At 13:20 IST, the barometer index, the S&P BSE Sensex, gained 41.87 points or 0.07% at 60,863.66. The Nifty 50 index fell 16.45 points or 0.09% at 18,098.60.
In the broader market, the S&P BSE Mid-Cap index lost 1.49% while the S&P BSE Small-Cap index shed 1.54%.
Sellers outnumbered buyers. On the BSE, 988 shares rose and 2,312 shares fell. A total of 174 shares were unchanged.
Buzzing Index:
The Nifty Auto index fell 1.46% to 11,266.55, slipping for second trading session. The auto index declined 2.5% in two days.
TVS Motor Company (down 3.06%), Bharat Forge (down 2.61%), Bajaj Auto (down 2.1%), Eicher Motor (down 1.86%), Hero MotorCorp (down 1.85%) and Tata Motors (down 1.81%) were top losers in automobile segment.
Stocks in Spotlight:
The Ramco Cements fell 2.11%. The company recorded a consolidated net profit of Rs 515.84 crore in Q2 FY22, which is significantly higher as compared with a net profit of Rs 243.52 crore in Q2 FY21. Total income increased by 18.6% YoY to Rs 1510.33 crore during the quarter. Total expenses rose by 32.3% to Rs 1,231.60 crore in Q2 FY22 over Q2 FY21, due to sharp increases in raw material costs (up 18.1% YoY), transportation & handling charges (up 38.9% YoY), power & fuel costs (up 57.1%) and other expenditures (up 30.7% YoY).
Colgate-Palmolive (India) fell 1.89%. The company reported a 1.8% fall in net profit to Rs 269.2 crore in Q2 FY22 from Rs 274.2 crore in Q2 FY21. The company recorded net sales growth of 5.2% over the same quarter of previous year aggregating to Rs 1,344 crore for the quarter ended 30 September 2021. Total expenses rose by 8% YoY to Rs 998.05 crore, due to higher advertising expenses (upp 12.7% YoY) and other expenses (up 3.7% YoY). However, raw material costs during the period under review fell by 3.5% YoY.
Numbers to Track:
MCX Gold futures for 3 December 2021 settlement rose 0.39% to Rs 47,938.
The yield on India's 10-year benchmark federal paper was currently at 6.358% as compared with its previous closing of 6.364%.
In the commodities market, Brent crude for December 2021 settlement added 60 cents or 0.7% to $86.12 a barrel.
In the foreign exchange market, the partially convertible rupee fell to 75.01 from its previous closing of 74.095.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.1% to 93.528.
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