Markets will remain closed on 20^th November, 2024 on account of Assembly Elections in Maharashtra.

Sensex Today Falls 241 Points | Nifty Ends Near 23,450 | TCS & Infosys Slip 3%

Mon, 18 Nov Closing

   Previous Close   

   Pre-Open   

   10:30 am   

On Monday, Indian share markets traded on a negative note throughout the trading session and ended marginally lower.

Benchmark indices slipped, driven by concerns over slowing earnings growth and foreign outflows.

Additionally, comments from the Federal Reserve Chair suggesting a more gradual pace of interest rate cuts further dampened market sentiment.

IT stocks were the worst hit while steel stocks gained.

At the closing bell, the BSE Sensex stood lower by 241 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 79 points (down 0.3%).

Tata Steel, HUL and M&M were among the top gainers today.

TCS, Infosys and NTPC, on the other hand, were among the top losers today.

The BSE MidCap index and the BSE SmallCap index ended lower by 0.2% and 0.7%, respectively.

Shares of Sasken Tech, Banco Products, and Knowledge Marine hit their respective 52-week highs today.

Shares of defence PSU major Hindustan Aeronautics (HAL) zoomed 4% today after the company reported a consolidated net profit of Rs 15.1 bn for the quarter ended September 2024.

Speaking of stock markets, Co-head of Research at Equitymaster Rahul Shah shares a practical guide for building a momentum portfolio, in his latest video.

If you're tired of chasing undervalued stocks, discover the power of momentum investing!

Learn how to identify and capitalize on market trends to boost your portfolio's performance.

Hindalco to Benefit from Tax Rebate

In news from the metal sector, Hindalco Industries is hoping to benefit from China's move to cancel tax rebates on exports of aluminum and copper, the company's Managing Director Satish Pai has said.

The company expects cheap imports from China to fall, easing pressure on domestic producers.

According to reports, aluminium makers in the South Asian nation have been hit by increased purchases of foil from China, pushing India's trade ministry to propose anti-dumping duties on imports that have captured 30% of the local market.

Amid this development, Hindalco shares surged over 5% on Monday, 18 Nov. 24.

The company's MD also said that Hindalco was in the process of investing US$4 billion to US$5 billion to boost capacity in aluminum and copper, riding on India's robust demand for metals from industries like packaging, construction and electricity.

That apart, the new Trump administration will also be beneficial for Hindalco's US unit Novelis Inc., the world's largest recycler of aluminum, as it produces metal in the US.

In October 2024, we wrote about how Hindalco could benefit from the potential revival of Chinese economy.

Going ahead, Hindalco is focused on downstream expansions in India, with an emphasis on increasing contributions from value-added products.

This strategy aims to enhance profitability and protect the company from fluctuations in aluminium prices.

Further, it expects to sustain its positive momentum in the copper business, driven by increasing volumes, robust demand, and improved TC/RC (Treatment Charge/Refining Charge) margins.

For more information, you can check out Hindalco's financial factsheet and the quarterly results.

SBI to Open 500 New Branches

In latest developments from the banking sector, state owned banking PSU, State Bank of India (SBI) will open 500 new branches in the financial year 2025, Union Finance Minister Nirmala Sitharaman said on Monday.

Speaking at the centenary celebration of SBI Mumbai main branch building, Finance Minister Sitharaman applauded the impressive growth of the banking PSU, and its contribution to the banking ecosystem.

Highlighting the role of SBI over the last ten years, Sitharaman said that the bank has played a significant role in reaching and serving people even in the remote areas of the country.

Despite the bank's troubled background, the bank's financial situation has improved over the years.

Its net profit has doubled over the last five years. This has propelled the lender's RoE to 20.3% in the financial year 2024. The bank's asset quality has also kept up with that of the other PSU banks.

Going forward, the management remains optimistic about maintaining NIMs and overall profitability despite macroeconomic pressures.

It is confident of growth going forward led by the government's capital outlay plans and an uptick in the credit demand across the country.

The bank is also focussing on enhancing liability franchise and deposit mobilisation through various initiatives.

It is opening approximately 60,000 savings bank accounts daily, with significant contributions from digital channels and enhancing deposit interest rates selectively to maintain franchise value and attract deposits.

For more details, see the SBI fact sheet and quarterly results.

And 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