Bank in India | -0.48% |
Top gainers today
| Company | Price | Change % |
| Bharti Airtel Share Price | 1,627.15 | 4.28 |
| Cipla Share Price | 1,533.90 | 2.76 |
| Sun Pharma Share Price | 1,780.90 | 2.69 |
| M&M Share Price | 2,966.10 | 2.33 |
| Adani Ports Share Price | 1,190.05 | 1.92 |
Top losers today
| Company | Price | Change % |
| Power Grid Corp Share Price | 329.40 | -1.27 |
| Shriram Finance Share Price | 3,019.65 | -0.79 |
| Hero Motocorp Share Price | 4,761.70 | -0.46 |
| Apollo Hospital Share Price | 6,828.90 | -0.18 |
| Nestle Share Price | 2,234.65 | -0.07 |
Market aftermath: Impact on stocks
Zee Entertainment rises 5% on shareholder vote
Shares of Zee Entertainment Enterprises Ltd (ZEEL) soared by 5% to close at ₹132.69 after a major development at its Annual General Meeting (AGM). Shareholders voted against the proposal to reappoint Punit Goenka as a director.
The resolution received 50.4% votes against, tipping the scales and signaling a shift in shareholder sentiment. This decision marks a pivotal moment for the media company, as it looks to navigate leadership challenges while maintaining investor confidence.
Easy Trip surges 14% after turning ex-bonus
Shares of Easy Trip Planners saw a massive 14% jump, closing at ₹18.4 in early trade after the stock turned ex-bonus. The company had revised its record date for bonus shares to November 29, with a 1:1 ratio, meaning investors will receive an additional share for each share they hold. Despite reporting a 45.2% YoY decline in net profit for the September quarter, this bonus issue has enhanced liquidity and spurred short-term investor interest.
Year-to-date, however, the stock has faced a tough ride, declining 54%, underperforming the Nifty50. The bonus shares, approved by the board in October, aim to rejuvenate investor enthusiasm.
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Sigachi Industries rallies 10% on API certification filing
Sigachi Industries saw its shares rise 10% following the announcement of a significant milestone. The company filed a Certificate of Suitability (CEP) with the European Directorate for the Quality of Medicines & Health Care (EDQM) for Propafenone Hydrochloride, an API widely used for treating cardiac arrhythmias.
This move positions Sigachi to enter the European market for the API, a space valued at $1.2 billion, projected to grow at a CAGR of 7% to $2.1 billion by 2032. By midday, the stock traded 8% higher at ₹55, marking a 12% gain for November after underperforming in the prior months.
Crude oil focus: HPCL Rajasthan refinery nears completion
In a broader economic context, India’s crude oil landscape is set for transformation with the near-completion of the HPCL Rajasthan Refinery (HRRL). This integrated refinery and petrochemical complex, with a capacity of 9 million tonnes per annum (MTPA), has already entered pre-commissioning stages. Designed to primarily use medium sour crude grades like Russia’s Urals and Iraq’s Basrah, the refinery aims to reduce India’s dependence on imported petrochemicals.
The project promises socioeconomic benefits, including job creation and the production of Euro 6-grade fuels and value-added petrochemicals. As Oil Minister Hardeep Singh Puri aptly described, the refinery is poised to become the “jewel of the desert,” catering to the northern region’s growing energy needs.
Conclusion
Today’s trading session highlighted the resilience of the Indian stock market, with broad-based gains led by pharmaceutical and healthcare stocks. Key developments in individual stocks like Zee Entertainment, Easy Trip, and Sigachi Industries added variety to the market narrative. On the macroeconomic front, the nearing completion of HPCL’s Rajasthan refinery underlines India’s strategic focus on reducing import reliance and boosting domestic production.
As the markets continue to reflect both global and local cues, investors should stay tuned for evolving trends that shape their portfolio strategies. Did your portfolio catch the wave, or are you planning your next move?
For more stock market insights, check out the StockGro blog.
