Today’s Stock Market Round-Up: 08/11/2023

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by mydhanush on 8 November 2023,  3 min read

Stock Market Updates: IREDA, Infosys, Hindalco, YES Bank in Focus
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Summary: Except, IT and bank, all other indices ended in the green with realty, oil & gas, healthcare and capital goods up 1 percent each, while auto, FMCG and metal up 0.5 percent each.

 

Benchmark indices on November 8 ended on a flat note amid volatility. At close, the Sensex was up 33.21 points or 0.05 percent at 64,975.61, and the Nifty added 36.80 points or 0.19 percent at 19,443.50. About 1769 shares advanced, 1454 shares declined, and 97 shares unchanged.

Among sectors, except, IT and bank (down marginally), all other indices ended in the green with realty, oil & gas, healthcare and capital goods up 1 percent each, while auto, FMCG and metal up 0.5 percent each.

The BSE Midcap and Smallcap indices rose 0.8 percent and 0.9 percent respectively.

Top Nifty gainers included BPCL, Adani Ports, Cipla, Asian Paints and Titan Company, while the losers were ICICI Bank, NTPC, Tech Mahindra, Infosys and Tata Consumer Products.

Most active stocks in terms of volumes included HDFC Bank (1,38,56,549) followed by BPCL (86,19,978), ICICI Bank (80,66,174), HDFC Bank (74,29,210) and ONGC (65,21,152).

 

Top midcap gainers

HPCL (7.18%), Alkem Labs (5.33%), Cummins India (4.41%), Aurobindo Pharma (3.71%), Ashok Leyland (2.99%)

 

Top midcap losers

Bharat Forge (1.88%), Vodafone Idea (1.81%), LIC Housing Finance (1.71%), Indraprastha Gas (1.25%)

 

Top smallcap gainers 

Agnel One (5.62%), CESC (4.49%), PPL Pharma (4.33%), Glenmark Pharma (3.87%), Chambal Fertilizers (3.36%)

 

Top smallcap losers

CIE India (1.5%), Shree Renuka Sugars (1.25%), UCO Bank (0.8%), Mahanagar Gas (0.73%), Exide Industries (0.6%) 

 

ASK Automotive IPO updates:

ASK Automotive’s IPO has been subscribed 1.15 times so far on day 2, receiving bids for 2.37 crore shares against the issue size of 2.07 crore shares. Retail investors bought 1.53 times, non-institutional investors picked 1.7 times and qualified institutional investors bid 0.06 times the allotted quota.

 

Protean eGov Tech IPO updates:

The Protean eGov Technologies IPO was subscribed 23.64 times (15;51 hours) on the last day of bidding on November 8, as investors have bought 10.35 crore equity shares against an offer size of 43.78 lakh shares.

Large support to the public issue was seen from high net-worth individuals who bid 31.5 times while retail investors bid 8.53 times their allotted shares. The part set aside for employees has also been fully subscribed, at 1.43 times.

 

Asian Markets

Most Asian markets closed in the red with Kospi down 0.92 percent followed by Hang Seng which slipped 0.5 percent. Japan’s Nikkei shed 0.33 percent.

 

European markets

European markets as of 16:00 hours were trading on a weak note with FTSE down 0.14 percent while CAC and DAX slipped 0.2 percent and 0.39 percent respectively.

 

Oil sputters near three-month lows as demand concerns mount

Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the United States and China, according to a Reuters report.

Brent crude futures dipped 8 cents to $81.53 a barrel by 0914 GMT while US crude lost 20 cents to $77.17. Both had dropped on Tuesday to their lowest since July 24.

 

Disclaimer:

The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk.

Please consult with a financial advisor before making any investment decisions.

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