Overview of major indices
Indian equity benchmarks closed almost flat after a volatile session on 13 Nov 2025. Early gains were wiped out by profit‑booking as traders awaited key domestic macro data and clarity on global events. The S&P BSE Sensex ended at ≈84,479, up about 12 points (0.01 %), while the Nifty 50 finished near 25,879, up 3 points (0.01 %). Intraday, the Nifty briefly crossed the 26,000 mark but failed to sustain those levels. The Bank Nifty (approx. 58,275) also ended little changed after spending much of the day in a narrow range.
| Index | Close | Daily change | Intraday range/notes |
|---|---|---|---|
| S&P BSE Sensex | ≈84,479 | +12 pts (≈0.01 %) | Rose to ~84,600 but gave up gains; closed near flat |
| Nifty 50 | ≈25,879 | +3 pts (≈0.01 %) | Crossed 26,000 during afternoon rally but met selling pressure; settled slightly higher |
| Bank Nifty | ≈58,275 | Flat | Stayed range‑bound; closed above 58,250 |
| Nifty Midcap 100 | Slightly negative | –0.3 % | Profit‑booking after recent rally |
| Nifty Small‑cap index | Slightly negative | –0.3 % | Market breadth skewed towards decliners |
Sectoral performance
Market action was mixed across sectors. Realty and pharma indices led gains, while PSU banks, media, FMCG and IT were notable laggards. The table below summarises the broad sector moves:
| Sector/Index | Direction on 13 Nov | Comments |
|---|---|---|
| Realty | ↑ ~0.53 % | Buying interest returned after prior under‑performance |
| Pharma | ↑ ~0.51 % | Defensive buying amid macro uncertainty |
| Financial Services & Healthcare | ↑ ~0.2 % | Select private banks and insurers saw buying |
| Private Bank index | Slight gain | Support from ICICI Bank and Kotak Bank helped offset weakness in PSU lenders |
| PSU Bank | ↓ 0.3–0.6 % | Top laggard; investors booked profits in recent outperformers |
| Media | ↓ 0.3–0.6 % | Sentiment cautious after sharp run‑up |
| FMCG | ↓ 0.3–0.6 % | Weakness in staples due to profit‑booking |
| IT | ↓ 0.3–0.6 % | Tech stocks came under pressure after recent gains |
| Auto | ↓ 0.3–0.6 % | Profit‑taking in M&M and Tata Motors |
| Oil & Gas / Consumer Durables | Mild decline | Crude oil weakness weighed on energy names |
Market breadth & key statistics
- Advance/decline: On the NSE, about 1,661 stocks advanced, 2,193 declined and 107 remained unchanged, reflecting a negative advance‑decline ratio.
- Volatility: The India VIX fell to roughly 12.1 (down ~2.6 %), indicating reduced expected volatility.
- Institutional flows: Foreign Institutional Investors (FIIs) were net sellers of around ₹1,900 crore, while Domestic Institutional Investors (DIIs) were net buyers of about ₹5,100 crore. For November up to 12 Nov, FIIs have sold ~₹8,460 crore and DIIs have bought ~₹29,759 crore.
- Currency: The rupee traded around ₹88.7 per US$, marginally weaker.
- Commodities: Gold was steady after a previous spike (22‑karat gold ~₹11,715/g). Brent crude slipped toward $62.6 per barrel due to oversupply concerns.
Top gainers and losers (Nifty 50 constituents)
| Top gainers | Price change | Drivers |
|---|---|---|
| Asian Paints | +3.8 % | Strong Q2 results; festive‑season demand optimism |
| Hindalco Industries | +2.5 % | Higher base‑metal prices; positive commodity cues |
| InterGlobe Aviation (IndiGo) | +2.0 % | Robust passenger load factors and yield growth |
| ICICI Bank | +1.9 % | Continued loan growth visibility; positive brokerage commentary |
| Larsen & Toubro (L&T) | +1.3 % | Expectations of strong order inflows from infrastructure and defence |
| Top losers | Price change | Factors |
|---|---|---|
| Eternal | –3.7 % | Extended selling pressure; weak sentiment post‑rally |
| Tata Motors (CV arm) | –2.8 % | Profit‑booking after sharp gains in auto stocks |
| Mahindra & Mahindra (M&M) | –1.5 % | Concerns about slowing rural demand |
| Eicher Motors | –1.2 % | Mild profit‑taking after strong Q2 numbers |
| Tata Steel | –1.1 % | Volatility in global steel prices; profit‑booking |
What moved the market
- Profit‑booking on weekly expiry – After touching intraday highs above 26,000 on the Nifty, traders booked profits ahead of the weekly derivatives expiry. The market lacked follow‑through buying despite positive opening cues.
- Caution ahead of macro events – Investors remained cautious ahead of October inflation data and the outcome of Bihar state election results. The potential India‑U.S. trade deal and the U.S. CPI print were also on the radar.
- Mixed global cues – U.S. indices closed mixed overnight, with the Dow hitting a record high while the Nasdaq slipped; Asian markets opened subdued. This kept sentiment range‑bound.
- Institutional flows – Continued FII selling was offset by strong DII buying, supporting the indices near record highs.
- Sector rotation – Investors rotated out of recently strong sectors such as IT, auto and PSU banks into defensives like pharma and realty.
Global cues
- U.S. markets – Wall Street ended mixed on Wednesday. The Dow Jones Industrial Average gained ~0.7 % to a new high, while the Nasdaq Composite fell ~0.26 % amid rotation out of high‑valued tech stocks. The S&P 500 was flat (+0.06 %).
- U.S. Government shutdown and CPI – Anticipation of the U.S. government shutdown ending and a key CPI release later in the day kept investors cautious. Expectations of a softer CPI print fuelled hopes for early Fed rate cuts.
- Asian markets – Most Asian indices traded mixed. Japanese and Korean markets gained modestly, while Chinese shares slipped as concerns over economic growth persisted.
- Commodities & currencies – Crude oil prices extended their slide as OPEC data signalled supply exceeding demand. Gold held gains after a previous 2 % jump. The dollar index was little changed and U.S. Treasury yields edged up slightly.
Stocks to watch & corporate updates
- Quarterly results – A flurry of earnings kept several stocks in focus. Tata Steel reported a 272 % YoY jump in Q2 FY26 consolidated net profit to ₹3,102 crore. Asian Paints posted a 47 % YoY surge in net profit to ₹1,018 crore; the stock rallied on the announcement. Ashok Leyland reported record Q2 consolidated profit of ₹820 crore (+7 % YoY). Cochin Shipyard’s profit fell 43 % YoY to ₹107.5 crore, dragging its shares. Nazara Technologies swung to a ₹33.9 crore loss due to a one‑time write‑down. IRCTC delivered a profit rise of 11 % YoY to ₹342 crore.
- Other announcements – Mahindra & Mahindra said it would form a life‑insurance joint venture with Manulife, committing up to ₹3,600 crore over 10 years. Sun Pharma showcased research on obesity treatments at a U.S. conference. Grasim Industries commenced production at its Kharagpur paint plant’s resin block, raising total resin capacity to 92 MLPA. Indraprastha Gas announced an alliance with Saudi Arabia’s Masah Construction to bid for gas‑distribution licences in Saudi industrial cities. Healthcare Global approved fresh investment in its oncology subsidiaries.
- Upcoming earnings/announcements – Investors should monitor results from companies like Hero MotoCorp, Eicher Motors, Voltas, Apollo Tyres, Bharat Dynamics, Page Industries, Muthoot Finance, Endurance Technologies and Ircon International, as well as any updates on the potential India–U.S. trade agreement.
Outlook & technical levels for the next trading day
- Market tone – The market’s inability to sustain above the 26,000 level indicates near‑term consolidation, especially as traders await the U.S. CPI data and Bihar election results. Sentiment remains cautiously optimistic given strong DII support, but persistent FII selling and rich valuations could cap upside. A buy‑on‑dips strategy is expected as long as key support levels hold.
- Nifty technical levels – Immediate support lies in the 25,650–25,700 zone. A breach of this range could trigger further profit‑booking toward 25,400. On the upside, 25,950 is immediate resistance; a decisive move beyond 25,950–26,000 could open the door for a test of 26,100 and then the record high near 26,250.
- Bank Nifty levels – Support is seen at 58,000, with stronger support around 57,500. Resistance is placed at 58,200–58,500; a breakout above 58,500 could lead to gains toward 59,000–59,200.
- Trading strategy – Traders may look to adopt a range‑bound approach with long positions on dips near support and profit‑booking near resistance. Options data show significant call writing at 25,900–26,000 strikes and put writing at 25,700, indicating that the index may oscillate within this band until fresh triggers emerge. Volatility is expected around the release of U.S. CPI data and domestic state‑election results. Overall, the market tone for the next trading day is neutral to cautiously bullish, with participants watching for cues from global markets, economic data and institutional flows.
