Market at Close | Sensex surges 759 points, Adani Green jumps 20% as pharma and auto stocks shine

Indian equity markets rebounded strongly on Friday (November 29), erasing the previous session’s losses. The BSE Sensex surged 759 points to close at 79,803, while the NSE Nifty climbed 217 points, ending above the 24,100 mark at 24,131. However, broader markets underperformed, with the Midcap Index posting a modest 92-point gain to 56,393.

From the Sensex basket, Bharti Airtel Ltd, Sun Pharmaceutical Industries Ltd, Mahindra & Mahindra Ltd, UltraTech Cement Ltd and Reliance Industries Ltd. Power Grid Corporation of India Ltd, Nestle India Ltd and Tech Mahindra Ltd were the biggest laggards.

Cipla, Sun Pharma and Divi’s Laboratories emerged as the top Nifty gainers. Auto stocks, excluding Hero MotoCorp, also rallied ahead of monthly sales data, with Mahindra & Mahindra gaining over 2%.

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Adani Green Energy marked its biggest single-day gain in a year, soaring 20%. Reliance Industries ended near the day’s high, advancing nearly 2%. Bharti Airtel surged 4% after ICICI Securities upgraded the stock to ‘Buy,’ while life insurance stocks recovered in late trading, with SBI Life closing 3% off its intraday lows.

Other notable movers included Enviro Infra, which debuted strongly, closing its first trading day with a 40% gain, and Allied Blenders, which rose 4% after ICICI Securities initiated coverage with a ‘Buy’ rating.

In contrast, Ola Electric snapped a five-day winning streak, dropping nearly 6%, while CreditAccess Grameen plunged 9% following a downgrade to ‘Sell’ by Goldman Sachs.

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In the infrastructure space, NCC climbed 2% after securing a ₹3,389 crore order in Madhya Pradesh. Ashoka Buildcon also gained 2% late in the session after bagging a ₹1,055 crore order, and Power Mech Projects advanced over 2% on securing a ₹510 crore contract.

Zee Entertainment surged 4% after shareholders rejected a proposal related to Punit Goenka, while CAMS and Paytm hit 52-week highs, buoyed by their inclusion in the derivatives segment.