iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Indian Shares Rise on Financial Rebound and IT Optimism Amid Global Rally

21 Nov 2023 , 01:46 PM

Indian shares rise, led by a financial rebound and IT stock gains amid a global rally on the belief that U.S. interest rates have peaked. Sensex trades at Rs 66,005, up 0.53% from the previous close; Nifty at Rs 19,802, up 0.55%.

Twelve of 13 major sectors advance, with financials gaining 0.5%, breaking a two-session losing streak after RBI tightens consumer credit norms. IT companies benefit from U.S. revenue, with the IT index gaining 6.33% since soft U.S. inflation data on November 14.

Small-caps and mid-caps each gain about 0.4%, reaching fresh record highs. Metals gain 1.5%, realty index adds 1%.

Oberoi Realty rises 2% after announcing a luxury residential project in Thane, Maharashtra. Sunteck Realty up 2%, Motilal Oswal estimates 25% CAGR in earnings over fiscal 2023 and fiscal 2026. Titagarh Rail Systems climbs 9.5% to a record high after signing a partnership with ABB India for metro projects; ABB rises 1.7%.

For feedback and suggestions, write to us at editorial@iifl.com
 

Related Tags

  • market
  • news
  • nifty
  • sensex
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.