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

Benchmark equity indices, BSE Sensex and NSE Nifty50, lost steam and ended lower by over 1 percent each on Wednesday.

At the closing bell, the BSE Sensex stood lower by 984 points (down 1.3%).

Meanwhile, the NSE Nifty closed lower by 283 points (down 1.2%).

NTPC, HUL, and Tata Motors were among the top gainers today.

Hindalco, M&M, and Eicher Motors, on the other hand, were among the top losers today.

The GIFT Nifty ended at 23,654 down by 284 points.

Broader markets ended the day on a negative. The BSE Mid Cap ended 2.6% lower and the BSE Small Cap index ended 3.1% lower.

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

The rupee is trading at 84.39 against the US$.

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 75,077 per 10 grams.

Meanwhile, silver prices are trading 0.9% higher at Rs 90,087 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 Index Heavyweight Stocks Fall

In the Sensex pack, only five stocks were in the green - NTPC, ITC, Tata Motors, Titan and HUL - while the remaining 25 traded in the red. Tata Steel, M&M, JSW Steel, Adani Ports, and PowerGrid were the top losers.

All sectoral indices were in the red for the day.

#2 Rupee Weakness

The rupee depreciated by 1 paisa, reaching a historic low of 84.40 against the US dollar in early trading on Wednesday. Persistent foreign fund outflows and a strong dollar weighed on the local currency. Forex traders observed significant volatility in the USDINR pair, with the rupee edging closer to its all-time low.

#3 Continued FPI Selling

Foreign Portfolio Investors (FPIs) continued their selling spree for the 32nd consecutive session, offloading shares worth Rs 3.6 bn on Tuesday, bringing total outflows for November to Rs 239.1 bn.

October saw a major exodus of Rs 1.1 tn worth of Indian stocks, as concerns over extreme valuations, slower-than-expected earnings, and weak economic indicators dampened investor sentiment.

#4 Concern Over Delay in Rate Cuts

While central banks globally, including the US Federal Reserve, have begun reducing interest rates, the Reserve Bank of India (RBI) has kept rates unchanged. Inflation remains a key concern, with rising food prices due to the extended monsoon and crop damage.
 

Nazara Tech Shares Gain. Here's Why

In news from the tech sector, shares of Nazara Technologies gained over 3% in trade on November 13 on tying up with Open Network for Digital Commerce (ONDC).

Nazara Tech and ONDC will launch an in-game monetisation platform designed to help game developers boost their monetisation efforts.

Called gCommerce, the platform will enable developers to integrate e-commerce within games, thereby providing them with new revenue streams. The company said the platform is currently in soft launch and will be rolled out to game developers starting Q1- FY26.

Game developers will have access to a wide range of sellers across 10 categories. They will also earn a commission for every successful transaction initiated by players through the gCommerce platform.

Nazara Technologies CEO Nitish Mittersain said this initiative is a significant step forward in the company's strategy to help game developers with effective monetisation solutions.

Nazara Technologies shares have seen a lot of volatility over the past year, ultimately rising around 8% in trade. On the other hand, the benchmark Nifty 50 has gained around 25% during the same time period.

Why Cello World Share Price is Falling

Moving on, shares of Cello World dropped nearly 6% on November 13 as the company posted flat earnings for Q2FY25, amidst challenges in export demand.

Although Cello World has gained just over 2% year-to-date, it has underperformed compared to the Nifty 50, which has risen 9% in the same period. Today marks the fourth consecutive day of decline for Cello World.

Cello World's consolidated net profit for the quarter ended September rose by 0.2% year-on-year but declined by over 2% quarter-on-quarter to Rs 81.6 crore. Revenue from operations for Q2FY25 decreased by 6% year-on-year and by 1% quarter-on-quarter to Rs 4.9 bn.

Cello World's EBITDA for Q2FY25 was flat year-on-year at Rs 1.3 bn, with the EBITDA margin steady at 23.9% for the quarter.

Cello World has launched a modern glassware manufacturing facility in Falna, Rajasthan, with an annual capacity of 20,000 metric tonnes. The plant has begun trial runs, with full commercial production to follow soon.

Cello World operates across consumer houseware, stationery, moulded furniture, and glassware segments, with 14 manufacturing facilities at six locations across the country, enabling in-house production of its diverse product line.

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