Nifty and Sensex End in Red: IT and Metal Stocks Drag Markets Down
The Indian stock market witnessed a weak session today, with both benchmark indices — Sensex and Nifty 50 — closing in the red after a volatile trading day.
Market Overview
| Index | Closing Level | Change | % Change |
|---|---|---|---|
| Sensex | 83,459.15 | ▼ 520.00 | -0.62% |
| Nifty 50 | 25,597.65 | ▼ 165.70 | -0.64% |
The markets opened slightly above yesterday’s closing but slipped gradually throughout the day. Except for consumer durables, all major sectors ended negative. The metal and IT sectors saw the sharpest decline.
💡 Over the last 5 years, Nifty 50 has fallen between 0% and 1% around 444 times, showing that today’s move falls within a common volatility range.
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📈 Top Gainers – Nifty 50
| Stock | Price (₹) | % Change |
|---|---|---|
| Titan | 3,813.50 | ▲ 2.39% |
| Bharti Airtel | 2,113.30 | ▲ 1.89% |
| Bajaj Finance | 1,057.00 | ▲ 1.33% |
| M&M | 3,581.20 | ▲ 0.91% |
| HDFC Life | 742.45 | ▲ 0.88% |
📉 Top Losers – Nifty 50
| Stock | Price (₹) | % Change |
|---|---|---|
| Power Grid | 279.05 | ▼ 3.11% |
| Eternal (Zomato) | 313.50 | ▼ 2.82% |
| Tata Motors Passenger | 406.50 | ▼ 2.52% |
| ONGC | 252.35 | ▼ 2.02% |
| Bajaj Auto | 8,751.00 | ▼ 1.92% |
🌍 Global Market Snapshot
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US markets: Mostly positive
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Asian & European markets: Closed lower (as of 6 PM IST)
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Dow Jones: 47,336.68 ▼ 0.48%
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Nasdaq: 23,834.72 ▲ 0.46%
📰 Key Market News
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🇮🇳 India-EU Free Trade Agreement (FTA) talks have advanced further.
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🛍️ Meesho received SEBI approval for a ₹4,250 crore IPO.
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🚀 Shiprocket also got SEBI’s nod for its IPO.
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👓 Lenskart IPO was subscribed 28.26 times, with retail portion 7.54x.
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⚖️ Note: No Groww IPO coverage until listing (12 Nov) due to conflict of interest.
💰 Company Earnings Highlights
| Company | YoY Profit Growth | Net Profit (₹ Cr) |
|---|---|---|
| SBI | ▲ 7% | 21,137 |
| M&M | ▲ 16% | 3,673 |
| Adani Ports | ▲ 27% | 3,109 |
| Adani Enterprises | ▲ 84% | 3,199 (Rights issue of ₹25,000 crore announced) |
| InterGlobe (IndiGo) | ▼ 162% (loss) | -2,582 |
| Indian Hotels | ▼ 49% | 285 |
| Suzlon Energy | ▲ 529% | 1,279 |
| Waaree Energies | — | Acquired Sunbreeze Ninth Cloud |
💡 Word of the Day: De-dollarisation
Definition:
De-dollarisation refers to efforts by countries to reduce their dependence on the US Dollar for international trade and foreign reserves.
Why it matters:
Countries like China and Russia are settling trade in their own currencies to:
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Protect against US sanctions
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Reduce volatility in exchange rates
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Strengthen domestic currencies
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Build economic independence
Central banks are also diversifying reserves by adding Gold, Euro, and other currencies.
🧠 Educational Corner: Understanding Interest Rate Cycles
Central banks control interest rates, which affect borrowing costs, economic activity, and inflation.
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When rates are low, borrowing rises → economic activity grows → inflation may increase.
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When rates are high, spending falls → inflation drops.
Banks globally adjust interest rates to maintain balance between growth and price stability.
❓ Featured Question of the Day
Q: How is the Nifty 50 index updated regularly?
A: The Nifty 50 includes the 50 biggest listed companies on the NSE.
Every six months (March & September), the list is reviewed.
Companies that grow in market cap replace those that shrink.
Usually, 2–3 companies are replaced each time.
Similarly, Sensex 30 on the BSE is updated twice a year — June and December.
💹 Commodity & Currency Update
| Asset | Price | Change |
|---|---|---|
| Gold (10g) | ₹1,20,419 | ▼ 0.30% |
| Silver (1kg) | ₹1,46,150 | ▼ 2.11% |
| USD-INR | ₹88.64 | ▼ 0.18% (Rupee strengthened) |
💬 A fall in the USD-INR rate means the Indian Rupee is getting stronger against the US Dollar.
🔗 Conclusion
The Indian stock market ended lower today amid global weakness, dragged by IT and metal shares.
While select consumer durables and financial stocks showed strength, investors should remain cautious amid ongoing global uncertainty.
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