After opening the day on a negative note, Indian share markets continued the downtrend as the session progressed and ended the day weak.

Benchmark equity indices, the BSE Sensex and NSE Nifty retreated from yesterday's closing and ended lower by over 1% each ahead of the US Federal Reserve's monetary policy rate decision announcement scheduled for later today.

At the closing bell, the BSE Sensex stood lower by 836 points (down 1%).

Meanwhile, the NSE Nifty closed lower by 284 points (down 1.2%).

Apollo Hospital, TCS, and L&T were among the top gainers today.

Hindalco, Trent, and Tech Mahindra on the other hand, were among the top losers today.

The GIFT Nifty ended at 24,280 down by 293 points.

Broader markets ended the day on a negative. The BSE Mid Cap ended 0.7% lower and the BSE Small Cap index ended 0.4% lower.

Sectoral indices are trading negatively with stocks in the metal sector, power sector, and telecom sector witnessing selling pressure.

Shares of Coforge, Apollo Hospitals, and Kaynes Tech hit their respective 52-week highs today.

The rupee is trading at 84.38 against the US$.

Gold prices for the latest contract on MCX are trading marginally lower at Rs 76,550 per 10 grams.

Meanwhile, silver prices are trading marginally lower at Rs 90,684 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 The MAGA Effect

The Republican slogan of 'Make America Great Again' is expected to drive stronger growth in the US, potentially benefiting US markets more than other emerging markets like India.

#2 FII Outflow

A stronger dollar is expected to intensify FII outflows from India. In fact, during Wednesday's session, FIIs were observed withdrawing over Rs 44 bn from the Indian stock market.

#3 Rate Cut Cycle

A rise in US bond yields may impact the US Federal Reserve's plan to cut interest rates. If the US rate-cutting cycle is slower than anticipated, it could also lead to a more gradual rate-cutting cycle in India.

#4 The Rupee Factor

The Indian rupee declined to a lifetime low of 84.2 against the US dollar on Thursday, amid expectations that Trump's victory is likely to boost the dollar in the coming months.

#5 Higher Yields

Trump's policies on enacting higher tariffs on imports to stoke inflation, putting upward pressure on US yields and slowing the pace of rate cuts. US bonds have already risen by 15 basis points (bps) over the past week.
 

Why FirstCry Share Price is Falling

Moving on, shares of Brainbees Solutions, which operates the omnichannel kidswear brand FirstCry, fell over 2% on 7 November as the company said it faces an investigation by the GST department in Mumbai.

The company said the inspection happened under sub-section (1) / search under sub-section (2) of Section 67 of MGST Act 2017.

The company said it is cooperating with the officials and is responding to all the clarifications and details sought by them and that this has not impacted the operations of the company, which are continuing as usual.

The company has consistently upheld high standards of integrity, corporate governance, and compliance across all its operations, including the timely payment of applicable taxes. It remains dedicated to maintaining these standards. The company will provide material updates on this matter to the stock exchanges, as required.
 

JK Lakshmi Cement Tumbles 4%. Here's why

Moving on to news from the cement sector, shares of JK Lakshmi Cement fell nearly 4% after the company reported a consolidated net loss of Rs 140 m for Q2 FY25, compared to a profit of Rs 927 m in the same period last year. Revenue from operations also declined by 22% YoY to Rs 12.3 bn.

Looking ahead, the company highlighted the positive impact of increased government spending on infrastructure, especially in housing and road development, which could benefit the cement sector.

JK Lakshmi is ramping up its capacities. Its subsidiary, Udaipur Cement Works, recently doubled its clinker production to 3 million tonnes annually, and further expansions are underway. These projects include increasing grinding capacity at the Surat unit and new developments at the Durg plant, backed by loans and internal funds.

A major player in Northern, Western, and Eastern India's cement markets, JK Lakshmi is part of the JK Organisation, a 135-year-old organisation with operations in India and abroad and a presence in the fields of tyre, cement, paper, power transmissions, sealing solutions, dairy products and textiles.

Chambal Fertilisers Share Price Jumps 5%

Moving on to news from the fertiliser sector, shares of Chmabal Fertilisers and Chemicals rose as much as 5.5% on November 7, after the company reported a sharp jump in its net profit for the September quarter, despite a dip in its quarterly revenue.

The agrochemical company's net profit for the quarter soared nearly 41% on year to Rs 5.4 bn in Q2, up from Rs 3.8 bn in the year-ago period. The sharp surge in the bottom line was aided by a significant improvement in operational performance.

EBITDA margin for the agrochemical player expanded sharply to 18.2% in the quarter gone by, as compared to 11.4% in the prior-year period.

On the other hand, revenue dipped over 19% year-on-year to Rs 43.5 bn in Q2, as against Rs 5,385.5 crore in the year-ago period.

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