MARKET UPDATE: Sensex at 60,531 levels, down 14 points, and Nifty unchanged at 18,068 levels
Published On: Tuesday, November 9, 2021 | By: Team KnowMyStock
Indian benchmark indices started flat, with a negative bias, today(9th Nov.2021) amid profit booking in financial, metals, and FMCG space. In early deals, the 30-pack Sensex index was at 60,531 levels, down 14 points or 0.02 percent. Its NSE counterpart, Nifty50, meanwhile, was unchanged at 18,068 levels. Divi's Labs, ONGC, M&M, Hindalco, and Tata Motors were the top-performing stocks on the 50-share index while Britannia, HDFC, HDFC Bank, Infosys, and Power Grid were the top laggards. On the contrary, the MidCap and SmallCap indices on the BSE were up 0.6 percent and 0.4 percent, respectively. Among individual stocks, TVS Motor Company surged 10 percent in the mid-cap space amid reports that the company is evaluating the possibility of a fund raising exercise for its Electric Vehicle business.
Real estate player Sobha, too, jumped over 6 per cent after the company reported a nearly three-fold rise in its net profit to Rs 48.3 crore for the September-ended quarter, compared to Rs 16.2 crore in the corresponding year-ago period. The Bengaluru-based firm's total income also jumped to Rs 832.3 crore in the September quarter, from Rs 545.9 crore during the period.
On the flipside, Ujjivan Small Finance Bank slumped 7 per cent after it reported a net loss of Rs 274 crore for the quarter ended September 30, owing to poor asset quality and higher provisions. The lender had logged a net loss of Rs 233 crore in the previous quarter. It, however, had reported a net profit of Rs 96 crore a year ago.
Overall, the market breadth was in the favour of the buyers with over 1,700 stocks advancing on the BSE compared with 740 stocks that declined on the BSE.
Tags: Indian benchmark indices started flat profit booking in financial metals and FMCG market breadth in favour of the buyers
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