FIRST TRADE: Sensex down over 200 pts, Nifty below 19,400; Titan down over 1%

Stock market today: The domestic equity indices Sensex and Nifty opened lower on Friday, November 10, tracking a drop in global stocks after US Federal Reserve Chair Jerome Powell said that the central bank was not confident that interest rates were high enough to tame inflation.

Last seen, the S&P BSE Sensex was down 185.37 points, or 0.29 per cent, at 64,646.83, and the NSE Nifty was down 43.2 points, or 0.22 per cent, at 19,352.1 levels.

The Nifty Mid Cap 100 and Small Cap 100 opened lower.

On the sectoral front, high-beta Nifty Bank was down 0.38 per cent at 43,519.2.

BUZZING STOCKS 

Muthoot Finance shares slipped over 6 per cent a day after posting its September quarter results, which missed estimates.

Aditya Birla Fashion shares were down over 5 per cent a day after the company announced weak Q2 numbers.

Senco Gold was down nearly 5 per cent the company recorded a fall in margin.

Piramal Enterprises shares were down over 3 per cent a day after the company announced its Q2 numbers.

NBCC (India) shares were down over 2 per cent after posting a mixed Q2.

Lemon Tree Hotels shares were down over 2 per cent after posting a mixed Q2.

Dhanlaxmi Bank shares were down over 2 per cent after posting mixed Q2 numbers.

RVNL shares traded over 1 per cent down after the company posted mixed Q2.

Nazara Technologies shares were down over 1 per cent after the company in the Q2 period missed on its topline.

Conversely, Force Motors shares were up 5 per cent after the company's net profit surged steeply to Rs 93.9 crore.

BEML shares traded over 3 per cent higher after posting Q2 results.

eClerx Services shares were up over 3 per cent after the company posted good overall numbers for Q2.

Engineers India shares were up over 2 per cent a day after the company posted its Q2 results.

GLOBAL MARKETS 

Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury yields weighed on sentiment after hawkish comments from U.S. Fed Chair Jerome Powell extinguished expectations of a peak in interest rates.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 per cent to a one-week low of 486.39, while Japan's Nikkei was 0.50 per cent lower.

(With agency inputs) 

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