As per closing provisional data, the barometer index, the S&P BSE Sensex, was up 306.55 points or 0.47% to 65,982.48. The Nifty 50 index added 89.75 points or 0.46% to 19,765.20.

In the broader market, the S&P BSE Mid-Cap index and the S&P BSE Small-Cap index rose 0.52%. The S&P BSE Mid-Cap index hit a record high at 33,370.16 in intraday today.

The market breadth was positive. On the BSE, 2,025 shares rose and 1,724 shares fell. A total of 125 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 4.60% to 11.65.

Stocks in Spotlight:

Tata Consultancy Services (TCS) jumped 2.79% after the IT major fixed 25 November 2023 as the record date for proposed share buyback. The board also noted the intention of the promoter companies of TCS, Tata Sons and Tata Investment Corporation of participating in the proposed buyback. Tata Sons and Tata Investment Corporation intends to tender 2,96,03,690 shares and 11,358 shares, respectively in the buyback.

Bajaj Finance rose 2.01%. The Reserve Bank of India (RBI) directed the NBFC to stop sanction and disbursal of loans under its two lending products ?eCOM? and ?Insta EMI Card?, with immediate effect.

Satin Creditcare Network advanced 2.57% after the company announced that its board will meet on Monday, 20 November 2023 to consider raising of funds by issuing non-convertible debentures (NCDs) on private placement basis.

Suzlon Energy rallied 3.70% after the company?s S144 ? 3 mega watt (MW) series of wind turbines which are extendable to 3.15 MW gets Revised List of Models & Manufacturers (RLMM) listing from Ministry of New and Renewable Energy (MNRE).

RateGain Travel Technologies declined 1.37%. The company announced that its board approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 676.66 per share.

Pennar Industries soared 11.16% after the company has secured orders worth Rs 669 crore across its various business verticals.

Bondada Engineering hit an upper circuit of 5% after the company announced that it has bagged an order from Bharat Sanchar Nigam (BSNL) worth Rs 34.35 crore.

Gensol Engineering rose 0.11%. The company announced that it has emerged as lowest bidder for NHPC?s landmark green hydrogen mobility station EPC project in Kargil, Ladakh.

Global Markets:

Markets in Europe were mixed while most of the Asian stocks declined on Thursday as investors digested high-level discussions between U.S. President Joe Biden and Chinese President Xi Jinping.

Biden and Xi met Wednesday outside of San Francisco in their first face-to-face meeting in a year. The talks were on the sidelines of the Asia-Pacific Economic Cooperation conference and were a part of efforts between the U.S. and China to boost high-level communication amid continued tensions.

US stocks ended higher on Wednesday, building on the strong rally from Tuesday, on the back of more encouraging inflation data. Another reading on U.S. inflation showed October?s producer price index, which measures wholesale prices, fell by 0.5% to mark its biggest monthly drop since April 2020.

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