-Indian markets recouped early losses and ended in green ahead of Q2 GDP data and exit poll results today
-The indices were led by auto, financials and pharma stocks
-Sensex was up 4.8% and closed above the 66,900 mark
-Nifty was up 5.5% and closed above the 20,100 mark
Stocks in news
Newly listed IREDA closed 10% higher, while Tata Technologies ended 10.5% higher from the listed price of Rs 1200.
Shares of Hindustan Aeronautics also closed higher after the DAC approved the purchase of 97 Tejas fighter jets and the procurement of 156 Prachand helicopters
Financials-linked indices like Nifty Financial Services advanced 0.3%, while Nifty PSU Bank and Nifty Private Bank declined about 1.1% and 0.2%, respectively. While Nifty Pharma, Healthcare, Realty, and Consumer Durables ended over 1% higher each.
Gainers and losers
In the Sensex pack, UltraTech Cement, Sun pharma, Airtel, and Wipro were top gainers whereas Indusind Bank, Reliance and Powergrid were the top losers.
Global Markets
World stock markets rose on Thursday, heading for their best monthly jump since the first COVID-19 vaccine breakthroughs of 2020. The continuing downtrend for global bond yields also lifted confidence.
Asia had made fresh gains of 0.2-0.3% overnight and Europe followed suit as weak economic data out of Germany, France, and Italy strengthened the idea of rate cuts next year
Oil Prices & Rupee
Oil prices were little changed as investors eagerly awaited the outcome of an anticipated OPEC+ meeting that could lead to deeper supply cuts in 2024. Brent crude futures closed at $83.80 a barrel.
The Indian rupee fell to its lifetime closing low & was the worst performer among key Asian peers in November. The rupee ended at 83.3950 against the US dollar.
