Stock Market Live Updates 28 November 2024: Sensex, Nifty open with modest gains; higher volatility expected on derivative expiry day

Sensex, Nifty, Share Price LIVE: Indian benchmark indices, Sensex and Nifty, opened flat on Thursday, showing a positive bias amidst mixed global cues. The Sensex rose by 57.52 points to 80,291.59, and the Nifty gained 26.70 points to 24,301.60 in early trade. Analysts anticipate heightened volatility in individual stocks due to derivative contract settlements. Market sentiment has been bolstered by easing geopolitical tensions and record highs on Wall Street, alongside resuming foreign portfolio inflows after two months of selling. However, Emkay Wealth Management predicts potential time corrections due to high valuations, while also highlighting stock-specific opportunities. Meanwhile, JM Financial sees an opportunity for India to benefit from US President-elect Trump’s tax proposal, particularly with tariffs targeting China. The options market reflects balanced sentiment, and India’s VIX dropped by 4.44%, signaling a bullish outlook as volatility levels remain under control, fostering buying interest.