Sensex Today Trades Lower | RBL Bank Tanks 7% | L&T, Axis Bank Top Losers

Mon, 20 Nov 10:30 am

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Asian shares are trading mixed as strong earnings and offshore demand fuelled a three-week winning streak.

The Nikkei is trading flat while the Hang Seng index jumped 0.8%. The Shanghai Composite is trading 0.2% lower.

US stocks edged up slightly on Friday as investors digested recent gains while remarks from Federal Reserve officials clouded the outlook about when the US central bank might start cutting interest rates.

Here's a table showing how US stocks performed on Friday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	136.94	-1.76	-1.27%	138	135.48	142.38	85.57
Apple	189.69	-0.02	-0.01%	190.38	188.57	198.23	124.17
Meta	335.04	0.85	0.25%	335.5	329.35	338.4	108.32
Tesla	234.3	0.71	0.30%	237.39	226.54	299.29	101.81
Netflix	465.91	-1.04	-0.22%	467.65	462.76	485	273.41
Amazon	145.18	2.35	1.65%	145.23	142.54	147.29	81.43
Microsoft	369.84	-6.33	-1.68%	374.37	367	376.35	219.35
Dow Jones	34947.28	1.81	0.01%	35028.22	34882.82	35679.13	31429.82
Nasdaq	15837.99	4.82	0.03%	15876.87	15766.94	15932.05	10671.19

Source: Equitymaster

Back home, Indian share markets are trading on a negative note.

At present, the BSE Sensex is trading lower by 80 points. Meanwhile, the NSE Nifty is trading down by 13 points.

Coal India and HCL Tech are among the top gainers today.

L&T and Axis Bank on the other hand are among the top losers today.

Broader markets are trading on positive note. The BSE Mid Cap index is trading 0.2% higher and the BSE Small Cap index is trading 0.5% higher.

Sectoral indices are trading mixed with stocks in realty sector and media goods sector witness buying. Meanwhile, stocks in banking and auto sector is witnessing selling pressure.

Shares of KSB and CAMS India hit their 52-week high today.

The rupee is trading at Rs 83.3 against the US dollar.

In commodity markets, gold prices are trading marginally higher at Rs 60,740 per 10 grams today.

Meanwhile, silver prices are trading marginally higher at Rs 73,174 per 1 kg.

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...

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.

RITES Clinches US$ 37 Million Tender

RITES, a transport infrastructure consultancy and engineering firm, on 17 November 2023, secured a tender for 10 diesel-electric locomotives from CFM Mozambique, while it did not win the bid for 300 high-side wagons.

Rail India Technical and Economic Service (RITES) also announced that it was the lowest bidder in two tenders from CFM Mozambique, but it secured the tender for 10 diesel-electric locomotives, valued at US$ 37,680,080, while the tender for 300 high-side wagons went to a different bidder.

According to RITES, CFM Mozambique has completed the scrutiny/evaluation process and conveyed the outcomes in a letter dated 13 November 2023.

The company is a leading player in India's transport consultancy and engineering sector. The company offers consulting for railways, airports, highways, and ports in India and abroad.

For more, check out the Top 5 Rail Stocks that Could Be a Hot Investment.

Exide Industries' Trademark Win

Battery maker Exide Industries on Friday settled a long-standing trademark dispute on the use of the 'CHLORIDE' mark in India.

The High Court of Delhi passed a decree, officially recording the terms of a Settlement Agreement reached among the involved parties - Exide Industries Ltd, Vertiv Company Group Ltd UK, and Vertiv Energy Pvt Ltd India.

According to the settlement agreement, Vertiv Company Group UK and Vertiv Energy Pvt India have conceded and acknowledged that the trademark CHLORIDE and its variants in India rightfully belong to Exide Industries.

Notably, the agreement explicitly prohibits Vertiv from using the CHLORIDE mark in India, directly and indirectly. Moreover, they are obligated to withdraw all claims over the mark in favour of Exide.

The resolution reinforces Exide's rights to the CHLORIDE mark in India, particularly for its electronic products, such as uninterruptible power supply (UPS), where the company had secured an ex-parte injunction from the Delhi High Court in its favour during the litigation period.

Exide Industries is gearing up for a major EV battery push with its lithium-ion cell venture. For more details, check out How Exide Industries is Powering the Future of India's EV Battery Megatrend.

Cipla Faces USFDA Warning

Pharma major Cipla has received a warning letter from the United States

Food and Drug Administration (US FDA) for the routine current Good Manufacturing Practices (cGMP) inspection conducted at its Pithampur manufacturing facility on 6 February 2023.

This warning letter summarises contraventions regarding methods or controls followed at the facility which do not conform to the prescribed cGMP regulations and contains directional guidance for necessary corrections.

The plant was issued eight observations by the US drug regulator for the inspection carried out earlier this year. In August, the facility was classified as Official Action Indicated (OAI).

The company will respond to the Warning Letter within the stipulated timelines and work closely with the US FDA to address the concerns in a holistic and timely manner to ensure sustained compliance, the company informed the exchanges.

Earlier, the management had said that the US FDA observations at Cipla's plants in Pithampur and Goa were delaying the launch of products by almost six months in its Q2 press meet.

The management had then said that the biggest product manufactured at the Pithampur facility was Advair and that they were in the process of shifting its manufacturing to Hauppauge in Long Island.

Pharmaceutical giant Cipla is reportedly exploring a stake sale, and contenders are cropping up in an intense competition. For more, check out Cipla Promoter Stake Sale: Billions of Dollars in Play.

It is among the Top 5 Nifty 50 Stocks that Beat Earnings Estimates by a Wide Margin in Q1.

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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