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Share Market Today: Sensex, Nifty Close Lower; FPIs Stay Net Buyers

The Sensex fell 0.7% to 60,613.70, while the Nifty 50 closed 0.66% lower at 18,036.45.

<div class="paragraphs"><p>(Source: Envato)</p></div>
(Source: Envato)
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Foreign Investors Net Buyers

Overseas investors remained net buyers for the tenth day in a row on Thursday.

As per data from the National Stock Exchange, foreign portfolio investors net bought equities worth Rs 36.06 crore.

Similarly, Domestic institutional investors remained net sellers and sold equities worth Rs 967.13 crore.

Institutions have net bought Rs 800.41 crore worth of equities so far in November and net sold Rs 29,425.81 crore worth of Indian equities till date in 2022.

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10-Year Bond Yield Declines

Yield on the 10-year bond fell 4bps to close at 7.35%. It opened at 7.37%.

Source: Bloomberg


Indian Rupee Falls Against U.S. Dollar For First Time In Three Days

The Indian rupee depreciated against the U.S. dollar on Thursday, snapping a three-day strengthening streak.

The local currency opened at 81.64, and fell as much as 0.60% to 81.92 intraday during the day. It closed 0.46% lower at 81.80.

The rupee had hit a record low of 83.29 on Oct. 20.

Source: Bloomberg

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Closing Bell

Indian stock benchmarks ended lower on Thursday dragged by auto, consumer durables and consumer discretionary stocks.

The Sensex fell 0.7% to 60,613.70, while the Nifty 50 closed 0.66% lower at 18,036.45.

Today 11 of Nifty 50 stocks rose while 39 fell. Hero MotoCorp, HDFC Bank, Kotak Mahindra Bank, ONGC and Bharti Airtel were the top gainers on Nifty 50.

Tata Motors, Axis Bank, Mahindra & Mahindra, Bajaj Finserv and Titan Company were the top losers.

The broader indices underperformed their larger peers with MidCap and SmallCap falling over 1.02% and 1.05% respectively.

All of 19 the sectoral measures complied of BSE declined with BSE Auto losing over 2%.

The market breadth is skewed in the favour of bears. About 1,263 stocks rose, 2,201 fell and 128 remained unchanged.


Samvardhana Motherson Gains On Q2 Earnings

Samvardhana Motherson gained 5.05% intraday after the company posted better than expects Q2 revenue.

Samvardhana Motherson (Consolidated, YoY)

  • Revenue at Rs 18,260.7 crore vs Rs 14,076.4 crore (Bloomberg estimate: Rs 17,088 crore)

  • Ebitda at Rs 1,403.9 crore vs Rs 943.75 crore.

  • Profit at Rs 246.4 crore vs Rs 216.8 crore (Bloomberg estimate: Rs 300 crore)

Source: Bloomberg, Exchange filing

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