The Indian stock market witnessed a dynamic day of trading, with mid-cap and micro-cap stocks emerging as the top performers. Among the sectors, metal and oil & gas experienced notable gains, while media and auto sectors faced declines. Here’s a snapshot of the market highlights in a simplified manner:
Top Gainers and Losers in Stock Market
Top Gainers:
- NIFTY 50
- NTPC: Rs 242.75 ▲ 2.02%
- ONGC: Rs 195.90 ▲ 1.66%
- Tech Mahindra: Rs 1,138.15 ▲ 1.26%
- Tata Consumer: Rs 912.70 ▲ 1.09%
- Ultra Tech: Rs 8,710.85 ▲ 0.97%
Top Losers:
- NIFTY 50
- Hero Moto: Rs 3,105.20 ▼ 2.16%
- M&M: Rs 1,524.10 ▼ 1.80%
- HCL Tech: Rs 1,255.45 ▼ 0.95%
- Titan: Rs 3,256.35 ▼ 0.83%
- Hindalco: Rs 481.30 ▼ 0.65%
Quarterly Results
Hindalco:
- Net profit declined by 0.4% YoY to Rs 2,196 cr.
- Revenue decreased by 3.5% to Rs 54,169 cr.
Coal India:
- Net profit increased by 12.5% to Rs 6,800 cr.
- Sales rose by 10% to Rs 29,978.01 cr.
- Declared a dividend of Rs 15.25 per share. Record date: 21 Nov 2023.
M&M:
- Net profit rose by 67% to Rs 3,452 cr.
- Revenue increased by 15.7% to Rs 24,309.89 cr.
Economic Indicators
- India’s net direct tax collections rose by 21.8% to Rs 10.6 lakh cr by 9 Nov.
- Industrial production grew by 5.8% in September, compared to 10.3% in August and 3.3% YoY.
- Forex reserves increased by $4.67 billion to $590.78 billion for the week ending 3 Nov.
Other Market News
- The world’s first chikungunya vaccine, Ixchiq, has been approved by the US FDA.
- RBI canceled the certificate of registration of 2 NBFCs — Todays Holdings Pvt and Integrated Finance Co.
Stocks in the Spotlight
- Ashok Leyland: Will invest Rs 1,200 cr in its EV subsidiary Switch Mobility.
- Apollo Hospitals: Plans to invest Rs 3,435 cr in expanding its bed capacity.
- Welspun Corp: Signed a contract with Saudi Aramco worth about Rs 1,000 cr for manufacturing and supply of steel pipes.
- InterGlobe Enterprises: Planning to launch an all-electric air taxi service in India in 2026.
- LIC: Reported a 50% YoY decline in net profit to Rs 7,925 cr.
IPO Corner
Listing:
- ESAF Small Finance Bank listed at a premium of 18.3%.
1 Day Change:
- 🥇 Gold: ₹59,862 ▼ 0.01%
- 🥄 Silver: ₹70,478 ▼ 0.26%
- 💲 USD-INR: ₹83.34/USD ▲ 0.06%
- 🇺🇸 Dow Jones: 33,891.94 ▼ 0.65%
- 🇺🇸 Nasdaq: 13,521.45 ▼ 0.94%
Long Term Returns
Past 20 yrs:
- 🇮🇳 Sensex ▲ 13.67% p.a.
- 🇮🇳 Nifty ▲ 13.29% p.a.
- 🇺🇸 Dow Jones ▲ 6.39% p.a.
- 🇺🇸 Nasdaq ▲ 10.10% p.a.
The market displayed diverse movements across sectors and stocks, indicating the dynamic nature of the current economic landscape. Investors are advised to stay informed and make strategic decisions based on a thorough understanding of these market dynamics.