Sensex Today Ends 143 Points Lower | KRBL Tumbles 8% | HUL & Adani Enterprises Top Losers

Thu, 9 Nov Closing

   Previous Close   

   Pre-Open   

   10:30 am   

After opening the day flat, Indian share markets turned volatile as the session progressed and ended the day lower.

Benchmark indices ended lower on Thursday, the day of weekly F&O expiry, amid fag-end selling. Further, concerns about supply are giving way to doubts about plunging refinery profits in China and Europe, lackluster physical cargo trading and an uncertain economic outlook for the US.

At the closing bell, the BSE Sensex stood down by 143 points.(down 0.2%)

Meanwhile, the NSE Nifty closed lower by 48 points (down 0.3%).

M&M, Apollo Hospital and Power Grid Corporation were among the top gainers today.

HUL, Adani Enterprises and ONGC on the other hand, were among the top losers today.

The GIFT Nifty was trading at 19,475, down by 26 points, at the time of writing.

The BSE MidCap index ended marginally up while the BSE SmallCap index ended lower by 0.3%.

Sectoral indices ended mixed with stocks in the realty sector, auto sector and metal sector witnessing most of the buying. Meanwhile stocks in energy sector, IT sector and media sector witness selling.

Shares of TVS Motors, Patanjali Foods and Godrej Properties hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Asian share markets ended in the positive territory. The Shanghai Composite ended marginally higher while the Nikkei index rose 1.5%.

The rupee is trading at 83.29 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 59,836 per 10 grams.

Speaking of stock markets, Co-head of Research at Equitymaster Tanushree Banerjee talks about the possibility of Sensex at 50,000 in 2024, in her latest video.

With most of the positives priced in, any negative shocker, especially like the macro variables, could cause a huge dent in the index next year.

Watch the below video for more:

Page Industries Q2 Net Profit Falls 7.3%

In news from the textile sector, Page Industries, on 9 November 2023, reported a consolidated net profit of Rs 1.5 billion (bn) for the September quarter of FY24, declining 7.3% compared to Rs 162.12 in the year-ago period.

Total revenue of the company came in at Rs 11.3 bn, falling 8.4% from Rs 12.3 bn in the year-ago quarter.

Earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter was at Rs 2.3 bn, declining by 1.9% YoY. The EBIDTA margin was 20.7% versus 19% YoY.

The company's growth strategy remains firm, with a focus on sustainable, long-term expansion.

This approach aims to enhance consumer experiences, diversify product offerings, improve operational efficiency, and adopt digital transformation.

The company is dedicated to strengthening the company's market position and preserving operational profitability through disciplined cost management and optimizing the company's supply chain.

The company's distribution network expansion plans are progressing as planned, with a strategic emphasis on major cities and tier 2 and 3 locations.

Additionally, the company is committed to bolstering the company's online presence through E-commerce, aligning with changing consumer shopping preferences.

Promoter holding in Page Industries has gone down in Q2. For more details, check out Insiders are Selling These 5 Stocks at an Incredible Pace.

Apollo Hospitals Q2 Results

Moving on to news from the healthcare sector, hospital chain Apollo Hospitals today reported a 14.2% year-on-year (YoY) increase in net profit at Rs 2.3 bn for the July-September quarter.

The company reported a net profit of Rs 2 bn in the same period a year ago.

The hospital operator reported better-than-expected revenue at Rs 48.5 bn, reflecting a 14%t YoY rise. The company had a revenue of Rs 42.5 bn in the same quarter previous year.

EBITDA (Earnings before interest, taxes, depreciation and amortization) was reported to be Rs 6.3 bn in the quarter against Rs 5.6 bn in the same period last year.

EBITDA margin for the July- September quarter was reported to be 12.9% as against 13.3% for the same period a year ago.

As on 30 September 2023, Apollo Hospitals had 7,765 operating beds across the network (excluding AHLL & managed beds), out of which 5,051 is occupied beds. The overall occupancy for hospitals was at 68% against 62% in the trailing quarter, aided by a robust increase in patient flows across hospitals. The Board approved a capex of Rs 34.4 bn for the company.

Diagnostics and Retail Healthcare wing Apollo Health and Lifestyle Limited reported gross revenue at Rs 3.5 bn; up 11% YoY.

Digital Healthcare and Omni-channel Pharmacy platform Apollo HealthCo houses the Pharmacy distribution business, the digital healthcare services platform - Apollo247 and a 25.5% interest in Apollo Pharmacies.

For more, check out The 5 Most Overvalued Stocks in India. Will these Stocks Crash in 2024?

Why Vodafone Idea Share Price Is Rising

Moving on to news from the telecom sector, shares of Vodafone Idea rose 2.5% in the early trade on 9 November after the Bombay High Court directed the income-tax department to refund Rs 11.3 bn paid by the telecom operator in dues in 2016-17.

The court deemed the assessment order against the telecom major as unsustainable and time-barred. This is in relation to an assessment order passed to by an income tax officer on 31 August to Vodafone Idea, two years after a dispute resolution panel issued directions to the telecom major.

Vodafone Idea contested the order, saying the assessing officer failed to deliver a final verdict within the stipulated 30-day period.

To know what is the right way to trade Vodafone Idea. Check out Vodafone Idea - Can Idea Change Your Life?

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers