
A very important and alert news is coming out for investors from the corridors of the Indian stock market and financial world. After the tremendous growth and recovery seen in the Indian markets for six consecutive trading sessions, today i.e. Friday, November 6, the market is likely to have a weak start. Heavy selling signals and weak trends coming from the global markets have increased the concern of investors. The fall of about 159 points or 0.65 percent in GIFT Nifty is indicating that the movement of Sensex and Nifty may remain under pressure today. Although there may be initial signs of weakness in the market, due to the excellent Q2 results and corporate updates of many big companies, there is going to be strong movement and trading action in specific stocks. Let us know in detail which global factors will have an impact on today’s business and which major stocks should be kept a close eye on by investors.
Impact of heavy selling in American markets, tremendous pressure seen in technology stocks on Wall Street
The biggest concern and challenge for the Indian stock market today is coming from the international markets, especially the American markets. In Thursday’s session, US stock markets witnessed a huge sell-off, contrary to expectations, which shook investors around the world. Heavy profit booking and pressure was recorded on Wall Street mainly in the shares of companies related to technology, Artificial Intelligence (AI) and semiconductor sectors.
If we look at the data of major indices of the American market:
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US stock market giants index Dow Jones A massive fall of more than 1,800 points was recorded in a single day.
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major index of technology stocks Nasdaq Composite Fell by about 5.5 percent.
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representing the mass market S&P 500 The index also closed with a weakness of about 4.4 percent.
Experts say that this sharp decline in the American markets has almost completely neutralized the positive momentum created after the recent midterm elections. The psychological impact of this turmoil in American tech stocks is certain to have an impact on the Indian market today as well.
The market had shown great momentum in the last session, but it is still a distance from the record high.
Just before this, on Thursday, a tremendous and historic recovery was seen in the Indian stock market. Major sensitive index of Bombay Stock Exchange on the fourth trading day of the week BSE Sensex It closed at the level of 79,310.01 with a huge jump of 2,008.61 points or 2.60 percent. At the same time, the National Stock Exchange’s Nifty 50 (NSE Nifty 50) also did not lag behind and registered a strong gain of 576 points i.e. 2.40 percent, after which it closed at the level of 24,536.60.
Interestingly, with this strong rise, the market continued to register gains for the sixth consecutive trading session. However, despite such a huge recovery, investors need to keep in mind that the Sensex is still trading about 6,849 points below its previous all-time record high and the Nifty is 1,822 points below its previous all-time record high. This is the reason why the risk of profit booking increases in the market as global signals weaken.
Investors will keep a special eye on these major stocks today (Stocks to Watch Today)
In this trading session of Friday, many big and medium companies have declared their second quarter (Q2 FY27) financial results, on the basis of which tremendous action can be seen in these stocks today:
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Bharti Airtel: The performance of the country’s leading telecom company Bharti Airtel in the second quarter has been quite excellent. The company’s consolidated net profit has jumped 31 percent year-on-year to Rs 8,887.5 crore, compared to Rs 6,791.6 crore in the same quarter last year.
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LIC (Life Insurance Corporation of India): The consolidated net profit of the country’s largest insurance company LIC in the September quarter increased by almost 20 percent to Rs 12,114.78 crore. Better premium income and investment returns have provided a strong foundation to the company’s results.
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Titan Company: The quarterly results of Titan, the leading lifestyle and retail company of the Tata Group, have been excellent. The company’s consolidated net profit in Q2 FY27 jumped by a massive 54 per cent year-on-year to Rs 1,722 crore. The company has gained this growth due to strong demand from jewellery, premium watches and eyewear segments.
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ONGC: The September quarter performance of state-owned Oil and Natural Gas Corporation (ONGC) may also attract investors. The company’s Consolidated Profit After Tax (PAT) grew by a huge 46.9 per cent to Rs 18,534.82 crore as against Rs 12,614.60 crore in the same quarter of the last financial year.
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Glenmark Pharma: Glenmark Pharma’s second quarter results have been weak. The company’s net profit has fallen by 56.7 percent to Rs 264 crore, and its revenue has also declined by about 29.8 percent. Apart from this, the company’s EBITDA has also declined by 63.4 percent to Rs 864 crore.
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Vedant Fashions: Celebration wear segment leader Vedanta Fashions’ net profit stood at Rs 56.2 crore with a slight growth of 0.36 per cent year-on-year, while the total revenue of the company registered a slight growth of 2.4 per cent.
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Britannia Industries: Consolidated net profit of FMCG sector giant Britannia Industries increased by 10.8 percent to Rs 726 crore, and the total revenue of the company also increased to Rs 5,598 crore.
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Bikaji Foods: Bikaji Foods’ net profit declined by 11.3 percent to Rs 70.78 crore in the September quarter, although the company’s revenue from operations registered a good growth of 13.1 percent.
Quarterly results of these companies will also come today, market movements will be monitored
On the corporate front, today many other big companies are also going to announce their September quarter financial results. mainly among these Hindalco Industries, Siemens, Aster DM Healthcare, Gland Pharma, Jubilant FoodWorks, Cholamandalam Financial Holdings, Data Patterns And Great Eastern Shipping Companies like. With the official announcement of results, huge fluctuations and trading volumes can be seen in the shares of all these companies. Investors are advised to thoroughly review the global markets trend and the fundamentals of the companies before creating any positions in today’s session.
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