Stock Market Today: The equity benchmark indices opened lower on Tuesday, November 5, but some buying interest emerged in metals and commodities. The BSE Metal index gained 0.71%, trading at 31,186.98. Early signs of recovery were seen after a weak start.
At 9:22 AM, the S&P BSE SENSEX was down 43.32 points at 78,738.92, a 0.05% decline, while the NIFTY50 slipped by 6 points to 23,989.25, down 0.03%. HDFC Bank led the losses on the SENSEX, down by 1%, while JSW Steel topped the gainers, rising by 2%. On the NSE, other top performers included Hindalco, Tata Steel, Sun Pharma, and HCL Tech, while BEL, Adani Ports, HDFC Bank, HDFC Life, and Power Grid were among the top losers.
In individual stock movements, Raymond’s shares surged 4.5% to ₹1,762.30 after reporting a 63% drop in net profit to ₹59.01 crore in Q2, though total income grew to ₹1,100.70 crore. Hatsun Agro Products rose 13% on the BSE after a 17% year-on-year decline in net profit to ₹64.32 crore.
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Foreign Institutional Investors (FIIs) remained net sellers, offloading ₹4,329 crore in Indian equities on Monday, while Domestic Institutional Investors (DIIs) bought ₹2,936 crore.
Globally, markets were cautious amid the ongoing U.S. elections. Oil prices remained high, with Brent crude at $75.08 a barrel following a 3% jump. Japan’s Nikkei gained 1.3% after returning from a holiday.
