Market wrap, Nov 13: Indices snap winning streak; SENSEX falls 319 pts, NIFTY50 ends at 25,144; Shriram Fin top loser

The Indian stock market snapped its winning streak and closed in red on Friday, November 13, weighed down by auto and realty stocks. The rising crude oil prices and weak global markets also dampened investor sentiment.

Global crude oil prices were trading above $95 per barrel (bbl) in the later afternoon period, as investors focused on US President Donald Trump’s latest comments to the media that he would not hesitate to resume military strikes on Iran. Oil prices hit an intraday high of $96.76 per bbl on Friday.

According to exchange data, on Thursday, the foreign institutional investors (FIIs) bought equities worth ₹7,830.60 crore on a net basis, while the domestic institutional investors (DIIs) sold ₹6,331.17 crore worth of equities.

Globally, the Asian stocks closed mixed as investors looked beyond the upheaval at Nvidia and returned to technology shares.

Singapore’s Straits Times declined 0.96%, Hong Kong’s Hang Seng slipped 1.81%, China’s Shanghai Composite lost 0.59% and South Korea’s Kospi index fell 0.99%. Japan’s Nikkei index, however, closed 0.44% higher on Friday.

On Wall Street, the US equity market indices ended lower on Thursday as investors focused on Nvidia’s leadership saga with Jensen Huang stepping down from his role and elevated US Treasury yields amid buying sentiment in other chipmaking stocks.

The Dow Jones Industrial Average declined 0.36% to close at 52,297.09 points, while the S&P 500 fell 0.35% to 7,592.40 points. The tech-heavy Nasdaq 100 also ended 0.30% lower at 28,289.19 points, recovering some of its early losses.

Here are the key developments of Friday's session that you need to know

As many as 3,721 stocks traded on the NSE on Friday. Out of this, 1,446 advanced and 2,179 stocks declined, while 96 scrips remained unchanged.

This indicated that the market breadth was in favour of declines.

A total of 102 stocks hit their 52-week highs, while 29 stocks touched their one-year lows. Besides, 108 stocks hit their upper circuit limits, and 96 touched their lower circuit bands on Friday.

The market capitalisation of NSE-listed firms stood at ₹505.7 lakh crore at the close of the session.

India VIX, the volatility gauge, stood at 15.55 levels, declining 6.45%.

The broader also closed in red, with the Nifty Midcap 100 falling 0.24% to settle at the 61,889.50 level, while the Nifty Smallcap 100 dropped 0.26% to end at the 19,656.45 level.

All the sectors ended in the session in red with NIFTY Realty (-1.39%) leading the pack. NIFTY Auto (-1.07%), NIFTY Metal (-0.98%), NIFTY Private Bank (-0.76%) and NIFTY IT (-0.72%) were the other top laggards.

On the NIFTY50 index, 38 stocks closed lower, while 11 advanced and one remained unchanged by the end of the session.

Shriram Finance was the biggest laggard on the 50-share index, falling 3.37%, followed by Tata Motors PV (-3.31%), Grasim Industries (-2.6%), Hindalco Industries (-2.12%) and Adani Enterprises (-1.95%).

On the flip side, Eicher Motors (1.34%), Hindustan Unilever (-0.96%), BSE (0.73%), Asian Paints (0.53%) and Bharti Airtel (0.48%) were the top gainers of the day.