After a flattish day in green on Wednesday, both benchmark indices Sensex and Nifty ended in the negative zone on the same note on Thursday. Sensex declined by 0.0082 per cent while Nifty lost 0.050 per cent.
Commenting on the market's performance, Vinod Nair, Head of Research at Geojit Financial Services, said, "Range-bound momentum continued on main indexes as the market looked for new triggers for a decisive move beyond the 19800 level. However, broad markets’ undercurrent is strong and rapid buying has emerged in the mid- and small-cap counters as bargaining strategy arose on recent underperforming stocks. The declining oil prices and ease in US bond yields are the key positives for a broader recovery for the market."
Ahead of the final trading session of the week, it is important to note markets are scheduled to be closed on Monday due to Gurunanak Jayanti.
Here are the top stocks to watch on 24 November:
1) BHEL: BSE and NSE have imposed a penalty of Rs 1.82 lakh each on the company for not complying with regulations related to composition of board members. The company has been fined due to insufficient number of independent directors. The shares of the firm had closed 1.42 per cent higher on Thursday at Rs 143.15.
2) JSW Steel: JSW Steel has completed its strategic investment of Rs 750 crore in JSW Paints. Company's stake has went up to 12.84 per cent in JSW Paints. Its share had closed at Rs 776.60, a gain of 1.06 per cent.
3) TCS: Company's shares will turn ex-buyback on November 25, the record date for its buyback plan. The shares of the company declined by 0.66 per cent to close at Rs 3,507 on Thursday.
4) Lupin: The firm received approval from US FDA for new drug application on its Canagliflozin tablets. As per reports, the manufacturing of these tablets will take place at its Pithampur facility in India. Lupin shares closed at Rs 1,197.35 on Thursday, a decline of 1.74 per cent.
5) NMDC: Firm's price hikes of lumps and fines took effect from November 23, as per a CNBC-TV 18 report. The shares of the company closed at Rs 172.70 after gaining 0.70 per cent.
