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EQUITY
Key indices end lower for 3rd consecutive session
Nov-25-2025

Indian equity benchmarks witnessed sharp volatility on monthly expiry day and ended lower for the third consecutive session on Tuesday due to selling in IT, Consumer Durables and Oil & Gas shares as foreign fund outflows dampened investor sentiment. Caution also prevailed as investors awaited clarity on a possible rate cut in the upcoming FOMC meeting and progress on the Indo-US trade deal.

Some of the important factors in trade: 

Listed private non-financial companies report 8% sales growth in Q2FY26: The RBI in its latest data has showed that the improvement in all major sectors has led to an 8% growth in the sales of listed private non-financial companies during Q2FY26 against 5.5% growth in the preceding three months. 

Non-US markets emerge as new growth engine for India’s marine exports: Commerce ministry data said that India's marine sector exports rose by 16.18 per cent to $4.87 billion during April-October this fiscal mainly on account of healthy growth in non-US markets, including China, Vietnam, Russia, Canada and the UK.

India-Israel FTA push should focus on strategic sectors not merchandise trade: The GTRI has said that the renewed push by India and Israel to restart FTA talks should be guided more by strategic cooperation in areas such as defence manufacturing, electronics, semiconductors, water and irrigation technology, precision agriculture, and cybersecurity than by gains in merchandise trade. 

Paper industry stocks in watch: Industry body IPMA said imports of paper and paperboard from ASEAN countries surged by 14 per cent in the first half of FY202526, continuing an alarming trend that has seen import volumes from ASEAN grow at over 30 per cent CAGR over the past four years.

Global front: European markets were trading mostly in green amid increasing expectations of an interest rate cut by the US Fed next month following the latest remarks by Fed officials. Asian markets settled mixed as investors awaited a slew of U.S. economic data for fresh insights into the economic and rate outlook.

Finally, the BSE Sensex fell 313.70 points or 0.37% to 84,587.01 and the CNX Nifty was down by 74.70 points or 0.29% to 25,884.80.  

The BSE Sensex touched high and low of 85,110.24 and 84,536.73 respectively. There were 6 stocks advancing against 24 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 0.19%, while Small cap index was up by 0.20%.

The top gaining sectoral indices on the BSE were Realty up by 1.69%, Metal up by 0.50%, PSU up by 0.32%, Basic Materials up by 0.28% and Healthcare up by 0.26%, while IT down by 0.75%, Consumer Durables down by 0.53%, Oil & Gas down by 0.49%, TECK down by 0.39% and Energy down by 0.32% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 1.57%, SBI up by 1.33%, Tata Steel up by 0.64%, Eternal up by 0.53% and Bharti Airtel up by 0.46%. On the flip side, Tata Motors Passenger down by 1.62%, Trent down by 1.59%, Infosys down by 1.25%, Power Grid Corporation down by 0.99% and HDFC Bank down by 0.92% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) in its latest data has showed that the improvement in all major sectors has led to an 8% growth in the sales of listed private non-financial companies during the second quarter of the current fiscal (Q2FY26) against 5.5% growth in the preceding three months. The sales growth during the July-September quarter of the last fiscal was 5.4%.  The RBI has released the data on the performance of the private corporate business sector during the second quarter of 2025-26, drawn from abridged quarterly financial results of 3,118 listed non-government non-financial companies. 

The data showed an aggregate sales growth of 8.5% YoY by 1,775 listed private manufacturing companies during the Q2FY26, mainly driven by higher sales growth in automobiles, food products, electrical machinery and chemicals industries. During the quarter, the Information Technology (IT) companies recorded a 7.8% YoY rise in their sales against 6% YoY in the previous quarter. Meanwhile, the non-IT services companies saw a double-digit sales growth of 10.6% YoY in Q2FY26 as compared to 7.5% YoY growth in the previous quarter, primarily due to higher sales growth recorded by the wholesale and retail trade companies.

Moreover, RBI said that the manufacturing companies’ expenses on raw material rose by 9% YoY in Q2FY26 in consonance with their sales growth. Further, the staff cost of manufacturing, IT and non-IT services companies increased by 9.2%, 6% and 8.9% YoY, respectively, during Q2FY26. The growth in staff cost was higher than the growth recorded during the previous quarter.

CNX Nifty touched high and low of 26,032.60 and 25,857.50 respectively. There were 17 stocks advancing against 33 stocks declining on the index.    

The top gainers on Nifty were Bharat Electronics up by 1.58%, Hindalco up by 1.44%, SBI up by 1.33%, Shriram Finance up by 1.26% and Dr. Reddy's Lab up by 0.80%. On the flip side, Adani Enterprises down by 2.91%, Tata Motors Passenger down by 1.59%, Trent down by 1.49%, Infosys down by 1.15% and Power Grid Corporation down by 1.14% were the top losers.

European markets were trading mostly in green; UK’s FTSE 100 increased 12.29 points or 0.13% to 9,547.20 and France’s CAC rose 6.13 points or 0.08% to 7,965.80, while Germany’s DAX lost 41.38 points or 0.18% to 23,197.80.

Asian markets settled mixed on Tuesday, with caution ahead of the release of key US economic data later in the day, including readings on retail sales, pending home sales, producer prices and consumer confidence. Seoul shares gained, tracking Wall Street’s upbeat session overnight on revived hopes for a rate cut by the Federal Reserve and eased fears over artificial intelligence uncertainties. Meanwhile, Chinese and Hong Kong shares rose after US President Donald Trump announced an April visit to China at Xi Jinping's invitation following a productive phone call.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,870.02

33.25

0.87

Hang Seng

25,894.55

178.05

0.69

Jakarta Composite

8,521.88

-48.37

-0.56

KLSE Composite

1,611.74

-7.04

-0.43

Nikkei 225

48,659.52

-33.64

-0.07

Straits Times

4,485.63

-11.00

-0.24

KOSPI Composite

3,857.78

11.72

0.30

Taiwan Weighted

26,912.17

407.93

1.54
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