Sensex, Nifty Snap Winning Streak Dragged By HDFC Twins, Britannia
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
Paytm IPO Subscription Status: Day 2 Live Updates
TVS Motor Pares Gains After Firm Denies Report Of EV Unit Fund Raising
Sobha Climbs As Q2 Net Income Beats Estimate
Aurobindo Pharma Jumps After Reporting Q2 Numbers
Britannia Slips On Q2 Miss Even As Analysts Highlight 'Unprecedented', 'Severe' Input Cost Inflation Impact
Closing Bell
India's stock benchmarks snapped the two-day winning streak, as losses in metal, fmcg, consumer durables and financial stocks offset the gains in auto stocks, primarily driven by Mahindra & Mahindra's surge after Q2 beat.
The S&P BSE Sensex index fell 0.19% to 60,433.45. The NSE Nifty 50 Index declined by similar magnitude to 18,044.25. HDFC Bank Ltd. contributed the most to the index decline, decreasing 1.8%. Britannia Industries Ltd. had the largest drop, falling 2.6%. Today, 24 of 50 shares fell, while 26 rose.
The broader indexes outperformed their larger peers with the S&P BSE MidCap index and the S&P BSE SmallCap index gaining well over 0.6%. Fourteen of the 19 sectoral indexes compiled by BSE Ltd. advanced, with the S&P BSE Auto and Industrials indexes rising over 1.25%
The market breadth was skewed in the favour of bulls. About 2,006 stocks advanced, 1,305 declined and 168 remained unchanged.
Fairchem Organics Has 1.3 Million Shares Change Hands In Bunched Trade
Shares of Fairchem Organics Ltd. fell over 5% after 1.3 million shares (10% of equity) changed hands in bunched trade.
Details of buyers and sellers are not immediately known.
Source: Bloomberg
Iran Lifts Seasonal Ban On Rice Exports Ahead Of Schedule
Iran lifts seasonal ban imposed in August on rice exports, 12 days ahead of schedule on Tuesday, according to semi-official Iranian Students' News Agency.
Ban was originally scheduled to be lifted on November 21.
Ban was introduced to support domestic producers.
Iran bought 34% of India's basmati rice exports in 2018-19
Source: Bloomberg
India Poised to Achieve Services Export Target Of $1 Trillion By 2030: Minister of Commerce & Industry
India all set to achieve services export target of $1 trillion by 2030
India has the potential to become the top services exporter in the world.
Sectors like tourism, hospitality which suffered due to Covid-19, showing revival signs
India became the seventh largest services exporter in the world in 2020.
Piyush Goyal, Minister of Commerce & Industry at the Services Export Promotion Council - Global Services Conclave 2021
Source: Press Information Bureau
JSW Steel Reports October Production Of 1.43 Million Tonnes Vs 1.34 Million Tonnes YoY
JSW Steel reported production for October of 1.43 million tonnes vs 1.34 million tonnes YoY
October rolled long products production 3,34,000 tonnes, up 11% YoY
October rolled flat production production at 1.05 million tonnes, up 7.1% YoY
Commentary & Context
Crude steel production grew by 6% for October.
Average capacity utilisation for the month at 95%
Of the 33 analysts tracking the company, 20 maintained 'buy', seven maintained 'hold' and six maintained 'sell' recommendations.
