The Indian benchmark indices, Sensex and Nifty, experienced a pullback following a six-day winning streak, as bulls struggled to regain record highs that remain slightly more than 1% away. The recent rally led to profit-taking, as investors shifted their attention to forthcoming US economic data for insights into the Fed’s rate-cut expectations. The 30-stock BSE Sensex declined by 278 points, representing a decrease of 0.33%, closing at 84,673, while the NSE Nifty 50 experienced a drop of 103 points, or 0.40%, settling at 25,910. Selling pressure was pervasive, resulting in all major sectoral indices closing in the negative territory. The broader markets exhibited a downturn, with the BSE Midcap index falling by 0.70% and the BSE Smallcap index decreasing by 0.85%.
Markets experienced a turbulent session on the weekly expiry day, declining by nearly half a percent and continuing the current consolidation phase. Following an initial decline, the Nifty exhibited significant volatility throughout the day, oscillating sharply before ultimately closing near the day’s low at approximately 25,910. The overall sectoral performance exhibited notable weakness, particularly with real estate, IT, and metals taking the lead in the downturn. The broader markets experienced pressure, as indicated by the subdued market breadth and significant weakness in small-cap counters. Recent market action indicates a cautiously optimistic sentiment, bolstered by strong domestic macro indicators. “However, heightened global volatility continues to cap momentum and trigger intermittent bouts of profit-taking, preventing a sustained directional move,” stated Ajit Mishra.
Stocks to Monitor :
- Hindustan Unilever has established December 5 as the record date for the separation of its ice-cream division into a newly formed entity, Kwality Walls (India).
- Escorts Kubota has launched its third-generation ride-on rice transplanters, expanding its mechanised paddy equipment portfolio to meet the increasing demand for more efficient planting solutions.
- Infosys will initiate its Rs 18,000 crore share buyback program on Thursday, November 20, with the offer scheduled to conclude on Wednesday, November 26.
- Tata Consultancy Services has been selected by NHS Supply Chain for a five-year partnership to deliver application development, support, and maintenance for its essential business systems, as well as overseeing its cloud infrastructure platforms.
- Azad Engineering has established a Master Terms Agreement and a Purchase Agreement with Pratt & Whitney Canada Corp to engage in the development and manufacturing of aircraft engine components.
- Mahanagar Gas has reported the resumption of gas supply to Mumbai’s CNG network following the completion of repairs by GAIL on a damaged pipeline situated within the RCF Trombay facility.
- Goel Construction Company has secured a Rs 173.25 crore contract from the Aditya Birla Group for civil construction activities at the Pali Cement Works facility located in Beawar, Rajasthan.
- National Securities Depository has been issued a warning letter by SEBI due to instances of non-compliance, specifically where directors or committee members failed to submit their disclosures to MIIs within the required timeframe of 15 days following trading in securities.
- GR Infraconstruction has been designated November 15, 2025, as the appointed date by Western Railways for its Rs 262.28 crore EPC gauge conversion project on the 38.9 km Kosamba–Umarpada section in the Vadodara division.
- Choice International has secured complete ownership of Ayoleeza Consultants, which, in collaboration with its partners, is presently managing active orders totaling over Rs 200 crore.
- HUL has announced the appointment of Bobby Parikh, the former CEO of Ernst & Young India, as an Independent Director on its Board, effective December 1, 2025. HUL stated that his appointment is for a duration of five years, pending shareholder approval. Additionally, the FMCG giant has declared that the demerger of its ice cream business (Kwality Wall’s) is set to take effect on December 1, 2025. The Board has established Friday, December 5, 2025, as the record date to identify the eligible shareholders (as defined in the scheme) of the company who are entitled to receive equity shares of KWIL. This will be in accordance with the share entitlement ratio of 1:1, meaning one equity share of face value RS 1 fully paid up in KWIL for each equity share of face value RS 1 fully paid up held in HUL.
- Groww announced that it will conduct an earnings conference call on Friday, November 21, 2025, at 04:00 p.m. to review the unaudited financial results.
- LTIMindtree has announced an expansion of its global partnership with Microsoft aimed at accelerating the adoption of Microsoft Azure and facilitating AI-driven business transformation for enterprises. This collaboration will facilitate accelerated cloud adoption and enhance business value for joint customers by leveraging advanced AI solutions provided by LTIMindtree.
- Waaree Energies, in its regulatory filing on Tuesday, reported that officials from the Income Tax Department visited several of the company’s offices and facilities in India to conduct an investigation under the Income Tax Act, 1961. The proceedings are currently in progress, and the company is providing its full cooperation to the officials involved.
- Inox Green announced that its parent company, Inox Wind Limited, along with its group company, Inox Solar Limited, has signed Memorandums of Understanding (MoU) with KP Group companies, specifically KP Energy Ltd and KPI Green Ltd, respectively. The MoUs create strategic alliances focused on the collaborative development of 2.5 GW of wind and 2.5 GW of solar power projects in various states across India. Under the MoUs, Inox Green will deliver the O&M services for the wind turbine generators and solar modules established across all projects within the partnership. Inox Wind and Inox Solar have each issued their respective press statements, which can be found in the subsequent pages of this press release.
- NTPC Green announced that following the successful commissioning, a portion of 75.5 MW from the total 1255 MW capacity of the Khavda-I Solar PV Project, which is part of the CPSU scheme Phase-II Tranche-III in Gujarat, has been declared to be in Commercial Operation effective from 00:00 Hrs. on 19.11.2025. The NGEL Group’s current commercial capacity is 7563.575 MW. The total installed capacity of the NGEL Group will rise to 7639.075 MW with this capacity addition.
- KEC International announced that it has received a letter dated November 18, 2025, from Power Grid Corporation of India Limited (“PGCIL”) indicating that the Company has been barred from participating in tenders and contract awards by PGCIL for a duration of 9 months starting November 18, 2025. This exclusion is due to alleged violations of contractual provisions related to a prior issue communicated to the stock exchanges in a letter dated March 24, 2025, without impacting any ongoing projects of PGCIL. “The company is evaluating multiple alternatives, including potential legal action and engaging with PGCIL for a reassessment of aforementioned,” it stated.
- Bank of Baroda, Canara Bank, and Punjab National Bank – On Friday, Moody’s Ratings affirmed the Baa3 ratings for three public sector banks. The rating agency maintained stable outlooks on the long-term ratings of all three banks.
- Mphasis Shares are anticipated to attract attention on Wednesday, November 19, following Blackstone, the global investment firm and promoter of the company, selling a 9.5% stake in the information technology and consulting firm for RS 4,726 crore through an open market transaction on Tuesday.