Indian benchmark indices continued their correction for the sixth consecutive session on November 14, with Nifty closing below 23,550.
Selling pressure persisted across FMCG, PSU Bank, and oil & gas sectors, with these indices declining by 0.3-1 percent.
Conversely, sectors like auto, media, and realty witnessed gains, rising between 0.6-2 percent, reflecting some buying interest in select areas of the market.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY METAL
1.9
NIFTY REALTY
0.6
NIFTY FMCG
1.0
NIFTY BANK
0.4
NIFTY PSU BANK
0.7
NIFTY FINANCIAL SERVICES
0.3
NIFTY AUTO
0.6
NIFTY CONSUMER DURABLES
0.2
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,400
23,900
Bank Nifty
49,500
51,000
Top News
Muthoot Finance surged nearly 8% after reporting strong quarterly profit growth, crossing the Rs 1 lakh crore AUM milestone, and benefiting from robust gold loan demand due to RBI’s restrictions on unsecured lending.
NALCO and other metal stocks rallied as China’s decision to reduce or cancel export tax rebates on select aluminium and copper products raised expectations of tighter global supply and higher prices.
Honasa Consumer, the parent of Mamaearth, hit a 20% lower circuit as weak Q2 earnings showed its first loss in five quarters, pushing shares below the IPO price of Rs 324.
Enviro Infra Engineers to open IPO on Nov 22
Paramesu Biotech files draft papers for Rs. 600 crore IPO
Niva Bupa Healthcare shares list at 6% premium over IPO price
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