India Market Recap
Indian equity benchmarks extended their winning streak for the sixth consecutive session on Thursday, November 5, supported by strong buying in Auto, Financial Services and Banking stocks amid the weekly expiry of Sensex derivatives contracts. The BSE Sensex surged 2,008.61 points, or 2.60%, to close at 79,310.01, while the NSE Nifty 50 advanced 576 points, or 2.40%, to settle at 24,536.60. The sharp rally reflected strong buying interest across key sectors and sustained positive momentum in domestic equities. However, Indian markets may face volatility in the upcoming session, tracking the sharp decline in US equities and weakness across Asian markets. On the technical front, Nifty support is placed around 24,300–24,400, while resistance is seen in the 24,650–24,750 range.
US Market Recap
US equities witnessed a sharp sell-off on Thursday, November 5, reversing part of the strong gains recorded following the Democrats' victory in the US midterm elections. Investor sentiment weakened amid renewed selling pressure in technology and artificial intelligence-related stocks, raising concerns over elevated valuations and the sustainability of AI-driven investments. The Dow Jones Industrial Average declined 1.14% to 52,737.20, while the S&P 500 fell 3.09% to 7,451.32. The technology-heavy Nasdaq Composite witnessed the steepest decline, plunging 4.80% to 24,484. The sharp correction reflected renewed risk aversion, particularly in technology stocks, as investors reassessed growth expectations and market valuations following the recent rally.
Asian Market Update
Asian equity markets witnessed heavy selling pressure on Friday, November 6, tracking sharp overnight losses on Wall Street as a significant correction in artificial intelligence and technology stocks weighed on investor sentiment. Japan's Nikkei 225 plunged 6%, while the broader Topix declined 5.20%. South Korea's Kospi recorded a particularly steep fall of nearly 9%, triggering circuit breakers and a 20-minute trading halt. Meanwhile, Australia's S&P/ASX 200 declined 0.70%, while New Zealand's NZX 50 slipped nearly 0.50%. The broad-based weakness reflected heightened risk aversion across regional markets, with technology-heavy indices facing the strongest selling pressure.
Commodity Check
Crude oil prices edged higher on Friday, November 6, with Brent crude trading around $99 per barrel, although prices remained on track for a weekly decline of nearly 13% amid growing expectations of a possible de-escalation in the US–Iran conflict. Brent crude futures had gained 3.80% on Thursday to settle at $98.29 per barrel, while US West Texas Intermediate (WTI) crude advanced 2.70% to close at $90.52 per barrel. The recovery followed Wednesday's sharp sell-off, when both benchmarks declined more than 8% to their lowest settlement levels since August 31. Expectations of diplomatic progress strengthened after Democrats secured control of both chambers of the US Congress in the midterm elections, potentially limiting political support for President Donald Trump's military operations against Iran. Meanwhile, Tehran is reportedly reviewing proposals submitted by mediators regarding its nuclear programme. However, uncertainty surrounding the conflict and global energy supplies remains elevated. Iran has maintained that the US naval blockade of its ports must be lifted, sanctions eased and frozen assets released before it fully reopens the Strait of Hormuz.
Stocks In News
- John Cockerill: Allots Compulsory Convertible Preference Shares Worth Rs 204 crore
- Sasken Technologies: Selected To Support Strategic Connectivity Platform Programme With A European Automotive Software Company
- Arvind Fashions: Arm's Securities Premium Account To Be Reduced To Offset Rs 1,440 crore Loss
- HCC: Appoints Vivek Singhal As CEO From Nov. 5
- Optiemus Infracom: To Raise Funds Worth Rs 200 crore Through Equity And Other Instruments
- Titan: Noel Tata To Retire As Vice Chairman From Nov. 12; To Raise Funds Worth Up To Rs 2,500 crore Via NCDs
- NCC: Reappoints A A V Ranga Raju As MD For Five Years
- ONGC: To Give Rs 10,000 crore Loan To Arm ONGC Videsh
- AstraZeneca Pharma: Appoints Atul Tandon As CFO From Nov. 9
- Bajaj Finance: To Consider Warrant Issue To Bajaj Finserv; To Consider Warrant Issue Price On Nov. 10
- Sula Vineyards: To Enter De-Alcoholised Wine Segment
- Gujarat Energy: Approves Execution Of Long-Term LNG Sourcing Pacts; To Sign Long-Term LNG Sourcing Pacts For Nearly 0.8 MTPA; To Sign Regasification Pact At Mundra LNG
- Kalpataru Projects: Elevates Amit Uplenchwar As Joint MD And CEO-Designate; Appoints Amit Uplenchwar As Joint MD And CEO From Jan. 1
- Dr Agarwal's: Redesignates Aman Agarwal As Executive Chairman For Three Years
- Ashoka Buildcon: Declared L-1 Bidder For Rs 866 crore NHAI Project
- Puravankara: Launches Purva Cityspire Phase 1, 2 And 3
- Veedol Corporation: Rajendra Nath Ghosal Resigns As MD From Nov. 19; Appoints Rohit Ghanshyamdas Totla As MD For Five Years
- Aequs: Approves Allotment Of 2.8 Crore Warrants At An Issue Price Of Rs 231.55 Per Warrant
- Rashi Peripherals: To Raise Up To Rs 900 crore Via Equity
- JNK India: Anand Agarwal Resigns As Interim CFO; Appoints Praveen Sood As CFO From Nov. 12
- Time Technoplast: Reappoints Bharat Kumar Vageria As MD For Five Years
- NLC India: Arm NIRL Signs PPA For 100 MW Wind Power Project With SJVN; Arm NIRL Advances Development Of 200 MW Wind Project
- Welspun Enterprises: Company's Shareholding In NXT Infra MCP Reduced To Zero; NXT Infra MCP To Cease To Be An Associate Of The Company
- Texmaco Rail: Gets Three Orders Aggregating To Rs 429 crore
- GAIL: Arm GAIL Mangalore Petrochemicals Commissions 1.25 MTPA Purified Terephthalic Acid Manufacturing Plant
- Amir Chand Jagdish Kumar: RAVI AMIT JALAN bought 8.50 lk shares at Rs. 242.38 per share
- Anantam Highways Trust: EDELWEISS BROKING bought 22.50 lk shares at Rs. 100 per share
- Technocraft Ventures: LRSD CAPITAL sold 4.07 lk shares at Rs. 507.32 per share
- Restaurant Brand Asia: MONET SECURITIES bought 59.85 lk shares at Rs. 94.82 per share
Earnings Highlights
- Revenue Up 19.8% At Rs 779 crore Vs Rs 650 crore YoY
- Ebitda Down 28.5% At Rs 59.6 crore Vs Rs 83.3 crore YoY
- Ebitda Margin At 7.7% Vs 12.8% YoY
- Net Profit Down 42.3% At Rs 30 crore Vs Rs 52 crore YoY
- Revenue Up 13% At Rs 921 crore Vs Rs 815 crore YoY
- Ebitda Down 9.9% At Rs 102 crore Vs Rs 113 crore YoY
- Ebitda Margin At 11% Vs 13.8% YoY
- Net Profit Down 11.3% At Rs 71 crore Vs Rs 80 crore YoY
- Revenue Up 8.3% At Rs 875 crore Vs Rs 808 crore YoY
- Ebitda Down 19% At Rs 84.6 crore Vs Rs 105 crore YoY
- Ebitda Margin At 9.7% Vs 12.9% YoY
- Net Profit Down 24.1% At Rs 24.5 crore Vs Rs 32.3 crore YoY
- Revenue Up 39.8% At Rs 576 crore Vs Rs 412 crore YoY
- Ebitda Up 51.9% At Rs 143 crore Vs Rs 94.4 crore YoY
- Ebitda Margin At 24.9% Vs 22.9% YoY
- Net Profit Up 66.7% At Rs 90 crore Vs Rs 54 crore YoY
- Revenue Up 26.1% At Rs 1,988 crore Vs Rs 1,577 crore YoY
- Ebitda Up 1.6% At Rs 260 crore Vs Rs 256 crore YoY
- Ebitda Margin At 13.1% Vs 16.2% YoY
- Net Profit Down 5.9% At Rs 127 crore Vs Rs 135 crore YoY
- To Pay Interim Dividend Of Rs 1.5/Share
- Revenue Up 32.9% At Rs 501 crore Vs Rs 377 crore YoY
- Ebitda Up 32.8% At Rs 154 crore Vs Rs 116 crore YoY
- Ebitda Margin At 30.7% Vs 30.8% YoY
- Net Profit Up 34.2% At Rs 98 crore Vs Rs 73 crore YoY
- Revenue At Rs 60,878 crore Vs Estimate Of Rs 60,140 crore
- Ebitda At Rs 34,946 crore Vs Estimate Of Rs 34,406 crore
- Ebitda Margin At 57.4% Vs Estimate Of 57.2%
- Net Profit At Rs 8,888 crore Vs Estimate Of Rs 9,293 crore
- ARPU At Rs 271 Vs Estimate Of Rs 269.6
- Revenue Up 2.9% At Rs 2,582 crore Vs Rs 2,510 crore QoQ
- Ebitda Up 4.2% At Rs 1,377 crore Vs Rs 1,322 crore QoQ
- Ebitda Margin At 53.3% Vs 52.7% QoQ
- Net Profit Up 17.4% At Rs 566 crore Vs Rs 482 crore QoQ
- Revenue At Rs 817.4 crore Vs Rs 338.4 crore YoY
- Ebitda At Rs 75.5 crore Vs Loss Of Rs 74.6 crore YoY
- Net Profit At Rs 67 crore Vs Loss Of Rs 47 crore YoY
- Total Income Up 16.6% At Rs 1,048 crore Vs Rs 899 crore YoY
- Net Profit Up 15.8% At Rs 308 crore Vs Rs 266 crore YoY
- Revenue Up 17.8% At Rs 1,020 crore Vs Rs 866 crore YoY
- Ebitda Up 19.7% At Rs 144 crore Vs Rs 120 crore YoY
- Ebitda Margin At 14.1% Vs 13.9% YoY
- Net Profit Up 23.5% At Rs 105 crore Vs Rs 85 crore YoY
- Total Income Up 22% At Rs 450.5 crore Vs Rs 369 crore YoY
- Net Profit Up 19.7% At Rs 146 crore Vs Rs 122 crore YoY
- Revenue Up 2.4% At Rs 269.3 crore Vs Rs 263 crore YoY
- Ebitda Down 5% At Rs 105 crore Vs Rs 110.5 crore YoY
- Ebitda Margin At 39% Vs 42% YoY
- Net Profit Up 0.4% At Rs 56.2 crore Vs Rs 56 crore YoY
- Revenue Up 2.3% At Rs 3,076 crore Vs Rs 3,006 crore YoY
- Ebitda Down 5.3% At Rs 36 crore Vs Rs 38 crore YoY
- Ebitda Margin At 1.2% Vs 1.3% YoY
- Net Profit Down 16.4% At Rs 23 crore Vs Rs 27.5 crore YoY
- Revenue Up 9.4% At Rs 338 crore Vs Rs 309 crore YoY
- Ebitda Up 2.9% At Rs 36 crore Vs Rs 35 crore YoY
- Ebitda Margin At 10.7% Vs 11.3% YoY
- Net Profit Down 1.7% At Rs 23.5 crore Vs Rs 23.9 crore YoY
- Revenue Up 10.1% At Rs 20,614 crore Vs Rs 18,725 crore YoY
- Ebitda Up 59.1% At Rs 2,984 crore Vs Rs 1,875 crore YoY
- Ebitda Margin At 14.5% Vs 10% YoY
- Net Profit At Rs 2,393 crore Vs Rs 1,120 crore YoY
- Revenue At Rs 745 crore Vs Rs 295 crore YoY
- Ebitda At Rs 152.6 crore Vs Rs 53.5 crore YoY
- Ebitda Margin At 20.5% Vs 18.1% YoY
- Net Profit Up 47.1% At Rs 75 crore Vs Rs 51 crore YoY
- Insurance Revenue Up 2% At Rs 2,720 crore Vs Rs 2,675 crore YoY
- Net Profit Down 31.4% At Rs 142 crore Vs Rs 207 crore YoY
- Revenue Down 29.8% At Rs 4,247 crore Vs Rs 6,046 crore YoY
- Ebitda Down 63.4% At Rs 863 crore Vs Rs 2,359 crore YoY
- Ebitda Margin At 20.3% Vs 39% YoY
- Net Profit Down 56.9% At Rs 263 crore Vs Rs 610 crore YoY
- Revenue Up 46.3% At Rs 256 crore Vs Rs 175 crore YoY
- Ebitda At Rs 29.1 crore Vs Rs 10 crore YoY
- Ebitda Margin At 11.3% Vs 5.7% YoY
- Net Loss At Rs 4 crore Vs Profit Of Rs 11 crore YoY
- One-Time Loss Of Rs 36 crore In Q2
- Revenue Down 21.4% At Rs 287 crore Vs Rs 365 crore YoY
- Ebitda Down 34.6% At Rs 34 crore Vs Rs 52 crore YoY
- Ebitda Margin At 11.8% Vs 14.2% YoY
- Net Profit Down 34.3% At Rs 23 crore Vs Rs 35 crore YoY
- Revenue Up 7.9% At Rs 271 crore Vs Rs 251 crore QoQ
- EBIT At Rs 5.2 crore Vs Loss Of Rs 5.1 crore QoQ
- EBIT Margin At 1.9% In Q2
- Net Profit At Rs 16.4 crore Vs Rs 5.9 crore QoQ
- Revenue Down 0.3% At Rs 1,511 crore Vs Rs 1,516 crore YoY
- Ebitda Down 42.9% At Rs 89 crore Vs Rs 156 crore YoY
- Ebitda Margin At 5.9% Vs 10.3% YoY
- Net Loss At Rs 180 crore Vs Loss Of Rs 110 crore YoY
- Revenue Down 6.7% At Rs 897 crore Vs Rs 961 crore YoY
- Ebitda Down 30.4% At Rs 103 crore Vs Rs 148 crore YoY
- Ebitda Margin At 11.5% Vs 15.4% YoY
- Net Profit Down 52.7% At Rs 22.6 crore Vs Rs 47.8 crore YoY
- Revenue Up 32.4% At Rs 6,015 crore Vs Rs 4,543 crore YoY
- Ebitda Up 34% At Rs 528 crore Vs Rs 394 crore YoY
- Ebitda Margin At 8.8% Vs 8.7% YoY
- Net Profit Up 18.7% At Rs 184 crore Vs Rs 155 crore YoY
- Profit Up 20% At Rs 12,115 crore Vs Rs 10,098 crore YoY
- Premium Income At Rs 1.47 lakh crore Vs Rs 1.27 lakh crore YoY
- Net Premium Income Up 16.2% YoY
- Gross NPA At 1.16% Vs 1.21% QoQ
- Profit Down 9.1% At Rs 15,489 crore Vs Rs 17,034 crore QoQ
- Revenue Down 5.6% At Rs 43,875 crore Vs Rs 46,460 crore QoQ
- Ebitda Down 12.3% At Rs 24,860 crore Vs Rs 28,355 crore QoQ
- Ebitda Margin At 56.7% Vs 61% QoQ
- To Pay First Interim Dividend Of Rs 8/Share
- Revenue Up 30.4% At Rs 729 crore Vs Rs 559 crore YoY
- Ebitda Up 26.6% At Rs 95.1 crore Vs Rs 75.1 crore YoY
- Ebitda Margin At 13% Vs 13.4% YoY
- Net Profit Up 14.9% At Rs 62.3 crore Vs Rs 54.2 crore YoY
- Revenue Up 32.2% At Rs 1,091 crore Vs Rs 825 crore YoY
- Ebitda Up 47.9% At Rs 211 crore Vs Rs 142 crore YoY
- Ebitda Margin At 19.3% Vs 17.3% YoY
- Net Profit Up 51.7% At Rs 108 crore Vs Rs 71.2 crore YoY
- Revenue Up 18.1% At Rs 1,266 crore Vs Rs 1,072 crore YoY
- Ebitda Up 28.1% At Rs 112 crore Vs Rs 87.6 crore YoY
- Ebitda Margin At 8.9% Vs 8.2% YoY
- Net Profit Up 18.4% At Rs 45 crore Vs Rs 38 crore YoY
- Revenue Up 4.1% At Rs 1,342 crore Vs Rs 1,289 crore YoY
- Ebitda Down 32.2% At Rs 213 crore Vs Rs 314 crore YoY
- Ebitda Margin At 15.9% Vs 24.4% YoY
- Net Profit Down 37.7% At Rs 190 crore Vs Rs 305 crore YoY
- To Pay Interim Dividend Of Rs 10/Share
- Total Income Up 27% At Rs 733 crore Vs Rs 577.3 crore YoY
- Net Profit At Rs 111 crore Vs Rs 30.5 crore YoY
- Revenue Up 2.9% At Rs 135 crore Vs Rs 131 crore YoY
- Ebitda Up 3.8% At Rs 27.1 crore Vs Rs 26.1 crore YoY
- Ebitda Margin At 20.1% Vs 19.9% YoY
- Net Profit Up 33.3% At Rs 8 crore Vs Rs 6 crore YoY
- Revenue Up 0.8% At Rs 9,621 crore Vs Rs 9,545 crore QoQ
- Ebitda Down 38.9% At Rs 844 crore Vs Rs 1,381 crore QoQ
- Ebitda Margin At 8.8% Vs 14.5% QoQ
- Net Profit Down 50.1% At Rs 498 crore Vs Rs 999 crore QoQ
- Revenue Up 11.4% At Rs 2,756 crore Vs Rs 2,474 crore YoY
- Ebitda Up 13.5% At Rs 194 crore Vs Rs 171 crore YoY
- Ebitda Margin At 7% Vs 6.9% YoY
- Net Profit Down 4.6% At Rs 115 crore Vs Rs 120 crore YoY
- Revenue Up 10% At Rs 2,463 crore Vs Rs 2,239 crore YoY
- Ebitda Down 15.9% At Rs 326.3 crore Vs Rs 388 crore YoY
- Ebitda Margin At 13.3% Vs 17.3% YoY
- Net Profit Down 47.7% At Rs 40.4 crore Vs Rs 77.3 crore YoY
- Revenue Up 23.6% At Rs 361 crore Vs Rs 292 crore YoY
- Ebitda Up 7.9% At Rs 51.8 crore Vs Rs 48 crore YoY
- Ebitda Margin At 14.3% Vs 16.4% YoY
- Net Profit Flat At Rs 26 crore YoY
- Revenue Up 31.3% At Rs 655 crore Vs Rs 499 crore YoY
- Ebitda Up 28.8% At Rs 176 crore Vs Rs 137 crore YoY
- Ebitda Margin At 26.9% Vs 27.4% YoY
- Net Profit Up 57.1% At Rs 55 crore Vs Rs 35 crore YoY
- Revenue Up 15.6% At Rs 5,598 crore Vs Rs 4,841 crore YoY
- Ebitda Up 7.1% At Rs 1,023 crore Vs Rs 955 crore YoY
- Ebitda Margin At 18.3% Vs 19.7% YoY
- Net Profit Up 10.2% At Rs 721 crore Vs Rs 654 crore YoY
- Revenue Down 18.7% At Rs 1,505 crore Vs Rs 1,851 crore YoY
- Ebitda Down 64.1% At Rs 210.1 crore Vs Rs 585 crore YoY
- Ebitda Margin At 14% Vs 31.6% YoY
- Net Loss At Rs 119 crore Vs Profit Of Rs 78.1 crore YoY
- One-Time Loss Of Rs 319 crore In Q2
- Revenue Up 78.2% At Rs 1,592 crore Vs Rs 894 crore QoQ
- EBIT Up 34.9% At Rs 352 crore Vs Rs 261 crore QoQ
- EBIT Margin At 22.1% Vs 29.2% QoQ
- Net Profit Up 10.1% At Rs 213 crore Vs Rs 194 crore QoQ