Indian benchmark indices ended on a negative note with Nifty at 24,200 on November 7. At close, the Sensex was down 836.34 points or 1.04 percent at 79,541.79, and the Nifty was down 284.70 points or 1.16 percent at 24,199.30.
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All the sectoral indices ended in the red with auto, metal, power, telecom, pharma, realty down 1-2 percent….Read More
Markets failed to capitalise on its firm start, as selling pressure resumed after yesterday’s breather. The fall can be attributed to continuing foreign fund outflows after the rupee slumped to fresh lows following strength in the US dollar.
Investors restricted their equity bets ahead of the US Fed’s policy announcement as they are unsure of the rate cut this time on concerns of a likely uptick in inflation.
Diverging from strong global equities, Indian markets started the weekly expiry trade on a tepid note and a sudden fall was seen in the opening trade followed by a range-bound trade before ending the session at 24,199.35 with a loss of 284.70 points.
Barring PSU Banks, all the other sectors ended the day in red with Metal and Pharma being the major laggards.
On the daily chart, the Index has formed a bearish engulfing pattern but it appears that it is forming a right shoulder of an Inverted Head & Shoulder formation with a neckline being placed at 24,500 which is also immediate resistance while on the lower side, psychological level of 24,000 will serve as a support.
Indian rupee ended at fresh record closing low at 84.37 per dollar on Thursday versus Wednesday’s close of 84.28.
Indian benchmark indices ended on a negative note with Nifty at 24,200 on November 7.
At close, the Sensex was down 836.34 points or 1.04 percent at 79,541.79, and the Nifty was down 284.70 points or 1.16 percent at 24,199.30. About 1733 shares advanced, 2057 shares declined, and 93 shares unchanged.
Hindalco Industries, Trent, Shriram Finance, Tech Mahindra and Grasim Industries are among the top losers on the Nifty, while gainers are Apollo Hospitals, HDFC Life, SBI, TCS and L&T.
All the sectoral indices ended in the red with auto, metal, power, telecom, pharma, realty down 1-2 percent.
BSE Midcap and smallcap indices shed 0.5 percent each.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Suzlon Energy | 66.88 | -3.51 | 3.26m |
| ABB India | 6,998.60 | -2.37 | 15.94k |
| AIA Engineering | 3,673.00 | -2.23 | 941 |
| Praj Industries | 712.50 | -2.18 | 26.02k |
| V-Guard Ind | 436.25 | -2.09 | 9.47k |
| Honeywell Autom | 44,357.00 | -1.94 | 148 |
| Carborundum | 1,428.10 | -1.86 | 505 |
| Bharat Forge | 1,445.00 | -1.77 | 14.86k |
| BHEL | 244.00 | -1.61 | 729.85k |
| Grindwell Norto | 2,186.50 | -1.41 | 2.00k |
| SKF India | 5,091.25 | -1.11 | 1.17k |
| Polycab | 6,809.95 | -1.09 | 15.25k |
| GMR Airports | 80.75 | -1.09 | 553.63k |
| Schaeffler Ind | 3,502.95 | -0.88 | 908 |
| KPIL | 1,267.60 | -0.67 | 3.88k |
| Sona BLW | 704.70 | -0.63 | 19.47k |
| Bharat Elec | 300.20 | -0.55 | 1.62m |
| LMW | 16,342.00 | -0.3 | 237 |
| Elgi Equipments | 649.55 | -0.23 | 1.45k |
| CG Power | 725.35 | -0.08 | 189.88k |
QIB – 0.78 times
NII – 0.32 times
Retail – 0.61 times
Overall – 0.62 times
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Glenmark | 1,658.00 | -6.27 | 1.26m |
| Aurobindo Pharm | 1,350.35 | -3.19 | 758.33k |
| Abbott India | 28,341.00 | -2.76 | 29.40k |
| Lupin | 2,113.90 | -2.41 | 934.06k |
| Alkem Lab | 5,719.80 | -2.29 | 430.99k |
| Zydus Life | 975.40 | -1.98 | 1.21m |
| Sun Pharma | 1,792.35 | -1.92 | 1.71m |
| Ipca Labs | 1,560.15 | -1.48 | 132.00k |
| Torrent Pharma | 3,167.15 | -1.33 | 220.37k |
| Cipla | 1,573.90 | -1.26 | 1.36m |
| Natco Pharma | 1,430.10 | -1.18 | 322.67k |
| Dr Reddys Labs | 1,288.20 | -1.07 | 1.38m |
| Dr Lal PathLab | 3,072.80 | -0.89 | 69.39k |
| Laurus Labs | 495.05 | -0.28 | 3.30m |
| Sanofi India | 6,565.10 | -0.19 | 3.50k |