Mid-Day Share Market News: Sensex Rises 500 Points, Nifty Above 24,300 on Adani, Bank Stock Gains - Read Now 

Mid-Day Share Market News: The Indian share market witnessed strong momentum on November 27, with the Sensex climbing 500 points from the day’s low and the Nifty crossing 24,300. Banking, energy, and auto stocks led the recovery, while Adani Group stocks made a sharp rebound.

Mid-Day Share Market News: Sensex and Nifty Overview

By midday, the Sensex was up 208.62 points or 0.26% at 80,212.68, while the Nifty gained 57.30 points, trading at 24,251.80. Advancing shares outnumbered declining ones, with 2,196 shares up, 1,129 down, and 116 unchanged.

Market strategist Anand James from Geojit Financial Services pointed out, “Dips are being picked up, with upsides capped for now. Medium-term targets for Nifty at 25,262 remain achievable if recoveries hold above 24,030 and breakouts occur above 24,420.”

Mid-Day Share Market News: Adani Stocks Rebound Strongly

The Adani Group stocks surged up to 7%, driven by clarity from Adani Green Energy Ltd. refuting bribery allegations under the US Foreign Corrupt Practices Act (FCPA). This recovery follows a difficult period for Adani stocks, which faced heavy selling pressure due to media reports alleging corruption.

Mid-Day Share Market News: NTPC Green Energy: Post-Listing Surge

Shares of NTPC Green Energy, listed today, rallied 13% in the afternoon, outperforming early expectations. Despite a muted debut with a 3% gain, investor sentiment turned positive, pushing the stock higher.

The PSU’s parent company, NTPC, also saw a sharp rise of over 2% as analysts predicted strong performance in the renewable energy segment. NTPC Green’s IPO has positioned the company to accelerate its 60 GW renewable energy target by 2032.

Mid-Day Share Market News: Sectoral Performances

• Top Gainers:
  Nifty Bank, Auto, and Energy indices outperformed. M&M rose on the back of its new SUV launches, while Hyundai Motor India gained nearly 2% after JPMorgan’s ‘overweight’ call.

  • Energy stocks like NTPC, Adani Power, Adani Green, and Tata Power rallied significantly.
  • The banking sector saw positive momentum, supported by attractive valuations and easing of foreign institutional investor (FII) selling pressure.

• Top Losers:
  Sectors like FMCG, Pharma, and Realty declined as investors booked profits.

  • Nifty FMCG slid by 0.4%, weighed down by HUL, ITC, Britannia, and Tata Consumer Products. Analysts cited weak consumption trends and limited near-term upside.
  • Nifty Realty dropped after last week’s 8% rally, with profit-taking dominating the sector.

Ola Electric Gains on Product Launch

Ola Electric shares surged 9% following the unveiling of its most affordable electric scooters, the S1 Z and Gig range, with prices starting at ₹39,000. Citi’s initiation of coverage with a ‘Buy’ rating and a target price of ₹90 further boosted the stock, indicating an upside potential of 23% from its last close of ₹73.

Broader Market Highlights

The broader market outperformed, with midcap and smallcap indices gaining 0.2% and 0.8%, respectively. These segments have delivered a 21% year-to-date return, far outpacing the 11% gains recorded by the NSE Nifty during the same period.

Expert Take on Market Sentiment

Market expert V K Vijayakumar from Geojit Financial Services noted that the absence of immediate catalysts limits significant upside for the market. However, the easing of FII selling pressure has provided some stability.

He added, “Donald Trump’s proposed tariffs are unlikely to impact India immediately but may attract scrutiny later due to the trade surplus with the US.”

Nifty’s Path Forward

As the Nifty holds above 24,300, market analysts highlight key resistance and support levels:

• Upside resistance: 24,420
• Downside support: 24,030
  If the index breaks above these levels, the medium-term target of 25,262 remains achievable, as long as recoveries continue.

Top Movers on the Nifty

• Top Gainers:
  Adani Enterprises, Adani Ports, Bharat Electronics, NTPC, and Trent.
• Top Losers:
  Cipla, UltraTech Cement, Titan, ONGC, and Britannia Industries.

Also Read: NTPC Green Energy IPO Listing Today: A Milestone in Nation-Building and Renewable Growth - Read Now