NIFTY50: 19,694 ▼ 37 (-0.1%)
SENSEX: 65,655 ▼ 139 (-0.2%)
- Benchmark indices ended lower for the second straight day
- In all, 27 of the NIFTY50 stocks closed in the red
- Brent crude futures rose 1.7% to trade at $81.9 per barrel amid fears of more supply cuts by OPEC
Among the NIFTY sectoral indices, IT (+0.6%) and PSU Bank (+0.1%) were the top gainers, while Auto (-0.7%) and Media (-0.6%) were the top losers.
What's Up
| Top gainers | Today's change |
| Divi’s Labs | 3,672 ▲ 71 (+1.9%) |
| Bharti Airtel | 963 ▲ 16 (+1.7%) |
| Wipro | 400 ▲ 4.7 (+1.2%) |
What's Down
| Top losers | Today's change |
| Adani Enterprises | 2,151 ▼ 57 (-2.6%) |
| Bajaj Finance | 7,065 ▼ 155 (-2.1%) |
| M&M | 1,553 ▼ 31 (-1.9%) |
Market Sentiment
| USD-INR | 83.37 ▲ 0.08 (+0.10%) |
| NIFTY MIDCAP 100 | 41,856 ▲ 45 (+0.11%) |
| NIFTY SMALLCAP 100 | 13,872 ▼ 9.0 (-0.07%) |
| India VIX | 12.15 ▲ 0.32 (+2.7%) |
Stock Buzz
⭐ Nifty Pharma hits record high
The Nifty Pharma index set a new all-time high, backed by solid earnings by pharma companies in the September quarter. The index has climbed nearly 9% since 26 October, beating the benchmark indices Sensex and Nifty, which advanced 4.5% each. Alkem Laboratories led the rally with a 23% gain in the last month, followed by Aurobindo Pharma with 18%, IPCA Labs with 15%, and Zydus Life and Torrent Pharma with 11% each.
⭐ Zen Technologies zooms on order win
Shares of the defence training and anti-drone solutions provider were locked in the upper circuit at 5%. This was after the company received an export order worth ₹42 crore from a friendly nation. The order consists of state-of-the-art simulators, aligning with the national objective of becoming a net defence exporter.
⭐ Tata Investment gains ahead of Tata Technologies IPO
Tata Investment Corporation gained over 15% to hit a fresh 52-week high today. The Tata Group company witnessed a sharp rally ahead of the Tata Technologies IPO, which will open for subscription on 22 November. Tata Technologies is a subsidiary of Tata Motors, and Tata Investment Corporation is a promoter of the auto major. As per experts, this IPO will allow Tata Investment Corporation to unlock value. As a result, its shares are witnessing strong investor traction.
⭐ Mankind Pharma scales new high
Shares of the pharmaceutical company closed 4.8% higher, touching a new all-time high today, after the company became part of the Financial Times Stock Exchange (FTSE) All-World, Large-Cap, Total-Cap, and All-Cap indices, which measure the performance of global stocks of various market sizes by their market capitalisation.
IPO Corner
⭐ The ₹2,150 crore IPO of Indian Renewable Energy Development Agency (IREDA) will open for subscription between 21 to 23 November. Click here to pre-apply for the IPO.
⭐ Tata Group company, Tata Technologies will launch its ₹3,042 crore IPO on 22 November. This will be the first IPO from Tata Group in nearly two decades. This IPO will remain open till 24 November. Click here to pre-apply for the IPO.
⭐ The IPO of Gandhar Oil Refinery India, a prominent manufacturer of white oils will be open for subscription between 22 to 24 November. The company plans to raise ₹500 crore through this public issue. Click here to pre-apply for the IPO.
⭐ Fedbank Financial Services—a subsidiary of Federal Bank—which primarily offers gold and MSME loans, will launch its IPO on 22 November. ₹1,092 crore IPO will remain open till 24 November. Click here to pre-apply for the IPO.
⭐ Flair Writing IPO opens for subscription on 22 November. The writing instruments company plans to raise ₹593 crore through this IPO. Click here to pre-apply for the IPO.
Learn with Upstox
What is a circuit breaker?
Circuit breakers temporarily halt trading on an exchange when a stock or broad index moves in excess of a pre-set threshold amount. A circuit breaker is a mechanism used to prevent panic and speculation in the market. SEBI decides the limits and stop time for Indian markets. It sets the circuits at 2%, 5%, 10% or 20% of the previous price. There are two kinds of circuits, viz. lower and upper circuits, which are the minimum and maximum threshold prices.
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