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Indian markets closed mixed on Monday, with the Sensex failing to cross 80,000 and the Nifty holding 24,100 levels. Power, PSU, banks, and IT stocks gained, while metal, healthcare, and FMCG stocks declined. Wipro, Coforge, and Federal Bank hit new highs.

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales.

Though equities remain a small portion of the balance sheet, equity savings have grown significantly over the past decade and are expected to occupy a larger share going forward. Gold has also contributed substantially, accounting for 22% of wealth added in the last decade, the report noted.

Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach.

On November 11, five stocks saw short covering, with decreasing open interest and slight price gains: Persistent Systems, IndiGo, Birlasoft, Container Corporation of India, and BHEL.

Vedanta aims to reduce its debt-to-operating profit ratio to below 1 in two years. The company reported a net profit of ₹5,603 crore in Q2FY25, with a 44% YoY increase in operating profit. Net debt fell to ₹56,927 crore, and the company is optimistic about a stronger second half of the year.

Dollar demand from oil companies and foreign banks, likely on behalf of custodial clients, kept the rupee under pressure, a salesperson at a foreign bank said.

It also added that the total number of accounts added in October fell to 3.45 million, down from 4.36 million in September 2024. This dip breaks the streak of steady growth in demat accounts, suggesting a possible shift in investor sentiment or market conditions.

Additionally, stocks have emerged as the preferred investment choice, with 45 per cent of respondents favoring them over more traditional options such as fixed deposits or gold, Fin One, an initiative of Angel One Ltd, said in its report.

Indian blue-chip equity indices ended flat on Monday, with the BSE Sensex rising by 10 points (0.01%) to 79,496, while the NSE Nifty fell by 7 points (0.03%) to 24,141.