Market News Wrap, November 19: SENSEX, NIFTY see sharp fall from day's high on Russia-Ukraine war; auto, realty stocks soar

The domestic stocks quickly slipped from the day's highs after news reports surfaced that Ukrainian armed forces carried out their first strike in a border region within Russian territory with an ATACMS missile. 

The MGM-140 Army Tactical Missile System (ATACMS) is a supersonic tactical ballistic missile. The missile, as per a report by The Washington Post, travels at supersonic speeds with a maximum range of about 190 miles, more than double that of Ukraine’s Soviet-era Tochka-U missile, once the longest-range weapon in the country’s arsenal. 

The development comes after news reports said that US President Joe Biden's administration has allowed Ukraine to use US-made weapons to strike deep into Russia, in a significant reversal of Washington's policy in the Ukraine-Russia conflict.

At close, the S&P BSE SENSEX stood at 77,578.38, up 239.37 points or 0.31%. This was a steep fall from its day's high of 78,451.65 (down 873 points). 

The NSE's NIFTY50 index ended at 23,518.50, up 64.70 points, or 0.28%. During the day, the benchmark index of the NSE hit the day's high of 23,780.65 levels. 

Top gainers/losers on NIFTY50

Broader Market

The second-rung stocks, too, participated in the rally. The BSE MidCap index ended at 44,630.96 levels, up 417.40 points, or 0.94%.

The BSE SmallCap index ended at 52,490.94, up 468.57 points, or 0.90%. 

Sector Watch

Most sectoral indices settled in the green, barring energy metals and oil & gas packs. 

On the other hand, auto and realty stocks were the top gainers. The BSE REALTY index ended at 7,549.97 levels, up 108 points, or 1.45%. 

Market Statistics

Of 4,059 stocks traded on the BSE, 2,353 advanced and 1,612 declined, while 94 scrips remained unchanged, as per the BSE website. 

Further, as many as 172 stocks hit their 52-week highs while 81 touched their 52-week lows. 

Buzzing Stocks

Shares of Honasa Consumer ended 10.84% lower at ₹263.75 apiece on the BSE. The stock is taking a heavy beating after the company's poor set of numbers for the September 2024 quarter. 

The company reported a consolidated loss of ₹18.57 crore for the second quarter ended September 30, 2024, on account of inventory correction.

On Monday, the stock slumped 20% to ₹295.80—the lower circuit limit—on the BSE.

Shares of PG Electroplast jumped as much as 15% to hit a high of ₹718.35 apiece on the BSE on Tuesday, November 19, as the company, through its wholly-owned subsidiary, PG Technoplast Pvt. Ltd., has signed a definitive agreement with Spiro Mobility to become an exclusive manufacturing partner for the manufacturing of the EVs of Spiro Mobility (Spiro) in India. 

Vishal Mega Mart IPO likely by mid-December

Kedaara Capital and Partners Group-owned supermarket chain Vishal Mega Mart is planning to launch its ₹8,000 crore initial public offering (IPO) by the middle of December, Moneycontrol reported, citing sources. 

“The recent corrections in the stock markets have pushed the timelines a little, but there is a strong interest from investors for the deal given the long-term consumption growth story of India,” the report added.