Stock Market Daily Updates

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:

1. 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:

1. 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.

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