The Indian stock market concluded the day on a downward note on Monday, November 24, as profit-taking across various sectors and mixed signals from global markets impacted investor sentiment. In a continuation of the downward trend, the Sensex experienced a decline of 331 points, equivalent to 0.39%, concluding at 84,900.71. Meanwhile, the Nifty 50 fell by 109 points, or 0.42%, finishing at 25,959.50. The BSE Midcap index experienced a decrease of 0.27%, while the Smallcap index saw a decline of 0.83%.
On Monday, markets exhibited a subdued bias, concluding the day with a decline of nearly half a percent. Following an optimistic beginning, the Nifty index traded within a limited range for the majority of the session; however, a significant drop in the last thirty minutes pulled it downwards. The final closing value was 25,959.50, reflecting a decrease of 0.42%. Sector-wise, all major indices—except for IT—ended in negative territory, with realty, metal, and energy sectors experiencing the most significant declines. The overall market sentiment displayed weakness, with both the midcap and smallcap indices finishing in negative territory, indicating a cautious approach in anticipation of significant global events and the upcoming monthly derivatives expiry. “The subdued performance was influenced by risk aversion in the face of global uncertainties and ongoing FII selling, which eclipsed domestic resilience,” stated Ajit Mishra.
Equities to Monitor :
- Bharat Electronics – a Navratna defence PSU, and France’s Safran Electronics and Defence (SED) have entered into a Joint Venture Cooperation Agreement (JVCA) to produce the Highly Agile Modular Munition Extended Range (HAMMER) smart precision air-to-ground weapon in India, as of Monday.
- Dr Reddy’s Lab has obtained approval from the European Commission for AVT03 (denosumab), a proposed biosimilar to Prolia and Xgeva. Prolia is a medication prescribed for the treatment of osteoporosis.
- Paras Defence has announced the signing of a Memorandum of Understanding with the Inter-University Accelerator Centre (IUAC) located in New Delhi. This collaboration aims to focus on the development of commercial-grade MRI magnet systems within India.
- HUDCO has established a Memorandum of Understanding with the National Institute of Urban Affairs (NIUA) to enhance cooperation on urban development and infrastructure initiatives.
- GAIL India has initiated a swap tender, proposing two LNG cargoes sourced from the US in exchange for two cargoes to be received in India.
- Ceigall India has disclosed that it has obtained a letter of intent from REC Power Development and Consultancy Ltd for the establishment of the 400/220 kV Velgaon GIS substation, which will be developed under the tariff-based competitive bidding (TBCB) framework.
- Hindustan Unilever – Kwality Wall’s has implemented several changes to its board of directors in anticipation of its forthcoming demerger from Hindustan Unilever Ltd (HUL). The organization has brought on board seven new members, which includes one non-executive director, two executive directors, and four independent directors.
- ACME Solar has successfully secured the bid for a 130 MW round-the-clock renewable energy project in a tender released by Railways (REMCL). The company has successfully obtained the project with a competitive tariff set at Rs 4.35 per unit, as stated in their announcement.
- Sunteck Realty – The London Court of International Arbitration has confirmed the withdrawal of all claims, leading to the termination of arbitration proceedings between Sunteck Lifestyles, the company’s Dubai subsidiary, and its joint venture partner, Grand Valley General Trading LLC.
- Pavna Industries has entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh government, detailing its intention to invest Rs 250 crore over the forthcoming three to five years in the proposed project.
- Surya Roshni has obtained an order valued at Rs 105.18 crore, which includes GST. The work order concerns the provision of spiral pipes featuring an external 3LPE coating.
- Premier Explosives has secured an export order valued at Rs 73.11 crore for the provision of defence products, with delivery scheduled over the next 12 months.
- Siemens Energy reported its Q4 FY 2025 results on Monday. Revenue increased by 27% to Rs 2,646 crore, while profit after tax (PAT) rose by 31% to Rs 360 crore. Order backlog stood at Rs 16,205 crore, reflecting a 47% increase compared to FY2024. The Board of Directors has put forth a recommendation for a 200% dividend, amounting to Rs 4 per equity share of Rs 2 each.
- Cello World has announced that it has entered into an agreement to assign the trademark for “Cello Brand” for stationery and writing instruments from CPIW on a zero-royalty basis. This update serves to advance the previous notification dated November 11, 2025, titled ‘Cello World Limited to bring back the “Cello” brand for stationery and writing instruments under its umbrella.’
- Rossari Biotech announced that GIDC, through their order dated November 24, 2025, has transferred rights in leasehold land measuring approximately 12,608 sq. mt. to Unitop (its subsidiary) effective from November 24, 2025. Dr Reddy’s: On Tuesday, November 25, attention will be directed towards Dr Reddy’s Laboratories following the European Commission’s approval of the AVT03 (denosumab) drug, which is a biosimilar of Prolia and Xgeva. “Prolia is a prescription medicine used to treat osteoporosis in postmenopausal women and in men at increased risk of fractures due to hormone ablation related to prostate cancer, as well as bone loss associated with long-term treatment using systemic glucocorticoids,” the company stated in a regulatory filing dated November 24.
- Eris Lifesciences announced that its board has sanctioned the acquisition of 30% of the total share capital of Swiss Parenterals Limited, which is a subsidiary of the company. The board has approved the issuance of up to 23,06,372 equity shares of the company on a preferential basis to facilitate the acquisition of a 30% stake in Swiss Parenterals Limited. Diamond Power Infrastructure announced that it has received a letter of intent from Adani Energy Solutions for the supply of 7,668 km of AL-59 Zebra Conductor for the Khavda Project, valued at Rs 276.05 crore, excluding tax.
- NBCC will attract attention on Tuesday, November 25, following the announcement made on Monday regarding its acquisition of a nearly Rs 3,000 crore order from the Nagpur development authority for the construction of the first phase of a significant township project. On Monday, the company announced, as reported by PTI, that it has entered into an agreement with the Nagpur Metropolitan Region Development Authority (NMRDA) to develop a 1,710-acre township project known as the Naveen Nagpur Project.
- Sobha’s shares are anticipated to attract attention on Tuesday, November 25, following the company’s entry into the Mumbai housing market with its inaugural project featuring 310 apartments. On Monday, the Bengaluru-based company announced the launch of its inaugural project in Mumbai, ‘SOBHA Inizio’, covering an area of 1.038 acres, as reported by PTI.