Stock Market Updates: Sensex Rises 200 Points, Nifty Nears 24,000; Adani Green Up 9%
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Benchmark equity indices opened almost flat on Friday, following steep losses in the previous trading session
Stocks To Watch
Sensex Today: Benchmark equity indices opened almost flat on Friday, following steep losses in the previous trading session.
The BSE Sensex opened 12-odd points lower at 79,032, and soon jumped over 150 points to 79,200 levels. The NSE Nifty quoted around 23,960 – up 50 points.
Following yesterday’s sharp sell-off, investors are likely to remain nimble footed in today’s trading session, with focus on GDP numbers and Asian markets. On Thursday, the Sensex and the Nifty dipped up to 1.5 per cent each amid the monthly F&O expiry and concerns following a wide-spread attack by Russia on Ukraine energy-related infrastructure.
BSE Announces New Expiry Day for Derivatives Contracts
The Bombay Stock Exchange (BSE) has announced a change in the expiry day for its key weekly and monthly derivatives contracts, including Sensex, Bankex, and Sensex 50. The expiry day will shift from Friday to Tuesday, starting from January 1, 2025. Under the current schedule, the Sensex contracts for the November series will expire today.
Additionally, in a significant development for the markets, the Securities and Exchange Board of India (SEBI) has proposed the implementation of interoperability across stock exchanges for various segments, including cash, derivatives, currency, and interest rate derivatives. This change is expected to take effect from April 1, 2025.
Global Market Cues
Asian markets saw a dip on Friday, with the yen on track for its best weekly performance in four months, supported by strong inflation data that has led traders to anticipate an imminent rate hike from the Bank of Japan.
Japan’s Nikkei fell by 0.7%, with the yen strengthening following the release of Tokyo’s inflation data. Core consumer prices in Japan’s capital surged in November, remaining above the Bank of Japan’s 2% target, signaling broadening price pressures. The US dollar dropped 0.9% to 150.17 yen, marking a 3% weekly loss—the biggest since late July.
In other Asian markets, the Kospi plunged 1.7%, while Taiwan and the Hang Seng indexes each lost about 0.3%. However, China’s Shanghai Composite saw a slight gain of 0.2%.
US markets were closed on Thursday for the Thanksgiving holiday, but trading will resume tonight with a shortened session.
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