Stock Market Live Updates: Market Ends With Cuts, Nifty Below, 19,450

The Sensex concluded the trading session on November 13 with a decline of 325 points, closing at 64,933.87, marking a 0.50% decrease. Similarly, the Nifty 50 ended the day at 19,443.50, down by 82 points or 0.42%. Among the shares, 1659 showed gains, 2043 experienced losses, and 132 remained unchanged. Small-cap stocks outperformed the larger indices.

Shares of Bajaj Finance, Nestle, and SBI were the laggards. Shares of Protean eGov Technologies listed at par to the IPO issue price of Rs 792 on BSE today.

Anand James, Chief Market Strategist at Geojit Financial Services believes on Nifty 50, the 50DMA at 19570 remains a stiff challenge, until above which, expect buyers to not chase prices higher. This also brings the downside markers forward from 19262/19170 to 19433 or 19370 which would be critical as turnaround points while we play the 19840 trajectory.

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Nov 13, 2023, 3:47 pm IST

Market Ends With Cuts, Nifty Below, 19,450

The Sensex concluded the trading session on November 13 with a decline of 325 points, closing at 64,933.87, marking a 0.50% decrease. Similarly, the Nifty 50 ended the day at 19,443.50, down by 82 points or 0.42%. Among the shares, 1659 showed gains, 2043 experienced losses, and 132 remained unchanged. Small-cap stocks outperformed the larger indices.

Nov 13, 2023, 3:31 pm IST

Indian Bank Achieves a 52-Week High

Indian Bank's shares have maintained their positive trajectory for the second consecutive day, marking an increase of more than 6%. Furthermore, the stock recently reached a 52-week high at Rs 451.20 per share. This milestone reflects a significant 53.7% surge over the past six months.

Nov 13, 2023, 3:24 pm IST

BHEL Shares Surge 6% Despite Weak Q2 Earnings

On November 13, BHEL's shares witnessed a remarkable increase of over 6%. This positive trend comes after a recent dip following the company's disappointing Q2 financial results. For the quarter ending September 2023, the state-owned engineering firm reported a consolidated net loss of Rs 238.12 crore, a stark contrast to the Rs 12.10 crore profit recorded in the same period of the previous year.

Nov 13, 2023, 3:14 pm IST

Wockhardt Soars To A 52-Week High

Wockhardt's shares are showing impressive gains for the third consecutive day, marking a 10.9% increase. Moreover, the stock recently reached its 52-week high, trading at Rs 499 per share earlier today. This achievement reflects a remarkable 30% surge over the past six months.

Nov 13, 2023, 2:55 pm IST

Aurobindo Pharma Achieves 52-Week High Following Strong Q2 Earnings

On Monday, Aurobindo Pharma saw its shares reach a fresh 52-week high of Rs 1,015 per share on the BSE, driven by impressive second-quarter earnings. Despite a lackluster market sentiment today, the pharmaceutical company's stock displayed strong gains, propelled by the robust financial results it unveiled last Thursday for the quarter concluding on September 30, 2023.

Nov 13, 2023, 2:04 pm IST

Bank of Baroda Share Rally As India Ratings Assigns IND AAA/Stable Rating To Bank of Baroda Rs 10000 Cr of Bonds

On Monday, the shares of Bank of Baroda were trading in green at Rs 197 after India Ratings assigned IND AAA/Stable rating to Bank of Baroda INR 10000 crores of Infrastructure and Affordable Housing Bonds. “The ratings continue to reflect BOB’s high-systemic importance to the government of India (GoI; 63.97% stake as of September 2023), and hence, a high probability of support from the GoI, if required. The ratings also reflect BOB’s large franchise with a pan-India and relatively large international presence, strong capitalisation, and superior liquidity and asset quality metrics, which are better than comparable public sector banks (PSBs),” said BoB in a stock exchange filing.

Nov 13, 2023, 1:53 pm IST

Bajaj Healthcare Q2 Results

The company reported that, in comparison to Q2 of the previous year, its revenue from continuing operations dropped by 48.18% to Rs 1012.10 Mn in Q2 FY24. This decline was primarily attributable to the broad terms of slow demand in both domestic and international markets during the first half of the year. Due to lower sales revenue, EBITDA from Continuing Operations dropped from Rs. 344.37 Mn in Q2 FY23 to Rs. 189.50 Mn in Q2 FY24. However, a stronger sales mix during the quarter expanded EBITDA margin, which climbed to 18.72% in Q2 FY24 from 17.63% in Q2 FY 23. According to the firm, its Q2 FY24 net profit was Rs. 51.24 million, with a fall in net profit margins from 10.89% in Q2 FY23 to 5.00% in Q2 FY24, primarily as a result of reduced sales revenues and finance and depreciation.

Nov 13, 2023, 11:09 am IST

Protean eGov Soars 3% After Muted Debut On Bourses

Shares of Protean eGov Technologies Ltd witnessed a rally of 2.46% intraday today as the shares listed at the issue price of Rs 792 apiece on BSE. Before listing on the bourses, eGov Technologies shares were trading at a 6% premium in the grey market.

Nov 13, 2023, 10:17 am IST

Rupee outlook

Anand James, Chief Market Strategist at Geojit Financial Services: USDINR saw a strong push into the 83.3-83.4 region on Friday, something that we had pencilled as a trigger towards a breakout move higher. However, we are inclined to see this as an aberration, given there was no follow through buying. That said, expect 84 to 84.6. should we begin trading above 83.4. Alternatively, downsides are expected to be held in the 83.19 region, but a penetration of 83.02 could expose 82.78.

Nov 13, 2023, 10:16 am IST

Derivative outlook

Anand James, Chief Market Strategist at Geojit Financial Services: Nifty weekly contract has highest open interest at 19500 for Calls and 19400 for Puts while monthly contracts have highest open interest at 19500 for Calls and 19000 for Puts. Highest new OI addition was seen at 19400 for Calls and 19300 for Puts in weekly and at 19400 for Calls and 19300 for Puts in monthly contracts. FIIs decreased their future index long position holdings by 10.63%, decreased future index shorts by 0.06% and increased in index options by 16.96% in Call longs, 10.93% in Call short, 20.93% in Put longs and 33.46% in Put shorts.

Nov 13, 2023, 10:16 am IST

Nifty Outlook For The Day

Anand James, Chief Market Strategist at Geojit Financial Services: The 50DMA at 19570 remains a stiff challenge, until above which, expect buyers to not chase prices higher. This also brings the downside markers forward from 19262/19170 to 19433 or 19370 which would be critical as turnaround points while we play the 19840 trajectory.

Nov 13, 2023, 10:15 am IST

Nifty Price

Nifty 50 slipped below 19,500 critical mark and traded at 19,473.40 lower by 52.15 points or 0.27%. The 50-scrip index has also touched an intraday high and low of 19,494.40 and 19,440.90, after opening at 19,486.75.

Nov 13, 2023, 10:14 am IST

Sensex Price

Due to bearish tone, Sensex struggled to hold 65,000 mark. It traded at 65,041.44, down by 218.01 points or 0.33%. The 30-scrip benchmark opened at 65,158.31, and touched an intraday high and low of 65,176.96 and 64,940.70 respectively.