The domestic stock market showcased impressive gains in the afternoon session on December 5, 2024. As of 1:21 PM, the S&P BSE SENSEX surged by 571 points, or 0.71%, reaching 81,527.37, while the NSE’s NIFTY50 climbed 143 points, or 0.58%, to trade at 24,610.25.
Buzzing Stocks:
- Swiggy and Zomato: Both online food aggregators hit record highs, with Zomato shares rising 6.35% to ₹304.50 and Swiggy surging 11.35% to ₹576.95.
- Greaves Cotton: The engineering conglomerate saw its shares rally by 8.5% to a 52-week high of ₹206.85.
- Reliance Power: Shares reached the upper circuit limit for the second day, trading at ₹43.14 after SECI withdrew a debarment notice.
- Kalpataru Projects International: The stock rose over 7% to ₹1,249.90 following new orders worth ₹2,273 crore.
- HEG Ltd: Shares gained 6.4% to ₹619.25 after a significant block deal.
- Divi’s Labs and Vodafone Idea: Both stocks faced declines due to regulatory news and capital raising plans, respectively.
Overall, the market breadth remained positive with more advances than declines, indicating strong investor sentiment amidst ongoing trading activity.
