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POST MARKET
The Indian markets snapped a two-day gaining streak and ended lower in a volatile session on November 21, dragged by weak global cues.
At close, the Sensex was down 400.76 points or 0.47 percent at 85,231.92, and the Nifty was down 124 points or 0.47 percent at 26,068.15. About 1113 shares advanced, 2711 shares declined, and 131 shares were unchanged.
Except for FMCG, all other sectoral indices ended in the red, with capital goods, realty, PSU Bank, and metal down 1 percent each.
Maruti Suzuki, M&M, Interglobe Aviation, Tata Motors PV, and Max Healthcare were among the major losers on the Nifty, while gainers included JSW Steel, Hindalco, Tata Steel, Bajaj Finance and HCL Technologies.
Among the broader market indices, the BSE Midcap and Smallcap indices shed 1.3 percent each.
STOCKS TODAY
Hindalco
The shares went down 2.81 percent after the government extended exemptions from mandatory quality control orders for select steel and stainless-steel grades, a move that could allow more imports to flow into the country and pressure domestic prices.
IndusInd Bank
The shares of IndusInd Bank jumped 2 percent, emerging as the top gainer on the Nifty Bank index. This comes after a buzz started at IndusInd Bank for a billion-dollar fund raise, but the private lender denied reports onthe fund raise.
Mahindra & Mahindra (M&M)
Mahindra & Mahindra (M&M) shares emerged as one of the top gainers on the Nifty50, rising nearly a percent after the Mahindra Group outlined plans to achieve an eight-fold jump in consolidated revenue from its auto business by FY30 over FY20 levels, with a sharper focus on SUVs and light commercial vehicles.
Kotak Mahindra
The shares went down over 0.5 percent after the board had approved a 5-for-1 stock split and cleared the sub-division of one equity share of face value Rs 5 each, fully paid-up, into five equity shares of face value Re 1 each, fully paid-up.
Source – Money Control