SENSEX slips below 80,000; NIFTY down 80 pts; HUL shares sink nearly 6% on Q2 nos

Last seen, the S&P BSE SENSEX was trading at 79,858.92 levels, down 223 points, or 0.28%, while the NSE NIFTY50 index was trading at 24,357.10 points, down 78 points, or 0.32%.

The top gainers were HDFC Life, HDFC Bank, Cipla, HCL Tech, and UltraTech Cement. The top losers were Hindalco, HUL, SBI Life, Nestle India, and Bharti Airtel.

Buzzing Stocks

HUL shares were trading over 4% lower after the FMCG giant reported a disappointing set of numbers for the September quarter (Q2 FY25). 

Revenue from operations in the second quarter stood at ₹11,301.68 crore as against ₹9,932.82 crore in the year-ago period, it added.

Broader Market

The BSE Micap index was trading at 46,090.85 levels, down 105.50 points, or 0.23% while the BSE SmallCap index was trading 0.43% lower at 53,799.94 points. 

Sector Watch

FMCG stocks bled the most. The BSE Fast Moving Consumer Goods index was trading at 21,519.92 levels, down 1.63%. Other top losers were telecom stocks, metals and technology counters.

Global Markets

Asian shares fell on Thursday, while the dollar held near three-month highs and US yields rose as uncertainty over the US election outcome kept markets on edge, though Tesla's forecast-topping earnings provided some comfort for investors.

Tokyo's Nikkei reversed earlier losses to be up 0.2%. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3%, pressured by falls in Chinese shares.

Hong Kong's Hang Seng index fell 1.3%, and China's blue chips dropped 0.8%.