Markets at Noon: Nifty Dips, Sensex Edges Up as Auto Sector Buzzes
Indian markets showed mixed trends at midday, with Nifty 50 down 0.13% and Sensex up 0.05%. The auto sector demonstrated robust momentum during the festive season, with passenger vehicle sales and tractor volumes exceeding expectations. Buzzing stocks included Adani Enterprises with its capex projections, Mahindra & Mahindra's updated business guidance, Maruti Suzuki's milestone 30 million domestic sales, Delhivery's Q2 results, and Paytm's profit decline. Analysts anticipate near-term market consolidation as GST-cut-led demand upgrades are reflected in valuations.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets showed mixed trends at midday on November 6, with the Nifty 50 and BSE Sensex moving in opposite directions.
| Index | Current Price | Previous Close | Change | % Change |
|---|---|---|---|---|
| Nifty 50 | 25,563.90 | 25,597.65 | -33.75 | -0.13% |
| BSE Sensex | 83,503.90 | 83,459.15 | 44.75 | 0.05% |
Buzzing Stocks
Adani Enterprises
- Outlined capital expenditure and operational guidance
- FY2026 total capex projected at INR 36,000.00 crores
- Incorporated wholly-owned subsidiary Brahmani Barrage Water Limited
Mahindra & Mahindra
- Updated business guidance across segments
- Raised tractor segment growth guidance to 10-12%
- Selling entire 3.45% stake in RBL Bank through block deal
Maruti Suzuki
- Crossed 30 million cumulative sales in domestic market
- Alto leads as most popular model with over 47 lakh units sold
Delhivery
- Swung to consolidated net loss of INR 50.38 crore in September quarter
- Record shipment volumes with Express Parcel shipments up 32% YoY
- Announced CFO transition effective January 1, 2026
Paytm (One 97 Communications)
- Net profit declined 98% to INR 21.00 crore in July-September quarter
- Revenue rose 24% to INR 2,061.00 crore
- Citi maintained 'Buy' rating with INR 1,500.00 target price
Sector Spotlight: Auto
The auto sector demonstrated robust momentum during the festive season:
- Passenger vehicle sales and tractor volumes exceeded expectations
- Maruti Suzuki outperformed Mahindra & Mahindra recently
- Tractor sales remained strong despite rural demand concerns
- Festive retail sales exceeded estimates for major automakers
Analysts expect near-term market consolidation as GST-cut-led demand upgrades are already reflected in valuations. The next growth trigger may depend on demand sustainability through Q4 FY25 and into FY27.
Conclusion
As the trading day progresses, the markets show a mixed picture with the Nifty 50 slightly down and the Sensex marginally up. The auto sector remains in focus with strong festive season performance, while individual stocks like Adani Enterprises, Mahindra & Mahindra, and Paytm continue to make headlines with their business updates and financial results.
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