Closing Bell: Sensex, Nifty recover from day's lows to end flat; metals outperform

Indian equity indices ended on a flat note in the volatile session on November 7. At close, the Sensex was down 94.73 points or 0.11 percent at 83,216.28, and the Nifty was down 17.40 points or 0.07 percent at 25,492.30.

We wrap up today's edition of the Moneycontrol live market blog, and will be back Monday morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Lately, Nifty has been trading below the 50EMA, indicating near-term weakness. Looking at the broader backdrop, the index has been declining since forming a double top around 26,100 on the hourly timeframe. Recently, the index slipped below a critical moving average, setting a deeper bearish tone.

The crucial resistance is placed at 25,600; as long as it remains below this level, sentiment may continue to favor a sell-on-rise strategy. On the lower end, support is placed at 25,400, and a fall below this level might further boost the bears’ morale.

Markets traded volatile on Friday and ended nearly flat, offering a much-needed breather after the recent decline. After a soft start, the Nifty index witnessed a gradual recovery through the session and eventually settled at 25,492.30 mark. On the sectoral front, metals, banking, and financials rebounded strongly, while IT and FMCG remained subdued. The broader market showed a mixed trend, with the midcap index gaining over half a percent while the smallcap index closed marginally lower.

The recent phase reflects a cautious stance among participants amid persistent global headwinds and the absence of any major domestic triggers. Sectoral pressure was further accentuated by a few soft earnings, which also led to profit-taking in some of the recently outperforming sectors.

Technically, the Nifty managed to hold its trendline support on the daily chart after retracing nearly half of the previous rally. Stability above the 25,600 level could help rebuild trader confidence and pave the way for a move towards the 25,800–26,000 zone. On the downside, 25,300 will continue to act as key support in case of any further dip.

Meanwhile, we maintain our view to focus on sectors and themes showing consistent strength and use corrections to gradually accumulate quality names. Additionally, holding a few short positions in weaker stocks as a hedge against long trades remains a prudent strategy.

Today, the Indian stock market ended largely flat after a volatile session, with the Sensex closing marginally lower by around 95 points and the Nifty hovering just below the 25,500 level. The flat closing was mainly due to mixed investor sentiment amid ongoing FII selling, coupled with cautious DII support that limited the downside.

Weak global cues, especially from softened technology and AI stocks in US markets, also contributed to subdued trading activity. Additionally, profit booking pressure persisted, particularly in sectors like financials and real estate, while metals outperformed and provided some stability to the benchmarks.

Among sectoral trends, metals outperformed and were one of the few bright spots on the day, benefiting from stable global commodity prices and easing supply concerns. However, financials, real estate, and media stocks faced broad-based selling pressure, dragging the indices lower. Specific corporate results also influenced stock prices with Lumax Industries reporting a 25.8% YoY net profit increase but the share price falling due to negative operating leverage. SEBI’s announcement about plans to review short-selling and stock lending/borrowing mechanism added to market caution. The market also reacted nervously to easing crude oil prices near $63.5 per barrel, which somewhat tempered inflation worries but kept the energy sector subdued.

Going forward, we are expected to remain cautious, focusing on key upcoming US economic data, especially ISM PMI reports, which will influence global risk sentiment and fund flows into India. Domestic factors such as RBI’s policy stance and Q2 earnings from major corporates will also guide market direction.

On Friday, the benchmark index Nifty 50 opened on a weak note with a gap-down start but found support near its 50-day EMA. The index swiftly recovered intraday lows, filling the morning gap, but was unable to sustain momentum at higher levels and eventually settled near the 25500 mark, down 0.07% for the session.

On the daily chart, Nifty formed a high-wave candle with long wicks on both ends, indicating heightened intraday volatility. This pattern suggests that sellers remained active at higher levels, while buyers provided strong support at lower zones, helping the index stage a sharp 225-point recovery from the day’s low. The price action reflects a tug-of-war between bulls and bears, with buyers attempting to regain control after recent weakness.

On the sectoral front, performance was largely mixed, highlighting selective buying interest from lower levels. Nifty Metal, Nifty Financial Services, Nifty PSU Bank, and Nifty Auto were the top performing sectors, showing rotational buying momentum. In contrast, Nifty IT and Nifty FMCG were laggards, witnessing mild profit booking.

The broader market displayed mixed sentiment, with Nifty Midcap 100 outperforming and closing 0.63% higher, while Nifty Smallcap 100 slipped 0.16%. Market breadth remained balanced out of the Nifty 500 universe, around 244 stocks closed in the green, while nearly 251 ended in the red, reflecting a neutral undertone.

Nifty View

Going ahead, the 50-day EMA zone of 25330–25300 will act as immediate support for the index. A decisive break below 25300 may trigger further weakness toward 25150. On the upside, the 25600–25620 zone will act as a crucial resistance, and only a sustained move above this band could reignite upward momentum.

Bank Nifty View

For the banking index, the 20-day EMA zone of 57400–57300 will serve as immediate support. A breach below 57300 could extend the decline toward 56800. Conversely, the 58200–58300 zone remains a key resistance, and a sustained breakout above 58300 may open the path toward 58700 in the near term.

The Indian Rupee witnessed depreciation against the US Dollar today, reversing part of its gains from the preceding two sessions. Market sentiment was risk-averse, which generally pressured the rupee. However, the currency’s decline was moderated by state-run banks dollar selling. Furthermore, the rupee received a lift from the Reserve Bank of India (RBI) Governor's comments on the resilience of India's foreign exchange reserves and the outlook for strong capital inflows, which helped the currency recover a portion of its earlier losses.

The near-term trading range for spot USD/INR is pegged between support at 88.40 and resistance at 88.85.

Market falls for second straight week, records biggest weekly fall in over 1 month

Sensex & Nifty fall 1% each while Midcap & Nifty Bank remain unchanged

38 Nifty stocks give negative returns, Hindalco, Grasim, Power Grid top losers

Equity benchmarks ended a volatile session on a muted note on November 7, recovering sharply from early losses. The Sensex slipped 95 points to close at 83,216, while the Nifty settled 17 points lower at 25,492. Markets saw strong intra-day recovery driven by buying in financial and metal stocks, even as FMCG, consumer durables, and telecom names weighed on sentiment.

Among sectors, the metal index gained 1.4%, while IT and FMCG shed about 0.5% each. Broader markets outperformed, with the Nifty Midcap index rising 2% from its day’s low. Shriram Finance, Adani Enterprises, Tata Steel, Bajaj Finance, and M&M were among the top gainers, whereas Bharti Airtel, Tata Consumer, Apollo Hospitals, and Tech Mahindra declined.

The rupee ended almost unchanged at 88.66 against the US dollar.

Going into next week, investors will focus on quarterly earnings from key financials, global market cues, and foreign fund inflows, which will likely dictate short-term momentum and sector rotation trends.

Domestic equities rebounded from early losses as buying emerged at key support levels, though it may be premature to call this a trend reversal amid mixed earnings, cautious global cues, and persistent FII outflows.

Select segments found support from Q2 results, with broader indices outperforming, led by a sharp rally in financials—especially PSU banks on account of rising investor interest driven by speculation around an FDI cap hike and sector consolidation.

Going forward, markets will closely monitor US shutdown and tariff-related developments with US-India and US-China deals to assess the durability of the current momentum.

Indian rupee ended flat at 88.66 per dollar on Friday versus previous close of 88.62.

Indian equity indices ended on a flat note in the volatile session on November 7.

At close, the Sensex was down 94.73 points or 0.11 percent at 83,216.28, and the Nifty was down 17.40 points or 0.07 percent at 25,492.30. About 1962 shares advanced, 2036 shares declined, and 126 shares unchanged.

Among sectors, metal index added 1.4%, while IT, Consumer Durables, FMCG, telecom shed 0.5% each.

BSE midcap index rose 0.2 percent, while smallcap index ended flat.

Shriram Finance, Adani Enterprises, Tata Steel, Bajaj Finance, M&M were among major gainers on the Nifty, while losers were Bharti Airtel, Tata Consumer, Apollo Hospitals, Tech Mahindra and Interglobe Aviation.

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Sumatriptan Injection USP, 4 mg/0.5 mL and 6 mg/0.5 mL, Single-Dose Autoinjector System.

Alembic Pharmaceuticals was quoting at Rs 916.90, up Rs 1.35, or 0.15 percent.

It has touched an intraday high of Rs 927.55 and an intraday low of Rs 896.90.

It was trading with volumes of 7,125 shares, compared to its five day average of 98,219 shares, a decrease of -92.75 percent.

In the previous trading session, the share closed down 4.64 percent or Rs 44.55 at Rs 915.55.

The share touched a 52-week high of Rs 1,122.40 and a 52-week low of Rs 725.60 on 06 January, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 18.31 percent below its 52-week high and 26.36 percent above its 52-week low.

Market capitalisation stands at Rs 18,022.87 crore.

Borosil was quoting at Rs 339.05, up Rs 2.75, or 0.82 percent.

It has touched an intraday high of Rs 355.60 and an intraday low of Rs 332.70.

It was trading with volumes of 18,525 shares, compared to its five day average of 19,538 shares, a decrease of -5.18 percent.

In the previous trading session, the share closed down 4.83 percent or Rs 17.05 at Rs 336.30.

The share touched a 52-week high of Rs 492.55 and a 52-week low of Rs 277.60 on 11 November, 2024 and 17 February, 2025, respectively.

Currently, the stock is trading 31.16 percent below its 52-week high and 22.14 percent above its 52-week low.

Market capitalisation stands at Rs 4,054.28 crore.

#1 Moderation in specialty segment expectations & strong branded generics growth make risk-reward favourable

#2 Q2FY26 EBITDA was in-line with estimates

#3 Valuations supported by robust domestic growth, diversified presence & strong balance sheet

#1 Q2FY26 results were below estimates on weak margin

#2 Weakness in TPW fans & large appliances stemmed from high commodity prices & seasonality

#3 Lighting rebounded with strong margin gains

#4 Company expects solar to become its second-largest business in 18-24 months with high RoCE

#1 Parbati II & Teesta V shutdowns hurt Q2

#2 Forecast REE growth of 114 percent over FY25-28 versus 2 percent over the past five years

#3 With a step-change in REE, forecast 69 percent higher EPS & RoE expansion of 419 bps over FY25–27

NHPC was quoting at Rs 81.50, down Rs 1.36, or 1.64 percent.

It has touched an intraday high of Rs 82.60 and an intraday low of Rs 80.25.

It was trading with volumes of 1,149,753 shares, compared to its five day average of 460,846 shares, an increase of 149.49 percent.

In the previous trading session, the share closed down 1.47 percent or Rs 1.24 at Rs 82.86.

The share touched a 52-week high of Rs 92.30 and a 52-week low of Rs 71.01 on 09 June, 2025 and 12 February, 2025, respectively.

Currently, the stock is trading 11.7 percent below its 52-week high and 14.77 percent above its 52-week low.

Market capitalisation stands at Rs 81,867.03 crore.

The Sensex was down 105.43 points or 0.13 percent at 83,205.58, and the Nifty was down 19.20 points or 0.08 percent at 25,490.50. About 1831 shares advanced, 1947 shares declined, and 119 shares unchanged.

Power Finance Corporation was quoting at Rs 387.00, up Rs 1.00, or 0.26 percent.

It has touched an intraday high of Rs 394.70 and an intraday low of Rs 382.35.

It was trading with volumes of 177,539 shares, compared to its five day average of 342,094 shares, a decrease of -48.10 percent.

In the previous trading session, the share closed down 2.59 percent or Rs 10.25 at Rs 386.00.

The share touched a 52-week high of Rs 523.65 and a 52-week low of Rs 357.25 on 06 December, 2024 and 17 February, 2025, respectively.

Currently, the stock is trading 26.1 percent below its 52-week high and 8.33 percent above its 52-week low.

Market capitalisation stands at Rs 127,713.94 crore.

#1 Q2 PAT in-line with estimates

#2 Core EBITDA was also in-line despite 2 percent lower costs

#3 Company faced technical issue on October 28, identified root cause & taken steps to prevent similar issues

#4 October saw a sharp spike in ADTR to Rs 9.5 crore, which moderated to Rs 8 crore in the past 10 days

#5 Sustained ADTR could pose upside risk to EPS forecasts

QIB – 0.00 times

NII - 0.06 times

Retail – 0.47 times

Employee Reserved - 2.54 times

Overall – 0.11 times

AIA Engineering was quoting at Rs 3,233.00, down Rs 79.90, or 2.41 percent.

It has touched an intraday high of Rs 3,343.45 and an intraday low of Rs 3,220.00.

It was trading with volumes of 3,304 shares, compared to its five day average of 2,315 shares, an increase of 42.73 percent.

In the previous trading session, the share closed down 0.51 percent or Rs 17.05 at Rs 3,312.90.

The share touched a 52-week high of Rs 3,779.15 and a 52-week low of Rs 3,000.60 on 06 February, 2025 and 28 August, 2025, respectively.

Currently, the stock is trading 14.45 percent below its 52-week high and 7.75 percent above its 52-week low.

Market capitalisation stands at Rs 30,170.48 crore.

#1 EBITDA beat & upgraded guidance

#2 Management focused on unlocking value through restructuring across four segments

#3 Attractive risk-reward with potential upside from global Agchem price recovery

QIB – 10.17 times

NII - 10.18 times

Retail – 8.19 times

Overall – 9.81 times

#1 Q2FY26 revenue in-line with the estimates

#2 Focus on deal wins, margin improvement & operational efficiency

#3 Management prioritising predictability restoration

QIB – 0.00 times

NII - 0.05 times

Retail – 0.44 times

Employee Reserved - 2.33 times

Overall – 0.10 times

QIB – 8.03 times

NII - 7.88 times

Retail – 7.75 times

Overall – 7.94 times

Hindalco Industries was quoting at Rs 795.95, up Rs 7.90, or 1.00 percent.

It has touched an intraday high of Rs 802.75 and an intraday low of Rs 784.15.

It was trading with volumes of 478,681 shares, compared to its five day average of 245,381 shares, an increase of 95.08 percent.

In the previous trading session, the share closed down 5.16 percent or Rs 42.90 at Rs 788.05.

The share touched a 52-week high of Rs 863.80 and a 52-week low of Rs 546.25 on 30 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 7.85 percent below its 52-week high and 45.71 percent above its 52-week low.

Market capitalisation stands at Rs 178,868.00 crore.

#1 Q2 beat estimates, with PAT 34 percent higher on forex gains

#2 India business outperformed, US revenue missed slightly

#3 EBITDA also ahead of estimates

Zydus Lifesciences was quoting at Rs 939.55, up Rs 3.30, or 0.35 percent.

It has touched an intraday high of Rs 945.55 and an intraday low of Rs 927.

It was trading with volumes of 15,915 shares, compared to its five day average of 50,727 shares, a decrease of -68.63 percent.

In the previous trading session, the share closed down 3.76 percent or Rs 36.60 at Rs 936.25.

The share touched a 52-week high of Rs 1,059 and a 52-week low of Rs 797.05 on 19 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 11.28 percent below its 52-week high and 17.88 percent above its 52-week low.

Market capitalisation stands at Rs 94,540.71 crore.

#1 Q2 revenue in-line, PAT missed on margin

#2 Strong growth in Europe offset by weak US & API business

#3 Maintained FY26 revenue & margin guidance

#1 Weak performance as margin disappointed again

#2 Order inflows fell 3 percent YoY on sluggish large orders

#3 Revenue beat estimates by 2 percent but EBITDA missed by 3 percent on weak gross margin

ABB India was quoting at Rs 5,015.00, down Rs 208.15, or 3.99 percent.

It has touched an intraday high of Rs 5,131.85 and an intraday low of Rs 4,964.00.

It was trading with volumes of 21,920 shares, compared to its five day average of 4,568 shares, an increase of 379.86 percent.

In the previous trading session, the share closed down 0.32 percent or Rs 16.95 at Rs 5,223.15.

The share touched a 52-week high of Rs 7,959.90 and a 52-week low of Rs 4,590.05 on 17 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 37 percent below its 52-week high and 9.26 percent above its 52-week low.

Market capitalisation stands at Rs 106,272.05 crore.

NAVA was quoting at Rs 571.95, down Rs 22.60, or 3.80 percent.

It has touched an intraday high of Rs 603.55 and an intraday low of Rs 568.80.

It was trading with volumes of 38,828 shares, compared to its five day average of 12,967 shares, an increase of 199.45 percent.

In the previous trading session, the share closed down 2.17 percent or Rs 13.20 at Rs 594.55.

The share touched a 52-week high of Rs 735.30 and a 52-week low of Rs 356.60 on 15 September, 2025 and 14 February, 2025, respectively.

Currently, the stock is trading 22.22 percent below its 52-week high and 60.39 percent above its 52-week low.

Market capitalisation stands at Rs 16,598.06 crore.

UNO Minda was quoting at Rs 1,212.00, down Rs 21.25, or 1.72 percent.

It has touched an intraday high of Rs 1,255.95 and an intraday low of Rs 1,197.80.

It was trading with volumes of 58,088 shares, compared to its five day average of 19,424 shares, an increase of 199.05 percent.

In the previous trading session, the share closed down 1.49 percent or Rs 18.70 at Rs 1,233.25.

The share touched a 52-week high of Rs 1,381.95 and a 52-week low of Rs 768.10 on 07 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 12.3 percent below its 52-week high and 57.79 percent above its 52-week low.

Market capitalisation stands at Rs 69,904.59 crore.

Hindalco Industries was quoting at Rs 798.35, up Rs 10.30, or 1.31 percent.

It has touched an intraday high of Rs 802.75 and an intraday low of Rs 784.15.

It was trading with volumes of 459,114 shares, compared to its five day average of 245,381 shares, an increase of 87.10 percent.

In the previous trading session, the share closed down 5.16 percent or Rs 42.90 at Rs 788.05.

The share touched a 52-week high of Rs 863.80 and a 52-week low of Rs 546.25 on 30 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 7.58 percent below its 52-week high and 46.15 percent above its 52-week low.

Market capitalisation stands at Rs 179,407.33 crore.

Angel One Asset Management Company Ltd, a wholly owned subsidiary of Angel One Limited, announced the launch of Angel One Nifty Total Market Momentum Quality 50 ETF and Angel One Nifty Total Market Momentum Quality 50 Index Fund; the first Smart Beta schemes based on the Nifty Total Market Index, offering investors broad market exposure in passive investment space.

The New Fund Offers (NFOs) open for subscription on November 3, 2025, and close on November 17, 2025. Both schemes are designed to track the performance of the Nifty Total Market Momentum Quality 50 Index, which comprises the top 50 stocks selected from a universe of 750 companies across large, mid, small, and microcap segments. Selection is based on combined momentum and quality scores offering investors a diversified, rule-based, and transparent approach to market participation.

Shyam Metalics & Energy was quoting at Rs 873, up Rs 34.55, or 4.12 percent.

It has touched an intraday high of Rs 895 and an intraday low of Rs 839.55.

It was trading with volumes of 23,774 shares, compared to its five day average of 13,434 shares, an increase of 76.97 percent.

In the previous trading session, the share closed down 5.46 percent or Rs 48.40 at Rs 838.45.

The share touched a 52-week high of Rs 1,000.90 and a 52-week low of Rs 655 on 31 July, 2025 and 10 January, 2025, respectively.

Currently, the stock is trading 12.78 percent below its 52-week high and 33.28 percent above its 52-week low.

Market capitalisation stands at Rs 24,368.21 crore.

Arvind was quoting at Rs 314.05, up Rs 3.85, or 1.24 percent.

It has touched an intraday high of Rs 324.30 and an intraday low of Rs 297.90.

It was trading with volumes of 98,598 shares, compared to its five day average of 15,894 shares, an increase of 520.36 percent.

In the previous trading session, the share closed down 2.27 percent or Rs 7.20 at Rs 310.20.

The share touched a 52-week high of Rs 450.40 and a 52-week low of Rs 271.55 on 18 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 30.27 percent below its 52-week high and 15.65 percent above its 52-week low.

Market capitalisation stands at Rs 8,231.71 crore.

Bajaj Auto was quoting at Rs 8,666.55, down Rs 49.75, or 0.57 percent.

It has touched an intraday high of Rs 8,715.40 and an intraday low of Rs 8,606.00.

It was trading with volumes of 3,149 shares, compared to its five day average of 8,589 shares, a decrease of -63.34 percent.

In the previous trading session, the share closed down 0.35 percent or Rs 30.85 at Rs 8,716.30.

The share touched a 52-week high of Rs 10,030.00 and a 52-week low of Rs 7,088.25 on 11 November, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 13.59 percent below its 52-week high and 22.27 percent above its 52-week low.

Market capitalisation stands at Rs 242,020.00 crore.

Lumax Industries was quoting at Rs 4,690.00, down Rs 160.65, or 3.31 percent.

It has touched an intraday high of Rs 5,065.85 and an intraday low of Rs 4,550.80.

It was trading with volumes of 2,259 shares, compared to its five day average of 804 shares, an increase of 181.11 percent.

In the previous trading session, the share closed down 1.89 percent or Rs 93.30 at Rs 4,850.65.

The share touched a 52-week high of Rs 5,335.00 and a 52-week low of Rs 2,005.60 on 03 October, 2025 and 30 January, 2025, respectively.

Currently, the stock is trading 12.09 percent below its 52-week high and 133.85 percent above its 52-week low.

Market capitalisation stands at Rs 4,384.09 crore.

Aegis Logistics was quoting at Rs 764.10, down Rs 2.00, or 0.26 percent.

It has touched an intraday high of Rs 786.10 and an intraday low of Rs 757.30.

It was trading with volumes of 43,049 shares, compared to its five day average of 24,280 shares, an increase of 77.30 percent.

In the previous trading session, the share closed up 0.45 percent or Rs 3.40 at Rs 766.10.

The share touched a 52-week high of Rs 1,035.70 and a 52-week low of Rs 610.50 on 08 January, 2025 and 28 January, 2025, respectively.

Currently, the stock is trading 26.22 percent below its 52-week high and 25.16 percent above its 52-week low.

Market capitalisation stands at Rs 26,819.91 crore.

Alembic Pharmaceuticals Limited (Alembic) today announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Dasatinib Tablets, 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg.

The approved ANDA is therapeutically equivalent to the reference listed drug (RLD), Sprycel Tablets, 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg, of Bristol-Myers Squibb Company (BMS).

Go Fashion India was quoting at Rs 632.50, down Rs 7.55, or 1.18 percent.

It has touched a 52-week low of Rs 625.

It has touched an intraday high of Rs 641 and an intraday low of Rs 625.

It was trading with volumes of 1,452 shares, compared to its five day average of 1,712 shares, a decrease of -15.21 percent.

Market capitalisation stands at Rs 3,416.07 crore.

#1 Q2FY26 sales/EBITDA/PAT beat estimates by 6 percent/17 percent/25 percent

#2 Strong outperformance across LATAM & ROW markets

Lupin was quoting at Rs 1,969.65, up Rs 13.60, or 0.70 percent.

It has touched an intraday high of Rs 2,001.75 and an intraday low of Rs 1,960.85.

It was trading with volumes of 132,477 shares, compared to its five day average of 30,570 shares, an increase of 333.36 percent.

In the previous trading session, the share closed down 2.11 percent or Rs 42.10 at Rs 1,956.05.

The share touched a 52-week high of Rs 2,403.45 and a 52-week low of Rs 1,774 on 02 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 18.05 percent below its 52-week high and 11.03 percent above its 52-week low.

Market capitalisation stands at Rs 89,966.16 crore.

Studds Accessories IPO got listed today, debuting around 3% below the top price of Rs 585, despite strong investor interest during the subscription phase. The IPO was a complete Offer for Sale worth Rs 455.49 crore and saw nearly 73.25 times subscription that showed notable demand from investors.

Studds is the biggest name in the Indian two-wheeler helmet market, holding over 27% of the volume market share and 25.5% by value as of the last fiscal year.

Their business covers designing, making, and selling helmets and two-wheeler accessories under the mass-market Studds brand and the premium SMK brand. They operate widely in India and also export to more than 70 countries, establishing themselves as a leading global maker of protective gear. Financially, the company has shown steady revenue growth and good profitability, backed by its strong brand and operational reach.

The Indian helmet market grew at a compound annual growth rate of 4.4% in unit sales from 2019 to 2024, driven by factors like rising urbanization, higher disposable incomes, increased safety awareness, and more stringent helmet laws. These trends are expected to keep helping organised companies like Studds. Being a consumption-led business, Studds is well-placed to grow with rising demand and its strong brand presence.

#1 Q2 revenue beat estimates led by strong US & EM sales

#2 Gross margin up 390 bps YoY to 74 percent, driven by high-value generics gJynarque & gSpiriva

#3 EBITDA grew 75 percent YoY with record 33 percent margin

Lupin was quoting at Rs 1,976.75, up Rs 20.70, or 1.06 percent.

It has touched an intraday high of Rs 2,001.75 and an intraday low of Rs 1,960.85.

It was trading with volumes of 128,826 shares, compared to its five day average of 30,570 shares, an increase of 321.42 percent.

In the previous trading session, the share closed down 2.11 percent or Rs 42.10 at Rs 1,956.05.

The share touched a 52-week high of Rs 2,403.45 and a 52-week low of Rs 1,774.00 on 02 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 17.75 percent below its 52-week high and 11.43 percent above its 52-week low.

Market capitalisation stands at Rs 90,290.46 crore.

#1 Higher volumes & margin drove Q2FY26 results ahead of estimates

#2 Company turned optimistic on its UK adhesives business with a new CEO appointment

#3 Targeting double-digit growth & margin next year

Astral Limited was quoting at Rs 1,556.10, down Rs 10.40, or 0.66 percent.

It has touched an intraday high of Rs 1,577 and an intraday low of Rs 1,547.

It was trading with volumes of 31,268 shares, compared to its five day average of 71,477 shares, a decrease of -56.25 percent.

In the previous trading session, the share closed up 6.74 percent or Rs 98.95 at Rs 1,566.50.

The share touched a 52-week high of Rs 1,869.95 and a 52-week low of Rs 1,232.00 on 12 December, 2024 and 13 March, 2025, respectively.

Currently, the stock is trading 16.78 percent below its 52-week high and 26.31 percent above its 52-week low.

Market capitalisation stands at Rs 41,804.65 crore.

#1 Adjusted PAT missed estimate driven by 3 percent lower revenue, weak ECD margin & lower other Income

#2 ECD revenue fell 2 percent led by declines in fans & large appliances

#3 ECD margin declined 425 bps YoY on negative operating leverage & higher ad spends

#4 Lighting revenue rose 3 percent with margin improving 485 bps YoY on a favourable mix

NBCC (India) was quoting at Rs 112.50, up Rs 1.10, or 0.99 percent.

It has touched an intraday high of Rs 113.25 and an intraday low of Rs 110.25.

It was trading with volumes of 163,347 shares, compared to its five day average of 770,089 shares, a decrease of -78.79 percent.

In the previous trading session, the share closed down 2.24 percent or Rs 2.55 at Rs 111.40.

The share touched a 52-week high of Rs 130.60 and a 52-week low of Rs 70.82 on 09 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 13.86 percent below its 52-week high and 58.85 percent above its 52-week low.

Market capitalisation stands at Rs 30,375.00 crore.

Divis Laboratories was quoting at Rs 6,838.30, down Rs 48.00, or 0.70 percent.

It has touched an intraday high of Rs 6,884.25 and an intraday low of Rs 6,771.00.

It was trading with volumes of 5,581 shares, compared to its five day average of 9,107 shares, a decrease of -38.72 percent.

In the previous trading session, the share closed up 1.29 percent or Rs 87.45 at Rs 6,886.30.

The share touched a 52-week high of Rs 7,077.70 and a 52-week low of Rs 4,941.70 on 08 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 3.38 percent below its 52-week high and 38.38 percent above its 52-week low.

Market capitalisation stands at Rs 181,535.38 crore.

Revenue up 76.3% at Rs 634.3 crore versus Rs 359.7 crore, YoY

KPI Green Energy was quoting at Rs 521.10, up Rs 9.80, or 1.92 percent.

It has touched an intraday high of Rs 527.35 and an intraday low of Rs 493.30.

It was trading with volumes of 151,730 shares, compared to its five day average of 110,136 shares, an increase of 37.77 percent.

In the previous trading session, the share closed down 3.93 percent or Rs 20.90 at Rs 511.30.

The share touched a 52-week high of Rs 589.00 and a 52-week low of Rs 312.95 on 03 January, 2025 and 29 January, 2025, respectively.

Currently, the stock is trading 11.53 percent below its 52-week high and 66.51 percent above its 52-week low.

Market capitalisation stands at Rs 10,283.44 crore.

#1 Consolidated revenue in-line with estimate, led by growth in healthcare services, Apollo Healthco & AHLL

#2 Consolidated EBITDA was up 15 percent YoY, in-line with estimate

#3 EBITDA margin was 14.9 percent

#4 24/7 cash losses were reduced QoQ & YoY by 3 percent & 22 percent, respectively

#5 PAT for the quarter was above estimates

The Sensex was down 266.81 points or 0.32 percent at 83,044.20, and the Nifty was down 73.05 points or 0.29 percent at 25,436.65. About 1452 shares advanced, 2147 shares declined, and 121 shares unchanged.

#1 Q2FY26 results beat expectations with strong growth in global CP & seeds verticals

#2 EBITDA guidance raised, expect continued recovery & deleveraging

UPL was quoting at Rs 728.45, down Rs 7.05, or 0.96 percent.

It has touched an intraday high of Rs 734.00 and an intraday low of Rs 720.55.

It was trading with volumes of 55,818 shares, compared to its five day average of 216,201 shares, a decrease of -74.18 percent.

In the previous trading session, the share closed up 0.57 percent or Rs 4.20 at Rs 735.50.

The share touched a 52-week high of Rs 747.00 and a 52-week low of Rs 493.00 on 06 November, 2025 and 31 December, 2024, respectively.

Currently, the stock is trading 2.48 percent below its 52-week high and 47.76 percent above its 52-week low.

Market capitalisation stands at Rs 58,053.92 crore.

Unicommerce Esolutions  announced the launch of UniCapture, a video-based verification solution (VMS) designed to help D2C brands and e-commerce sellers automatically record and link short, timestamped videos to each order along with the order/transaction ID during packing and return inspections.

Unicommerce Esolutions was quoting at Rs 125.70, up Rs 1.00, or 0.80 percent.

It has touched an intraday high of Rs 127.35 and an intraday low of Rs 123.05.

It was trading with volumes of 5,527 shares, compared to its five day average of 483,440 shares, a decrease of -98.86 percent.

In the previous trading session, the share closed down 2.77 percent or Rs 3.55 at Rs 124.70.

The share touched a 52-week high of Rs 209.20 and a 52-week low of Rs 96.30 on 08 November, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 39.91 percent below its 52-week high and 30.53 percent above its 52-week low.

Market capitalisation stands at Rs 1,298.02 crore.

#1 In-line QFY26 operationally, though PAT missed on higher taxes

#2 Reducing losses at new plants boosted margin

#3 Clarity on minimum import price for Pen G seen as key catalyst

IT services, I think, offer an interesting opportunity. 
I agree with the point Neelkanth made. It's not so simple that AI is going to take over coding.

In fact, from whatever I know, a lot of the AI work, the monetisation of the investments that have happened is taking place here in this country. 
So it's unlikely that, you know, AI is going to what is hurting IT services actually is the GCCs. It's not AI.

2018 to 20 was very easy. You buy PSU, buy metal buy telecom. all those stocks are very cheap. 
Today, all those sectors are not.

We buy across, whether it is quality, whether it is many other sectors, suddenly you'll find someone coming and selling because they waited for two, three years, no return, they'll come and sell.

So we buy across sectors and we find, like, recently, we bought oil and gas, and we found that it suddenly performed.

#1 Revenue beat estimate by 12 percent led by strong domestic & export growth

#2 EBITDA beat by 21 percent on cost optimisation

#3 Management remains optimistic given diversified portfolio & agility in managing challenges

Cummins India was quoting at Rs 4,303.50, down Rs 13.70, or 0.32 percent.

It has touched a 52-week high of Rs 4,494.40.

It has touched an intraday high of Rs 4,494.40 and an intraday low of Rs 4,250.

It was trading with volumes of 62,330 shares, compared to its five day average of 9,129 shares, an increase of 582.78 percent.

In the previous trading session, the share closed at Rs 4,317.20.

Market capitalisation stands at Rs 119,293.02 crore.

The National Company Law Tribunal (NCLT), New Delhi, has sanctioned the scheme of amalgamation of subsidiary Suzuki Motor Gujarat into Maruti Suzuki India.

Maruti Suzuki India was quoting at Rs 15,363.15, down Rs 90.30, or 0.58 percent.

It has touched an intraday high of Rs 15,460.05 and an intraday low of Rs 15,260.20.

It was trading with volumes of 12,769 shares, compared to its five day average of 21,164 shares, a decrease of -39.67 percent.

In the previous trading session, the share closed up 0.54 percent or Rs 83.00 at Rs 15,453.45.

The share touched a 52-week high of Rs 16,673.90 and a 52-week low of Rs 10,725 on 23 October, 2025 and 24 December, 2024, respectively.

Currently, the stock is trading 7.86 percent below its 52-week high and 43.25 percent above its 52-week low.

Market capitalisation stands at Rs 483,021.39 crore.

RailTel Corporation of India has received the work order of Rs 65,70,60,000 from Sarva Shiksha Abhiyan (Ssa) Education Department Gujarat.

Also, received the work order from Information Technology And Electronics Department Uttar Pradesh of Rs 13,86,10,757.

The company has signed a strategic MoU with Goldfields Commercials, a real estate developer in Australia, for the identification, development, and execution of real estate, housing, infrastructure, and redevelopment projects in Australia.

NBCC (India) was quoting at Rs 112.50, up Rs 1.10, or 0.99 percent.

It has touched an intraday high of Rs 112.60 and an intraday low of Rs 110.25.

It was trading with volumes of 126,854 shares, compared to its five day average of 770,089 shares, a decrease of -83.53 percent.

In the previous trading session, the share closed down 2.24 percent or Rs 2.55 at Rs 111.40.

The share touched a 52-week high of Rs 130.60 and a 52-week low of Rs 70.82 on 09 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 13.86 percent below its 52-week high and 58.85 percent above its 52-week low.

Market capitalisation stands at Rs 30,375.00 crore.

The company has emerged as the lowest bidder for a contract worth Rs 272 crore from Central Railway. The contract involves the design, supply, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in the 2x25 KV traction system (Scott-connected transformer) of the Daund–Solapur sections of Central Railway.

Rail Vikas Nigam was quoting at Rs 315.75, down Rs 1.95, or 0.61 percent.

It has touched an intraday high of Rs 319.85 and an intraday low of Rs 314.20.

It was trading with volumes of 93,491 shares, compared to its five day average of 252,117 shares, a decrease of -62.92 percent.

In the previous trading session, the share closed down 2.47 percent or Rs 8.05 at Rs 317.70.

The share touched a 52-week high of Rs 501.55 and a 52-week low of Rs 295.25 on 01 February, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 37.05 percent below its 52-week high and 6.94 percent above its 52-week low.

Market capitalisation stands at Rs 65,834.51 crore.

The Sensex was down 500.38 points or 0.60 percent at 82,810.63, and the Nifty was down 139.10 points or 0.55 percent at 25,370.60. About 1257 shares advanced, 2242 shares declined, and 121 shares unchanged.

I agree with the Ridham that a trade deal is not important for India's macro. It is important for FII sentiment on India.

Remember that the whole world is obsessed with tariffs right now, so it does affect sentiment. And if you are sitting in London or New York and you're reading some of these Western business press and you see that India has 50% tariffs and, you, it is struggling. I think the sentiment around India sours.

In India, what are the Indian entrepreneurs, the Indian private equity firms all they have done is they've insured enough supplies. So even if we get good SIP floors, they went short that there's so much supply that the market just cannot go up easily. 
I mean there is so much supply and there doesn't seem to be any end to the supply. So I mean, although we have a very, very big investment team, all the time we are trying to see how to handle every day. There's some block or the other.

So most of our time is spent in analysing whether we should buy this block or participate in this IPO or this QIP. That that doesn't seem to be any way the market can go up till this supply ends and we're not able to see when the supply ends.

India's relative valuations have corrected a long way and we're now actually at levels which we don't see very often. So India does look far more appealing as a market to foreign investors and the final point is that in recent months, the focus of global tourist capital, the one that looks at short-term returns, has been on AI.

And India does not really offer an AI trade. So ultimate trigger point for the return of the FPI will be if the AI trade starts fading. I think India will suddenly start looking very attractive.

And the final thing is on the trade deal, while I don't think the trade deal with the US is that critical for India's macro in the minds of short term capital movers, it does seem to be an important thing and hopefully later this month that trade deal happens and that will again be another negative out of the way. So as I see the landscape, I think things look like they are about to turn for Indian or relative bases. The risk, of course, remains that the world could wobble and that could make it another tricky year for absolute returns, but I'm hoping that the worst doesn't pan out.

I think the SEBI chair made a very useful point about foreign investors who, unlike domestic investors, see things on a relative basis. China announced its first round of stimulus September last year, and that eventually proved to be India's peak relative emerging markets. And we've had the worst year for India relative to EM in 30.

So it's not been just another year. It's not visible in absolute share prices because the world is in a raging bull markets like Korea multiples, higher by 10 percentage points in the last 12 months. So that's the extent to which India has underperform.

The proximate reasons are known to everyone: growth slowed down. The starting point of relative valuations, especially were very high. And we've seen both of these, I think, correct or inflect.

PhysicsWallah (PW) offers test-preparation courses for competitive examinations and other upskilling courses.

The company’s channels of delivery include (a) Online, (b) Tech-enabled offline centers or (c) Hybrid centers. It is among the top 5 edtech companies in terms of revenue in India and has 13.7 million subscribers as of Jul’25 on its main YouTube channel.

Over the last three years, PW has delivered sales/EBITDA CAGR of 96.9%/88.8% respectively, while the company’s net loss has widened from Rs 81 crore in FY23 to Rs 216 crore in FY25 due to higher depreciation expenses and impairment losses on financial assets.

At upper price band of Rs 109, the issue is valued at EV/Sales multiple of 9.7x based on the post-issue capital, which seems fairly valued.

We maintain a neutral view on the issue and would like to monitor the performance of the company post listing.

#1 Profit surges 104% to Rs 106 crore Vs Rs 52 crore, YoY

#2 Revenue soars 29% to Rs 2,100 crore Vs Rs 1,628 crore, YoY

#1 Profit falls 9% to Rs 116.1 crore Vs Rs 127.5 crore, YoY

#2 Revenue declines 2.9% to Rs 1,328.9 crore Vs Rs 1,368.2 crore, YoY

Birlasoft was quoting at Rs 373.00, down Rs 0.05, or 0.01 percent.

It has touched an intraday high of Rs 375.40 and an intraday low of Rs 355.75.

It was trading with volumes of 131,033 shares, compared to its five day average of 64,206 shares, an increase of 104.08 percent.

In the previous trading session, the share closed up 0.55 percent or Rs 2.05 at Rs 373.05.

The share touched a 52-week high of Rs 624.10 and a 52-week low of Rs 330.15 on 12 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 40.23 percent below its 52-week high and 12.98 percent above its 52-week low.

Market capitalisation stands at Rs 10,389.65 crore.

#1 Profit grows 17.4% to Rs 276.5 crore Vs Rs 235.6 crore, YoY

#2 Revenue increases 6.7% to Rs 3,467 crore Vs Rs 3,250.7 crore, YoY

I think things look like they are about to turn for India on a relative basis, the risk, of course, remains, that the world could wobble, and that could make it trickier for absolute returns, but I'm hoping that that just doesn't matter.

#1 Profit zooms 42% to Rs 64 crore Vs Rs 45.1 crore, YoY

#2 Revenue soars 50.5% to Rs 1,006.9 crore Vs Rs 668.8 crore, YoY

Pricol was quoting at Rs 523.50, up Rs 5.90, or 1.14 percent.

It has touched an intraday high of Rs 569.95 and an intraday low of Rs 522.70.

It was trading with volumes of 234,122 shares, compared to its five day average of 10,967 shares, an increase of 2,034.79 percent.

In the previous trading session, the share closed down 3.52 percent or Rs 18.90 at Rs 517.60.

The share touched a 52-week high of Rs 598.85 and a 52-week low of Rs 381.50 on 19 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 12.58 percent below its 52-week high and 37.22 percent above its 52-week low.

Market capitalisation stands at Rs 6,380.50 crore.

#1 Profit grows 13.6% to Rs 110 crore Vs Rs 96.8 crore, YoY

#2 Revenue increases 10.2% to Rs 1,197.2 crore Vs Rs 1,086.4 crore, YoY

Aster DM Healthcare Ltd was quoting at Rs 681.80, down Rs 5.45, or 0.79 percent.

It has touched an intraday high of Rs 699 and an intraday low of Rs 676.80.

It was trading with volumes of 18,708 shares, compared to its five day average of 36,998 shares, a decrease of -49.44 percent.

In the previous trading session, the share closed down 0.21 percent or Rs 1.45 at Rs 687.25.

The share touched a 52-week high of Rs 732 and a 52-week low of Rs 386.15 on 23 October, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 6.86 percent below its 52-week high and 76.56 percent above its 52-week low.

Market capitalisation stands at Rs 35,325.49 crore.