Top Indices
| Index/ETF | Closing level | Change vs previous close |
|---|---|---|
| BSE Sensex | 84,587.01 | −313.70 pts (−0.37 %) |
| NSE Nifty 50 | 25,884.80 | −74.70 pts (−0.29 %) |
| Nifty Bank | 58,820.3 | −15.05 pts (−0.03 %) |
| BSE 500 index | 37,102.42 | −38.41 pts (−0.10 %) |
| BSE Sensex 50 | 27,009.81 | −81.93 pts (−0.30 %) |
| Nifty Midcap 100 | Notional gain | ≈ +0.35 % |
| Nifty Smallcap 100 | Notional gain | ≈ +0.21 % |
Major indices slipped on the monthly derivatives expiry day, with profit‑taking in IT and consumer‑durables stocks dragging benchmark indices below the 26,000 level. Mid‑ and small‑cap indices, however, registered marginal gains.
Sectoral Performance (Nifty indices)
| Sector | Direction | Notes |
|---|---|---|
| Realty | ▲ 1.6 % | Continued demand for residential property and the revival in the home‑loan cycle lifted real‑estate stocks; the sector topped the gainers list. |
| PSU Banks | ▲ 1.4 % | Public‑sector lenders rallied on expectations of strong credit growth and rising market share; SBI hit a fresh high and was among the top index gainers. |
| Metals & Pharma | ▲ ≈ 0.5 % | Metal and pharmaceutical indices eked out gains amid stock‑specific buying interest. |
| FMCG/Auto | Neutral to slight gains | Select consumption and auto stocks remained resilient despite the broad sell‑off. |
| IT | ▼ ≈ 0.6 % | Heavyweights like Infosys and HCL Tech came under profit‑booking as investors trimmed positions near monthly expiry. |
| Media | ▼ 0.8 % | Media names fell as investor appetite turned defensive. |
| Consumer Durables & Oil & Gas | ▼ ≈ 0.3 % | Weakness in discretionary consumption and energy‑related names added to the drag. |
Realty and PSU banks outperformed, while IT, media and consumer‑durables names weighed on sentiment.
Key Market Statistics
| Metric | Reading |
|---|---|
| Market breadth | Advances vs declines were roughly 1,467 : 1,378 on the NSE, indicating a slightly positive breadth despite the benchmark decline. |
| FII/DIIs | Foreign institutional investors (FIIs) were net sellers (~₹4,170 crore), while domestic institutional investors (DIIs) provided support with net purchases (~₹6,675 crore). |
| Rupee | The Indian rupee closed around ₹89.20 per US dollar, losing about 4 paise as FII outflows offset the benefit from softer crude prices. |
| Volatility (India VIX) | The volatility index remained near ~13, reflecting moderate risk perception ahead of the FOMC meeting and domestic macro data. |
Top Nifty Gainers and Losers
| Top Gainers | Last Price (₹) | % Change | Commentary |
|---|---|---|---|
| Bharat Electronics | 410.65 | +1.70 % | Defence electronics major gained on strong order visibility and government procurement push. |
| Hindalco Industries | 787.00 | +1.59 % | Aluminium producer rallied as base‑metal prices stabilised. |
| Shriram Finance | 840.10 | +1.44 % | Non‑bank lender saw buying interest after consistent quarterly performance. |
| State Bank of India | 982.45 | +1.22 % | PSU bank hit a fresh record; strong credit growth and asset‑quality improvement supported sentiment. |
| SBI Life Insurance | 2,033.40 | +0.92 % | Insurer rose as investors rotated into financial services. |
| Bajaj Auto | 9,070.00 | +0.69 % | Auto major benefited from steady two‑wheeler demand. |
| HDFC Life | 766.65 | +0.66 % | Life insurer edged higher on premium growth expectations. |
| Top Losers | Last Price (₹) | % Change | Commentary |
|---|---|---|---|
| Adani Enterprises | 2,333.90 | −2.72 % | Stock corrected after recent run‑up, tracking weak sentiment in infrastructure names. |
| Tata Motors PV | 352.45 | −1.63 % | Profit‑booking in passenger‑vehicle unit pulled the counter lower. |
| Trent Ltd | 4,241.70 | −1.61 % | Retailer slipped after stellar gains, reflecting valuation concerns. |
| Infosys | 1,530.20 | −1.15 % | IT heavyweight dragged the Nifty as investors booked profits. |
| HDFC Bank | 989.40 | −0.98 % | Private‑sector lender edged lower on concerns over margin compression. |
| Tata Consumer | 1,175.80 | −0.86 % | FMCG major consolidated after recent rally. |
| Bajaj Finance | 985.70 | −0.84 % | NBFC eased due to rising borrowing costs and caution ahead of macro data. |
These gainers and losers reflect rotation toward defence, metals and PSU banks while profit‑taking hit large‑cap IT, banking and consumer names.
What Moved the Market
- Monthly expiry & profit‑taking – The session coincided with the expiry of November derivatives contracts. Traders booked profits near the psychological 26,000 level, especially in IT and consumer‑oriented stocks, causing indices to slip.
- Weakening rupee & FII outflows – The rupee lost ground to end at ₹89.20 per US dollar. Persistent FII selling (≈₹4,170 crore) created headwinds, although DIIs remained net buyers and limited the downside.
- Sector rotation – Real estate and PSU banks advanced on strong loan demand and supportive government measures. Metal stocks rose as commodity prices stabilised. In contrast, heavyweights in IT and consumer durables declined as investors awaited cues from the US Federal Reserve.
- Macroeconomic caution – Investors remained wary ahead of the upcoming FOMC meeting and negotiations on an Indo–US trade deal. Concerns about the timing of US rate cuts and a weaker rupee kept sentiment cautious.
- Global signals – Asian markets traded mixed amid uncertainty about US interest‑rate policy, while US equities had rallied the previous day on expectations of rate cuts. Soft crude prices and talk of easing inflation provided some respite.
Global Cues
- US markets – Overnight, US indices rebounded sharply; the S&P 500 jumped ~1.5 % and the Nasdaq 100 surged over 2 % as Federal Reserve officials signalled openness to rate cuts and technology shares rallied. Yields on 10‑year US Treasuries dropped to around 4.03 %, indicating softer rate expectations.
- Commodities – Gold traded near US$4,132 per oz, rising ~1.65 % on safe‑haven demand. WTI crude climbed to roughly US$58.90 per barrel, up nearly 2 % as inventories fell; however, prices remained under pressure from demand concerns.
- Currencies – The US dollar index eased slightly to around 100.0, while the Japanese yen and euro traded in narrow ranges due to a holiday‑thinned Asian session. The Indian rupee weakened because of FII outflows and importer demand.
- Regional markets – Asian indices were mixed; Japan’s Nikkei rose modestly, while Hong Kong’s Hang Seng and China’s CSI 300 wavered amid caution ahead of the FOMC meeting. European shares were mostly flat.
Stocks to Watch
- Hindalco, Bharat Electronics, Shriram Finance and SBI – continued strength may attract further momentum buying given sectoral tailwinds (defence orders, metals support and robust credit growth).
- Adani Enterprises and Trent – after notable declines, these stocks could see bargain hunting or further correction; traders should watch for support levels.
- IT majors (Infosys, HCL Tech) – any comments from the US Fed on rate policy could influence sentiment; oversold conditions may trigger a technical bounce.
- Realty & PSU bank stocks – likely to remain in focus given the positive sectoral momentum and improving fundamental outlook.
Corporate Updates
Several corporate announcements on 25 Nov 2025 could influence stock‑specific trades:
- ACME Solar – 200 MW project with SECI: ACME Solar Holdings signed a 25‑year power purchase agreement with SECI to develop a 200 MW solar project with a 100 MW/400 MWh energy‑storage system. The project, priced at ₹3.42 per unit, is scheduled for commissioning by June 2027. ACME must ensure monthly availability of 70 % and annual availability of 85 % during evening peak hours.
- HCL Technologies – collaboration with AWS: HCLTech entered a strategic collaboration with Amazon Web Services (AWS) to deliver AI‑powered, industry‑compliant solutions for banking, wealth management and insurance clients. The partnership focuses on modernising core systems and providing autonomous financial services at scale.
- Indian Hotels Company (IHCL) – new Gateway hotel: IHCL signed an agreement to develop a 78‑key Gateway resort in Patnitop, Jammu & Kashmir. The property is aimed at tapping growing leisure travel to the Himalayas and will be IHCL’s 12th hotel in the state.
- Pavna Industries – investment in Uttar Pradesh: The electrical‑equipment maker signed a ₹250‑crore MoU with the Uttar Pradesh government to expand manufacturing over the next 3–5 years, creating about 500 new jobs.
- Prosus – ramping up India strategy: Dutch investment firm Prosus announced plans to intensify investments in India, highlighting larger stakes in Rapido and Ixigo and the role of its payment arm PayU. The company aims to build a digital ecosystem comparable to its Latin American operations.
Outlook for Tomorrow (26 Nov 2025)
- Technical levels: The Nifty formed a series of bearish candles and faces immediate resistance near 26,000–26,050. An inability to close above this band could keep the index range‑bound. On the downside, the 20‑day exponential moving average around 25,850–25,800 acts as the first support. A breach of 25,800 may open the door to 25,600. For the Sensex, resistance is near 85,000–85,200 and support at 84,200–84,000.
- Market tone: After three straight declines, oversold readings on the relative‑strength index (RSI) suggest a possible bounce, but global cues and FII flows will dictate the direction. With the F&O expiry behind, the market may consolidate in a narrow band. Investors should watch for cues from the US Fed meeting minutes and global macro data. Expect a sideways to mildly positive bias if global sentiment remains supportive.
- Key triggers: Movement in the rupee, crude‑oil prices and global equities; any fresh announcements on US‑India trade discussions; and stock‑specific reactions to corporate updates. Realty and PSU bank stocks may continue to outperform, while IT and consumption names could see rotational buying if bond yields ease.
Overall, the market appears poised for consolidation. Traders may adopt a buy‑on‑dips strategy near support levels while keeping an eye on global cues and domestic macro developments.
