Sensex falls 143 pts, Nifty below 19,400; RIL, Infosys weigh, M&M gains 4%

Closing Bell on November 9, 2023: In the broader markets, the BSE MidCap index added 0.06 per cent, but the BSE SmallCap index slipped 0.27 per cent

3:52 PM

Comment :: 'FIIs selling has moderated but inflows continue to be muted'

Reflecting the mixed global sentiments, the Indian market is mired to a range bound trend with the Nifty index not able to breach above the key level of 19,500.

Cues from the Fed Chair's speech have reduced the likelihood of a rate hike in the near term, leading to an ease in US treasury yields and calming the market.

FIIs selling has moderated but inflows continue to be muted on concerns of an elevated interest rate and a global slowdown. Mid- and small caps are back in favour after the recent fall, led by retail activities & good corporate results

Views by:  Vinod Nair, Head of Research at Geojit Financial Services

3:43 PM

Currency check :: Rupee ends 1 paise down

3:42 PM

Sectoral trends :: Realty, auto maintain uptrend in weak market

3:41 PM

SmallCap Heatmap :: Index ends 0.27% down; check top gainers and losers

3:40 PM

MidCap Heatmap :: Index up 0.06%; check top gainers and losers of the pack

3:39 PM

Nifty Heatmap :: M&M rallies 4%, Adani Ent falls 2%

3:38 PM

Closing Bell :: Nifty ends below 19,400

3:37 PM

Closing Bell :: Sensex slides over 100 pts

3:30 PM

11% CAGR in 20 yrs: How does gold compare against Nifty 50 during crisis?

“It would be ideal to advise investors to invest in portfolios including both gold and equity. The performance of gold will offset the poor performance of equities during unfavorable macro events or persistently high inflation”," said Naveen KR, smallcase manager and senior Director - Investment Products, Windmill Capital. READ MORE

3:25 PM

Q2 earnings :: Ashok Leyland misses estimates

>> PAT: Rs 560 crore

>> Ebitda: Rs 1,079 crore

>> Ebitda margin: 11.2%

3:16 PM

Domestic demand to sustain India growth in the near term, says Moody's

Domestic demand after the festive season will depend on inflation and the lagged impact of monetary policy tightening by the Reserve Bank of India (RBI). “With exports remaining weak amid an unfavorable global economic backdrop, strong domestic demand will likely sustain growth in the near-term,” said Moody’s. While rural demand has shown signs of improvement, it remains vulnerable to uneven monsoons that could affect crop yields and farm income. READ MORE

3:04 PM

ALERT:: National Aluminium Q2 net jumps 49%; stock drops 4%

National Aluminium today reported a 49.4 per cent surge in Q2FY24 consolidated net profit at Rs 187.35 crore when compared with Rs 125.43 crore in Q2FY23. Total income, however, declined 12.6 per cent YoY to Rs 3,112.02 crore.

2:55 PM

ALERT:: Finolex Cables Q2 net rises 21%; stock gains 3%

Finolex Cables today reported a 21 per cent growth in Q2FY24 net profit at Rs 165.39 crore when compared with Rs 136.72 crore in Q2FY23. Total income grew 6.3 per cent YoY to Rs 1,271.98 crore.

2:46 PM

ALERT:: Welspun Enterprises Q2 net slumps 48%; stock down 1%

Welspun Enterprises today reported a 48.1 per cent plunge in Q2FY24 net profit at Rs 69.01 crore when compared with Rs 132.98 crore in Q2FY23. Total income, however, increased 25.3 per cent YoY to Rs 692.65 crore.

2:37 PM

ALERT:: Nitco narrows Q2 net loss; stock tumbles 5%

Nitco today posted a net loss of Rs 31.65 crore for FY24. The company has reported Rs 36.10 crore loss in Q2FY23. Total income, however, was up 9.6 per cent YoY at Rs 82.33 crore.