Today’s stock market: On Tuesday, November 19, the local stock market continued to rise despite buying in all sectors after opening with respectable gains.

The S&P BSE SENSEX was up 723.03 points, or 0.93%, at 78,062.04 levels at 9:54 AM. The wider NIFTY50 index was up 212.20 points, or 0.90%, at 23,666 levels.

ONGC, NTPC, Trent, BPCL, and Tata Motors were the top gainers on the NIFTY50 index. SBI Life, Sun Pharma, Shriram Finance, HDFC Life, and Kotak Mahindra Bank were the top five losses.

Early trading saw all sectoral indexes trading in the green, with oil and gas stocks leading the pack and cars coming in second.

The BSE OIL & GAS index was up 333.44 points, or 1.29%, at 26,105.58 levels.

Buzzing Stocks

As the company, through its wholly-owned subsidiary, PG Technoplast Pvt. Ltd., signed a definitive agreement with Spiro Mobility to become an exclusive manufacturing partner for the manufacturing of the EVs of Spiro Mobility (Spiro) in India, shares of PG Electroplast surged up to 15% to reach a 52-week high of ₹718.35 apiece on the BSE.

ONGC’s stock surged 4.2% to ₹255.30 per share on the BSE after ONGC NTPC Green Private Ltd (ONGPL) was established as a 50:50 joint venture between ONGC Green Limited and NTPC Green Energy Limited.

In order to investigate and establish renewable energy (RE) projects and assets in India and abroad through greenfield development and acquisitions, the JV was established.

Broader Market

Up 602 points, or 1.36%, the BSE MidCap index was trading at 44,815.34 levels. At 52,822.02 points, the BSE SmallCap index continued to rise by 1.54%.

International Markets

As traders awaited the appointment of President-elect Donald Trump’s cabinet and tried to predict the prospects for Federal Reserve easing, Asian equities increased on Tuesday but US bond rates and the currency retreated from multi-month highs.

Although the potential for significant movements was constrained by Nvidia’s impending reports on Wednesday, tech shares rose in tandem with Wall Street’s comeback from last week’s sharp losses.

At the time this article was filed, South Korea’s Kospi and Australia’s equity benchmark also saw slight increases of 0.1% and 0.2%, respectively, in the Nikkei of Japan.

In commodities, U.S. West Texas Intermediate crude futures were up 8 cents at $69.26 a barrel, while Brent crude futures increased 7 cents to $73.37 a barrel.

The closure of Norway’s enormous Johan Sverdrup oilfield because of a power failure also helped to boost crude.