return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Trading
    /
  5. Market News Wrap, November 12: No place for bulls as SENSEX, NIFTY end 1% lower; auto, bank stocks bleed

Market News

Market News Wrap, November 12: No place for bulls as SENSEX, NIFTY end 1% lower; auto, bank stocks bleed

Upstox
By Upstox News Desk

3 min read | Updated on November 12, 2024, 16:37 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The equity benchmark indices saw a sharp fall during the day after opening with decent gains. At close, the S&P BSE SENSEX stood at 78,675.18 levels, down 820.97 points, or 1.03%. The NSE's NIFTY50 index settled at 23,883.45, down 257.85 points, or 1.07%. 

Stock list

HYUNDAI
--
TRENT
--
SPARC
--
The BSE MidCap index ended at 45,268.42, down 0.98%

The BSE MidCap index ended at 45,268.42, down 0.98%

Market News Wrap: Recovery, euphoria, and optimism seem elusive for Dalal Street these days, as traders are using the "sell on rise" strategy quite aggressively. 

Tuesday, November 12, was another day when bears got better of bulls hands down even when the global and domestic cues were not that bad. 

Britannia Industries reported a fall in profit, but it was on expected lines, and on the positive side, it showed growth in volume, unlike Asian Paints. 

Besides, Jubilant FoodWorks and Hindalco Industries numbers were encouraging. Still, there was widespread selling. 

Here is a list of key developments that you need to know about today's trading session.
  • SENSEX, NIFTY fall further: The equity benchmark indices saw a sharp fall during the day after opening with decent gains. At close, the S&P BSE SENSEX stood at 78,675.18 levels, down 820.97 points, or 1.03%. The NSE's NIFTY50 index settled at 23,883.45, down 257.85 points, or 1.07%. 

On the NIFTY50 index, 46 stocks declined and only four scrips advanced.

  • Top gainers & losers: The top gainers on the NIFTY50 were Trent, Sun Pharma, HCL Tech, and Infosys. The top losers were Britannia, BEL, NTPC, Asian Paints, and HDFC Bank. 
  • All sectors but realty end lower: Barring BSE Realty, all sectoral indices ended in the red. The BSE BANKEX index was down 1.45% while the BSE Auto index ended at 52,630.39, down 1.95%.

On the other hand, the BSE Realty index ended at 7,560.02, up 0.14%.

  • Broader Market: The BSE MidCap index ended at 45,268.42, down 0.98% while the BSE SmallCap index ended 1.26% lower at 53,604.48 levels. 
  • Market Statistics: Of 4,061 stocks traded on the BSE, 2,737 declined and 1,231 advanced, while 93 stocks remained unchanged.

Besides, as many as 191 stocks on the BSE hit a 52-week high while 71 scrips nosedived to a 52-week low. 

Further, nine stocks hit their upper circuits on the BSE and two hit their lower circuit limits. 

  • Hyundai Motor India Q2: Hyundai Motor India on Tuesday reported a 16% decline in consolidated profit after tax at ₹1,375 crore for the second quarter ended September 2024, hit by weak market sentiments and geopolitical factors.
ALSO READ | RateGain Travel, Neuland Labs, LTTS, Jubilant FoodWorks, NMDC, RIL: Top buzzing stocks

The automaker had reported a consolidated profit after tax (PAT) of ₹1,628 crore in the July-September quarter of the last fiscal.

Its total revenue from operations stood at ₹17,260 crore for the second quarter compared to ₹18,660 crore in the year-ago period.

Uplearn

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.

Next Story