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  5. Indices turn flat after opening in the red; NIFTY50 tests 24,000; Raymond up 4%, Hatsun Agro jumps 13%

Market News

Indices turn flat after opening in the red; NIFTY50 tests 24,000; Raymond up 4%, Hatsun Agro jumps 13%

Upstox
By Upstox News Desk

3 min read | Updated on November 05, 2024, 09:58 IST

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SUMMARY

At 09:22 AM, the S&P BSE SENSEX was trading at 78,738.92 levels, down 43.32 points, or 0.05%, while the broader NIFTY50 index was ruling at 23,989.25 points, down 6 points, or 0.03%.

Stock list

HATSUN
--
IRFC
--
RAYMOND
--
JSWSTEEL
--
HDFC Bank (down 1%) was the biggest loser on the SENSEX.

HDFC Bank (down 1%) was the biggest loser on the SENSEX.

Stock market today: The equity benchmark indices opened in negative territory on Tuesday, November 5, although some healthy buying was witnessed in metals and commodities counters. 

The BSE Metal index was trading 0.71% higher at 31,186.98 levels.

The market saw some recovery after opening in the red. 

At 09:22 AM, the S&P BSE SENSEX was trading at 78,738.92 levels, down 43.32 points, or 0.05%, while the broader NIFTY50 index was ruling at 23,989.25 points, down 6 points, or 0.03%.

HDFC Bank (down 1%) was the biggest loser on the SENSEX. On the other hand, JSW Steel (up 2%) was the top gainer. 

The top five gainers on the NSE were JSW Steel, Hindalco, Tata Steel, Sun Pharma, and HCL Tech. The top losers on the NSE were BEL, Adani Ports, HDFC Bank, HDFC Life, and Power Grid.

Buzzing Stocks

Shares of Raymond gained as much as 4.5% to ₹1,762.30 apiece on the BSE after the company on Monday reported a 63% decline in consolidated net profit to ₹59.01 crore in the second quarter of this fiscal year, compared to ₹161.16 crore logged in the year-ago period.

Total income rose to ₹1,100.70 crore during the July-September period of this fiscal from ₹512.35 crore in the corresponding period of the previous year.

Hatsun Agro Products stock surges 13% to ₹1,200 on the BSE. The company’s Q2 earnings report showed a 17% year-on-year drop in net profit to ₹64.32 crore from ₹77.57 crore in the same period last year.

The foreign institutional investors, which sold over ₹1 lakh crore worth of Indian equities in October, continued their selling spree on the first full trading session in November (Monday) as well. The FIIs sold ₹4,329 crore worth of Indian equities on Monday.

DIIs, on the other hand, bought equities worth ₹2,936 crore.

Broader Market

The BSE MidCap index was trading at 45,596.56 points, down 83 points, or 0.18% while the BSE SmallCap index was trading at 54,690.86, down 14 points, or 0.03%.

Sector Watch

Barring commodities and metals, all sectoral indices were trading either flat or in the red. 

The BSE Capital Goods index was trading at 68,130.72, down 0.57%.

Global Markets

Stock markets moved sideways, and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader, with polls showing the contest on a knife edge.

Oil held sharp overnight gains on delays to producers' plans for increased output, leaving benchmark Brent crude futures at $75.08 a barrel after a 3% rise on Monday.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat. Tokyo's Nikkei returned from a holiday and rose 1.3% in morning trade.

(With inputs from Reuters)

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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