Stock Market Close Highlights: Sensex sheds 241pts, Nifty ends near 23,450; IT tanks, FMCG shines
Stock Market highlights: Indian benchmark equity indices BSE Sensex and Nifty50 settled lower on Monday
 "Market, BSE, NSE, NIfty, Stock Market, investment")
(Photo: Shutterstock)
2:38 PM
First is the level of tariffs; our understanding is 60% on China, but we don't know when they'll be implemented. Around 10% on other markets.
Next is trade exposure to the US, overall proportion of GDP to exports to the US.
Another point is the foreign holding in India at 17.5%, which is one of the lowest across EMs
If you combine these attributes, India on all of those measures somes out as least sensitive among EMs.![]()
Stock Market LIVE Updates: Alexander Redman of CLSA on CLSA downgrading China and raising India
Stock Market LIVE Updates: Alexander Redman of CLSA, says If you order EMs according to sensitivities to an adverse trade policy from the US, there are a few things you need to look at:
First is the level of tariffs; our understanding is 60% on China, but we don't know when they'll be implemented. Around 10% on other markets.
Next is trade exposure to the US, overall proportion of GDP to exports to the US.
Another point is the foreign holding in India at 17.5%, which is one of the lowest across EMs
If you combine these attributes, India on all of those measures somes out as least sensitive among EMs.
2:31 PM
1: Because of the re-election of Donald Trump complicates the China trade outlook due to potential tariffs
2: Found the MPC stimulus in the previous week to be somewhat underwhelming.
Was expecting the stimulus to be more targetted on consumption, and lead to further absorbtion of excess inventory in housing, and recapitalise banks.
3: With higher bond yields globally now, the PBOC will struggle to cut rates further.
Having been underwhelmed with Chinese performance over the last few weeks, have decided to reverse that tactical allocation towards China and put that money back towards India.
And this is the opportunity foreign investors have been waiting for.![]()
Stock Market LIVE Updates: Alexander Redman of CLSA on CLSA downgrading China and raising India
Stock Market LIVE Updates: Alexander Redman of CLSA, says I reversed the tactical position that I built up in China at the end of September, due to three reasons.
1: Because of the re-election of Donald Trump complicates the China trade outlook due to potential tariffs
2: Found the MPC stimulus in the previous week to be somewhat underwhelming.
Was expecting the stimulus to be more targetted on consumption, and lead to further absorbtion of excess inventory in housing, and recapitalise banks.
3: With higher bond yields globally now, the PBOC will struggle to cut rates further.
Having been underwhelmed with Chinese performance over the last few weeks, have decided to reverse that tactical allocation towards China and put that money back towards India.
And this is the opportunity foreign investors have been waiting for.
2:25 PM
The markets has continued to outperform, and they've been nursing large underweight positions.
I see that the 12% selloff is sufficient to begin to encourage foreign investors to start to participate in Indian equities again.![]()
Stock Market LIVE Updates: Alexander Redman of CLSA on CLSA downgrading China and raising India
Stock Market LIVE Updates: Alexander Redman of CLSA, says investors have been telling him that this is precisely the opportunity foreign investors have been waiting for to build up their exposure to Indian equities.
The markets has continued to outperform, and they've been nursing large underweight positions.
I see that the 12% selloff is sufficient to begin to encourage foreign investors to start to participate in Indian equities again.
2:22 PM
Initially the motivation was to participate in the rally in China, after the PBOC stimulus
Caught many foreign investors unawares, and made them liquidate positions in India and Korea, to participate in China Rally
![]()
Stock Market LIVE Updates: Alexander Redman of CLSA on CLSA downgrading China and raising India
Stock Market LIVE Updates: Alexander Redman of CLSA, says $14 bn dollar worth of selling since the end of September
Initially the motivation was to participate in the rally in China, after the PBOC stimulus
Caught many foreign investors unawares, and made them liquidate positions in India and Korea, to participate in China Rally
2:19 PM
"Post the expansion, the total annual production capacity for CTC will be 20,490 MT gradually by the 3Q FY26 which will be 3x of current levels," the company said in an exchange filing.
The company plans to invest Rs 72.55 crore to expand CTC capacity from 7,350 MT per annum currently to 20,490 MT per annum by Q3 FY26, it added.
![]()
Stock Market LIVE Updates: APAR Industries to expand capacity for its Continuous Transposed Conductor biz
Stock Market LIVE Updates: APAR Industries today informed about the expansion of production capacity for its Continuous Transposed Conductor business to cater to increased demand available on account of focused prioritisation by Government in Power and Generation Equipment.
"Post the expansion, the total annual production capacity for CTC will be 20,490 MT gradually by the 3Q FY26 which will be 3x of current levels," the company said in an exchange filing.
The company plans to invest Rs 72.55 crore to expand CTC capacity from 7,350 MT per annum currently to 20,490 MT per annum by Q3 FY26, it added.
Further, the company plans to add 5,160 MT per annum capacity between November 2024, to March 2025.
2:11 PM
Meanwhile, the grey market premium (GMP) of Enviro Infra Engineers remained at nil as of Monday, November 18, 2024. READ MORE
![]()
Stock Market LIVE Updates: Enviro Infra Engineers IPO opens on Nov 22: Check GMP & other key details
Stock Market LIVE Updates: Enviro Infra Engineers, a leading player in water and wastewater treatment solutions, is gearing up for its much-anticipated initial public offering (IPO), set to open for public subscription on Friday, November 22, 2024. According to the company's red herring prospectus (RHP), bidding for anchor investors will precede this, commencing on Thursday, November 21, 2024.
Meanwhile, the grey market premium (GMP) of Enviro Infra Engineers remained at nil as of Monday, November 18, 2024. READ MORE
2:01 PM
At 2 PM, the BSE Sensex was down 139 points, or 0.18 per cent, at 77,441, while the Nifty 50 was at 23,489, down 42 points, or 0.18 per cent.
![]()
Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty pare losses; still in negative zone
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 had pared some losses, but were still trading in negative territory, amid mixed global cues.
At 2 PM, the BSE Sensex was down 139 points, or 0.18 per cent, at 77,441, while the Nifty 50 was at 23,489, down 42 points, or 0.18 per cent.
1:52 PM
This dedicated center will drive Suzuki’s innovations in advanced engineering, the company said in an exchange filing.
Tata Elxsi will support Suzuki in its green mobility vision by aligning with Suzuki’s goals for sustainable innovation in lightweight design, safety, styling and engineering, eco-friendly materials, and advanced simulations to improve time-to-market, the company added.
The partnership will also focus on next-generation powertrains and software-defined vehicles, fostering energy-efficient solutions for electric, hybrid, and alternative fuel vehicles, it said.
![]()
Stock Market LIVE Updates: Suzuki & Tata Elxsi launch ‘SUZUKI-TATA ELXSI Offshore Development Center' in Pune
Stock Market LIVE Updates: Suzuki Motor Corporation and Tata Elxsi today anounced that together, they've inaugurated the ‘SUZUKI-TATA ELXSI Offshore Development Center’ in Pune, India.
This dedicated center will drive Suzuki’s innovations in advanced engineering, the company said in an exchange filing.
Tata Elxsi will support Suzuki in its green mobility vision by aligning with Suzuki’s goals for sustainable innovation in lightweight design, safety, styling and engineering, eco-friendly materials, and advanced simulations to improve time-to-market, the company added.
The partnership will also focus on next-generation powertrains and software-defined vehicles, fostering energy-efficient solutions for electric, hybrid, and alternative fuel vehicles, it said.
1:41 PM
![]()
Stock Market LIVE Updates: NALCO, Hindalco, Vedanta surge up to 9% as China cancels export tax rebates
Stock Market LIVE Updates: Shares of National Aluminium Company (NALCO), Hindalco Industries and Vedanta have surged by up to 9 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market after China said it would cancel export tax rebates.
As per media sources, China will be cancelling export tax rebates for aluminium and copper products, which will be effective from December 1, 2024. This has led to a surge in LME aluminium prices by 8 per cent, reaching $2,730 per tonne. READ MORE
1:28 PM
![]()
Stock Market LIVE Updates: Sobha share rallies 6% as Q2 profit climbs 75% YoY; check details here
Stock Market LIVE Updates: Shares of real estate developer Sobha Limited climbed up to 5.92 per cent to hit an intraday high of Rs 1,623 per share on Monday, November 18, 2024.
The rise in Sobha share price came on the back of stellar show in the September quarter of financial year 2025 (Q2FY25). READ MORE
1:18 PM
In this role, Chowdhary will lead HCLSoftware’s India region business for growth and innovation across India's critical sectors, including Enterprise, BFSI, and Government segments, the company said in an exchange filing.
![]()
Stock Market LIVE Updates: HCLSoftware appoints Vikrant Chowdhary as Senior VP & Country Head for India
Stock Market LIVE Updates: HCLSoftware, the enterprise software products unit of HCLTech, today announced the appointment of Vikrant Chowdhary as Senior Vice-President and Country Head for India.
In this role, Chowdhary will lead HCLSoftware’s India region business for growth and innovation across India's critical sectors, including Enterprise, BFSI, and Government segments, the company said in an exchange filing.
1:13 PM
As of 10:12 AM on Monday, bids were received for 78,60,888 shares against the total offer of 2,25,67,270 shares, resulting in a subscription of just 0.35 times, according to data from the National Stock Exchange (NSE). READ MORE
![]()
Stock Market LIVE Updates: Final Hours! BlackBuck IPO closes today: GMP flat; Should you subscribe?
Stock Market LIVE Updates: The initial public offering (IPO) of Zinka Logistics Solutions, the operator of digital logistics platform BlackBuck, will close for subscriptions today, Monday, November 18, 2024. The IPO, which opened for bidding on November 13, has received a lukewarm response from investors so far.
As of 10:12 AM on Monday, bids were received for 78,60,888 shares against the total offer of 2,25,67,270 shares, resulting in a subscription of just 0.35 times, according to data from the National Stock Exchange (NSE). READ MORE
1:00 PM![]()
Stock Market LIVE Updates: Oversold Alert: 5 stocks with RSI around 15; Colgate tests 20-year support
Stock Market LIVE Updates: With the benchmark indices - the BSE Sensex and the NSE Nifty 50, technically, having entered a correction zone following the over 10 per cent decline from the all-time highs, several stocks across too have witnessed a steep fall and now seem to be trading in oversold territory on the daily chart. READ MORE
12:53 PM![]()
Stock Market LIVE Updates: SBI raises Rs 10,000 crore through 15-year infrastructure bonds at 7.23%
Stock Market LIVE Updates: State Bank of India (SBI) on Monday raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.23 per cent, taking the total money raised through these long-tenor papers to Rs 30,000 crore in the current financial year, said multiple sources aware of the development. READ MORE
12:45 PM![]()
Stock Market LIVE Updates: RIL, Tata Motors, Titan: Over 50% Nifty stocks trade below 200-DMA
Stock Market LIVE Updates: Nifty 50 index continued to trade below its 200-day moving average (DMA) on Monday, November 18, with as many as 27, or nearly 50 per cent stocks that comprise this index, too, trading below this crucial technical level, data suggests. READ MORE
Topics : Stock Market MARKET LIVE MARKETS LIVE MARKETS TODAY MARKET WRAP stock market trading Markets Sensex Nifty S&P BSE Sensex BSE Sensex sensex nifty NSE Nifty Nifty 50 Nifty50 Gift Nifty Indian stock market US markets Asian markets Chinese stock market US stock market US stock markets stock markets global stock market
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Nov 18 2024 | 8:32 AM IST
