Monday, November 25
Stock market today: BSE Sensex and Nifty50 tanked in trade on Friday. BSE Sensex ended the day at 79,402.29, down 663 points or 0.83%. Nifty50 closed the day at 24,180.80, down 219 points or 0.90%.
India Inc is expected to report a 16-quarter low revenue growth of 5-7% for the September quarter. The stagnation in construction, a decline in industrial commodities, and sluggish investment-linked sectors contributed to the slowdown. Additionally, the agriculture sector experienced a significant 20-22% revenue drop.
Stock market today: BSE Sensex and Nifty50 tanked in trade on Friday. The market capitalization of all listed companies on the BSE witnessed a substantial erosion of Rs 7.7 lakh crore, bringing the total market cap down to Rs 436.1 lakh crore.
Mumbai's leading indices experience volatility as foreign funds withdraw over Rs 80,000 crore this month. FII selling is expected to continue, exacerbated by Goldman Sachs downgrading India to neutral. Despite occasional bargain buying in mid and small-caps, investor sentiment remains bleak due to weak corporate earnings.
The Union Cabinet, led by PM Narendra Modi, has sanctioned several projects including a Rs 1,000 crore Venture Capital Fund aimed at fostering startups in the space sector. Additionally, two railway projects worth Rs 6,798 crore have been approved, enhancing connectivity across Andhra Pradesh, Telangana, and Bihar while promoting economic growth and environmental sustainability.
HUL will implement price hikes in its skin cleansing and tea products this quarter due to high commodity inflation, especially in crude palm oil and tea. The company reported a 4% decline in net profit and 1.9% increase in total sales for Q2.
Stock market today: The BSE Sensex closed at 80,065.16, a slight decrease of 16.82 points or 0.02 per cent, while fluctuating within a range of 446.8 points throughout the trading session. Similarly, the NSE Nifty ended the day at 24,399.40, down by 36.10 points or 0.15 per cent.
Stock market today: The 30-share BSE Sensex, which opened lower but later traded with gains on sporadic buying by investors, erased its earlier gains and closed lower by 138.74 points or 0.17 per cent at 80,081.98, with 22 of its constituents ending in the red. The index briefly dipped below the 80,000 mark to 79,891.68 due to increased selling in the second half of the trading session.
