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Closing Bell: Nifty Closes Above 26,000, Sensex Spikes 388 Pts; All Sectors End Trading in Green
At around 2:15 pm on Monday, the equity benchmarks were trading in the green. The Sensex climbed 363 points (0.43%) to 84,926.10, while the Nifty advanced 99.10 points (0.38%) to 26,009.15, due to broad-based buying across sectors. All major sectoral indices were in positive territory, led by strong gains in PSU Bank stocks.
The Indian stock market opened on a gap-up note on Monday, 17th November, as Nifty opened near the 26k mark at 25,948.20 level, while Sensex gained around 137 points to open at 84,700.50. On the Nifty index the top 5 gainers during the opening session were Shriram Finance, Bajaj Auto, Tata Consumer Products, Asian Paints and Kotak Mahindra Bank whereas the top loser was TMPV, which was down over 5%.
Now that the earnings season is over, the focus of the market will turn to periodic domestic data that might determine the short-term trend.
Significant indicators on economic momentum and sectoral strength will be provided by key data, including the Services PMI, Foreign Exchange Reserves, and Infrastructure Output. For signals about the Federal Reserve's policy outlook, investors throughout the globe will closely monitor significant U.S. macro announcements, particularly the minutes of the most recent FOMC meeting.
Stock Market Live Updates: MKP Mobility Shares Jump 5%, Outperforming Sensex
MKP Mobility Ltd, a microcap company in the Garments & Apparels sector, witnessed strong buying interest today, climbing 5.00% and outperforming the Sensex, which gained only 0.46%.
Stock Market Live Updates: IGL and MGL Shares Decline as CNG Supply Faces Disruption in Mumbai
Shares of Indraprastha Gas Ltd. (IGL) declined by Rs 1.17, or 0.56%, closing at Rs 211.49, with a trading volume of 2,358.49K. Mahanagar Gas Ltd. (MGL) also fell by Rs 21.71, or 1.74%, to settle at Rs 1,231.60, with a volume of 219.75K. The drop comes amid disruptions in the CNG supply across Mumbai, affecting operations ahead of closing bell.
Stock Market Live Updates: Billionbrains Garage Ventures, Groww, Shares Jump 15%
Shares of Billionbrains Garage Ventures, the parent company of the stockbroking platform Groww, continued their remarkable rally for the fourth consecutive day since listing. The stock surged by Rs 21.88, a gain of 14.73%, to reach a high of Rs 170.41.
Stock Market Live Updates: Kotak Mahindra Bank Share Rises Ahead of Board Meeting on Stock Split
Kotak Mahindra Bank’s share price rose by 1.12%, reaching Rs 2,103 in Monday’s trade ahead of the lender’s board meeting, where a stock split is expected to be considered. This will be the first stock split in 15 years, with the last one having been approved in 2010.
Top laggards for the Day
In Monday’s session, TMPV became as the biggest loser, slipping 4.84%, followed by Adani Enterprises, which fell 2.46% amid profit-booking. Jio Financial Services also edged lower by 0.94%, while HDFC Life dipped 0.54%. Bharat Electronics declined 0.48%, rounding off the list of top laggards for the day.
Most Active Stock Today
Several major counters today saw high activity in today’s trade, led by Groww, which surged 15.57% to Rs. 171.65, supported by a massive trading volume of over 35.38 crore shares. Active Stocks with high trading volume included Narayana Hrudayalaya (NH) which jumped 10.77%, Glenmark Pharma, HDFC Bank, TMPV, Bharti Airtel, BSE Ltd, Vodafone Idea etc.
KEC International Wins New Orders of Rs. 1,016 crores
KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,016 crores across various businesses. The Civil business has secured orders in the Buildings & Factories (B&F) segment from existing clients. The Oil & Gas Pipelines business has secured its first order in the Middle East. While the transmission & Distribution (T&D) business has secured fresh/ extension orders for T&D projects which included Supply of towers, hardware and poles in the Middle East and Americas and 400 kV Transmission lines in the UAE. The Cables & Conductors business has secured orders for supply of various types of cables and conductors in India and the overseas market.
Brahmaputra Infrastructure Limited Q2FY26 Performance
Brahmaputra Infrastructure Limited has delivered a strong performance in Q2 FY26, reporting a 63.91% jump in revenue to ₹182.91 crore, compared to ₹111.59 crore in the same period last year. The company’s EPC revenue surged 72.25% year-on-year to ₹173.89 crore, reflecting robust execution momentum. Operating profitability improved sharply, with EBITDA rising to 24.18% in Q2 FY26, up from 14.38% in Q2 FY25. Profitability metrics also saw a dramatic upswing—PBT increased 264.69% to ₹34.61 crore, while PAT soared 303.12% to ₹29.67 crore, boosting PAT margins to 16.22%, compared to 6.59% a year ago.
Speciality Restaurants Limited Financial Results For Q2FY26
Speciality Restaurants Limited reported a strong performance for the quarter ended September 30, 2025. The company’s total income rose to Rs. 119.99 crore, up from Rs. 107.85 crore in the same quarter last year, marking an 11.26% increase. Profitability also improved significantly, with EBITDA climbing 21.57% year-on-year to Rs. 22.83 crore, compared to Rs. 18.78 crore in Q2FY25. The momentum continued at the bottom line as well, as PAT surged 56.84% to ₹4.47 crore, versus Rs.2.85 crore in the previous year’s quarter.
Euro Pratik Sales Ltd. acquires 51% Stake in URO Veneer World for X 76.50 Cr
Euro Pratik Sales Limited, has announced the acquisition of 51% stake in URO Veneer World for a valuation of X76.50 Cr including capital infusion of X 10.20 Cr in the firm. This acquisition marks the Company’s entry into the B2C segment, strengthening its presence beyond its distribution-led model.
Stock Market Live Updates: IRB Infrastructure gets CLSA ‘buy’ call with boosted target of ₹72
CLSA has maintained its 'buy' recommendation for IRB Infrastructure Developers, setting a target price of Rs 72. The firm sees potential in the company's growth trajectory and believes it is well-positioned to benefit from ongoing infrastructure developments.
Stock Market Live Updates: HSBC Maintains Buy on Marico, Sets Target at ₹870
HSBC has maintained its 'buy' recommendation for Marico, setting a target price of Rs 870. This decision reflects confidence in the company's growth potential and market position. Analysts believe that Marico's strategic initiatives and product offerings will continue to drive its performance positively.
Stock Market Live Updates: Groww Jumps 10%, Hits New High as Market Cap Tops ₹1 Lakh Crore
Shares of Groww surged by 10%, reaching a new peak and marking a 46% increase in value over four trading sessions since its listing. The company's market capitalisation has now reached Rs 1 lakh crore, reflecting strong investor confidence
Stock Market Live Updates: Jefferies Ups Target on GMR Airports to ₹115, Reiterates ‘Buy’
Jefferies has maintained its 'buy' recommendation for GMR Airports, while increasing the target price to Rs 115. This decision reflects confidence in the company's future prospects and growth potential. The revised target price indicates a positive outlook for investors considering GMR Airports as a viable investment option.
Stock Market Live: Nazara Tech Stock Down 2.17%; Buy Or Sell?
Stock Market Live Updates: "We cut our EPS estimates by 15%/14% for FY27E/FY28E as we re-align our depreciation assumptions. NAZARA IN’s operational performance was broadly in line with EBITDA margin of 11.8% (PLe 11.0%) though bottom line was weighed down by multiple one-offs related to Nodwin, PokerBaazi and Freaks4U. The decision to deconsolidate Nodwin reflects NAZARA IN’s renewed emphasis on profitability over scale. The plan is to now focus on high-margin core gaming portfolio supported by ongoing releases such as new season of Love Island and Big Boss, alongside strong traction in Curve Games. Expansion in offline gaming also remains a key pillar with Smaaash 2.0 slated for relaunch in FY27E and plans to scale Funky Monkeys to ~100 centres over the next few years. Considering these factors, we build in a sales CAGR of 10% over the next 3 years with EBITDA margin of 12.8%/16.0%/16.6% for FY26E/FY27E/FY28E. We retain HOLD with a SoTP-based TP of Rs253," noted PL Capital
Stock Market Live: VIP Industries Share Price Today
Stock Market Live: "We cut our FY27E/FY28E EPS estimates by 21%/8% as we fine-tune our revenue and interest assumptions given weak performance in 2QFY26 (Refer section titled “key reasons for change in estimates” for more details). VIP IN reported weak set of results with topline declining 25.3% YoY to Rs4,063mn (PLe Rs4,898mn, CE Rs5,565mn) while GM succumbed to 30.6% amid inventory provision of Rs550mn. Adjusting for the inventory provision, EBITDA loss stood at Rs514mn (PLe Rs88mn; CE Rs321mn) as other expenses continue to remain elevated at Rs1,780mn. VIP IN has been facing problem of slow-moving inventory and provision of ~Rs750mn has been taken in the last 3 quarters. We believe 2HFY26E will be a period of reset and reorganization for VIP IN amid change of guard at top-level. We expect normalization to resume from FY27E with steady state GM/EBITDA margin of 51.5%/14.0% respectively. Consequent to rising challenges on growth & margins we cut our target multiple to 38x (earlier 40x; ~15% discount to SII IN) and retain HOLD on the stock with a TP of Rs387 (earlier Rs474)," noted PL Capital.
Stock Market Live Updates: Nifty Above 25,900; Sensex Up 100 Pts, Shriram Fin, Bajaj Auto, Kotak, Top Gainers
Stock Market Live Updates: Nifty Above 25,900; Sensex Up 100 Pts, Shriram Fin, Bajaj Auto, Kotak, Top Gainers
HSBC Maintains ‘Buy’ on Rainbow Children’s Medicare
HSBC keeps a ‘buy’ rating with a Rs 1,520 target as Q2 remained muted due to lower seasonal illness volumes; a new CEO joins January 2026, and 38% bed expansion is on track by FY29.
SpiceJet Shares Surge on Fleet Expansion Plans
SpiceJet’s stock witnessed a significant rise of over 5 percent on November 17, following the airline’s announcement that it plans to double its operational fleet by the end of the year. This move is expected to substantially expand the airline’s network and operational scale. Early Monday trading saw SpiceJet shares climb to Rs 37.40 each, reflecting investor optimism about the company’s growth prospects.
Gold Rates In India: 24 Carat Falls By Rs 11 To Rs 1,100
Gold rates in India fell in the range of Rs 11 to Rs 1,100. The steepest decline was in 100 grams by Rs 1,100 to Rs 12,49,700, while 10 grams gold price slipped by Rs 110 to Rs 1,24,970. Also, 8 grams and 1 gram gold rates stood at Rs 99,976 and Rs 12,497, down by Rs 88 and Rs 11 respectively.
Stock Sees Sharp Surge in Trading Activity
The stock moved between Rs 248.65 and Rs 230.00 in today’s session, with volumes jumping to 13,813 shares—far above its recent averages. It remains 38.48% below its 52-week high of Rs 398.25 but 29.29% above the 52-week low of Rs 189.50. In the previous session, it closed at Rs 208.85, and the company currently holds a market cap of Rs 833.25 crore.
Karnataka Bank Stock Gains After New Leadership Appointment
Karnataka Bank shares moved higher after Raghavendra S. Bhat took charge as the new MD & CEO from November 16 for a one-year term. The stock was trading at ₹178.60, up 2.58%, with an intraday range of ₹175.55 to ₹179.70. Trading volumes stood at 97,170 shares, slightly above the five-day average. In the previous session, the stock had closed at ₹174.10. It now trades 22.75% below its 52-week high of ₹231.20 and 10.11% above its 52-week low of ₹162.20, with a market cap of ₹6,753.26 crore.
AI & Future Skills Center of Excellence Launched in Nagaland
Cyient Foundation, the CSR arm of Cyient, in partnership with the SIDBI Swavalamban Foundation, has announced the launch of an AI & Future Skills Center of Excellence at the Nagaland Tool Room & Training Centre (NTTC) in Dimapur. The new centre aims to equip students and young professionals in the Northeast with advanced technology skills, creating stronger employment opportunities and fostering innovation in emerging tech domains.
Websol–APEDB MoU Boosts 4 GW Solar Project in Andhra Pradesh
Websol Energy Systems, through its arm Websol Renewables, has signed an MoU with the Andhra Pradesh Economic Development Board to set up a 4 GW integrated solar cell and module manufacturing unit in the state. The project is expected to enhance local solar production and support India’s clean-energy expansion.
Result Update: Hero MotoCorp | Strong demand outlook; HMCL to outperform
“During 2QFY26, Hero MotoCorp’s (HMCL) EBITDA margin stood at 15% (+50 bps YoY, +60 bps QoQ), 30 bps above JMFe. The ICE business reported a margin of 17.7% in 2Q compared to 16.5% in 2QFY25. Realisations grew c.4% YoY (+2.4% QoQ), primarily driven by a favourable mix and pricing. Management indicated that demand post-festive season remains strong, with inventory at its lowest in recent years and receivables reduced to 12 days from 30 days earlier, reflecting buoyancy in the market. HMCL expects the domestic 2W industry to grow by 8–10% in 2HFY26, supported by GST rate cuts, a pickup in first-time buyers, rural recovery, a healthy monsoon, RBI rate cuts, income tax reductions, and lower inflation. Management believes HMCL will outperform the industry in both domestic and export segments, driven by recent and upcoming product launches and expansion into new geographies. The company has maintained its long-term EBITDA margin guidance at 14–16%. We are revising our estimates upwards, driven by launches (both in ICE and EVs) and improved operating efficiency. Volume estimates for FY26E/FY27E have been raised by 0.3%/3% respectively. Consequently, EPS estimates have been revised upward by 1.6%/4.8%. We roll forward and apply a 19x PE multiple (versus 17x earlier) on average FY27E/28E EPS to arrive at a TP of INR 6,650. We maintain BUY,” commented Saksham Kaushal of JM Financial Institutional Securities.
Weekly Market Outlook By Pravesh Gour, Senior Technical Analyst, Swastika Investmart
Heading into the week of 16–22 November 2025, the Indian equity market is expected to trade with a cautiously positive bias as both global and domestic cues continue to influence direction. Indian equities are likely to sustain their upward momentum, supported by robust domestic macro data and improving global conditions. A major tailwind for the economy comes from India’s retail inflation dropping to a historic low of 0.25% in October, well below the RBI’s tolerance band, strengthening expectations of a potential rate cut in December and reinforcing the domestic growth narrative. On the global front, investors will closely track the FOMC Minutes scheduled for release on November 20, especially after the US Federal Reserve cut rates by 25 bps in October—its second consecutive cut—bringing policy rates down to a 3.75%–4.00% range, the lowest since 2022. These combined factors position the Indian market for a steady yet vigilant trading environment in the upcoming week.
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Q2 results declared so far indicate an uptrend in earnings growth. Net profits have grown by 10.8%, which is the best in the last six quarters. This is a beat over earlier estimates. The present trends in consumption indicate that earnings will further improve in Q3. Discretionary consumption, particularly automobiles, will lead earnings growth in Q3. Whether the present boom in consumption will continue even after the festival season is to be watched. A sustained uptrend in the market and new record highs have not been happening since FIIs continued selling on all rallies. A change in FII strategy is necessary for the market to break into new record highs and remain there. This, in turn, requires steady improvement in earnings growth, which is likely from Q3 onwards. If the global AI trade loses steam, that would be a helpful factor.
Bank Nifty Prediction Today By OM Mehra, Technical Research Analyst, SAMCO Securities
The index continues to stay comfortably above its short-term moving average, placed near 58,000. Nifty Bank is now approaching towards all-time high. The RSI has moved to 67, reflecting firm momentum, while the MACD maintains a steady recovery slope, adding to the short-term strength. The immediate support is located at 58,200–57,000, while minor resistance remains at 58,600. A sustained close above this level will be essential for confirming fresh upward traction and potentially opening the path toward new record territory. Until such a breakout takes shape, the index is expected to consolidate within a narrow band while retaining a mild upward bias.
Nifty Prediction Today By OM Mehra, Technical Research Analyst, SAMCO Securities
Nifty continues to trade comfortably above the 10-EMA and 20-EMA, both of which now act as dynamic support zones. The bullish gap near 25,780–25,700 remains intact, serving as a reliable cushion through recent swings. The broader setup remains constructive as the index sustains above the middle Bollinger Band, showing steady underlying momentum. The RSI is placed around 62, reflecting improving strength, while the MACD stays in a narrow range. The support is now positioned at 25,780–25,700. The index is consolidating just underneath the 26,000–26,050 barrier, where a close above this zone would strengthen the upward momentum. Conversely, a slip below 25,750 may attract mild pressure. Overall, Nifty remains within a well-defined range between 25,700 and 26,000, and a breakout on either side will decide the next directional move. As long as the index holds above 25,700, the near-term view stays positive.
Bank Nifty Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty Bank appears well-positioned for further bullish continuation, supported by its close above the previous week’s high and its strong alignment above short-term moving averages. Sustained buying interest above 58,600—corresponding with the record peak—would offer confirmation of the ongoing uptrend and open the gates for further upside. While call writers maintain their grip at upper levels, consistent put writing at lower bands suggests renewed accumulation and underlying strength in the banking index. This setup indicates that although traders may book profits near resistance levels, bears remain on the sidelines, keeping overall sentiment constructive with a neutral-to-positive bias. A decisive close above the 58,600 mark will be essential to validate renewed bullish conviction and extend the rally toward uncharted territory. Until such a breakout occurs, the index is likely to remain in a consolidation phase with a positive bias. However, a fall below 57,800 could trigger selling pressure. Traders are advised to stay selective, maintain discipline, and focus on confirmed breakouts beyond the current consolidation band for clearer directional signals in the sessions ahead.
Bank Nifty Derivatives Snapshot By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The derivatives data continues to portray a mildly cautious yet constructive setup. Call writers have added notable positions at nearby strikes, while put writers remain active at lower levels, indicating a consolidation phase with an upward tilt. A sizeable open interest buildup of 19.39 lakh contracts at the 58,500 call strike reaffirms this level as a strong resistance ceiling, whereas the significant put OI accumulation of 14.56 lakh contracts at the 58,000 strike underlines a sturdy foundation of support. The simultaneous rise in both call and put writing suggests a balanced yet optimistic structure, with traders expecting range-bound action. The Put-Call Ratio (PCR) held steady at 0.92, reflecting a neutral stance as markets await a clear directional cue.
Nifty Derivatives Snapshot By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The current derivatives landscape indicates a mildly cautious yet constructive undertone. Call writers have been actively building positions at nearby strikes, whereas put writers are accumulating interest at lower levels—signalling a consolidation phase with an upward tilt. A substantial open interest buildup of nearly 1.50 crore contracts at the 26,000 call strike underscores its importance as a major resistance ceiling. Meanwhile, strong put OI of about 90.86 lakh contracts at the 25,500 strike reaffirms a firm support base. Simultaneous additions in both call and put writing reveal balanced positioning with a positive bias, suggesting expectations of range-bound trade. The Put-Call Ratio (PCR) cooled to 0.79 from 1.03, reflecting a cautious sentiment as participants maintain short positions with increasing conviction.
Nifty Prediction Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
From a technical perspective, the Nifty is showcasing a steady continuation pattern, with the broader setup remaining constructive as the index comfortably trades above its 10-day and 20-day exponential moving averages. These moving averages—earlier hurdles—have now turned into dynamic support regions. Additionally, the index’s ability to hold above the bullish gap around 25,700–25,780 continues to reinforce the short-term positive bias and keeps the ongoing uptrend well-aligned. As long as Nifty stays above the 25,700–25,650 support belt, traders are likely to maintain a “buy-on-declines” mindset. On the upside, immediate resistance stands at the 26,000 zone. A sustained move above this level could unlock fresh momentum-driven buying, potentially propelling the index towards higher trajectories. Conversely, a slip below 25,750 may attract renewed selling pressure and could temper the optimism in the near term. Momentum indicators remain aligned with the bullish view—the 14-day RSI hovering above 60 reflects healthy short-term strength. Going forward, 25,750 will continue to act as a crucial support marker, while the 25,950–26,000 band is expected to serve as a decisive resistance zone.
FPI progress for November trend inputs- Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Foreign inflows have witnessed continuous volatility with some sign of recovery in coming times. Major factors contributed to this positive shift are the record domestic sales during this festive month, sustained corporate earnings growth, ongoing talks on India-US trade deals. Regulators are also playing a pivotal role to ensure that the concerns of the offshore investor fraternity on easing regulatory parameters and compliance burden is put in place to ease the access into India market and deepen the market participation. SEBI’s key proposal announcements include aligning KYC review timelines with RBI norms, eliminating the need for trading and demat accounts, and removing requirements to furnish investor group details for certain categories. Broadening the limits for anchor investor participation, permitting retail schemes in IFSCs with a resident Indian sponsor or manager to register as FPIs are also some of the key measures. Further, the SEBI has also recently launched a single-window digital platform – ‘India Market Access’ for providing all the required information on India market and regulations for the international institutions eyeing India capital market as a preferred destination for making portfolio investments. The changes aim to reduce administrative burdens, encourage greater participation, and align India’s regulatory environment with the global best practices.
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