November 16, 2021

sensex today: CLOSING BELL: Sensex stages 615-pt rebound, ends 77 pts higher; Nifty tops 15,800; BHEL, Adani Ports drop up to 12%

Sensex and Nifty50 recovered intraday losses to close higher for a third straight day. Buying interest was seen in select IT and PSU bank stocks. Selling pressure was witnessed in metal, real estate and select private bank names. Divi’s Labs was the top gainer among blue-chip stocks, ending 1% higher. Tata Motors, RIL, Wipro, Bajaj Finance, ONGC, Power Grid and Shree Cement were among other top performers. Adani Ports was the worst hit scrip in the Nifty50 universe, ending 9% lower. CIL, Kotak Bank, HDFC, NTPC, Bajaj Auto, Hero MotoCorp and Sun Pharma were among other losers. Fear gauge VIX surged 4%.

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Brace for new profit growth cycle, revenge spending, says HDFC MF’s Navneet Munot

“Earnings growth will be driven by a strong tailwind from global reflation and a steady, broadbased growth cycle along with gains from innovation and cost…

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