Share Market Closing: The Indian stock market benchmark indices, Sensex and Nifty 50, settled down in green on Friday, November 22, 2024. The Sensex (index with top 30 firms) surged 1961.32 points to settle at 79,117.11 on Tuesday. Nifty50 (index with top 50 firms) also rose 557.35 points to settle at 23,907.25 points.
In the meanwhile, foreign investors withdrew a substantial amount of Rs 27,859 crore from Indian equities in November, as of now. These investors had pulled out Rs 94,017 crore from Indian stock market in October 2024.
None of the Sensex-listed companies were closed in red on Friday. All the 30 stocks ended in the green.
SBI, TCS, Titan, ITC, Infosys, Larsen & Turbo (L&T), Reliance Industries (RIL), and Bajaj Finance were among the top gainers among the Sensex-listed companies. The shares of the SBI, TCS, Titan were up by more than 4% during the close. SBI was the biggest gainer with 4.51% surge in the share price. SBI’s share closed at Rs 816.05 apiece.
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Share Market Surged More Than 2,000 Pts Before Closing
During the trading session on Friday, the Sensex was at 79,200, up by more than 2000 points from the previous closing, while the Nifty50 surged massively to reach 23,941.55 points, up by nearly 600 points from the last day closing.
What Drove the Rally?
The recovery of several Adani stocks contributed to an improvement in market sentiment. Stocks saw a boost following exit polls and Phalodi Satta Bazar predictions that hinted at a victory for the BJP-led Maha Yuti alliance in Maharashtra Assembly Elections. A BJP-led alliance win would mean a continuation of existing policies, with a strong focus on infrastructure development and capital expenditure, according to analysts.
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