Stock Market Highlights: Sensex slips 111 pts in subdued trade, Nifty holds 23,500; Smallcaps shine

Stock Market Highlights: 29 out of the 50 constituent stocks of the benchmark NSE Nifty50 ended lower, dragged by Hindustan Unilever, Britannia Industries, BPCL, Tata Consumer, and Nestle India

Stock Market Highlights, Thursday, November 14, 2024: Benchmark equity indices BSE Sensex and NSE Nifty50 ended the week's last trading session in the negative territory. Notably, the exchanges BSE and NSE will remain closed tomorrow, Friday, November 15, 2024, on account of Prakash Gurpurb Sri Guru Nanak Dev Jayanti. Today marks the last official trading session for the current week.
 

BSE Sensex shed 110.64 points or 0.14 per cent to settle at 77,580.31. Similarly, NSE Nifty50 ended at 23,532.70, down 26.35 points or 0.11 per cent from its previous close.

29 out of the 50 constituent stocks of the benchmark NSE Nifty50 ended lower, dragged by Hindustan Unilever, Britannia Industries, BPCL, Tata Consumer, and Nestle India with losses extending up to 2.92 per cent on Thursday. Conversely, Eicher Motors, Hero MotoCorp, Grasim, Kotak Mahindra Bank, and HDFC Life were among the 19 stocks that ended in the green, with gains reaching up to 6.59 per cent on Thursday. 

Among broader markets, Smallcap stocks led gains as the Nifty Smallcap100 index rose 0.81 per cent. The Nifty Midcap100 index followed the gains, settling higher by 0.55 per cent. Among the sectoral indices, Nifty Auto, Realty, Media, Healthcare and Financial sectors gained, while FMCG, PSU Bank, Pharma, Select Healthcare and OMCs indices declined on Thursday.

4:03 PM

Stock Market Highlights LIVE Updates: Market looking improvement in domestic biz, economy data

Today the domestic market experienced a lacklustre trading, but some stability was observed throughout from the low of the day. The sustainability of this trend remains uncertain as FIIs continue to be on the selling side. But on a positive note the degree of selling is reducing. Asian markets too displayed mixed sentiments as investors evaluate potential risk due to a likely change in the US policy with trade barriers.

However, it looks like the muted performance of domestic Q2 earnings has been mostly factored in with the consolidation of the last 1-2 months. Market will look forward for improvement in domestic business and economy data,  in anticipation of a rebound in government spending which reduced during the year due to national & state elections.

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

3:57 PM

Stock Market Highlights LIVE Updates: Crucial to focus on IT and banking sectors for further cues

The Nifty index had a subdued session on the weekly expiry day following the recent sell-off. The benchmark index saw sharp fluctuations in the early hours, but a lack of clear direction among heavyweights kept the movement contained throughout the day. Sectorally, there was a mixed performance—realty and auto sectors edged higher, while FMCG and pharma ended in the red. Meanwhile, broader indices showed slight relief, posting gains in the range of 0.4 per cent to 0.8 per cent.
 

The Nifty's pause was largely anticipated after retesting its major support level at the 200-day exponential moving average (DEMA). We advise monitoring leveraged positions closely at this point. With major earnings now behind us, it’s crucial to focus on the performance of the IT and banking sectors for further cues.

(View by: Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.)

3:46 PM

Stock Market Highlights LIVE Updates: Eicher Motors, Hero MotoCorp, Grasim Industries surge on NSE

On NSE, Eicher Motors, Hero MotoCorp, and Grasim Industries were among the top gainers on NSE.

3:44 PM

Stock Market Highlights LIVE Updates: Nifty FMCG, PSU Bank, Healthcare lose among sectors

Nifty FMCG, PSU Bank, Healthcare shedded the most among sectors.

3:40 PM

Stock Market Highlights LIVE Updates: Broader indices outperform

The BSE SmallCap index surged 0.83 per cent, while the BSE MidCap index soared 0.41 per cent. 

3:35 PM

Stock Market Highlights LIVE Updates: 17 out of 30 stocks end in red

HUL, Nestle India and NTPC were the top losers among the 17 stockts that were trading in red on BSE Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty closes below 23,550

The NSE's Nifty50 ended 26 pints or 0.11 per cent lower at 23,552 level.

3:32 PM

Stock Market LIVE Updates: Sensex ends over 100 pts down

The BSE Sensex closed 110 points lower or 0.14 per cent down at 77,580 level. 

3:15 PM

Stock Market LIVE Updates: Eicher Motors up 8%; Royal Enfield rides past 'toughest phase': Analysts

India's Eicher Motors was on course for its best day since mid-2020, after the Royal Enfield motorcycle maker posted a quarterly profit beat, which analysts said indicated that the "toughest phase" of competition was over.

 

Eicher's stock rose more than 8.3 per cent and was the top gainer on the Nifty auto index, which was up about 1 per cent. Read more

3:12 PM

Stock Market LIVE Updates: Christopher Wood on emerging markets and India

Stock Market LIVE Updates: Chris Wood says, RBI is not in a hurry to cut rates. 

We've had a bit of a cyclical slowdown due to earnings downgrade in the last quarter. I don't think its very dramatic; I think, it's very healthy.

3:10 PM

Stock Market LIVE Updates: Christopher Wood on emerging markets and India

Stock Market LIVE Updates: Chris Wood says, India is having a healthy correction led by smallcaps.

There's huge domestic flows coming into the market.

Companies have been raising capital to take advantage of the higher valuations.

The good news about the foreigners selling is that they have the ability to buy any sharper correction.

3:08 PM

Stock Market LIVE Updates: Christopher Wood on emerging markets and India

Stock Market LIVE Updates: Chris Wood says, Dollar strength is short term; it can run into the inauguration.

Treasury market will be selling off, and the only way that is not going to happen is if Elon Musk is allowed to do this dramatic surgery on the US government.

In a world where $2 trillion government spending is cut, the US market is going to become very vulnerable.

We're gonna get a deflationary shock, and that'll cause people to invest in equities elsewhere.

3:03 PM

Stock Market LIVE Updates: Christopher Wood on emerging markets and India

Stock Market LIVE Updates: Chris Wood says, from an Indian standpoint, I wouldnt change my investment strategy in India, because Donald Trump has been elected.

3:03 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was lower by 116 points, or 0.15 per cent, at 77,574, while the Nifty 50 was at 23,516, lower by 43 points, or 0.18 per cent.

 

3:02 PM

Stock Market LIVE Updates: Christopher Wood on emerging markets and India

Stock Market LIVE Updates: Chris Wood says, China would willingly trade higher tariffs for greater ability to buy advanced US semiconductors.