Today i.e. on 19th November, there is a rise in the stock market. Sensex is trading at the level of 78,350 with a gain of more than 1,000 points (1.30%). At the same time, Nifty is also up by more than 300 points (1.29%), it is trading at the level of 23,750.
Out of 30 Sensex stocks, 27 are showing a rise and only 3 are showing a decline. Today, more growth is being seen in auto, energy and IT shares. Shares of M&M and Tata Motors are up by more than 2%.
Rise in Shares
Among the 30 Sensex stocks, Mahindra & Mahindra, Adani Ports, Tata Motors, Infosys, Tata Consultancy Services, UltraTech Cement, Tech Mahindra and Reliance Industries were the biggest gainers. Bajaj Finserv and Kotak Mahindra Bank were laggards.
According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,403.40 crore on Monday, while domestic institutional investors (DIIs) bought shares worth Rs 2,330.56 crore.
Manaba Finance Limited, a leasing non-banking finance company, has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited (PVPL). Due to this news, Manaba Finance shares are trading at Rs 152 today with a rise of 3.5%.
This collaboration aims to provide customers with tailored financing solutions with low down payment options, competitive interest rates and loan tenure of up to four years.
Covering both internal combustion engine (ICE) and electric vehicle (EV) variants, This partnership supports India’s EV transition by encouraging entrepreneurship in the 3W segment. Special financing is also available for women entrepreneurs.
Mixed Business For Asian Markets
- In the Asian market, Japan’s Nikkei is up 0.69%. At the same time, an increase of 0.32% is seen in Korea’s Kospi and a decline of 0.39% in China’s Shanghai Composite.
- On November 18, America’s Dow Jones fell 0.13% and closed at 43,389. The S&P 500 rose 0.39% to 5,893 and the Nasdaq rose 0.60% to 18,791.
- According to NSE data, foreign investors (FIIs) sold shares worth ₹1,403 crore on November 18. During this period, domestic investors (DIIs) bought shares worth ₹2,330 crore.
Mama Earth’s Shares Fell 11%
- There was a sharp fall in the shares of Mama Earth’s parent company ‘Hosana Consumer’ today.
- The company’s shares have fallen 11% to Rs 263.
- Earlier yesterday also a decline of 20% was seen in the company’s shares.
- Actually the company released quarterly results.
- In the July-September period, Honasa Consumer posted a loss of Rs 19 crore, compared to a profit of Rs 29 crore in the year-ago period.
Rupee Increased By 2 Paise to 84.40 Against Dollar
The rupee rose two paise to 84.40 against the US dollar in early trade on Tuesday amid improvement in domestic equity markets and weakening of the US currency against key Asian rivals. However, forex traders said sustained outflows of foreign funds and rising crude oil prices put pressure on the local currency and capped its sharp rise.
