The Sensex and Nifty 50 closed higher on Tuesday, November 11, bolstered by positive global indicators. The Sensex increased by 336 points, representing a 0.40% rise, closing at Rs 83,871.32. Meanwhile, the Nifty 50 rose by 121 points, or 0.47%, finishing at Rs 25,694.95. The BSE Midcap index rose by 0.20%, whereas the Smallcap index saw a decrease of 0.09%. “Markets experienced volatility during the weekly expiry day but ultimately closed higher, building on Monday’s recovery.” The Nifty saw an initial rise but then fell back in the early hours. Nevertheless, robust buying in heavyweight stocks during the latter half propelled the index to close near the day’s high at Rs 25,694.95. The market showed a varied sectoral performance, with IT, auto, and metal stocks demonstrating strength, while financials, real estate, and pharmaceuticals fell short. The mid-cap index in the broader market increased by more than half a percent, while the small-cap index experienced a slight decline, indicating selective participation among investors.
The initial decline was primarily driven by cautious global indicators and continued selling by foreign institutional investors. Renewed buying interest in index heavyweights contributed to market recovery, bolstered by optimism stemming from Goldman Sachs’ recent upgrade of India’s rating outlook. Furthermore, short-covering during the weekly expiry contributed to the momentum observed in the latter part of the session, according to Ajit Mishra, SVP, Research, Religare Broking Ltd.
Companies are set to announce their second quarter results today : Tata Steel, Hindustan Aeronautics, IRCTC, Cochin Shipyard, Ashok Leyland, and Honasa Consumer are expected to draw interest.
Stocks to monitor today :
- Tata Motors is set to debut on the BSE and NSE today after finalizing its scheme of arrangement.
- RVNL reported a 19.7% year-on-year decrease in net profit, amounting to Rs 230.3 crore for the September quarter, even as revenue rose by 5.5% to Rs 5,123 crore.
- Tata Power reported a Q2 net profit decrease of 0.7% year-on-year, totaling Rs 919.4 crore, alongside a revenue decline of 1% to Rs 15,544 crore.
- Torrent Power reported a 50.5% year-on-year increase in Q2 net profit, reaching Rs 723.7 crore, driven by elevated merchant power and LNG sales.
- BSE reported a 61% increase in consolidated net profit for Q2, amounting to Rs 558 crore, up from Rs 347 crore in the corresponding quarter of the previous year.
- Bharat Forge’s board has approved a plan to raise up to Rs 2,000 crore through various instruments, including term loans, non-convertible debentures, and other debt securities.
- Cipla made progress in the market, obtaining contracts for the supply of bulk generic medicines, notably Dapagliflozin, a commonly prescribed medication for diabetes management, priced at Rs.
- EIH reported a 12.4% year-on-year decrease in net profit for Q2, amounting to Rs 113.7 crore, despite a 1.5% increase in revenue to Rs 597.9 crore.
- Godrej Industries reported a net profit decrease of 15.8% year-on-year for Q2, totaling Rs 242.4 crore, despite a revenue increase of 4.7% to Rs 5,032 crore.
- Max Financial Services reported a decrease in total income to Rs 9,799 crore for the July-September quarter of this fiscal year, down from Rs 13,375 crore in the same period last year, according to a regulatory filing.
- Biocon reported a consolidated net profit of Rs 85 crore for the second quarter ending September 30. The firm based in Bengaluru reported a net loss of Rs 16 crore for the July-September quarter of the previous fiscal year. Biocon Ltd reported a revenue from operations of Rs 4,296 crore in the second quarter, up from Rs 3,590 crore in the same period last year. The company announced that its board has authorized the raising of up to Rs 550 crore through the issuance of commercial papers in one or more tranches via private placement.
- Fortis Healthcare achieved a consolidated net profit of Rs 328 crore for the September quarter, reflecting an 86% year-on-year growth. The healthcare sector recorded a net profit of Rs176 crore for the July-September quarter of the prior fiscal year. Fortis Healthcare reported that revenue from operations increased to Rs2,331 crore for the quarter, up from Rs1,988 crore in the same period last year, according to a regulatory filing.
- RITES reported a 32.24% rise in consolidated profit to Rs 109 crore for the September quarter, attributed to growth in consultancy and export segments, according to the leading transport infrastructure consultancy and engineering firm. The company reported a consolidated net profit of Rs82.50 crore for the same period last year, according to a regulatory filing. The company reported an unprecedented order book totaling Rs 9,090 crore, alongside the acquisition of over 150 new orders valued at more than Rs 850 crore for the quarter in question.
- Kolte-Patil Developers disclosed a consolidated net loss of Rs 11.14 crore for the September quarter, alongside the resignation of Group CEO Atul Bohra. The net profit was recorded at Rs10.34 crore in the corresponding period last year. Total income decreased by 50% to Rs161.75 crore in Q2 of this fiscal year, compared to Rs320.96 crore in the same period last year, as per a regulatory filing.
- Welspun Enterprises shares are anticipated to attract attention on Wednesday, November 12, at Rs. The company reported a 59% increase in consolidated net profit, reaching Rs 98.08 crore for the September quarter of FY26 (Q2 FY26), driven by lower expenses. Additionally, the company plans to raise Rs 1,000 crore to support growth initiatives.