The BSE Sensex rose by a mere 9.83 points or 0.01%, closing at 79,496.15 after fluctuating within a range of 80,102.14 to 79,001.34. Meanwhile, the NSE Nifty50 dropped slightly by 6.90 points or 0.03%, finishing at 24,141.30, with trading levels between 24,336.80 and 24,004.60.
In a mixed performance, the broader markets took a hit, with Nifty Smallcap100 and Nifty Midcap100 falling by 1.20% and 0.88% respectively.
Impact on the stock market
Sectorally, most indices closed in the red, except for Nifty IT, Financials, and Banking (Bank Nifty, Private Bank, and PSU Bank), which provided some support. In contrast, sectors like Nifty Healthcare, Metal, and Media saw declines of over 1% each, reflecting cautious sentiment among investors.
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| Sector/Index | Performance |
| IT & BPM sector | 1.28% |
| Healthcare sector | -1.50% |
| Oil & Gas sector | -0.83% |
| Real estate sector | -0.15% |
| PSU Bank in India | 0.48% |
Top gainers today
| Company | Price | Change % |
| Power Grid Corp Share Price | 329.80 | 4.28 |
| Trent Share Price | 6,480.70 | 2.89 |
| Infosys Share Price | 1,860.10 | 1.65 |
| HCL Tech Share Price | 1,867.30 | 1.62 |
| Tech Mahindra Share Price | 1,704.15 | 1.36 |
Top losers today
| Asian Paints Share Price | 2,543.10 | -8.17 |
| Britannia Share Price | 5,434.65 | -5.44 |
| Apollo Hospital Share Price | 7,155.45 | -3.58 |
| Cipla Share Price | 1,552.80 | -2.50 |
| ONGC Share Price | 256.90 | -2.15 |
Market aftermath: Impact on stocks
KIMS Shares Surge on Strong Q2 Performance
Krishna Institute of Medical Sciences (KIMS) had a remarkable day, with shares soaring nearly 6% following the release of strong Q2FY25 results. The company reported a consolidated net profit of ₹107.4 crore, a 24% increase from the previous quarter and a 16.7% year-over-year rise. Revenue from operations grew by 13% sequentially and 19% year-over-year to ₹777.3 crore. This performance has propelled KIMS stock to a 50% year-to-date gain, significantly outperforming the Nifty50’s 12% increase over the same period.
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Eicher Motors Expected to Post Growth
Eicher Motors is scheduled to release its Q2 earnings on November 13, and analysts are optimistic about strong results. Exports have increased by 11%, contributing to a projected 12.4% rise in revenue year-over-year, reaching ₹4,418 crore. Net profit is anticipated to jump by 17% to ₹1,100 crore. Eicher’s stock has already risen over 15% this year, reflecting positive sentiment and strong growth expectations.
Data Patterns Shares Fall on Weaker Earnings
Data Patterns (India) Ltd had a challenging day, with shares tumbling by over 7% after the company reported a year-on-year 10% drop in Q2 net profit to ₹30.3 crore and a 16% decline in revenue to ₹91 crore. Operational EBITDA also slipped to ₹34.3 crore from ₹40.8 crore, with margins remaining flat at 37.7%. Despite today’s losses, the stock has still gained over 21% year-to-date, outperforming the Nifty50’s 12% increase.
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Crude Oil Imports: India’s Increased Reliance on Russian Urals
In energy news, India’s October crude oil imports saw some intriguing shifts. Although total imports fell by 8% month-over-month and 6% year-over-year to 4.31 million barrels per day (mb/d), India’s import of Russia’s Urals crude rose by 10% year-over-year, reaching 1.45 mb/d. This increase is attributed to Russian refinery maintenance, which allowed more Ural barrels to be available for export.
Russia’s share of India’s crude imports rose to 39.56%, while Middle Eastern suppliers’ share dropped to 44.85% from 45.86% in September. Meanwhile, US crude imports fell for the second consecutive month, with volumes dropping to 148,902 barrels per day in October, down from 216,391 b/d in September. The reduced attractiveness of US crude due to narrower arbitrage opportunities made Middle Eastern and Russian supplies more appealing.
Conclusion
Today’s flat market close highlights the mixed sentiment as investors weigh strong individual performances against broader sectoral declines. With notable movements in healthcare and IT stocks and a cautious shift in crude oil sourcing, the market remains responsive to both domestic earnings reports and global trends. Investors are likely to keep a close eye on upcoming earnings releases and international developments as they navigate this uncertain landscape.
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