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Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 ended lower on Thursday amid losses across sectors. Globally, investors remained on the back foot as they awaited a key inflation reading from the world's largest economy due later in the day to gauge the possible course of revisions in COVID-era interest rates. Investors awaited more of financial results from India Inc for domestic cues, with Ashok Leyland,  Zomato, Eicher Motors, Apollo Hospitals and Bata India due to report their earnings later in the day. 

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Nov 10, 2022 3:57 PM

In defence sector, HAL has good growth: Vinay Jaising
“When we looked at the defence sector first we thought it could be a secular growth part of our business but that is when we realised that the Indian government is trying to make more and more of manufacturing coming to the country," says Vinay Jaising, MD-Portfolio Mgmt Svcs JM Financial Services. "So that would reduce our import bill. In the defence sector we like HAL as it has good growth, secondly Tejas is doing very well, third, governments mandate to manufacturing increase in the country would lead to higher ownership for the Indian manufacturers. So as the Indian pie of defence grows, HAL also grows.”

Nov 10, 2022 3:57 PM

Sensex and Nifty50 end lower amid weak global cues ahead of US inflation data 

-- Tata Motors is top Nifty loser after a weak September quarter, stock down five percent

-- Axis Bank slides three percent as government announces entire 1.5 percent SUUTI stake sale

-- M&M sees some profit booking ahead of earnings, falls three percent

-- Hero Moto, HDFC Bank and Kotak Bank lend support to Nifty

-- Aurobindo Pharma falls 12 percent as ED arrests company’s whole-time director

-- Piramal Enterprises, Deepak Nitrite and Ramco Cements slip 8-10 percent after disappointing quarterly numbers

-- PI Industries sees profit booking at record high levels, falls four percent

-- GNFCOberoi, Tata Chem, Chambal Fert, TVS Motor amongst top midcap losers

-- Godrej Prop rises six percent as company maintains FY24 booking value guidance

-- Lupin closes four percent higher but off highs after a turnaround September quarter

-- Samvardhana Motherson rises more than three percent on better-than-expected September quarter

-- Market breadth favours declines, advance-decline ratio at 1:3

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 3:51 PM

PSU banks are coming out of 10 year sort of a bear market: Rishi Kohli

"PSU banks are coming out of 10 year sort of a bear market and have done well over the last year largely. So I think there's a lot of scope, it's sort of a secular move, a lot of the clean-up has happened from a fundamental perspective and from a technical and cycle perspective," says Rishi Kohli, CIO-Hedge Fund Strategies, InCred Alternatives. "And when that happens, then typically, the sectors will be in flavor for the next three to five years. So that's the very long term view. From a short term perspective, yes, in the very near term over the last month or two, some of the stocks have rallied hugely. So I think they're due for a halt now. But as they halt or as they retrace some of those gains, I think it would be a good time to enter again for that next three to five years story that I'm talking about," Kohli says. 

Nov 10, 2022 3:44 PM

Rupee ends higher at 81.81 vs dollar

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 3:36 PM

Samvardhana Motherson reports September quarter earnings
      
-- Cons net profit up 13.4 percent at Rs 246 crore vs Rs 217 crore (YoY)

-- Cons revenue up 30 percent at Rs 18,261 crore vs Rs 14,077 crore (YoY)

-- Cons EBITDA up 48.7 percent at Rs 1,403 crore vs Rs 943 crore (YoY)

-- Margin at 7.7 percent vs 6.7 percent (YoY)

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 3:28 PM

P Sarath Chandra Reddy, who was arrested by ED today, is no way involved with operations of company

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 3:16 PM

Oil India reports September quarter earning

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 3:06 PM

Tata Motors, Axis Bank and Titan top blue-chip laggards

As many as 43 stocks in the Nifty50 basket struggle below the flatline.

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 2:46 PM

No plan to sell SUUTI stake in ITC as of now: Government sources to CNBC-TV18

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 2:19 PM

LT Foods' board approves preferential issuance of 2.7 crore shares 

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 2:00 PM

Nesco reports September quarter earnings 

-- Net profit up 86.4 percent at Rs 82 crore vs Rs 44 crore (YoY)

--  Revenue up 76.5 percent at Rs 43 crore vs Rs 81 crore (YoY)

--  EBITDA at Rs 101.2 crore vs Rs 50.4 crore (YoY)

--  Margin at 70.7 percent vs 62.2 percent (YoY)

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 1:30 PM

Gujarat Gas reports September quarter earning

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 1:12 PM

Zydus Wellness reports September quarter earnings

-- Net profit down 60.5 percent at Rs 8.5 crore vs Rs 21.5 crore (YoY)

-- Revenue up 11.9 percent at Rs 429.5 crore vs Rs 383.6 crore (YoY)

-- EBITDA down 46.8 percent at Rs 16.3 crore vs Rs 30.5 crore (YoY)

-- EBITDA margin at 3.8 percent vs eight percent (YoY)

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 12:50 PM

BEL signs MoU with Goa Shipyard for autonomous navigation

Stock Market Highlights: Sensex ends 419 pts lower and Nifty below 18,050 tracking global markets ahead of US inflation data
Nov 10, 2022 12:37 PM

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