Sensex, Nifty Snap Winning Streak Dragged By HDFC Twins, Britannia
India's stock benchmarks snapped the two-day winning streak, as losses in metal, fmcg, consumer durables and financial stocks offset the gains in auto stocks, primarily driven by Mahindra & Mahindra's surge after Q2 beat.
The S&P BSE Sensex index fell 0.19% to 60,433.45. The NSE Nifty 50 Index declined by similar magnitude to 18,044.25. HDFC Bank Ltd. contributed the most to the index decline, decreasing 1.8%. Britannia Industries Ltd. had the largest drop, falling 2.6%. Today, 24 of 50 shares fell, while 26 rose.
The broader indexes outperformed their larger peers with the S&P BSE MidCap index and the S&P BSE SmallCap index gaining well over 0.6%. Fourteen of the 19 sectoral indexes compiled by BSE Ltd. advanced, with the S&P BSE Auto and Industrials indexes rising over 1.25%
The market breadth was skewed in the favour of bulls. About 2,006 stocks advanced, 1,305 declined and 168 remained unchanged.
Fairchem Organics Has 1.3 Million Shares Change Hands In Bunched Trade
Shares of Fairchem Organics Ltd. fell over 5% after 1.3 million shares (10% of equity) changed hands in bunched trade.
Details of buyers and sellers are not immediately known.
Iran Lifts Seasonal Ban On Rice Exports Ahead Of Schedule
Iran lifts seasonal ban imposed in August on rice exports, 12 days ahead of schedule on Tuesday, according to semi-official Iranian Students' News Agency.
Ban was originally scheduled to be lifted on November 21.
Ban was introduced to support domestic producers.
Iran bought 34% of India's basmati rice exports in 2018-19
India Poised to Achieve Services Export Target Of $1 Trillion By 2030: Minister of Commerce & Industry
India all set to achieve services export target of $1 trillion by 2030
India has the potential to become the top services exporter in the world.
Sectors like tourism, hospitality which suffered due to Covid-19, showing revival signs
India became the seventh largest services exporter in the world in 2020.
Piyush Goyal, Minister of Commerce & Industry at the Services Export Promotion Council - Global Services Conclave 2021
Source: Press Information Bureau
JSW Steel Reports October Production Of 1.43 Million Tonnes Vs 1.34 Million Tonnes YoY
JSW Steel reported production for October of 1.43 million tonnes vs 1.34 million tonnes YoY
October rolled long products production 3,34,000 tonnes, up 11% YoY
October rolled flat production production at 1.05 million tonnes, up 7.1% YoY
Commentary & Context
Crude steel production grew by 6% for October.
Average capacity utilisation for the month at 95%
Of the 33 analysts tracking the company, 20 maintained 'buy', seven maintained 'hold' and six maintained 'sell' recommendations.
S&P BSE Metal Index Declines; Jindal Steel & Power Down Over 2%
SBI Life Rises For The Sixth Day, On Track For Longest Winning Streak In 21 Months
Modison Metals To Enter Into MoU Into RENERA & LDrive LLC For Manufacture Of Battery Energy Storage System & EV Charging Infrastructure
Tata Power Shrugs Off Rating Downgrades By Citi & CLSA; Shares Advance For The Sixth Straight Session
Mahindra & Mahindra Jumps On Q2 Beat
J Kumar Infraprojects Reports Sequential Growth In Net Income, Revenue In Q2; Shares Rise
Nykaa To Make Trading Debut Wednesday
KKR Appoints KV Kamath As Senior Advisor For KKR India
European Markets Open Lower Ahead Of Germany, France Trade Data
Mid-Day Market Update: Sensex, Nifty Edge Lower; HDFC Bank Leads Decline
MRF Declines On Q2 Miss
JBM Auto Bags Supply Order For 200 AC Electric Buses For Delhi Transport Corporation; Shares Jump 10%
Future Retail Takes Steps to Salvage Proposed Deal By Reliance
Praj Industries Inks MoU With Indian Oil Corporation To Fast-Track Green Energy Transition, Product Alcohol To Jet Fuels
Sapphire Foods IPO Subscription Status: Day 1 Live Updates
Analyst Actions: Sun TV, Angel Broking
Paytm IPO Subscription Status: Day 2 Live Updates
Rupee In Longest Winning Streak Since 2019
Equitas Small Finance Bank Has 2.8 Million Shares Change Hands In A Bunched Trade
Broader Indices Outperform Their Larger Peers
India Yields Mostly Lower
Adani Power Has 2.1 Million Shares Change Hands In A Bunched Trade
TVS Motor Pares Gains After Firm Denies Report Of EV Unit Fund Raising
Nestle, Britannia Lead The Losses In NSE Nifty FMCG Index
Sobha Climbs As Q2 Net Income Beats Estimate
Lupin Voluntarily Recalls Specific Batches Of Gatifloxacin Ophthalmic Solution In U.S. Market
Aurobindo Pharma Jumps After Reporting Q2 Numbers
UltraTech Cement Commits To Cut Sectoral Carbon Dioxide By 25% By 2030
Ujjivan Small Finance Bank Declines The Most In Over 10 Weeks After Q2 Miss
Max Healthcare Has 2.14 Million Shares Change Hands In Two Bunch Trades
Britannia Slips On Q2 Miss Even As Analysts Highlight 'Unprecedented', 'Severe' Input Cost Inflation Impact
SH Kelkar Jumps Most In Seven Months After 9.5% Equity Changes Hands
Auto Stocks Advance
Opening Bell: Sensex, Nifty Open Little Changed; TVS Motor Up Nearly 9%
Sapphire Foods India IPO Attracts Singapore Government, Abu Dhabi Fund
TVS Motor In Talks With Global PE Investors To Raise Up To $500 Million For EV Unit: Economic Times
Analyst Actions: Muthoot Finance, Sun TV
Rupee May Gain More From Share Sale Inflows
SGX Nifty Hints At Muted Open; RIL, Britannia, Aurobindo Pharma, Sobha In Focus
- Paytm IPO Subscription Status: Day 2 Live Updates
- TVS Motor Pares Gains After Firm Denies Report Of EV Unit Fund Raising
- Sobha Climbs As Q2 Net Income Beats Estimate
- Aurobindo Pharma Jumps After Reporting Q2 Numbers
- Britannia Slips On Q2 Miss Even As Analysts Highlight 'Unprecedented', 'Severe' Input Cost Inflation Impact