Stock Market Live Updates 27 November 2024: Sensex, Nifty open lower amid mixed global cues

Sensex, Nifty updates on November 27, 2024: Indian benchmark indices opened weak on Wednesday, with the BSE Sensex falling 57 points to 79,947.05 and the NSE Nifty dropping 11.95 points to 24,182.55. Analysts noted a consolidation phase for the Nifty, with the India VIX rising marginally to 15.3050, reflecting elevated uncertainty. Open interest analysis highlights resistance at the 24,500 and 24,700 levels, while strong support exists at 24,000 and 23,500. Investors are advised to accumulate quality stocks during dips within these zones, maintaining disciplined risk management strategies. Analysts expect the market to remain lacklustre, with focus on derivative rollovers ahead of Thursday’s expiry of November contracts. Options data reveals balanced sentiment, with key activity between the 24,300–24,500 call range and the 24,200–24,000 put range. The put-call ratio fell to 0.93, suggesting subdued sentiment, while the “max pain” level at 24,250 limits downside risks. Foreign portfolio investors’ return as buyers offers some optimism. Adani stocks staged a recovery around 9:40 AM, with Adani Energy Solutions rising by 2.54%, Adani Power gaining 2.11%, Adani Enterprises up 1.74%, Adani Green Energy increasing by 0.71%, Adani Total Gas climbing 1.53%, Adani Ports & SEZ improving 0.55%, Adani Wilmar edging up 0.45%, Ambuja Cement rising 0.53%, ACC increasing by 0.22%, and NDTV gaining 0.40%.