Sensex, Nifty Decline For Second Session Dragged By Banking, Metal Stocks
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
Aurobindo Pharma Jumps Despite Q2 Miss As Analysts Cite U.S. Sales Growth, Order Pipeline As Growth Drivers
Redington India Logs Sequential Growth In Net Profit; Shares Advance
Nykaa Lists At 78% Premium On Market Debut
API Holdings Files Draft Red Herring Prospectus For IPO
M&M Climbs As Analysts Cite Healthy Order Pipeline & Demand Revival As Key Growth Drivers
- Oldest First
Closing Bell
India's stock benchmarks declined for the second consecutive session, dragged by losses in metals, realty and private banks. Investors await U.S. inflation data, scheduled to be released later today, as they look to access the pace and extent of the recovery.
The S&P BSE Sensex index fell 0.13% to 60,352.82. The 30-stock gauge had shed nearly 0.8% in intraday trade to 59,967.45.The NSE Nifty 50 Index declined by similar magnitude to 18,017.20. HDFC Bank Ltd. contributed the most to the index decline, decreasing 1.1%. IndusInd Bank Ltd. had the largest drop, falling 3.4%. Today, 26 of 50 shares fell, while 24 rose.
The S&P BSE MidCap index underperformed its larger peers slipping 0.5% while the S&P BSE SmallCap index outperformed as it remained little changed. Twelve of the 19 sectoral indexes compiled by BSE Ltd. declined, with the S&P BSE Metal shedding over 2% and S&P BSE Realty index losing over 1.6%
The market breadth was skewed in the favour of bulls. About 1,720 stocks advanced, 1,587 declined and 151 remained unchanged.
Cabinet Approves Mechanism For Procurement Of Ethanol By Oil Companies
Cabinet approves mechanism for procement of ethanol by public sector oil market companies under Ethanol blended petrol programme
-Principal Spokesperson, Government of India
#Cabinet approves mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol programme #CabinetDecisions pic.twitter.com/uUhgWe0PIv
— Jaideep Bhatnagar (@DG_PIB) November 10, 2021
Cabinet Approves Reservation Norms For Jute Packaging
Cabinet approves reservation norms for Jute Packaging Materials for Jute Year 2021-22
100% foodgrains and 20% of sugar to be packed in jute bags
-Principal Spokesperson, Government of India
100% foodgrains and 20% of sugar to be packed in jute bags as #Cabinet approves reservation norms for Jute Packaging Materials for Jute Year 2021-22 under JPM Act, 1987
— Jaideep Bhatnagar (@DG_PIB) November 10, 2021
Move to bring relief to 3,70,000 workers employed in jute mills and ancillary units#CabinetDecisions pic.twitter.com/WOjFvHVdR4
NSE Nifty Realty Index Down Over 1%; Macrotech, Sobha Buck The Trend
TVS Motor On Track For The Longest Winning Streak In Over 18 Years; RSI Above 70
Shares of TVS Motor Company Ltd. rose for the ninth straight day, on track for the longest winning streak in over 18 years. TVS Motor stock rose over 3% in intraday trade to Rs 754 apiece.
Shares of TVS Motor rose 20% during the streak while the S&P BSE Sensex Index fell 1.2% over the corresponding period.
This is the longest winning streak for the stock since the period ended May 12, 2003.
The relative strength index on the stock was 87, suggesting it may be overbought.
Of the 46 analysts tracking the company, 27 maintained 'buy', seven maintained 'hold' and 12 maintained 'sell' recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 13%.