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

IndexClosing LevelChange% Change
Sensex83,459.15▼ 520.00-0.62%
Nifty 5025,597.65▼ 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

StockPrice (₹)% Change
Titan3,813.50▲ 2.39%
Bharti Airtel2,113.30▲ 1.89%
Bajaj Finance1,057.00▲ 1.33%
M&M3,581.20▲ 0.91%
HDFC Life742.45▲ 0.88%

📉 Top Losers – Nifty 50

StockPrice (₹)% Change
Power Grid279.05▼ 3.11%
Eternal (Zomato)313.50▼ 2.82%
Tata Motors Passenger406.50▼ 2.52%
ONGC252.35▼ 2.02%
Bajaj Auto8,751.00▼ 1.92%

🌍 Global Market Snapshot

  • US markets: Mostly positive

  • Asian & European markets: Closed lower (as of 6 PM IST)

  • Dow Jones: 47,336.68 ▼ 0.48%

  • Nasdaq: 23,834.72 ▲ 0.46%


📰 Key Market News

  • 🇮🇳 India-EU Free Trade Agreement (FTA) talks have advanced further.

  • 🛍️ Meesho received SEBI approval for a ₹4,250 crore IPO.

  • 🚀 Shiprocket also got SEBI’s nod for its IPO.

  • 👓 Lenskart IPO was subscribed 28.26 times, with retail portion 7.54x.

  • ⚖️ Note: No Groww IPO coverage until listing (12 Nov) due to conflict of interest.


💰 Company Earnings Highlights

CompanyYoY Profit GrowthNet 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 EnergiesAcquired 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:

  • Protect against US sanctions

  • Reduce volatility in exchange rates

  • Strengthen domestic currencies

  • 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.

  • When rates are low, borrowing rises → economic activity grows → inflation may increase.

  • 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

AssetPriceChange
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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