{"id":7536,"date":"2021-11-16T15:57:40","date_gmt":"2021-11-16T10:27:40","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=7536"},"modified":"2021-11-16T16:26:47","modified_gmt":"2021-11-16T10:56:47","slug":"post-market-analysis-major-indices-close-lower-weighed-by-energy-and-banking-stocks-coforge-glenmark-pharma-and-macrotech-in-news-today","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/post-market-analysis-major-indices-close-lower-weighed-by-energy-and-banking-stocks-coforge-glenmark-pharma-and-macrotech-in-news-today\/","title":{"rendered":"Post Market Analysis: Major indices close lower weighed by energy and banking stocks; Coforge, Glenmark Pharma and Macrotech in news today"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7536\" class=\"elementor elementor-7536\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d019978 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d019978\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47a899f4\" data-id=\"47a899f4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d70a0f9 elementor-widget elementor-widget-text-editor\" data-id=\"7d70a0f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Benchmark indian indices closed lower, weighed by banking, energy and pharma stocks. The Sensex closed lower 0.65% to 60322.37 and Nifty ended 0.61% down to 17999.20.<\/p>\n<p>Nifty PSU Bank plunged 2.14%, Energy was down 1.34%, Pharma fell 1.26% and Bank lost 1.02%. The gainers were Nifty Auto (2.48%) and IT (0.49%).<\/p>\n<p>Indian rupee gained 11 paise to close at 74.37 against the US dollar on Tuesday. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-44c90749 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"44c90749\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-62d32a45\" data-id=\"62d32a45\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10a407f7 elementor-widget elementor-widget-image\" data-id=\"10a407f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/elementor\/thumbs\/daily-update-9-pg57s7ei87qg5hzs03x7emdaqe80j7vwacayvrqjqo.jpg\" title=\"daily update\" alt=\"daily update\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-718e5fbc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"718e5fbc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-69754693\" data-id=\"69754693\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-207ca195 elementor-widget elementor-widget-heading\" data-id=\"207ca195\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Stock in News Today<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6538dc48 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6538dc48\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-70ecddf8\" data-id=\"70ecddf8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16e4f0af elementor-widget elementor-widget-text-editor\" data-id=\"16e4f0af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Glenmark Pharmaceuticals<\/strong>: The company&#8217;s share price fell over 3.72% to close at Rs 517.45 after foreign broking and financial services company Morgan Stanley kept &#8220;underweight&#8221; rating on the stock with the target at Rs 554. The core business should grow in the low to mid-teens and margin should be stable, it said. Morgan Stanley added cash conversion and specialty monetisation are the key value drivers.<\/p><p><strong>Coforge<\/strong>: Shares of the company rose 6.87% in intraday trading ahead of US public issue via American Depository Receipts (ADR) route, accordign various news reports. According to a news report by moneycontrol.com, the ADR public issue will facilitate a partial exit for Barings PE Asia, one of the shareholders in the Coforge.<\/p><p><strong>Macrotech Developers<\/strong>: Shares of the company (Lodha Developers) jumped 10.265 to Rs 1,4516.45 after the real-estate developer announced the opening of its qualified institutional placement (QIP) issue to raise Rs 4,000 crore on Monday. The funds would be used for acquiring land parcels, future expansion plans, deleveraging and for general corporate purposes.<\/p><p><strong>Thermax Ltd<\/strong>: Shares of the company rose for the fourth day in a row and closed more than 10% higher on Tuesday, after the company reported robust quarterly results last week. Its net profit for the second quarter of FY22 rose to Rs 82.02 crore, up 164% year-on-year.<\/p><p><strong>HCL Technologies<\/strong>: The IT major has announced a new multi-year deal with Euroclear Group to expedite its tech transformation journey and enhance digital capabilities. HCL Tech and Euroclear will also establish a co-innovation lab in Brussels. Euroclear is a provider of domestic and cross-border settlement and related services for bond, equity and fund transactions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71fdd1ac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71fdd1ac\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2235216f\" data-id=\"2235216f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a44f703 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7a44f703\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Benchmark indian indices closed lower, weighed by banking, energy and pharma stocks. The Sensex closed lower 0.65% to&hellip;","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[44],"tags":[46,78,26,77,47,24,23],"class_list":{"0":"post-7536","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-eveninger","7":"tag-market-news","8":"tag-nifty","9":"tag-nse","10":"tag-sensex","11":"tag-sensex-today","12":"tag-share-market","13":"tag-stock-market","14":"cs-entry","15":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Post Market Analysis: Major indices close lower weighed by energy and banking stocks; Coforge, Glenmark Pharma and Macrotech in news today - Flattrade Kosh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/post-market-analysis-major-indices-close-lower-weighed-by-energy-and-banking-stocks-coforge-glenmark-pharma-and-macrotech-in-news-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Post Market Analysis: Major indices close lower weighed by energy and banking stocks; Coforge, Glenmark Pharma and Macrotech in news today - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"Benchmark indian indices closed lower, weighed by banking, energy and pharma stocks. 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