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The BSE Sensex settled 229 points lower, or 0.57 percent, in Wednesday's trade at 40,116. The NSE Nifty50 settled at 11,840, down 73 points, or 0.61 percent. The Nifty MidCap 100 index fell 0.68 percent, while the banking gauge, Nifty Bank nosedived 1.84 percent. Among Nifty gainers, Britannia, TCS, Reliance Industries, Nestle India and Bajaj Finserv gained by up to 5 percent. Yes Bank, GAIL, ZEEL, Adani Ports, Grasim were the top losers, falling by up to 5.68 percent.

Adani Green Energy on Wednesday posted a consolidated net profit of Rs 102 crore profit for the September quarter of 2019-20. The company reported a loss of Rs 188 crore in the year-ago period, a BSE filing said. Total income rose to Rs 711.96 crore in the second quarter from Rs 458.89 crore a year ago.

"Adani Green Energy continues to expand and invest in the renewables spectrum following the government's mission to be the world's largest renewable energy expansion programme of 175GW till 2022. The company will continue to provide reliable, sustainable, round the clock green power for India's growing power demands and needs," Chairman Gautam Adani said in a statement.

CEO Jayant Parimal said the company commissioned 450 MW of new renewable capacity in April-September of this fiscal, taking total operational portfolio to 2.4 GW.

"With a further 2.9 GW currently under construction, we will reach 5.3 GW capacity progressively over the next 2 years, contributing to the renewable energy targets of the country," Parimal added.

Shares of Adani Green were trading at Rs 96 per scrip, up 2.56 percent, on the BSE.

Shares of Hindalco Industries fell nearly 4 percent, extending losses to the third trading session, as the company posted weaker-than-expected earnings for July-September owing to weak aluminium prices in the quarter. The company reported a net profit of Rs 78 crore in the September quarter as against market estimate of 138 crore. The company's operating margin also contracted to 7.95 percent from 10.06 percent a year ago. Brokerage firm Edelweiss Securities, however, believes that the stock still offers a 17 percent upside with stable cash flow generation potential, especially, from its subsidiary Novelis Corp. So far today, 11.3 million shares of the company changed hands on NSE, which is 1.5 times higher than the three-month daily average volume. 

Shares of Mahanagar Gas surged 8 percent to a six-month high of Rs 1,046.65, as the company reported a higher than estimated net profit for Jul-Sep at Rs 270 crore, nearly double on year. Analysts had expected the company to post a net profit of Rs 195 crore. The company surpassed estimates due to benefits from lower corporate tax. Operationally, too, the city gas distribution player recorded a robust quarter, with on-year growth in sales volumes. The company's operating margin expanded by 310 basis points on year to 34.9 percent. Trading volume in the stock so far today was significantly higher at 3.3 million shares, against the six-month average daily volume of 556,420 shares. At 1.54 pm, the stock was up 6 percent at Rs 1,027.  

-Market benchmarks Sensex and Nifty started on a cautious note on Wednesday as weakness in global equities led by uncertainty over US-China trade deal and political unrest in Hong Kong kept investors on edge.

-At 12.50 pm, the Nifty traded 5 points lower at 11,908. The Sensex added 11 points to 40,355.

-Nifty realty index rose for a fourth straight session, gaining 0.5 percent as the government last week approved Rs 10000 crore ($1.41 billion) for a fund to help clear stalled housing projects.

-Shares of Britannia Industries were up as much as 6 percent after posting a higher consolidated net profit for the September quarter on Monday and was the top gainer on Nifty.

-Yes Bank shares rose as much as 3.15 percent after the Mint reported that Hero Corporate Services chairman was in talks to buy stake in the lender.

Sun TV on Wednesday plunged over 10 percent during the early trade after it reported a fall in advertisement revenues. Nifty media index fell by 3 percent. Sun TV on the NSE, was down 47.75 points or 9.02 percent at Rs 481.40 a share. Owing to a weak economic environment, Sun TV's Q2 advertisement revenues fell by 1.5 percent YoY to Rs 337 crore. 

ICICI Securities in its outlook on the company said that the weak macroeconomic growth clouds the ad growth outlook in the near term while content spend is expected to remain elevated.

"Subscription revenues, however, witnessed robust 16.9% YoY growth aided by strong monetisation from NTO implementation,” ICICI Securities said.

Profit after Tax (PAT) at Rs 366.5 crore was higher, aided by lower tax provisioning as it transitioned to a new tax regime while consequent adjustment was made for H1FY20 during Q2FY20.

Edelweiss Financial Services locked at 5 percent upper circuit on November 13 after private equity firm is going to invest Rs 525 crore in its investment advisory business.

Shares of Linde India rose 5 percent in trade on Wednesday, hitting a three-month high of Rs 592.50 after the company reported an over a three-fold on-year surge in net profit for the September quarter to Rs 36.94 crore. The company's other income rose 41 percent to Rs 9.63 crore from a year ago. The operating margin also expanded sharply to 26.76 percent in July-September from 15.16 percent a year ago. However, revenue from operations for the quarter declined by 25.7 percent to Rs 410 crore.

Shares of Hindustan Aeronautics rose over 7 percent, hitting a six-month high of Rs 823.45, after the company reported an over two-fold on-year jump in consolidated net profit in Jul-Sep at Rs 620 crore. While revenue from operations surged 32.2 percent on year to Rs 3451 crore, the company's operating margin also expanded by 45 basis points to 20.34 percent. The stock was up for the third straight day and has gained 9 percent so far during this period. Trading volume in was nearly thrice the six-month average daily volume of 23,735 shares. HAL shares traded 812.70 apiece on NSE at 10.05 am, up 6.04 percent, after opening at Rs 766.40.

The Indian rupee slipped in the early trade on Wednesday. It opened lower by 29 paise at 71.75 per dollar versus Monday's 71.46. On November 11, the rupee tumbled by 19 paise to a near one-month low at 71.46 against the US dollar after fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy. The currency market was shut on November 12 on account of Guru Nanak Jayanti.

Top brokerage calls for November 13: Citi bullish on Britannia; Kotak maintains 'sell' on Motherson Sumi