Get App
POST-MARKET REPORT
The Indian equity markets snapped a seven-day losing streak and ended higher in the volatile session on November 19, with the Nifty at 23,500 amid buying seen in the auto, realty, and media names.
At close, the Sensex was up 239.37 points or 0.31 percent at 77,578.38, and the Nifty was up 64.70 points or 0.28 percent at 23,518.50.
M&M, Trent, Tech Mahindra, HDFC Bank, and Eicher Motors are among the top gainers on the Nifty, while losers are SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer, and Hindalco.
Among sectors, media, auto, realty, IT, and pharma are up 0.5-2.5 percent, while metal, oil & gas, and PSU Bank are down 0.5 percent each.
BSE Midcap and Smallcap indices are up nearly 1 percent each.
STOCKS TODAY
Shilpa Medicare: Shares climbed 2 percent following the announcement that its subsidiary, Shilpa Pharma Lifesciences, received two Certificates of Suitability (CEP) from the European Directorate for the Quality of Medicines & Healthcare (EDQM).
GMR Airports Infrastructure: Shares rose nearly 3 percent after the company reported handling over 1 crore passengers in October 2024, marking a 9.2 percent year-on-year (YoY) increase. Both domestic and international traffic grew by 9.2 percent YoY.
Akums Drugs: Shares were locked in a 5 percent upper circuit. With this move, the stock has snapped a ten-day losing streak. The stock had declined 35 percent during this 10-day losing streak. The company has entered into an exclusive master sales agreement with Caregen Co Ltd, which is a leading South Korean company in the Nutraceuticals segment. As per this agreement, Akums Drugs has been granted the exclusive rights to sell certain Caregen products range, in India, during the term of the agreement.
Life Insurance Companies: Shares of life insurance companies- SBI Life, HDFC Life, ICICI Prudential, and Max Financial-fell 1-3 percent after Finance Minister Nirmala Sitharaman advised banks to deter from selling insurance and instead focus on core banking.
Honasa Consumer: Shares lost nearly 12 percent after tumbling 20 percent in the previous session, as several brokerages flagged challenges to its growth trajectory after the company posted a quarterly loss.
PSP Projects: Shares surged nearly 4 percent following reports that the Adani Group is in advanced discussions to acquire a majority stake in the Gujarat-based construction company.