US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,560 level, a premium of nearly 25 points from the Nifty futures’ previous close.

The stock market saw a dramatic surge on November 22, 2024, with Sensex closing 1961 points higher at 79,117 and Nifty rising 557 points to hit 23,907. Strong gains in the finance, FMCG, and IT sectors fueled the rally.

Sensex tumbled by 821 points to close at 78,675, while the Nifty dropped 258 points to end at 23,883, marking its lowest level in nearly five months. The Nifty Bank index slid by 719 points to 51,158,

The Nifty 50 closed the session with a decline of 0.34%, settling at 23,453 points. The S&P BSE Sensex closed 110 points, or 0.33%, lower at 77,327. Metal stocks surged up sharply after China’s finance ministry last week proposed to reduce or cancel export tax rebates for commodities.

The major draggers of the day were Adani Group stocks that nosedived by 10% to 25% in a single day, after an indictment against Gautam Adani in the US for an alleged bribery scheme and fraud. Apart from this,

Indian stock market posted strong gains on November 22 with benchmark indices recording their biggest single-day gains in more than five months amid buying across sectors and recovery in Adani group stocks.

The Nifty 50 closed the session with a decline of 0.03%, settling at 24,141 points. The S&P BSE Sensex closed 52.51 points, or 0.07%, lower at 79,433.