The Indian stock market faced significant challenges on November 14, with Nifty 50 and Sensex continuing their losing streak, marking the sixth consecutive session of losses. Despite a positive opening, Indian markets came under selling pressure, closing in the red. This decline was largely driven by weak sentiment due to lower earnings growth in September for Indian companies and ongoing foreign institutional investor outflows.

In this article, we highlight some of the top gainers and losers on the Indian stock market during this turbulent trading day.

Top Gainers

Jio Financial Services
Shares of Jio Financial Services rose nearly 7 percent on November 14, following the announcement by the National Stock Exchange (NSE) that 45 stocks, including Jio Financial, will be included in the futures and options (F&O) segment. This development is significant as it could lead to Jio Financial Services being added to the Nifty 50 index during the March 2025 rebalancing. Analysts believe that this inclusion could drive future investor interest, especially from institutions that track the Nifty 50.

Zomato
Zomato’s stock also saw a 4 percent increase, as speculation about its potential inclusion in the Nifty 50 index during the March rejig spread. Zomato's free float market capitalization and its inclusion in the F&O segment have strengthened its case for entry into the benchmark index. This is a key moment for Zomato as being included in the Nifty 50 index would attract more institutional investment and boost its stock performance.

Shilpa Medicare
One of the standout performers on November 14 was Shilpa Medicare, with shares soaring by more than 8 percent. The pharmaceutical company reported significant growth in its net profit and revenue for Q2 FY25. The company’s consolidated net profit surged by 28 percent sequentially and an astounding 1014 percent year-on-year to Rs 18 crore. This strong performance has been well-received by the market, and investors have responded positively to Shilpa Medicare’s future prospects.

Eicher Motors
Eicher Motors, which reported a Q2 net profit growth of 8.3 percent year-on-year, saw its stock increase by over 6 percent on November 14. The company's strategy to prioritize growth over margins has been well received, and analysts are optimistic about its future. The company’s robust performance in the motorcycle segment and its long-term growth strategy are expected to keep investor sentiment positive.

Varun Beverages
Shares of Varun Beverages rose by nearly 2 percent following reports that the company had launched a Qualified Institutional Placement (QIP) to raise funds. The company received approval for this QIP in October, and the market reaction indicates positive sentiment around the company’s growth plans, particularly in expanding its beverage production.

Top Losers

PI Industries
Shares of PI Industries came under significant pressure, falling by over 4 percent after the company sharply revised its FY25 revenue growth guidance. PI Industries cut its forecast to high single digits from the previous target of 15 percent due to persistent challenges in the global agrochemical industry. This downgrade triggered intense selling pressure, reflecting the market's cautious outlook on the company’s short-term performance.

Torrent Power
Torrent Power’s stock dropped 5 percent following a weaker-than-expected earnings report for the quarter ended September. The company’s net profit of Rs 496 crore marked an 8.6 percent decline year-on-year, disappointing investors. The stock's performance reflects the ongoing challenges faced by the power sector, particularly in terms of pricing pressures and demand growth.

Agro Tech Foods
Shares of Agro Tech Foods fell 7 percent, as the market reacted negatively to its announcement of acquiring Del Monte Foods in a deal valued at over Rs 1,300 crore. Although the acquisition is expected to strengthen Agro Tech's position in the food processing industry, investors were concerned about the deal's financial impact, leading to a fall in the stock price.

BPCL
Shares of Bharat Petroleum Corporation Limited (BPCL) also came under pressure, falling 3 percent on news that the company might be excluded from the Nifty 50 index during the March 2025 rebalancing. This news came as a shock to investors, as BPCL has been a key player in the oil marketing sector. The stock’s underperformance highlights the uncertainty surrounding its future role in the index.

Kalyan Jewellers
Finally, Kalyan Jewellers saw its stock fall 2.5 percent following a disappointing earnings report. The company reported a 3.3 percent year-on-year decline in net profit for the quarter ended September. This decline in profitability, coupled with margin pressures, has led to weaker investor sentiment towards the stock.

The Upcoming IPOs in this week and coming weeks are Rosmerta Digital, NTPC Green, Avanse Financial and Nisus Finance.

The Current active IPO are  Mangal Compusolution, Zinka Logistics Solution (Black Buck), and Onyx Biotec.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.