Post Market Update- Sensex down 240 pts, Nifty close below 23,500.

Stocks in the news-

1. L&T Tech collaborates with Colorado Smart Cities Alliance for smart city development projects.

2. RVNL gets LoA for an EPC contract worth Rs. 295 crores from South Central Railway.

Indian indices-

The benchmark indices ended lower on November 18, led by weak global cues. Investor sentiments were dampened by concerns over the US Fed potentially slowing interest rate cuts, disappointing Q2 earnings, persistent foreign outflow. At the end Sensex fell by 0.31% or 241.30 points to 77,339.01. The Nifty dipped by 0.34% or 78.90 points to 23,453.80.

Rupee ended at 84.39/$ against November 14 close of 84.40/$.

Buzzing stocks on BSE-

1. KPI Green Energy gained 3.88% to Rs. 780, as board approved second bonus issue for FY25.

2. Anupam Rasayan India fell by 3.12% to Rs. 711.60, as net profit slipped by 37.11% YoY to Rs. 30.62 crore for the Quarter ended September 30, 2024.

3. Avanti Feeds surged by 4.94% to Rs. 610, as Q2 net profit rose 53.2% YoY to Rs. 113.7 crore for the Quarter ended September 30, 2024.

4. Fusion Finance hits 5% lower circuit at Rs. 169, as firm reported net loss of Rs. 305.04 crore in Q2.

Global Signals-

Asia markets mixed as investors await China LPR, Japan inflation data this week.

European markets fell as investors look to regional data, Nvidia earnings due this week.