Stock Market Close Highlights: Sensex settles flat at 79,496, Nifty at 24,141; IT, banks lead

Stock Market Today: 30 out of the 50 constituent stocks ended in the red, dragged down by Asian Paints, Britannia, Apollo Hospitals, Cipla, and ONGC, with losses extending up to 8 per cent

Stock Market Highlights, Monday, November 11, 2024: The benchmark equity indices, BSE Sensex and NSE Nifty50, ended Monday's choppy session on a flat note. The BSE Sensex closed at 79,496.15, up 9.83 points or 0.01 per cent from its previous close. The index traded within a range of 80,102.14 - 79,001.34 during the day.

The NSE Nifty50, on the other hand, settled at 24,141.30, down just 6.90 points or 0.03 per cent from its previous close. The index moved within a range of 24,336.80 to 24,004.60 on Monday.

30 out of the 50 constituent stocks ended in the red, dragged down by Asian Paints, Britannia, Apollo Hospitals, Cipla, and ONGC, with losses extending up to 8 per cent.

Conversely, Power Grid Corporation, TCS, HCL Tech, Infosys, and Tech Mahindra were among the 19 stocks that ended in the green, with gains reaching up to 4.35 per cent on Monday. Meanwhile, Bajaj Auto ended flat. 

The broader markets settled in the red, with Nifty Smallcap100 and Nifty Midcap100 falling 1.20 per cent and 0.88 per cent, respectively.

All sectoral indices ended in the red, except for Nifty IT, Financials, and Banking (Bank Nifty, Private Bank, and PSU Bank). Among others, Nifty Healthcare, Metal, and Media indices fell over 1 per cent each.

4:03 PM

Stock Market Highlights LIVE Updates: Underlying trend of Nifty remains choppy with weak bias

After showing upmove in the last couple of sessions, Nifty witnessed high volatility on Monday and closed the day lower by 06 points. Nifty opened on a negative note and slipped into further weakness soon after the opening. Sharp intraday upside recovery was seen from the low of 24K mark in the early-mid part, but the market was not able to sustain the upside bounce and slipped into weakness from the highs in the afternoon to later part of the session.

 

A small bullish candle was formed on the daily chart with long upper shadow. Technically, this pattern is indicating an inability of bulls to sustain the upside bounce. Though, market declined in the last couple of sessions, the sharp downside momentum was absent. This market action could bring some hopes for bulls to make a comeback from the lows.

 

The underlying trend of Nifty remains choppy with weak bias. The market is moving in a broader high low range of 24600-23800 levels. Having declined from the upper range recently, Nifty is expected to witness upside bounce from near the lower range of 23800 levels in the short term. Immediate resistance to be watched around 24300.

(View by: Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities)

3:54 PM

Stock Market Highlights LIVE Updates: Actions of FIIs are dominating the current market momentum

The actions of FIIs are dominating the current market momentum, which is backed by a weak set of earnings and expectations from Trump policy. The risk of further downgrades in Nifty earnings casts clouds over investor sentiment, while the IT sector continued to outperform due to the strong US dollar and in anticipation of a revamp in US IT spending. India is also looking forward to the CPI data with a muted view as food prices are likely to be higher on MoM basis, essentially forging RBI to hold the interest rates in the short-term.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)

3:50 PM

Stock Market Highlights LIVE Updates: Powergrid, Trent gain on NSE

Powergrid, Trent, and HCL Tech were among the top gainers on NSE.

3:44 PM

Stock Market Highlights LIVE Updates: Nifty Media, Metal, Healthcare lose among sectors

Nifty Media, Nifty Metal and Nifty Healthcare index were among the top losers among sectoral trends. 

3:41 PM

Stock Market Highlights LIVE updates: Broader markets bleed

The BSE MidCap index fell 0.79 per cent, while the BSE SmallCap index slipped 1.14 per cent. 

3:38 PM

Stock Market LIVE Updates: 18 out of 30 stocks in red

Asian Paint, Bajaj Finance and M&M were the top losers on BSE Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty closes below 24,150

NSE's Nifty50 closed at 24,123 level, down 25 points or 0.10 per cent on Monday.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex ends flat at 79,496

The BSE Sensex closed on a flat note with a negative bias on Monday at 79,496 level, up 9 points or 0.01 per cent.

3:28 PM

Stock Market LIVE updates: Equity inflows at Rs 41,865.4 cr in Oct vs Rs 34,393 crore in Sept

In October, equity inflows totaled Rs 41,865.4 crore, compared to Rs 34,393 crore in September. Large-cap funds saw inflows of Rs 3,452.3 crore, up from Rs 1,769 crore in the previous month, while small-cap funds attracted Rs 3,772 crore, an increase from Rs 3,071 crore. Gross SIP inflows also rose to Rs 25,323 crore, up from Rs 24,509 crore in September.

3:15 PM

Stock Market LIVE updates: Power Grid Corp stock rallies 5% on healthy outlook; higher capex guidance

Power Grid Corporation of India shares rallied 5 per cent to Rs 332 on the BSE in Monday’s intra-day trade amid heavy volumes on healthy outlook. The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion. Read more

3:04 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was down 28 points, or 0.04 per cent, at 79,457; while the Nifty 50 was at 24,119, down by 29 points, or 0.12 per cent.

 

2:54 PM

Stock Market LIVE Updates: This Rekha Jhunjhunwala portfolio stock nears record low; down 29% in 2 mth

Stock Market LIVE Updates: Star Health and Allied Insurance Company shares continued their downward trend, hitting a 52-week low of Rs 463, falling 4 per cent on the BSE in Monday’s intra-day trade in an otherwise firm market. 

 

The fall in the share price came on the back of weak earnings in the second quarte-ended September 2024 (Q2FY25). READ MORE

 

2:46 PM

Stock Market LIVE Updates: Delhivery, RBL Bank, PNB HF: Trading guide in stocks MFs raised stake in Q2

Stock Market LIVE Updates: Domestic Institutional Investors, namely the mutual funds (MFs), have been aggressive buyers in the Indian stock market thus far in the fiscal year 2024-25. Data from Sebi (Securities Exchange Board of India) shows that MFs have net bought shares worth Rs 2.85 lakh crore so far in FY25; with a record net purchases worth Rs 89,740 crore in October alone. As per the Sebi data, MFs were net buyers of stocks to the tune of Rs 86,381 crore in Q2FY25, the quarter ended September 2024. READ MORE

2:38 PM

Stock Market LIVE Updates: October Mutual Fund data

Stock Market LIVE Updates: October equity inflow stood at Rs 41,865.4 crore. The October large cap fund inflow came in at Rs 3,452.3 crore while October SmallCap fund inflow stood at R 3,772 crore

 

 

2:28 PM

Stock Market LIVE Updates: G R Infra rises 3% on emerging L1 bidder for BSNL's Bharat Net project

Stock Market LIVE Updates: G R Infraprojects shares rose 3.4 per cent in trade and registered an intraday high of Rs 1653.4 per share on BSE. The stock climbed after the company was declared as the lowest bidder (L1) in Bharat Sanchar Nigam's (BSNL) Bharat Net Ph‐3.

Around 1:23 PM, G R Infraprojects shares were up 2.24 per cent at Rs 1634.05 per share on BSE. In comparison, the BSE Sensex was up 0.29 per cent at 79,716.32. The market capitalisation of the company stood at Rs 15,804.77 crore. READ MORE