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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.

Later this week, inflation readings across Europe, U.S. and a preliminary reading of euro zone third quarter GDP would remain in focus.

BEML, the Miniratna company, reported a marginal 0.75% decline in its profit after tax (PAT) for Q2 FY2024, totaling Rs 51.03 crore, compared to Rs 51.78 crore in the same quarter last year. The company’s revenue from operations fell by 57% YoY.

Devyani International reported a net loss of Rs 4.92 crore in Q2FY25, despite a 49% YoY revenue growth to Rs 1,222 crore. EBITDA margin declined to 16.3% from 18.3%. The company added 85 new stores and secured exclusive master franchise rights for three modern QSR brands: TeaLive, New York Fries, and Sanook Kitchen.