Sensex Today Trades Lower | Nifty Below 24,100 | Aegis Logistics Drags 6%, BASF India 5%

Mon, 2 Dec 10:30 am

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Equities rose across Asia on Monday following another record day on Wall Street, with traders also cheered by data suggesting China's economic malaise is showing signs of easing.

Hong Kong and Shanghai were among the best performers after data showed Chinese manufacturing activity expanded at a faster clip than expected in November.

US equities joined a global rally on Friday, looking set to crown November with Wall Street's biggest monthly gain in a year on post-election growth hopes.

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	170.49	-0.33	-0.19%	170.87	168.75	193.30	129.40
Apple	237.33	2.40	1.02%	237.81	233.97	237.81	164.08
Meta	574.32	5.12	0.90%	578.46	566.90	602.95	313.66
Tesla	345.16	12.27	3.69%	345.45	334.65	361.92	138.80
Netflix	886.81	9.47	1.08%	892.41	876.68	908.00	445.73
Amazon	207.89	2.15	1.05%	208.20	204.59	215.90	142.81
Microsoft	423.46	0.47	0.11%	424.88	417.80	468.35	362.90
Dow Jones	44910.65	188.59	0.42%	45071.29	44760.05	45071.29	35592.22
Nasdaq	20930.37	185.88	0.90%	20956.31	20751.97	21182.03	15695.58

Source: Equitymaster

At present, the BSE Sensex is trading 347 points lower and NSE Nifty is trading 75 points lower.

Maruti Suzuki, Grasim Industries and Bajaj Auto among the top gainers today.

HDFC Life Insurance, ONGC and HDFC Bank other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE Midcap index and the BSE Smallcap index are trading flat.

Sectoral indices are trading mixed today with stocks in power sector and realty sector witnessing most buying.

Meanwhile stocks in media sector, banking sector and IT sector witnessing selling pressure.

The rupee is trading at Rs 84.62 against the US dollar.

In commodity markets, gold prices are trading 0.9% lower at Rs 76,380 per 10 grams 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...

Speaking of stock markets, Asian Paints, once a market favorite, now faces uncertainty as it lags behind the broader market.

With growing competition and declining profitability, concerns about its future prospects are rising.

Rahul Shah, Research Analyst at Equitymaster, examines its valuation, performance, and potential growth factors.

MoD Inks Contract with Cochin Shipyard

The Ministry of Defence (MoD) signed a contract with Cochin Shipyard Limited (CSL) on Saturday (30 November) for repairing, maintaining and upgrading INS Vikramaditya, with that aircraft carrier having completed more than a decade of operational service.

INS Vikramaditya is a 45,000-tonne aircraft carrier, built in Russia as the Admiral Gorshkov and commissioned into the Indian Navy in November 2013.

After completing the current refit, INS Vikramaditya will rejoin the naval fleet with its combat capability upgraded.

Aircraft carriers, with their multiple systems and massive mechanical inventories are required to adhere to a strict maintenance schedule. Every year, the Vikramaditya undergoes an "assisted maintenance period" (AMP), in which a regimen of repair and maintenance tasks are carried out to ensure that the carrier remains seaworthy.

Every five years, each capital warship undergoes "short refit", a 6-8 month maintenance refit that can be carried out in whichever naval base the warship happens to be.

In addition, about once a decade, each aircraft carrier undergoes a "medium refit" that takes it into the dry dock for 15-18 months.

That is why the navy argues for three aircraft carriers in its fleet: One of them undergoing refit and the other two deployed, one each in the eastern and western coasts.

Adani Green Eyes Revival

Adani Green Energy Ltd. will consider resurrecting its scrapped dollar bond between April and June, Group Chief Financial Officer Jugeshinder Singh said, in a show of the conglomerate's resilience despite the US probe against founder Gautam Adani.

Meanwhile, Bangladesh High Court last week ordered a committee of experts to examine the contract under which Adani supplies power from a US$ 2 billion coal-fired plant in eastern India.

The investigation is expected to be concluded by February when the court is due to make its order.

In 2017, a deal was signed by Adani and a Bangladesh government entity under Prime Minister Sheikh Hasina to supply 1,600 megawatts power from Jharkhand-based plant.

Auto Sales November 2024

The Indian auto industry showcased mixed performance in November 2024, with some segments delivering robust growth while others faced challenges. Passenger vehicle sales maintained their momentum, driven by SUVs and electric vehicles, while commercial vehicles and tractors struggled with subdued demand.

Hyundai Motor India: Hyundai Motor India Limited (HMIL) achieved total sales of 61,252 units in November 2024, comprising 48,246 domestic sales and 13,006 exports.

Escorts Kubota: Escorts Kubota faced a decline in November 2024, with total sales falling 9.4% year-on-year, totaling 8,974 units. The company sold 8,730 tractors domestically, marking an 8.1% drop from the previous year.

Tata Motors: Tata Motors reported stable performance with total sales of 74,753 units. This marked a slight 0.8% YoY increase from 74,172 units in November 2023. Domestic sales grew 1% YoY to 73,246 units.

TVS Motor: TVS Motor had a strong month, reporting total sales of 4.01 lakh units, surpassing market estimates of 3.87 lakh units. This represented a 10.2% YoY increase from 3.64 lakh units in November 2023.

USFDA Approves Biocon Biologics

Biocon's arm, Biocon Biologics Ltd (BBL), announced today that the US Food and Drug Administration (USFDA) has approved YESINTEK (Ustekinumab-kfce), a biosimilar to the reference product Stelara (Ustekinumab).

YESINTEK, a monoclonal antibody, is approved for the treatment of Crohn's disease, ulcerative colitis, plaque psoriasis, and psoriatic arthritis.

Biocon Biologics had previously notified the stock exchange in February 2024 that the company had entered into a settlement and licensing agreement with Janssen Biotech, Janssen Sciences Ireland, and Johnson & Johnson (collectively known as Janssen) to commercialise YESINTEK in the United States no later than February 2025, upon approval from the USFDA.

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!

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

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