Mid, smallcaps gain in listless trade; OMC, realty stocks rally, banks weak

Closing Bell on November 8, 2023: Volatility index, India VIX, was down over 1 per cent today as ended at 11 levels

3:54 PM

Comment :: 'Global trends to drive markets'

Markets need a push to overcome the major hurdle at 19,500 in Nifty and it could probably be from the global markets, in the absence of any major domestic event. Meanwhile, participants should continue with the stock-specific trading approach, with bias on the positive side. 

Views by: Ajit Mishra, SVP - Technical Research, Religare Broking

3:53 PM

Comment :: 'Fall in oil prices to provide respite to domestic economy'

The domestic market traded rangebound with a positive bias. And further confidence may be derived from the global market cues post the Fed chair speech. Oil prices continued to fall, which will provide respite to the domestic economy and navigate a downward trajectory to inflation & fiscal.

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

3:51 PM

Currency check :: Rupee ends 1 paise down

3:49 PM

SmallCap heatmap :: Index ends 0.6% up; check top gainers and losers

3:48 PM

MidCap Heatmap :: HPCL, YES Bank, Alkem Labs surge up to 7%

3:45 PM

Sectoral trends :: Realty index up 1.5%, Banks, IT slip

3:43 PM

Nifty Heatmap :: BPCL, Adani ports, Cipla gain 2% each

3:39 PM

Closing Bell :: Nifty ends below 19,450 in rangebound trade

3:38 PM

Closing Bell :: Sensex ends flat with positive bias

3:25 PM

Gujarat Pipavav Port net profit grows 51% to over Rs 107 cr in Sept quarter

Expenses were at Rs 132.9 crore, as against Rs 137.2 crore in the year-ago quarter. The Board of Directors have also approved an interim dividend of Rs 3.60 per share for the financial year 2023-24 and fixed November 21 as the record date to determine the members eligible for receiving the amount. READ MORE

3:16 PM

Brookfield India REIT Q2 net operating income up 44% to Rs 346.7 crore

Its portfolio consists of 25.3 million square feet of total leasable area, comprising 20.7 million square feet of operating area, 0.7 million square feet of under construction area and 3.9 million square feet of future development potential. READ MORE

3:00 PM

ALERT:: Eris Lifesciences Q2 net up 2%; stock gains 3%

Eris Lifesciences today reported a 2.4 per cent rise in net profit at Rs 12.23 crore for Q2FY24 when compared with Rs 11.94 crore in Q2FY23. Total income grew 9.3 per cent YoY to Rs 508.78 crore.

2:50 PM

ALERT:: Orient Paper reports Rs 16 cr loss in Q2; stock tumbles 9%

Orient Paper & Industries today reported a net loss of Rs 16.32 crore for Q2FY24, as agaisnt a net profit of Rs 7.55 crore in Q2FY23. Total income declined 34.4 per cent YoY to Rs 148.68 crore.

2:40 PM

India, Malaysia looking at reviewing 2011 trade pact: Malaysian FM

The Malaysian foreign minister also said that his country is interested in expanding defence cooperation with India, including procuring military platforms and hardware. READ MORE

Malaysian FM Zambry Abd Kadir with EAM Jaishankar in New Delhi.

2:30 PM

India proposes slashing EV import taxes to clinch UK free trade deal

India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions. READ MORE