NIFTY50: 19,133 ▲ 144 (+0.7%)
SENSEX: 64,080 ▲ 489 (+0.7%)
- Benchmark indices snaps two-day losing streak
- Out of the NIFTY50 pack, 42 closed in the green.
- The US Federal Reserve kept its key policy rates unchanged in its November meeting
All of the NIFTY sectoral indices closed in green with Realty (+2.5%) and PSU bank (+1.5%) as the top gainers.
What's Up
| Top gainers | Today's change |
| Britannia | 4,529 ▲ 130 (+2.9%) |
| Hindalco | 475 ▲ 12 (+2.6%) |
| IndusInd Bank | 1,462 ▲ 30 (+2.1%) |
What's Down
| Top losers | Today's change |
| Hero MotoCorp | 3,060 ▼ 31 (-1.0%) |
| Bajaj Auto | 5,319 ▼ 25 (-0.4%) |
| HDFC Life | 619 ▼ 1.0 (-0.17%) |
Market Sentiment
| India VIX | 11 ▼ 0.9 (-8.0%) |
| NIFTY MIDCAP 100 | 39,312 ▲ 537 (+1.3%) |
| NIFTY SMALLCAP 100 | 12,809 ▲ 169 (+1.3%) |
| USD-INR | 83.2 ▼ 0.03 (-0.04%) |
Stock Buzz
⭐ Adani Enterprises posts weak Q2 results
Adani Enterprises reported a 23% YoY decline in Q2 net profit at ₹333 crore for the September quarter. The company’s revenue from operations also fell by 41% to ₹22,517 crore.The company’s shares closed 0.15% lower today.
⭐ Kotak Bank rises on Zurich Insurance deal
Zurich Insurance is set to acquire a 51% stake in Kotak General Insurance with a ₹4,051 crore investment. It also plans to increase its stake to 70% within three years. Shares of Kotak Mahindra Bank, the parent of Kotak General Insurance, closed 0.68% higher after the announcement.
⭐ Britannia Industries surges after Q2 results
Shares of Britannia Industries surged nearly 3% after the company announced robust Q2 results on 1 November. The company’s net profit grew 19% YoY, reaching ₹586.5 crore. Meanwhile, its total revenue from operations rose marginally by 1.2% YoY to ₹4,433 crore.
⭐ Godrej Properties’ booking value spikes in Q2
Godrej Properties’ consolidated net profit for the September quarter rose 22% YoY to ₹67 crore. The Mumbai-based real estate developer also recorded its highest-ever quarterly sales with booking value at ₹5,034 crore, a growth of 109% YoY. Its shares were up over 3% today.
⭐ VA Tech Wabag zooms on order win
Shares of VA Tech Wabag, a leading MNC in the water treatment industry, surged nearly 5% as it secured a ₹555 crore order to design, build and operate a water treatment plant in Tunisia. This project is funded by the French Development Agency and European Investment Bank. The execution period of this project will be over 30 months followed by another one year for operation and maintenance of the plant.
IPO Corner
⭐Honasa Consumer’s IPO, the parent company of Mamaearth, was subscribed 7.61 times on the final day. Shares of the company will be listed on 10 November 2023.
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