Stock Market Daily Update: Mid-cap and Small-Cap Stocks Lead Gains

In today’s stock market update, mid-cap and small-cap stocks emerged as the top performers, while the realty and pharma sectors witnessed substantial gains. However, the financial services sector experienced a decline. Let’s take a closer look at the key highlights from the stock market:

Market Trends

• Mid-cap and Small-cap Stocks: Mid-cap and small-cap stocks showed remarkable strength, outperforming their larger counterparts.
• Sectoral Performance: The realty and pharma sectors were the day’s top gainers, while financial services stocks faced a decline in their value.

Asian Markets

• China, Hong Kong, and Japan: These Asian markets closed in the red, reflecting negative sentiment.
• Taiwan: In contrast, the Taiwan market saw an upward trend.

Top Gainers

The following stocks were among the top gainers:

• NIFTY 50
• BPCL: Rs 384.20 (▲ 3.06%)
• Adani Ports: Rs 818.70 (▲ 2.65%)
• Asian Paints: Rs 3,095.25 (▲ 2.04%)
• Cipla: Rs 1,241.00 (▲ 2.02%)
• Titan: Rs 3,311.85 (▲ 1.27%)

Top Losers

On the other hand, the following stocks experienced losses:

• NIFTY 50
• ICICI Bank: Rs 935.75 (▼ 1.30%)
• NTPC: Rs 236.70 (▼ 1.02%)
• Infosys: Rs 1,391.00 (▼ 0.95%)
• Tech Mahindra: Rs 1,139.15 (▼ 0.86%)
• Tata Consumer: Rs 916.30 (▼ 0.62%)

Quarterly Results

Power Grid reported a 4% increase in net profit, reaching Rs 3,781 crore, while revenue stood at Rs 11,267.07 crore. The company declared an interim dividend of Rs 4 per share.

News Highlights

• Indian Railways has canceled the operation of the Tejas Express train on November 12th due to Diwali.
• The India vs. South Africa cricket match recorded a live viewership of 4.4 crore, marking the highest ever viewership on Disney+ Hotstar.

Stock Market Stocks in the News

Several stocks made headlines today:

• IndiGo: The airline mentioned that some of its planes could be grounded due to engine issues.
• Mazagon Dock: The company will provide a dividend of Rs 15.34 per share.
• Adani Ports: The US International Development Finance Corporation is set to invest $553 million in the Colombo port terminal project, which is partially owned by Adani Ports and SEZ.
• Wipro: The company has reportedly asked all its employees worldwide to work from the office at least thrice a week.
• Inox Wind: The company plans to raise Rs 500 crore through the issuance of preference shares.
• Genus Power: The company secured an order worth Rs 2,259.94 crore for a smart meter project.
• Reliance Industries: According to reports, Reliance Industries is planning to raise up to Rs 20,000 crore through bonds.

IPO Corner

Subscription updates for IPOs:

• Protean eGov Technologies IPO has been subscribed 23.86 times, with retail investors subscribing 8.93 times.
• ASK Automotive IPO has been subscribed 1.35 times, with retail investors subscribing 1.68 times, and it remains open for subscriptions until November 9th.

Market Indices and Currency Exchange

1 Day Change in key indicators:

• Gold: ₹60,299 (▲ 0.05%)
• Silver: ₹70,378 (▼ 0.59%)
• USD-INR: ₹83.27/USD (▲ 0.01%)
• Dow Jones: 34,152.60 (▲ 0.17%)
• Nasdaq: 13,639.86 (▲ 0.90%)

Long-Term Returns

Long-term returns over the past 20 years:

• Sensex (India): ▲ 13.68% p.a.
• Nifty (India): ▲ 13.32% p.a.
• Dow Jones (US): ▲ 6.43% p.a.
• Nasdaq (US): ▲ 10.15% p.a.

This comprehensive update provides a snapshot of the stock market’s performance, highlighting the sectors and stocks that have shown strength and weakness, along with key news and IPO updates.

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