Shares of oil marketing companies (OMCs) dropped up to 5% on November 4 after Goldman Sachs issued a bearish outlook on the sector. Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) fell short of Q2FY25 expectations, with Goldman analysts citing weak marketing and refining performance as key contributors.

Anurag Singh, Managing Partner at US-based Ansid Capital, believes that a Trump victory in the US election 2024 could have positive effects on global markets. Trump’s return to the White House could prompt a shift toward resolving major conflicts, including the Russia-Ukraine war and tensions in the Middle East. "If Trump comes, we can pretty much assume that all the wars and geopolitical risks.

Titan‘s share price was deep in the red on Monday morning ahead of the company’s earnings for the quarter ended September scheduled to be released on Tuesday. The company’s consolidated revenue is expected to jump around 16% year–on-year to ₹14,511 crore with a net profit of ₹1,102 crore. What To Expect: Motilal Oswal expects Titan's standalone revenue growth to reach 20% year on year.

Welspun Corp announced on November 4 that it has secured two major orders in the US, totaling ₹1,300 Crore, for the supply of coated HSAW pipes for natural gas pipeline projects. At the time of writing on November 4, 2024 at 11:49 am, shares of Welspun Corp is trading at ₹729.55 which is a 0.52% dip than the previous close. Welspun Corp stock has gained a total of 62% in the last one year.

Reliance Industries share price plummeted by 4% on Monday, reaching a nine-month low amid heavy selling pressure. This sharp decline has turned Reliance shares’ year-to-date (YTD) returns negative.During intraday trading on the BSE, RIL stock price dropped by as much as 4.03%, hitting a low of ₹1,285.10 per share, with the company’s market capitalization shrinking.

Hero Motocorp's shares fell 4.5% despite reporting 18% year-over-year growth in October sales to 679,091 units, driven by robust demand in urban and rural areas, particularly in the 100cc and 125cc segments. The company's electric vehicle brand, VIDA, achieved its highest-ever monthly dispatches, reaching 8,750 units.

Shares of Ashok Leyland dropped over 3 percent on November 4 following a slight dip in October sales figures.cAs of 11:10 AM, the stock traded 2 percent lower at Rs 204. While it has gained 10 percent year-to-date, in line with Nifty 50's performance, Ashok Leyland has posted monthly losses from August through October. The company reported total vehicle sales of 15,310 units in October 2024.

Stock market today: After making a weak debut on the BSE and the NSE, Afcons Infrastructure’s share price witnessed strong buying interest among the Indian stock market bulls. Afcons Infrastructure’s share price is listed on the BSE at ₹430.05 apiece, whereas, on the NSE, it opened at ₹426 per equity share. However, the newly listed stock witnessed strong buying interest.

Indian defence manufacturers' share prices have declined up to 42% from July 2024 highs, despite strong domestic and export orders, due to high valuations; analysts expect near-term underperformance, but remain optimistic about the sector's long-term prospects driven by government modernization efforts and rising geopolitical stress.

Tata Power plans to develop two pumped storage assets in Maharashtra with a combined capacity of 2.8 gigawatts, utilizing its captive hydropower plants to gain a competitive edge in the renewable energy market. The company's captive assets could potentially deliver up to 48 gigawatts of round-the-clock renewable power when combined with solar and wind power plants.

AIA Engineering's consolidated sales declined 19% YoY to ₹10.4 bn, missing expectations, due to a 22% fall in volumes, inventory de-stocking, and increased freight costs. Despite improved gross margins, profit after tax decreased 21% YoY to ₹2.6 bn. The company anticipates a reduction in FY25 volumes, but maintains strong medium to long-term prospects.

The Nifty 50 has fallen 9% from its record high, with 48 out of 50 constituents trading with losses, and nearly half experiencing losses of 10% or more, driven by earnings disappointments from companies like IndusInd Bank, Bajaj Auto, Tata Consumer Products, Maruti Suzuki, Nestle India, and Hindustan Unilever.

The Government of India has invited application from candidates to fill up a deputy governor's post at the Reserve Bank of India (RBI) by November 30, the central bank said in a release.The appointment will be for a period of three years and the person will be eligible for re-appointment, the release said. The central bank said persons who have at least 25 years of work experience in public admin.

A rush for greenfield projects seems to have left the sale of 20 giga watts (GW) of green power assets in limbo. Experts and industry stakeholders blame it on a shift in interest in the investor community which is taking a toll on the coffers of the developers by slowing down sales and consequent recycling of capital into new projects.

Shares of Bharti Airtel Ltd. are trading down by over 2% and are contributing the most to Nifty’s losses on Monday, November 4. This decline comes despite brokerage firm DAM Capital initiating coverage on the stock with a 'Buy' rating and a price target of ₹1,970 per share. The price target ascribed by DAM Capital, implies a potential upside of nearly 22% from the stock's last closing levels.