Market Overview

indian ⁣benchmark indices, the ⁢BSE Sensex and NSE Nifty, reversed early losses on Friday, November 28, 2024, driven by ‘buying on dips’. Investors are closely⁢ watching for the release of the Q2FY26 ⁤GDP data later today,which will provide insights into the nation’s economic health.

As of 10:00 AM IST, the BSE Sensex stood at 85,872, a gain of 151 points or 0.18%. Simultaneously, the NSE Nifty50 was at 26,250,‍ up 34 points or 0.13%.

Key Drivers and ‍Laggards

‍ Gains ⁤in shares of Mahindra‍ & ⁢Mahindra (M&M),Tech Mahindra,Reliance Industries,Titan Company,State Bank of india (SBI),Maruti Suzuki,Hindustan Unilever (HUL),Tata Motors,and Sun Pharmaceutical Industries contributed to the upward movement of the Sensex.
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However, losses in⁤ Asian Paints, Power Grid Corporation of India, Adani Ports & ⁤Special Economic Zone, Axis Bank, Infosys, Eternal, HDFC Bank, and‍ Tata Steel limited further gains.

Recent ⁣Highs and Broader Market Trends

Both indices reached fresh all-time highs ‍in intraday⁣ trading on Thursday, November⁣ 27, 2024, ⁣with the Sensex surpassing 86,000 and the Nifty exceeding 26,300 for the first time.

In the broader markets, ‍the⁣ Nifty MidCap index remained largely unchanged, while the Nifty SmallCap⁤ index declined by 0.2%.

Sectoral Performance

Among the ⁣sectors, the Nifty Auto index led the gains, rising⁤ 0.5%, followed by ⁣the Nifty FMCG index (0.16%) and the Nifty ⁤Metal index (0.13%). Conversely, the Nifty Private Bank ⁣index experienced a decline of ⁤0.15%.