Nifty, Sensex End Higher; BSE-listed Companies’ Market Capitalisation Surges To Rs 335.62 Lakh Cr In Nov

The 30-share BSE benchmark Sensex gained 87 points and the broader NSE Nifty ended above 20,269. Meanwhile, in November, Sensex advanced 3,071 points or 4.8 per cent to settle at 66,988. Nifty, on the other hand, surged 1,053 points or 5.5 per cent to end at 20,134.

The market capitalisation of all listed companies on BSE also surged by Rs 24.17 lakh crore to Rs 335.62 lakh crore in November. The market breadth was skewed in favour of the bulls. About 1,823 stocks gained, 1,881 declined and 153 remained unchanged on the BSE.

FII and FPIs, on Thursday, saw a net purchase of Rs 8,147.85 crore in the cash segment. A total of Rs 58,682.68 crore was sold against a total purchase of Rs 66,830.53 crore. Domestic institutional investors saw net sales of Rs 780.32 crore in the cash segment. A total of Rs 14,725.28 crore was sold against a total purchase of Rs 13,944.96 crore.

Meanwhile, India’s GDP growth upgrade to 6.4 per cent from 6 per cent for FY24 by S&P Global Rating has brought optimism to the broad market. The Nifty50 could cross the psychological level of 20,000 and be able to sustain the gains, providing long-term support. The bold performance of the global markets and IPO listings are adding glitters to mid and small-caps. The state exit poll and the final result slated to be announced on Sunday may bring some cautiousness.

Technically, the important key resistances placed in October Nifty future are at 20,269 levels, which could offer the market on the higher side. Sustainability above this zone would signal opens the door for a

directional upmove with immediate resistances seen at 20,303 – 20,404 levels. Immediate support is placed at 20,188 – 20,130 levels.