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The short-term trend of Nifty continues to be positive. Having witnessed a decisive upside breakout of 19,900 levels, there is a possibility of continuation of sharp upside momentum for Nifty in the coming sessions. Open Interest (OI) data showed the call side had the highest OI at the 45,000 level, followed by 45,500 strike prices. On the put side, the highest OI was observed at the 44,000 strike price

Tata Motors shares rose to a lifetime high of Rs 714.40 on the National Stock Exchange intraday, before settling at Rs 712.35 with a little over 2% gains. The gains in the stock were backed by strong volumes of more than 16 million shares, way above the three-month daily average trading volume of over 9 million shares.

Sensex rallied 727 points and Nifty closed above the 20,000 mark for the first time since September 18 driven by buying in heavyweight HDFC Bank, Axis Bank ICICI and TCS on expectations of more foreign fund inflows.

At the end of trade, the market capitalisation of BSE-listed companies reached Rs 3,31,05,425.71 crore, which translates to USD 3.97 trillion at the current exchange rate of 83.34, thanks to a fag-end recovery in the equity market after a highly volatile trade.

IREDA IPO | This would be first government company listing after Life Insurance Corporation of India in May 2022, while it would also be the first amongst the five IPOs closed last week

The total bids for five IPOs surpassed Rs 2.5 lakh crore with Tata Technologies’ public issue alone garnering bids worth over Rs 1.56 lakh crore

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Nifty 50 closed 95 points, or 0.48 per cent, higher at 19,889.70 while the Sensex ended with a gain of 204 points, or 0.31 per cent, at 66,174.20.

IDBI Capital Markets, BoB Capital Markets and SBI Capital Markets are the book running lead managers to the issue, while Link Intime India is the registrar for the issue.

Nifty 50 index closed 0.48 per cent higher or 95 points at 19,832, while the Sensex settled with 0.31 per cent or 204 points gain at 66,174, , stock market, nifty, sensex, national stock exchange, bombay stock exchange, retail investors, Intraday, Adani Stocks, metal stocks, energy stocks