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EQUITY
Post Session: Quick Review
Nov-28-2025

Indian equity benchmarks ended flat with negative bias on Friday, as investors stayed on the sidelines ahead of the release of India’s Q2 GDP growth data and the industrial production data for October. After making cautious start, soon markets edged higher, as traders took some support with finance ministry’s report stating that the GST rate rationalisation gave a measurable boost to consumption. However, markets erased gains and finally settled just below the neutral lines.

Some of the important factors in trade:

Fund outflows by FIIs: Sentiments remained weak as Foreign Institutional Investors (FIIs) were net sellers on Thursday’s session, offloading equities worth Rs 1,255.20 crore. 

GST rate rationalisation boosts consumption: Traders took note of the finance ministry’s report stated that the GST rate rationalisation gave a measurable boost to consumption, and the Indian economy is on a stable footing to navigate risks and maintain growth momentum through the current fiscal.

India to lead emerging market growth with 7% GDP: Traders overlooked Moody’s Ratings said that with a 7% GDP expansion in 2025 and 6.4% in the next year, India will lead growth among emerging markets and across the Asia Pacific region.

Global front: European markets were trading mostly in green amid growing hopes for a peace deal between Russia and Ukraine. Asian markets ended mostly in green after data showed Tokyo consumer price index inflation remained unexpectedly elevated in November amid high food prices. 

The BSE Sensex ended at 85706.67, down by 13.71 points or 0.02% after trading in a range of 85577.82 and 85969.89. There were 11 stocks advancing against 19 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.04%, while Small cap index down by 0.13%. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 0.55%, Healthcare up by 0.36%, FMCG up by 0.23%, Metal up by 0.23% and Consumer Discretionary up by 0.18%, while Oil & Gas down by 0.97%, Telecom down by 0.91%, Energy down by 0.64%, Power down by 0.57% and Utilities down by 0.37% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Mahindra & Mahindra up by 2.16%, Sun Pharma up by 1.17%, Kotak Mahindra Bank up by 0.79%, Hindustan Unilever up by 0.75% and Adani Ports and Special Economic Zone up by 0.58%. On the flip side, Power Grid down by 1.35%, Bharti Airtel down by 0.68%, Eternal down by 0.66%, Infosys down by 0.56% and ICICI Bank down by 0.36% were the top losers. (Provisional)

Meanwhile, the Rating agency ICRA has estimated individual new business premium (NBP) for the life insurance sector to grow at around Rs 1.8 lakh crore in FY2026 and Rs 2.0 lakh crore for FY2027, from Rs 1.66 lakh crore in FY2025. Further, it expects GST exemption on individual life insurance policies, which enhances customer affordability, to boost individual NBP growth in the medium term. However, in short term, the agency noted that the value of new business (VNB) margins may face pressure due to the loss of input tax credit, following the GST exemption.

ICRA expects share of individual NBP of private insurers to rise to around 65% by FY2027, up from 63% in FY2025. On the other hand, Group NBP, which saw modest growth of around 1% each in FY2024 and FY2025 due to LIC's subdued performance, expanded by 10.3% in seven months of FY2026. Consequently, the overall NBP (Individual + Group) is expected to rise to Rs 4.3 lakh crore and Rs 4.7 lakh crore in FY2026 and FY2027, respectively, from Rs 4 lakh crore in FY2025.

In the light of anticipated strong growth and a continued rise in sum assured, solvency is projected to moderate, while continuing to exceed the regulatory minimum of 1.5 times. It also noted that the solvency position of private insurers remained strong at 2.1 times as of March 2025, supported by equity infusions and the issuance of subordinated debt during FY2025.

The CNX Nifty ended at 26202.95, down by 12.60 points or 0.05% after trading in a range of 26172.40 and 26280.75. There were 19 stocks advancing against 30 stocks declining on the index, while one stock remained unchanged. (Provisional) 

The top gainers on Nifty were Mahindra & Mahindra up by 2.07%, Sun Pharma up by 1.18%, Adani Enterprises up by 1.11%, Dr. Reddy's Lab up by 0.76% and Kotak Mahindra Bank up by 0.71%. On the flip side, SBI Life Insurance down by 1.77%, Power Grid Corp down by 1.37%, HDFC Life Insurance down by 1.36%, Shriram Finance down by 1.35% and Eternal down by 0.86% were the top losers. (Provisional)

European markets were trading mostly in green; UK’s FTSE 100 increased 19.22 points or 0.2% to 9,713.15 and France’s CAC rose 9.23 points or 0.11% to 8,108.70, while Germany’s DAX lost 17.46 points or 0.07% to 23,750.50.

Asian markets ended mixed on Friday as China's real estate sector came under fresh pressure after China Vanke asked to delay repayment on a major onshore bond for the first time, while data showed profits of Chinese industrial firms with annual turnover exceeding 20 million yuan dropped 5.5% in October 2025. Japanese shares gained marginally after data showed Tokyo's core inflation remained steady in November and industrial output unexpectedly rose, keeping the Bank of Japan on track to consider an interest-rate hike in coming months. However, Seoul shares tumbled after the release of mixed economic data with South Korea's industrial output posted its steepest decline in nearly six years in October, while retail sales rose 3.5% month-on-month in October.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,888.60

13.34

0.34

Hang Seng

25,858.89

-87.04

-0.34

Jakarta Composite

8,508.71

-37.16

-0.44

KLSE Composite

1,604.47

-12.99

-0.80

Nikkei 225

50,253.91

86.81

0.17

Straits Times

4,523.96

14.62

0.32

KOSPI Composite

3,926.59

-60.32

-1.54

Taiwan Weighted

27,626.48

71.95

0.26
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