Indian Stock Market Today: Nifty Ends Above 25,500, Led by Gains in Infosys and HCL Tech
The Nifty ended in the green, closing above the 25,500 mark, led by gains in Infosys and HCL Tech, while Trent and Tata Consumer Products were the biggest drags. The Nifty Nov futures is up 0.42% to 25,694 at a premium of 120 points.
Nifty Midcap 150 and Nifty Smallcap 250
The Nifty Midcap 150 also closed higher, with Uno Minda and Nykaa leading the gains, while the Nifty Smallcap 250 ended flat, supported by NALCO and Balrampur Chini.
Sectorally, Nifty IT Emerged as the Top Gainer
Sectorally, Nifty IT emerged as the top gainer, driven by strength in Infosys and HCL Tech, while Nifty Media was the biggest loser. Nifty Realty fell for the fourth straight session, weighed down by Sobha and Raymond.
US Stocks Rose, MSCI All Country World Index Had Its Best Day Since Late June
As US stocks rose, the MSCI All Country World Index had its best day since late June as the White House expressed support for the bipartisan deal to end the shutdown. The S&P 500 Index closed 1.5% higher in New York, extending Friday’s last-minute rally which was sparked by renewed negotiations to end the shutdown.
Asian Stocks Advanced for a Second Consecutive Day
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment, sparking a cross-asset rally from commodities to cryptocurrencies. MSCI’s regional stock gauge rose 0.5%.
Gold Held Gains After Recording Its Biggest Daily Jump Since May
Gold held gains after recording its biggest daily jump since May. Bullion was steady on November 11 at around $4,120 an ounce, having surged as much as 2.9% in the previous session.
Oil Steadied as Traders Tracked Softening Market Metrics
Oil steadied as traders tracked softening market metrics and waited for reports that may give clues about an impending global surplus. Brent was near $64 a barrel after a small gain on Monday, while the West Texas Intermediate was below $60.
Copper Gained 0.7% on the LME to Settle at $10,796 a Ton
Copper gained 0.7% on the LME to settle at $10,796 a ton, while Comex prices rose 3% to $5.106 a pound. All other metals moved higher on the LME.
Corporate Results: JINDAL STAINLESS, ROLEX RINGS, EIH ASSOCIATED, and More
Several companies reported their quarterly results. JINDAL STAINLESS reported a 6.7% increase in revenue, while ROLEX RINGS reported a 9.6% decline in revenue. EIH ASSOCIATED reported a 17.7% decline in revenue, while HLE GLASCOAT reported a 48.8% increase in revenue.
BAJAJ CONSUMER, SUBROS, BAAZAR STYLE, and More Reported Strong Results
BAJAJ CONSUMER reported a 13.4% increase in revenue, while SUBROS reported a 6.2% increase in revenue. BAAZAR STYLE reported a 71% increase in revenue, while HUDCO reported a 31.7% increase in net interest income.
BAJAJ FINANCE, HEG, DOMS INDUSTRIES, and More Reported Strong Results
BAJAJ FINANCE reported a 22% increase in net interest income, while HEG reported a 13.3% increase in revenue. DOMS INDUSTRIES reported a 24.1% increase in revenue, while SYRMA SGS reported a 37.6% increase in revenue.
TRIVENI TURBINE, GUJARAT GAS, SULA VINEYARDS, and More Reported Results
TRIVENI TURBINE reported a 1% increase in revenue, while GUJARAT GAS reported a 2.1% decline in revenue. SULA VINEYARDS reported a 1.1% decline in revenue, while VODAFONE IDEA reported a 1.6% increase in revenue.
ELLENBARRIE INDUSTRIAL, HINDUJA GLOBAL, INDIAN HUME PIPE, and More Reported Results
ELLENBARRIE INDUSTRIAL reported a 5.9% decline in revenue, while HINDUJA GLOBAL reported a 2.2% increase in revenue. INDIAN HUME PIPE reported a 5.5% increase in revenue, while NAVNEET EDUCATION reported a 68.9% decline in revenue.
ATHER ENERGY, BALAJI AMINES, SRI LOTUS, and More Reported Results
ATHER ENERGY reported a 54.1% increase in revenue, while BALAJI AMINES reported a 1.8% decline in revenue. SRI LOTUS reported a 187.1% increase in revenue, while TASTY BITE reported a 15.2% decline in revenue.
POWER MECH PROJECTS, CE INFO, GANESHA ECOSPHERE, and More Reported Results
POWER MECH PROJECTS reported a 19.5% increase in revenue, while CE INFO reported a 6.5% decline in revenue. GANESHA ECOSPHERE reported a 6.1% decline in revenue, while G R Infra reported a 14.9% increase in revenue.
SPARC, ALL TIME PLASTICS, DYNAMATIC TECH, and More Reported Results
SPARC reported a 38.9% decline in revenue, while ALL TIME PLASTICS reported a 12.5% increase in revenue. DYNAMATIC TECH reported an 8.6% increase in revenue, while KALPATARU reported a 56.8% increase in revenue.
KEC International, Reliance Power, ESAB India, and More Reported Results
KEC International reported a 19.1% increase in revenue, while Reliance Power reported a 12.2% increase in revenue. ESAB India reported a 12.7% increase in revenue, while GLENMARK PHARMA reported approval from China’s drug regulator for Ryaltris.
Glenmark Pharma, Fortis Healthcare, Jash Engineering, and More Reported Updates
Glenmark Pharma reported approval from China’s drug regulator for Ryaltris. Fortis Healthcare reported an open offer update from IHH Healthcare Berhad. Jash Engineering reported consolidated orders worth Rs 50 crore in October.
Patel Engineering, A B Infrabuild, Waaree Renewable, and More Reported Updates
Patel Engineering reported that its board will meet on November 13 to consider raising funds. A B Infrabuild reported a Rs 100 crore order from Central Railways. Waaree Renewable reported an increase in the scope of its commercial order.
TRANSRAIL, Cosmic CRF, Britannia Industries, and More Reported Updates
TRANSRAIL clarified that neither it nor its subsidiaries are included in the World Bank’s list of ineligible firms and individuals. Cosmic CRF reported a Rs 15 crore order from Indian Railways. Britannia Industries reported the resignation of Varun Berry as Managing Director and CEO.
PFC, City Union Bank, Vikran Engineering, and More Reported Updates
PFC reported the incorporation of a wholly-owned arm, ALIBAG POWER TRANSMISSION. City Union Bank reported the opening of two new branches. Vikran Engineering reported a Letter of Award worth Rs 1,642 crore from SPV.
RDB Infra, Ester Industries, Alkem Labs, and More Reported Updates
RDB Infra reported a pact with NRG Renewable Resources for the execution of solar power projects worth Rs 277 crore. Ester Industries reported a multi-year off-take agreement with Nike. Alkem Labs reported the conclusion of an inspection at its Baddi manufacturing facility.
Vodafone, RVNL, Swan Defence, and More Reported Updates
Vodafone reported a subscription to a 26% stake in SPV for operating a captive power plant. RVNL reported a Rs 145 crore order from South Central Railway. Swan Defence reported a Letter of Intent worth $220 million with Rederiet Stenersen for the construction of chemical tankers.
Irb Infra, Ather Energy, CE Info, and More Reported Updates
Irb Infra reported a business update, with gross toll collections up 9% at Rs 682 crore. Ather Energy reported the commencement of production in Factory 3.0 in Maharashtra in October 2026. CE Info reported a project worth Rs 110 crore from Indian Oil Corporation.
Diamond Power, Godrej Consumer Products, Sula Vineyards, and More Reported Updates
Diamond Power reported approval for raising funds worth up to Rs 1,000 crore. Godrej Consumer Products reported the completion of the acquisition of the FMCG business of Triology Solutions. Sula Vineyards reported the re-appointment of Rajeev Samant as Managing Director and CEO.
Syrma SGS Technology, BPCL, OIL INDIA, and More Reported Updates
Syrma SGS Technology reported an agreement to acquire a 60% majority stake in Elcome Integrated Systems. BPCL reported the resolution of Force Majeure following an improvement in the security situation in Mozambique. OIL INDIA reported the lifting of the Force Majeure declaration imposed in April 2021.
G R Infra, SPARC, All Time Plastics, and More Reported Updates
G R Infra reported the resignation of Vinod Kumar Agarwal as Chairman and Whole-Time Director. SPARC reported a 38.9% decline in revenue. All Time Plastics reported a 12.5% increase in revenue.
Pine Labs, Physics Wallah, Emmvee Photovoltaic Power, and More Reported Updates
Pine Labs reported a public issue subscribed to 0.54 times on day 2. Physics Wallah reported an offer for sale of shares. Emmvee Photovoltaic Power reported an offer for sale of shares.
Kaynes Technology, Apollo Hospitals, ICICI Bank, and More Reported Block Deals
Kaynes Technology reported a block deal at Rs 6498. Apollo Hospitals reported a block deal at Rs 7,474. ICICI Bank reported a block deal at Rs 1,332.
Chembond Chemicals, Global Surfaces, Refractory Shapes, and More Reported Updates
Chembond Chemicals reported the acquisition of shares by its promoter. Global Surfaces and Refractory Shapes reported exclusion from the ASM Framework. Transformers and Rectifiers reported a price band change from 20% to 10%.
Ex-Dividend, Nifty Nov Futures, and More
Astral Limited, Nuvama Wealth Management, and Garden Reach Shipbuilders & Engineers reported ex-dividend. Nifty Nov futures were up 0.42% to 25,694 at a premium of 120 points.
For more information on the stock market news and Indian stock market, please visit our website. We provide stock market tips and stock market analysis to help you make informed investment decisions.