MARKET UPDATE:Sensex quoted at 61,026 levels, up 339 points, while Nifty at 18,197 levels, up 94 points
Published On: Monday, November 15, 2021 | By: Team KnowMyStock
The Indian benchmark indices started nearly 0.5 percent higher today (15th Nov.2021) supported by firm global cues and broad-based buying back home. In early deals, the BSE Sensex quoted at 61,026 levels, up 339 points, while the Nifty50 was at 18,197 levels, up 94 points. Hero MotoCorp was among the top gainers on the Nifty index, up 3 percent, on a healthy operational performance in Q2. The company reported standalone Ebitda of Rs 1,156 crore, up from Rs 515 crore YoY, and higher than Street estimates of Rs 904 crore. Margins, meanwhile, came in at 13.5 percent, up from 9.4 percent YoY and Bloomberg estimate of 11.2 percent. In the broader markets, the BSE MidCap and SmallCap indices added up to 0.4 percent.
Among individual stocks, shares of Nykaa dropped 5.6 per cent after the fashion and cosmetics online retailer reported 96 per cent YoY plunge in Q2 net profit to Rs 1.1 crore in the September quarter. The company's revenue, however, increased 47 per cent YoY to Rs 885 crore.
That apart, shares of SpiceJet fell 1.5 per cent as the airline reported widening of net loss to Rs 561.7 crore for the quarter ended September 2021 as against a net loss of Rs 112.6 crore in the corresponding period last fiascal.Total income rose to Rs 1,538.6 crore from Rs 1,292.9 crore.
Sectorally, all the indices were trading higher led by the Nifty Auto index, up 1 per cent, and the Nifty Bank index (up 0.8 per cent).
Tags: Indian benchmark indices firm global cues broad-based buying back home Hero MotoCorp Nykaa SpiceJet
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