Indian share markets witnessed negative trading activity throughout the day today and ended lower.

Benchmark indices came under pressure today after inflation in the US hit a 30-year high, raising fears of an earlier-than-expected hike in interest rates in the world's largest economy.

Such worries could intensify foreign outflows and trigger high volatility in emerging markets such as India.

At the closing bell, the BSE Sensex stood lower by 433 points (down 0.7%).

Meanwhile, the NSE Nifty closed lower by 144 points (down 0.8%).

Titan and Hindalco were among the top gainers today.

ONGC and SBI, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,922, down by 100 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended down by 0.6% and 0.5%, respectively.

Sectoral indices ended on a negative note with stocks in the realty sector, banking sector, and healthcare sector witnessing most of the selling pressure.

Consumer durables and power stocks, on the other hand, witnessed buying interest.

Shares of Bata India and Sheela Foam hit their respective 52-week highs today.

Asian stock markets ended on a positive note today.

The Hang Seng and the Shanghai Composite ended up by 1% and 1.2%, respectively. The Nikkei ended up by 0.6% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading up by 40 points.

The rupee is trading at 74.50 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.8% at Rs 49,264 per 10 grams.

In news from the engineering sector, Thermax was among the top buzzing stocks today.

Thermax's share price jumped 17% on the BSE, a day after the company declared its September quarter earnings.

The energy and environment solutions company on 10 November 2021 reported a 183% year-on-year (YoY) spike in profit after tax (PAT) to Rs 880 m for the quarter ended 30 September 2021. It had reported a profit of Rs 310 m in the same quarter of the financial year 2021.

The company posted a 29% YoY rise in consolidated operating revenue to Rs 14.7 bn during the September quarter.

It said last year, exceptional items including a voluntary retirement scheme, impairment of certain assets of Boiler works A/S, and provision for closure of German subsidiary claims had impacted the results during the second quarter of the last year.

The firm had booked orders worth Rs 18.7 bn, a jump of 67% YoY growth over orders booking during the Covid-hit quarter. Thermax Group had an order balance of Rs 65.2 bn, up 26 %.

In this quarter, Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of Thermax, has concluded a Rs 2.9 bn order for a boiler package comprising three oil & gas fired boilers on an EPC basis for a refinery and petrochemical complex in western India.

Thermax is an Indian engineering company, involved in energy and environment, headquartered in Pune. Thermax's business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals.

Thermax's share price ended the day up by 14.5% on the BSE.

Moving on to news from the textiles sector...

Garments maker Page Industries reported a net profit of Rs 1.6 bn for the quarter ended September, beating Street estimates by a wide margin. The net profit was up 44.7% on a YoY basis.

Bengaluru-based Page Industries' revenue increased 46.4% to Rs 10.8 bn for the three-month period, compared to that of Rs 7.4 bn in the same period a year ago.

Sunder Genomal, Managing Director of Page Industries said,

• As we announce our highest-ever revenue and PAT this quarter, we remain confident to deliver on the long-term growth prospects of the company.
  
  I am pleased to share that the sales momentum has picked up significantly after the setbacks of the global pandemic.

The company saw increased momentum in sales across product categories backed by expansion in its portfolio and its existing network.

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 41.1% YoY to Rs 2.3 bn.

Its EBITDA margin came in at 21.5% in the July-September period against 22.3% in the year-ago period.

The company's board declared an interim dividend of Rs 150 per equity share.

Page Industry's share price ended the day up by 0.9% on the BSE.

Speaking of stocks, here is an illustration of the four phases that stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.