Sensex Today Ends 140 Points Lower | Rajesh Exports Cracks 6%, Balkrishna Industries 5%| M&M, Adani Enterprises Top Losers

Mon, 20 Nov Closing

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After opening the day on a negative note, Indian share markets displayed volatility as the session progressed but ended lower.

Equity benchmark indices ended lower weighed by losses in banking and financial stocks as investors assessed the impact of the central bank's tighter rules for personal loans on lenders.

At the closing bell, the BSE Sensex stood down by 140 points (down 0.2%).

Meanwhile, the NSE Nifty closed lower by 38 points (down 0.2%).

Coal India, and Wipro were among the top gainers today.

M&M and Adani Enterprises on the other hand, were among the top losers today.

The GIFT Nifty was trading at 19,748, down by 71 points, at the time of writing.

Broader markets ended on positive note. The BSE MidCap index ended flat and the BSE SmallCap index ended 0.4% higher.

Sectoral indices ended mixed with stocks in the IT sector and telecom sector witnessing buying. Meanwhile stocks in the auto sector and FMCG sector witnessed selling pressure.

Shares of Coforge, JK Cement and CAMS 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 0.4% higher, while the Nikkei index ended 0.6% higher. Meanwhile Hang Seng ended 1.8% higher.

The rupee is trading at 83.34 against the US$.

Gold prices for the latest contract on MCX are trading 0.1% lower at Rs 60,662 per 10 grams.

Meanwhile, silver prices are trading 0.5% lower at Rs 72,785 per 1 kg.

Speaking of stock markets, Co-head of Research at Equitymaster Rahul Shah talks about taking more exposure to stocks right now or waiting for the markets to correct, in his latest video.

Tune in for more.

NMDC's Tailored Product Investments

In news from the mining sector, India's largest iron ore producer National Mineral Development Corporation (NMDC), shifts its focus to different classes of customers and tweaks its offerings based on their needs.

The Navratna PSU has signed up McKinsey & Company and Deloitte to study the market and customer requirements for the next five years and come up with a marketing policy over the next few months.

The company has enlisted the services of consultants, and within the next three to six months, there will be a clear understanding of the necessary investments to develop customised products tailored for distinct customer segments, moving away from a one-size-fits-all approach.

The 65-year-old company, under the administrative control of the Ministry of Steel, has been involved in the exploration of a wide range of minerals, including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands.

Going forward, the company plans to increase the production capacity of its three mining facilities from 46 MTPA to 67 MTPA to meet the increasing demand of the nation's steel industry by 2025.

NMDC stands tall among the top five Indian companies poised to benefit from the rare mineral race. For more details, check out the top 5 Indian companies to watch out for in the rare mineral race.

Nifty Pharma's Record Surge

Moving on to news from the pharma sector, the Nifty Pharma index scaled a new all-time high, trading in the green in 14 out of 17 sessions, backed by strong earnings for the September quarter.

Since 26 October till date, the index has risen nearly 9% while the benchmark Sensex and Nifty gained 4.5% each.

In the second quarter of FY24, the pharma stocks saw strong revenue growth of 14.3% over the last year and 1.7% over the previous quarter.

This was due to increased sales volume, new product launches like gRevlimid, gSpiriva, gPrezista, and more stable pricing in the US market. Profit margins improved by 2.1% year-over-year and 0.5% quarter-over-quarter, benefiting from reduced cost inflation and steadier prices.

The US market experienced robust sales of new products and heightened demand for reliable suppliers amid drug shortages. Price erosion in the US is stabilising, partly due to ongoing drug shortages.

This can be attributed to the improved performance of branded generic exporters in regulated markets, notably the US, boosting stocks like Sun Pharma, Dr Reddy's Lab, Lupin, and Zydus.

During market volatility, the defensive nature of the healthcare sector tends to draw buying interest. Additionally, certain pharma stocks offer more favourable valuations.

For more, check out the Nifty Pharma heatmap showing the gainers and losers.

Why Blue Dart Share Price is Falling

Moving on to news from the courier services sector, shares of Blue Dart slipped into the red after gaining over 1% intraday on 20 November. The logistics company has partnered with India Post to offer customers digital parcel lockers at select post offices.

Recipients can retrieve Blue Dart shipments from digital parcel lockers by using an assigned code to open the locker at various post offices. The deliveries can be collected at any time, and only authorised personnel can access the packages.

Blue Dart has teamed up with Podrones, a last-mile technology and parcel locker company, to power this initiative.

Promoter DHL Express (Singapore) maintained a consistent holding of 75%, while FIIs and DIIs held 4.7% and 11.8% as of the September quarter.

It's the South Asia's leading courier and integrated air express package distribution company.

Blue Dart offers domestic priority day-definite and time-definite services for critical shipments such as passports, certificates, and other important documents.

Blue dart stands among midcap stocks with consistently rising profit margins.

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!

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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

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Indian Share Market Update: Top Gainers and Losers