Market Extends Losses Amid Global Uncertainty
Indian equity benchmarks continued their downward trajectory for the third consecutive trading session on Tuesday, November 25, as mixed global cues and monthly derivatives expiry kept investor sentiment subdued. The Sensex dropped 314 points, or 0.37%, to settle at 84,587, while the Nifty 50 declined by 75 points, or 0.29%, closing at 25,884.80.
Broader Markets Show Resilience
While the main indices struggled, broader markets demonstrated relative strength. The BSE Midcap index edged higher by 0.19%, and the Smallcap index gained 0.20%, indicating selective buying interest in smaller companies. Market breadth remained slightly positive, with midcap and smallcap segments showing mild recovery after recent corrections.
Sectoral Performance and Market Sentiment
Trading remained volatile on the monthly expiry day, with the Nifty moving within a narrow range for most of the session before witnessing a late-hour decline. Sectoral trends displayed a mixed pattern:
- Realty, metal, and pharma stocks registered gains
- IT and FMCG sectors emerged as notable laggards
Ajit Mishra, SVP of Research at Religare Broking Ltd., commented: "Sentiment remained cautious amid persistent global headwinds, including mixed US economic data and ongoing geopolitical concerns that continued to weigh on risk appetite. Domestically, traders stayed guarded due to the November derivatives expiry, with foreign institutional investor flows remaining subdued."
Key Stocks in Focus
Bharti Airtel: Indian Continent Investment, a promoter group entity, initiated a block deal worth approximately ₹7,100 crore ($806 million) in the telecom giant.
HCL Tech: The IT services firm announced a strategic partnership with Amazon Web Services to accelerate transformation in the financial services sector using autonomous, AI-driven solutions.
Zydus Lifesciences: Received final approval from the USFDA for its Verapamil Hydrochloride extended-release tablets in 120 mg, 180 mg, and 240 mg doses.
NCC: Secured a letter of acceptance from Assam's Public Works Department for expanding and upgrading Gauhati Medical College & Hospital in Guwahati.
United Breweries: Launched Heineken Silver in New Delhi, with sales commencing from November 25, 2025.
Bank of Maharashtra: The Central Government appointed Prabhat Kiran as Executive Director for a three-year term effective November 24.
Jayant Infratech: Received Letter of Acceptance from Konkan Railway for an EPC project involving upgrade of electric traction system.
Welspun Corp: Submitted a Statement of Claim worth $35.5-43.5 million against Wasco Coatings and Wasco Energy under international arbitration.
Indraprastha Gas: Signed Joint Venture Agreement with CEID Consultants & Engineering to establish compressed biogas plants and biofuel projects.
Indian Overseas Bank: Will receive income tax refund of ₹835.08 crore for Assessment Year 2022-23.
