After opening the day on a positive note, Indian share markets reversed the trend as the session progressed and ended the day weak.

Indian benchmark indices traded in the red on Tuesday, weighed down by banking, financial, and auto stocks, amid disappointing earnings and foreign outflows.

At the closing bell, the BSE Sensex stood lower by 821 points (down 1%).

Meanwhile, the NSE Nifty closed lower by 258 points (down 1.1%).

Trent, Infosys, and Reliance Industries were among the top gainers today.

NTPC, HDFC Bank, and Asian Paints on the other hand, were among the top losers today.

The GIFT Nifty ended at 23,937 down by 284 points.

Broader markets ended the day on a negative. The BSE Mid Cap ended 0.9% lower and the BSE Small Cap index ended 1.2% lower.

Sectoral indices are trading negatively with stocks in the auto sector, banking sector, and capital goods sector witnessing selling pressure.

Shares of Coforge, Federal Bank, and Mastek hit their respective 52-week highs today.

The rupee is trading at 84.39 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 74,800 per 10 grams.

Meanwhile, silver prices are trading 0.8% lower at Rs 88,505 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 Drop in Asian market

Asian stocks fell on Tuesday, led by declines in Chinese markets and semiconductor shares, as investors expressed concerns over U.S. President-elect Donald Trump's policies.

Meanwhile, bitcoin surged to a record high, fueled by expectations that assets benefiting from the new administration will perform well. Markets are optimistic that Trump's second term will bring tax cuts and reduced regulations, boosting equities.

#2 FII Outflow

On 11 November, foreign institutional investors (FIIs) maintained their selling trend, offloading equities worth Rs 23.1 bn. Meanwhile, so far in November, FIIs have sold equities worth Rs 235.5 bn, following the Rs 940.2 bn worth of equities sold in October.

#3 Oil Drifts

Oil prices were little chnaged on Tuesday, awaiting further direction from OPEC's monthly report, as investor concerns over China's new stimulus plan and ongoing oversupply issues weighed on sentiment.Brent crude futures edged up 4 cents to US$ 71.87 per barrel by 0745 GMT, while US West Texas Intermediate crude futures slipped by 1 cent to US$ 68.03 per barrel.

#4 The Rupee Factor

The Indian rupee hit an all-time low on Tuesday, pressured by a decline in the Chinese yuan and other regional peers as the U.S. dollar continued its rally following Donald Trump's victory in the U.S. elections.

#5 October Inflation Data

Analysts expect October's inflation data, due after the market's close, to rise to around 5.8%, a 14-month high. This data is crucial as it may provide insights into the economy's condition and determine whether the Indian central bank will proceed with a 0.3% rate cut in December.
 

HG Infra Engineering Tanks 8%. Here's Why

In news from the engineering sector, shares of HG Infra Engineering tanked 8% to Rs 1,180 in morning trade on November 12 after the company reported a 16% year-on-year drop in net profit, coming in at Rs 807 m. In the same period last year, the company recorded Rs 961 m in net profit.

Revenue from operations declined by 5.5% to Rs 9 bn, compared to Rs 9.5 bn a year earlier.

At the operational level, EBITDA saw a slight dip, down 0.3% to Rs 2.1 bn from Rs 2.2 bn in Q2 FY24.

The EBITDA margin, however, improved to 24.3% from 23% in the previous year. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.

In August, HG Infra secured the lowest bid for a road upgrade project in Gujarat, which spans a 10.63-km stretch along National Highway 47. The Rs 7.8 bn bid was lower than the estimated project cost of Rs 8.8 bn set by the Ministry of Road Transport and Highways.

The project will be developed under the hybrid annuity model, with a construction timeline of around 2.5 years.

Headquartered in Rajasthan, HG Infra provides infrastructure construction services, including highways, roads, bridges, and civil projects, as well as land development and water pipeline projects.

OnMobile Targets 50% Revenue From Gaming

Moving on, shares of infotainment company Onmobile Global are higher by 4% after the company said it is targetting US$ 2 m in monthly recurring revenue (MRR) from mobile gaming alone in the next 18-24 months, double the current value.

The management is also aiming to make mobile gaming 50% of OnMobile's revenue by next fiscal.

Currently, gaming is the fastest-growing revenue segment for the company. Going forward, by Q4FY26, OnMobile is targetting to double its subscription revenue in the mobile gaming vertical.

The company has nearly doubled its active gaming subscribers to 8.49 million in five quarters.

OnMobile shared key industry trends in the global gaming business, which it says is poised to reach US$ 665 bn in size by 2030 at a CAGR of 13.2%.

Within gaming, mobile is the fastest-growing segment globally, contributing 50% to the gaming revenue. 63% of the mobile app revenue comes from gaming.

The company has also signed a pact with DeOSphere for advanced gaming services, using its operating system on OnMobile's infrastructure, which it says will deliver unprecedented streaming performance.

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