India News Commentary: November 10, 2025 Top Stories, Markets & Economy
Comprehensive India news dashboard covering breaking news, stock markets (Sensex/Nifty), economy, geopolitics, and business. Updated daily with verified sources.
India News Dashboard
Last updated: Mon, 10 Nov 2025 18:17:59 GMT
Today’s Briefing
Indian markets rebounded today, with Sensex and Nifty closing higher, driven by positive global cues and strong domestic earnings. A car explosion near Delhi’s Red Fort caused multiple casualties, while Goldman Sachs upgraded Indian equities to ‘overweight’ with a Nifty target of 29,000 by 2026.
Breaking News
On Monday, November 10, 2025, a car exploded near the historic Red Fort in India’s capital, New Delhi, resulting in the deaths of at least eight people and injuring 19 others. The blast, which occurred near one of the gates of the Red Fort metro station, also caused a fire that damaged several parked vehicles. New Delhi police have initiated an investigation into the cause of the explosion, which remains unclear.
Eyewitnesses reported hearing a ‘window-shattering sound’ before seeing multiple vehicles engulfed in flames.
Hours prior to the Delhi explosion, the Jammu & Kashmir Police launched a significant crackdown across approximately 10 districts in the Kashmir Valley. This operation on Monday, November 10, 2025, involved raids and searches at over 70 locations, leading to the detention or binding down of around 100 local residents. In North Kashmir’s Baramulla, police specifically targeted 16 properties linked to Pakistan-occupied Kashmir (PoK) or Pakistan-based Kashmiri natives, and 23 locations associated with ‘over ground workers’ (OGWs).
This widespread action by J&K Police was undertaken as a preventive measure.
In other significant national news, India has finalized an agreement with a US-based company for the procurement of 113 jet engines for its indigenous Tejas fighter aircraft fleet. This deal underscores India’s ongoing efforts to bolster its defense capabilities and promote domestic manufacturing. Additionally, the Supreme Court has issued directives to authorities to clear highways of stray animals and to fence government institutions to prevent stray dog attacks, addressing public safety concerns.
Twitter Updates
Over the past 24 hours, discussions on influential Indian financial news outlets, journalists, and market analysts on Twitter were dominated by several key themes, reflecting both national events and market-moving financial news.
The most immediate and widespread topic was the car explosion near the Red Fort in New Delhi. Tweets expressed deep concern, condolences for the victims, and calls for a swift and thorough investigation into the cause of the blast. News organizations provided real-time updates, while analysts and public figures commented on the security implications and the need for vigilance.
The subsequent crackdown by Jammu & Kashmir Police also featured in these discussions, linking internal security measures to the broader national context.
In the financial sphere, the Indian stock market’s rebound on Monday, November 10, after a three-day losing streak, was a major talking point. Market analysts and financial journalists highlighted the positive closing of Sensex and Nifty, attributing it to a combination of factors. Optimism surrounding a potential resolution to the US government shutdown and expectations of a US Federal Reserve rate cut in December were frequently cited as key global drivers.
Domestically, hopes for strong corporate earnings in Q3 FY26 also contributed to the positive sentiment.
A significant market-moving narrative was the upgrade of Indian equities to ‘overweight’ by Goldman Sachs, with a Nifty target of 29,000 by December 2026. This bullish outlook from a major global brokerage generated considerable discussion, with many analysts interpreting it as a strong vote of confidence in India’s economic trajectory and earnings growth potential. The implications of this upgrade for foreign institutional investment flows were also a recurring theme.
Economic data releases, particularly the easing of India’s unemployment rate to 5.2% in Q2 FY26, also garnered attention. Discussions revolved around the drivers of this improvement, such as increased rural employment and female workforce participation, while also noting the slight uptick in urban unemployment and the rise in youth joblessness. The government’s projection of GDP growth upwards of 6.8% in FY26 was met with commentary on its feasibility and the role of policy measures like GST rate cuts and income tax relief.
Other themes included discussions around specific company earnings (e.g., Nykaa’s tripled Q2 profit, Trent’s decline despite profit), commodity price movements (gold rally), and government policy initiatives like the proposed ‘country of origin’ filters for e-commerce. Overall, the Twitter landscape reflected a dynamic interplay of national events, macroeconomic trends, and specific market and corporate developments, shaping investor and public sentiment.
Stock Market
The Indian stock market witnessed a positive trading session on Monday, November 10, 2025, with frontline indices reversing a three-day decline. The S&P BSE Sensex climbed 319.07 points, or 0.38%, to settle at 83,535.35. Concurrently, the NSE Nifty 50 advanced 82.05 points, or 0.32%, closing at 25,574.35. This upward movement was largely attributed to a combination of positive global cues and improving domestic sentiment.
Globally, Asian markets, including Korea’s Kospi (up 3.02%), Japan’s Nikkei (up 1.33%), and Hong Kong’s Hang Seng (up 1.55%), showed significant gains, driven by expectations of an imminent resolution to the prolonged US government shutdown and potential interest rate cuts by the US Federal Reserve in December. European markets also traded mostly higher.
Domestically, investor sentiment was bolstered by hopes of an earnings recovery from the third quarter onwards. Foreign Institutional Investors (FIIs) showed renewed buying interest, partly due to attractive valuations in large-cap stocks and a favorable macroeconomic outlook. Notably, global brokerage firm Goldman Sachs upgraded its rating for Indian equities from ‘neutral’ to ‘overweight,’ setting a Nifty50 target of 29,000 by December 2026, indicating a potential upside of approximately 14% from Friday’s closing levels.
Sector-wise, the Nifty IT index was a top performer, surging 1.62%, benefiting from optimism regarding stabilizing overseas tech spending and the potential end of the US government shutdown. Other sectors that saw healthy gains included Pharma (up 0.95%) and Metal (up 0.55%). In contrast, Nifty Media (down 1.04%), Realty (down 0.24%), FMCG (down 0.19%), and PSU Bank (down 0.14%) ended the day in negative territory. The BSE Midcap index outperformed, rising 0.62%, while the Smallcap index underperformed, falling 0.28%.
Top 5 Gainers
On Monday, November 10, 2025, the Nifty 50 index saw several prominent stocks register significant gains. Infosys (INFY) emerged as the top gainer, with its shares climbing 2.59% to close at ₹1,519.1. This surge in IT stocks was broadly supported by improving global sentiment and expectations of stabilizing tech spending overseas.
Bajaj Finance (BAJFINANCE) was another strong performer, advancing 1.88% to ₹1,085.0. The stock’s movement was observed ahead of its anticipated second-quarter results announcement, contributing to positive market sentiment. HCL Technologies (HCLTECH) also recorded a notable increase, rising 1.82% to settle at ₹1,540.7, benefiting from the overall positive trend in the IT sector.
Other significant gainers in the Nifty 50 included Coal India (COALINDIA), which saw its shares go up by 1.48% to ₹381.4, and Asian Paints (ASIANPAINT), which rose 1.46% to ₹2,650.4. Beyond the Nifty 50, the broader market also saw strong individual stock performances. In the Nifty Midcap 100, National Aluminium Company (NATIONALUM) surged 9.61% after reporting a 36.71% annual growth in its standalone net profit for Q2FY26 to ₹1,429.94 crore. FSN E-Commerce Ventures (NYKAA) climbed 5.75% after its Q2 profit more than tripled year-on-year.
Reliance Power also ended 5% higher at ₹41 apiece.
These gains were largely driven by a combination of factors including positive global cues, such as optimism surrounding the potential resolution of the US government shutdown, and strong domestic corporate earnings reports. The Nifty IT index, in particular, surged nearly 2%, reflecting improved risk-on sentiment.
Top 5 Losers
On Monday, November 10, 2025, several stocks experienced declines, with Trent (TRENT) leading the losses within the Nifty 50 index. Trent’s shares closed 7.42% lower at ₹4,280.6, despite the company reporting an 11% year-on-year rise in its consolidated net profit to ₹373 crore for the September FY26 quarter. The decline was attributed to cautious sentiment among analysts and multiple brokerage firms cutting their target prices following the company’s Q2 results.
Beyond the Nifty 50, other significant losers included Transformers & Rectifiers, whose shares plunged 20% to ₹313.15 apiece. This sharp decline was a direct consequence of the company reporting a weak set of numbers for its second quarter. Similarly, Graphite India saw its shares decline by 7% to ₹538.30 apiece after the company’s Q2 net profit more than halved, indicating a challenging financial performance.
In the Nifty Smallcap 100, KEC International (-5.31%), Whirlpool of India (-4.78%), Ola Electric Mobility (-4.62%), International Gemmological Institute (-4.19%), and Signature Global (-3.57%) were among the top laggards. The BSE also saw 199 stocks hitting their 52-week lows, including Trent, Westlife Foodworld, Tejas Networks, Godrej Agrovet, Deepak Nitrite, and Clean Science and Technology.
These declines highlight that while the broader market saw a rebound, specific company-centric factors, particularly weaker-than-expected earnings reports and subsequent analyst downgrades, led to significant selling pressure on individual stocks. The overall market breadth was slightly negative, with more declining stocks than advancing ones on the NSE, indicating selective risk appetite among investors.
Top 5 Volume Gainers
On Monday, November 10, 2025, several stocks experienced high trading volumes while also registering price gains, indicating strong investor interest. Bharat Electronics (BEL) was a notable volume gainer, with its shares increasing by 0.63% to close at ₹416.85. The company’s shares were actively traded, reflecting positive sentiment, potentially driven by recent announcements or order wins in the defense sector.
Shriram Finance (SHRIRAMFIN) also saw significant trading activity, with its stock rising 0.58% to ₹821.10. This performance contributed to the overall positive movement in the financial services sector. HDFC Bank (HDFCBANK), a banking heavyweight, recorded substantial trading volume and its shares edged up by 0.22% to ₹984.50.
Other stocks that combined high volume with price gains included Tata Steel (TATASTEEL), which saw a modest increase of 0.06% to ₹181.48, and ICICI Bank (ICICIBANK), which rose 0.37% to ₹1,348.00. These movements suggest sustained interest in large-cap banking and metal stocks.
Additionally, Jio Financial Services (JIOFIN) traded with high volume, gaining 0.89% to ₹301.95. Bharti Airtel (BHARTIARTEL) also saw considerable volume, with its shares rising 0.93% to ₹2,019.80. Reliance Industries (RELIANCE) was another actively traded stock, closing 0.76% higher at ₹1,489.30. These stocks indicate broad-based participation across various sectors, with investors accumulating shares in companies showing positive momentum or strong fundamentals. The overall market saw 3.56 crore equity shares traded on the NSE, reflecting active participation.
Top 5 Volume Losers
On Monday, November 10, 2025, several stocks experienced high trading volumes concurrently with price declines, indicating selling pressure. Trent (TRENT) was a prominent example, with its shares falling 7.43% to ₹4,283.70 on significant volume. This decline, despite an increase in net profit, was influenced by cautious analyst ratings and target price cuts.
Petronet LNG (PETRONET) also featured among the volume losers, with its stock declining 0.31% to ₹277.65 amidst active trading. This suggests some investors were offloading positions in the energy sector. Kalyan Jewellers India Ltd (KALYANKJIL) was another stock that saw high trading volume coupled with a price loss, indicating profit-booking or negative sentiment in the consumer discretionary segment.
While specific percentage changes for all top volume losers were not uniformly available across all sources, the trend indicates that stocks with disappointing quarterly results or negative analyst outlooks, even if they are fundamentally strong, attracted selling interest. For instance, Transformers & Rectifiers plunged 20% on weak Q2 earnings, likely accompanied by high volume as investors exited positions. Graphite India also saw a 7% drop after its Q2 net profit halved, which would typically involve increased trading activity.
The overall market breadth on the NSE was slightly negative, with more than 2,180 stocks declining against 1,780 advancing stocks, suggesting that while benchmark indices rose, a significant number of individual stocks faced downward pressure and high trading volumes during their fall.
Company News
Several Indian corporations announced significant developments and earnings reports in the past 8 hours. FSN E-Commerce Ventures, the parent company of Nykaa (NYKAA), reported a robust financial performance for the second quarter of FY26. The company’s Q2 profit more than tripled year-on-year, a growth primarily attributed to sustained strong demand in the makeup and skincare segments, alongside successful new global brand tie-ups.
Following this positive news, Nykaa’s shares climbed 6% to ₹260 apiece.
National Aluminium Company (NALCO) also delivered strong results for Q2FY26, announcing a significant 36.71% annual growth in its standalone net profit, which reached ₹1,429.94 crore, compared to ₹1,045.97 crore in the year-ago period. This impressive performance led to NALCO shares increasing by 9.61% on the market.
In the automotive components sector, UNO Minda saw its shares gain 8% to ₹1,318.70 apiece. This surge was a reaction to the company’s better-than-expected September quarter performance, further bolstered by target price upgrades from various brokerage firms.
Conversely, some companies faced challenges. Trent (TRENT) shares fell 7.42% despite an 11% YoY rise in consolidated net profit to ₹373 crore for Q2FY26, as analysts expressed caution and cut target prices. Transformers & Rectifiers plunged 20% to ₹313.15 apiece after reporting weak Q2 numbers.
Graphite India also saw a 7% decline as its Q2 net profit more than halved.
These varied corporate performances highlight the selective nature of the market, where strong earnings are rewarded, while weaker results or cautious outlooks can lead to significant stock price corrections, even amidst a broader market rebound.
World Financial News
Global financial news significantly impacted Indian markets over the past 8 hours, primarily driven by developments in the United States. A key factor was the growing optimism among international investors regarding a potential resolution to the prolonged US government shutdown. This sentiment led to a risk-on environment across global markets, which positively influenced Indian equities.
Adding to this positive outlook were strengthening expectations for another interest rate cut by the US Federal Reserve in December. Recent data indicating a sharp fall in US consumer sentiment in November to its second-lowest reading on record has reinforced these expectations, suggesting the Fed might ease monetary policy to support economic activity.
In response to these global cues, major Asian markets, such as South Korea’s Kospi, Japan’s Nikkei, and Hong Kong’s Hang Seng, registered gains of up to 3%. European markets, including the UK’s FTSE, France’s CAC 40, and Germany’s DAX, also saw increases of up to 2% during the session. This broad-based global rally contributed to renewed buying interest from Foreign Institutional Investors (FIIs) in the Indian market, providing crucial support for the Sensex and Nifty to snap their three-day losing streak.
Furthermore, easing US-China trade tensions, with Beijing temporarily lifting restrictions on exports of gallium, germanium, and antimony to the United States, was also noted as a positive development, although its direct impact on India was not explicitly detailed in the immediate market reaction. Overall, the global financial landscape, particularly the US economic and political developments, played a pivotal role in shaping investor sentiment and market performance in India today.
Economy
India’s economic landscape saw positive developments with the release of key labor market data. The unemployment rate for individuals aged 15 years and above in India eased to 5.2% in the July-September quarter (Q2 FY26), down from 5.4% in the preceding three months. This improvement was largely attributed to a significant increase in rural employment during the farming season and a notable pick-up in female participation in the workforce.
Specifically, the unemployment rate in rural areas fell to 4.4% from 4.8% in the previous quarter. However, urban unemployment saw a marginal increase to 6.9% from 6.8%. The overall labor force participation rate (LFPR) also rose slightly to 55.1% from 55.0% in Q1 FY26, with female participation increasing to 33.7% from 33.4%, continuing an upward trend in women’s engagement in the workforce. The share of self-employed workers in rural areas increased to 62.8% from 60.7%, reflecting seasonal farm activity.
Regarding economic growth, Chief Economic Advisor (CEA) V Anantha Nageswaran expressed confidence that India’s GDP growth would be upwards of 6.8% in the current financial year (FY26). This optimistic projection is underpinned by anticipated consumption boosts stemming from GST rate cuts and income tax relief measures. The Economic Survey, tabled in January, had projected real economic growth of 6.3-6.8% for FY26.
In other economic news, the government has allowed 1.5 million tonnes of sugar exports for the 2025-26 season. This decision aims to manage potential stock increases due to a projected 16% rise in sugar production and improve cash flow for the industry. Defence Public Sector Undertakings (DPSUs) contributed 71.6% of the total defense production in FY 2024-25, highlighting the sector’s significant contribution to the economy.
Economic Indicators
Key economic indicators released today provide insights into India’s recent economic performance. The unemployment rate for individuals aged 15 years and above in India eased to 5.2% in the July-September quarter (Q2 FY26), a decrease from 5.4% in the preceding three months. This improvement was primarily driven by increased employment in rural areas, particularly during the farming season, and a notable rise in female participation in the workforce.
The Periodic Labour Force Survey (PLFS) data, released by the Ministry of Statistics, indicated that rural unemployment fell to 4.4% from 4.8%, while urban unemployment saw a marginal uptick to 6.9% from 6.8%. The overall labour force participation rate (LFPR) also rose slightly to 55.1% from 55.0% in Q1 FY26.
In terms of external sector indicators, India’s forex reserves experienced a decline, falling by $5.6 billion to $689.73 billion as of October 31, 2025. This movement in foreign exchange reserves is a closely watched indicator for economic stability and the rupee’s valuation.
While specific real-time updates on other indicators like the Index of Industrial Production (IIP), Purchasing Managers’ Index (PMI), trade balance, and Goods and Services Tax (GST) collections for the past 8 hours were not prominently available, the unemployment data provides a crucial snapshot of the labor market. The government’s projection of India’s GDP growth to be upwards of 6.8% in FY26, supported by consumption boosts from GST rate cuts and income tax relief, suggests a positive outlook despite some fluctuations in other indicators. The share of self-employment among total workers rose to 55.8% in Q2 from 54.4% in Q1, reflecting an increase in unpaid household and own-account workers, while regular salaried work declined slightly.
Commodities
In the commodities market, gold and silver prices saw significant movements over the past 8 hours. Gold rallied by ₹1,300, reaching ₹1,25,900 per 10 grams. This upward trend in gold prices often reflects investor uncertainty or a flight to safety, though specific drivers for this particular surge were not explicitly detailed in the immediate news.
Silver also experienced a notable bounce, increasing by ₹2,460. The movements in precious metals are often influenced by global economic outlooks, inflation expectations, and currency fluctuations.
In agricultural commodities, a significant development was the Indian government’s decision to allow 1.5 million tonnes of sugar exports for the 2025-26 season. This move is aimed at managing potential excess stock due to a projected 16% increase in sugar production and improving the cash flow for the sugar industry. The profitability of these exports will largely depend on prevailing global prices.
The government is also considering removing export duty on molasses, which is expected to further enhance cash flow and reduce pressure from excess stock.
Information regarding specific real-time price movements for crude oil within the past 8 hours was not prominently available in the search results. However, the broader global market sentiment, influenced by optimism surrounding the potential resolution of the US government shutdown, would indirectly affect crude oil prices. Generally, a more stable global economic outlook tends to support demand for industrial commodities like crude oil.
Overall, the commodity market showed a mixed trend with precious metals gaining and agricultural policy impacting sugar.
Geopolitics
Geopolitical developments over the past 8 hours had implications for India, both domestically and internationally. A significant international development was India’s agreement with a US-based company for the purchase of 113 jet engines for its indigenous Tejas fighter aircraft fleet. This deal underscores the strengthening defense cooperation between India and the United States and is a strategic move to enhance India’s air force capabilities and self-reliance in defense manufacturing.
On the domestic front, hours before the car explosion near the Red Fort in New Delhi, the Jammu & Kashmir Police carried out a wide-scale crackdown across approximately 10 districts in the Kashmir Valley. This operation involved raids at over 70 locations and the detention or binding down of around 100 individuals, including those linked to Pakistan-occupied Kashmir (PoK) or Pakistan-based Kashmiri natives and ‘over ground workers’ (OGWs). This preemptive action highlights ongoing internal security challenges and efforts to maintain stability in the region.
Globally, the financial markets, including India, were positively influenced by growing optimism surrounding a potential resolution to the prolonged US government shutdown. This global sentiment, driven by hopes of political stability in a major economy, contributed to a risk-on environment and supported the rebound in Indian equity markets. While not directly a geopolitical event, the US government’s stability has broad economic and political ripple effects worldwide.
India also reaffirmed its commitment to achieving global climate goals and announced plans to join an international forest protection initiative, showcasing its role in global environmental governance.
News of the Hour
The most critical and trending news in the last few hours revolves around a devastating car explosion near the historic Red Fort in New Delhi. The blast, which occurred on Monday, November 10, 2025, near one of the gates of the Red Fort metro station, resulted in the deaths of at least eight people and left 19 others injured. The explosion also triggered a fire that damaged several vehicles parked nearby.
Following the incident, Prime Minister Narendra Modi reviewed the situation, and Home Minister Amit Shah briefed him on the developments. New Delhi police have launched an investigation into the cause of the explosion, which remains unclear. Authorities have not yet confirmed whether it was a bomb blast.
In response to the incident, a high alert has been sounded in Delhi, and security has been beefed up in major cities across India, including Karnataka, where the police chief issued directions to his officers.
This event has dominated national news headlines, with live updates being provided by various media outlets. The immediate aftermath saw several fire engines rushing to the scene, and local media broadcasted videos showing damaged vehicles and a police cordon. A witness described hearing a ‘window-shattering sound’ before seeing flames engulfing multiple vehicles.
Hours before this blast, the Jammu & Kashmir Police conducted a wide-scale crackdown in 10 districts, detaining around 100 individuals, a development also closely watched in the context of national security. The incident has prompted widespread concern and calls for a thorough investigation from political parties like the Congress.
General News
Several significant national stories emerged from India in the past 8 hours. The most impactful event was a car explosion near the historic Red Fort in New Delhi on Monday, November 10, 2025. This blast tragically killed at least eight people and injured 19 others, also causing damage to nearby vehicles. New Delhi police are actively investigating the cause, which is currently unknown.
The incident led to a high alert in the capital and increased security measures across major Indian cities.
Preceding the Delhi blast, the Jammu & Kashmir Police conducted a large-scale crackdown across 10 districts in the Kashmir Valley. This operation, on Monday, November 10, 2025, involved raids at over 70 locations and resulted in the detention or binding down of approximately 100 individuals, including those suspected of links to Pakistan-occupied Kashmir (PoK) or Pakistan-based Kashmiri natives and ‘over ground workers’ (OGWs). This action highlights ongoing efforts to address security concerns in the region.
In a key defense development, India finalized an agreement with a US-based company for the procurement of 113 jet engines for its indigenous Tejas fighter aircraft fleet. This deal signifies a strategic move to enhance India’s defense capabilities and foster self-reliance in military technology.
Furthermore, the Supreme Court issued a directive to authorities, ordering the removal of stray animals from highways and the fencing of government institutions to prevent stray dog attacks. This ruling addresses public safety and infrastructure concerns. Other news included India reaffirming its commitment to global climate goals at COP 30 and announcing plans to join an international forest protection initiative, as well as Prime Minister Modi stating that Uttarakhand could become a global hub for spiritual tourism and meditation.
Analyst Ratings
A significant development in analyst ratings for India came from global brokerage firm Goldman Sachs. On Monday, November 10, 2025, Goldman Sachs upgraded its stance on Indian equities to ‘overweight’ from ‘neutral’. This positive revision comes 13 months after the firm had downgraded India to ‘neutral’ in October 2024. The brokerage has now set an ambitious Nifty50 target of 29,000 by December 2026, suggesting a potential upside of approximately 14% from Friday’s closing levels.
Goldman Sachs’ upgrade is based on its belief that India’s equity markets are well-positioned for recovery, supported by several factors. These include anticipated policy easing, improving corporate earnings, and better investor sentiment after a year of underperformance. The firm expects MSCI India’s profits to grow from 10% this year to 14% next year, driven by a better nominal growth environment.
Despite India’s high valuation (23 times 12-month forward P/E), Goldman Sachs expects only a moderate de-rating of 5% in its base case over the next two years.
In other analyst activity, Jefferies India provided ‘Buy’ recommendations for several stocks. Specifically, Jefferies suggested buying Bharat Electronics (BEL) and Union Bank shares on November 10, 2025. They also highlighted four ‘Buy’ recommendations with up to 23% upside potential and four ‘Buy’ recommendations in the banking sector (ICICI, HDFC, PNB, IndusInd) with up to 17% upside potential.
Conversely, some stocks faced target price cuts from brokerages. Trent (TRENT) saw multiple brokerage firms reduce their target prices following its September quarter results, contributing to a 7.42% decline in its share price. These varied ratings reflect a selective approach by analysts, rewarding strong earnings and growth prospects while cautioning on companies with softer performance or valuation concerns.
FII & DII Activity
The activity of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) provides crucial insights into market sentiment and capital flows. On Monday, November 10, 2025, DIIs demonstrated strong buying interest in the Indian equity market. They were net buyers in the cash segment, acquiring equities worth ₹5,805.26 crore.
This sustained domestic institutional support signals confidence in the Indian market despite global uncertainties.
Conversely, FIIs were net sellers in the cash segment on November 10, offloading equities valued at ₹4,114.85 crore. This indicates a cautious stance or profit-booking by foreign investors on this particular day.
Looking at the previous trading day, Friday, November 7, 2025, FIIs were net buyers, injecting ₹4,581.34 crore into the cash segment. DIIs also showed robust buying activity on November 7, acquiring stocks worth ₹6,674.77 crore. This combined institutional buying on Friday contributed to a positive market sentiment leading into Monday’s session.
For the month to date (November 2025), provisional data indicates that FIIs have remained net sellers, with outflows of approximately ₹12,570 crore, while DIIs have been net buyers, with inflows of around ₹8,000 crore. This trend suggests that domestic institutions are providing a counterbalance to FII outflows, absorbing selling pressure and supporting the market. Goldman Sachs noted that foreign investors had sold over USD 30 billion worth of Indian equities in the past year, pushing foreign ownership to nearly 20-year lows, but they expect this trend to reverse with improving corporate earnings and macroeconomic indicators.
Sector Spotlight
Analyzing sectoral performance on Monday, November 10, 2025, reveals a mixed but generally positive picture, with some sectors leading the rally while others lagged. The Information Technology (IT) sector emerged as the top performer, with the Nifty IT index surging 1.62%. This strong performance was attributed to renewed optimism regarding stabilizing overseas tech spending, particularly in light of hopes for a resolution to the US government shutdown, which could benefit software exporters.
The Pharmaceutical (Pharma) sector also showed healthy gains, with the Nifty Pharma index rising 0.95%. This was likely driven by defensive demand and potentially positive company-specific news or a favorable outlook for the healthcare industry. The Metal sector, represented by the Nifty Metal index, advanced 0.55%, benefiting from optimism over Chinese stimulus measures and strong global commodity prices.
Other sectors that closed higher included Energy, Auto, Financial Services, and FMCG, although their specific percentage gains were not as pronounced as IT, Pharma, and Metal.
On the other hand, some sectors experienced declines. The Nifty Media index was the top laggard, falling 1.04%. This underperformance could be due to various factors, including specific company news, advertising revenue concerns, or broader market sentiment towards the sector. The Realty sector also saw a decline, with the Nifty Realty index dropping 0.24%. Nifty FMCG fell 0.19%, and PSU Bank declined 0.14%.
In terms of broader market segments, the BSE Midcap index outperformed, rising 0.62%, while the Smallcap index underperformed, falling 0.28%. This indicates a selective risk appetite, with investors favoring mid-cap companies over small-caps on this particular day. The overall sectoral movements reflect a market reacting to both global macroeconomic signals and domestic corporate earnings expectations.
IPO Watch
The Indian IPO market remains active in November 2025, with several new offerings for investors to consider. Among the upcoming mainboard IPOs, PhysicsWallah (PHYSICS) is scheduled to open from November 11 to November 13, with a price band of ₹103 – ₹109 per share. PhysicsWallah is a prominent EdTech platform in India, known for its online learning programs and coaching services.
Another significant upcoming IPO is Emmvee Photovoltaic Power (EMMVEE), which will also open from November 11 to November 13, with a price band of ₹206 – ₹217 per share. Emmvee Photovoltaic Power is involved in the manufacturing of solar photovoltaic modules and related products, aligning with the growing renewable energy sector.
Tenneco Clean Air India (TCAIL) has its IPO scheduled from November 12 to November 14. While specific business details were not immediately available, the name suggests involvement in automotive or industrial clean air solutions. Fujiyama Power Systems (FUJIYAMA) is slated for November 13 to November 17, with a price range of ₹216.00 to ₹228.00.
Currently active IPOs include Pine Labs (PINELABS), which opened on November 7 and closes on November 11, with a price band of ₹210 – ₹221. Pine Labs is a merchant commerce platform providing payment solutions. Other active SME IPOs include Shining Tools, Curis Lifesciences, and Finbud Financial, all closing on November 11 or 10.
Looking slightly ahead, Capillary Technologies is expected from November 14-18. The IPO market continues to offer diverse opportunities across various sectors, from technology and renewable energy to manufacturing and financial services.
Market Sentiment
The current market sentiment in India can be classified as ‘Neutral to Greed’. This assessment is primarily driven by the significant rebound observed in benchmark indices, the Sensex and Nifty, on Monday, November 10, 2025, after a three-day losing streak. The Sensex climbed 0.38% and the Nifty 50 rose 0.32%, indicating a return of positive investor confidence.
A major contributing factor to this improved sentiment is the widespread optimism across global markets regarding a potential resolution to the prolonged US government shutdown. This development is perceived as reducing global economic uncertainty, thereby encouraging risk-on sentiment. Additionally, expectations of another interest rate cut by the US Federal Reserve in December further fueled positive sentiment, as it signals a supportive monetary policy environment.
Domestically, the sentiment is also being bolstered by hopes of a strong earnings recovery from the third quarter onwards. This expectation is attracting renewed buying interest from Foreign Institutional Investors (FIIs), who, along with Domestic Institutional Investors (DIIs), provided net buying support on the previous trading day (November 7) and DIIs continued to be net buyers today.
Further reinforcing the positive outlook, global brokerage Goldman Sachs upgraded its rating for Indian equities to ‘overweight,’ setting a Nifty50 target of 29,000 by December 2026. This strong endorsement from a major global firm significantly contributes to a ‘Greed’ component in the sentiment.
However, the sentiment is not entirely ‘Extreme Greed’ due to some underlying cautiousness. The BSE Smallcap index underperformed, and a significant number of stocks (199) hit 52-week lows, indicating selective selling pressure and a discerning approach by investors. The overall market breadth was slightly negative, with more declining stocks than advancing ones on the NSE, suggesting that while the headline indices are up, not all segments are participating equally in the rally.
Therefore, while there is clear positive momentum and strong institutional backing, a degree of prudence remains, placing the sentiment in the ‘Neutral to Greed’ category.
Upcoming Corporate Events
Several key corporate events are scheduled in India over the coming weeks, offering platforms for industry engagement, networking, and business development. From November 25 to 27, 2025, the CPHI & PMEC India 2025 will take place at the India Expo Centre in Greater Noida. This premier event in the pharmaceutical industry brings together experts to meet, learn, share ideas, and drive business forward, focusing on pharmaceutical excellence across South Asia.
Looking into December, the 2nd IntraPac India exhibition, dedicated to Packaging and Processing, is scheduled from December 10 to 13, 2025, also at the India Expo Centre in Greater Noida. This event, organized by IPAMA, aims to be a significant platform for the packaging industry.
In the technology sector, the Bengaluru Tech Summit (BTS) 2025 is set to run from November 18 to 20 at the Bangalore International Exhibition Centre (BIEC). This event is Asia’s leading technology, innovation, startup, and business summit, featuring global participation, exhibitions, conferences, awards, and networking opportunities under the theme ‘Futurise the World.’ The exhibition at BTS 2025 is expected to host over 1,200 exhibitors from India and more than 60 countries.
Other notable upcoming events include various business and tech professional networking affairs, such as Investors Lunch events in Delhi on November 27. The International Conference on Business Management and Social Science (ICBMSS) is also scheduled for November 10, 2025, at Radisson Noida. The GCC Annual Conclave 2025, themed ‘Future-proofing Indian GCCs,’ will be held on November 26, 2025, at Sheraton Whitefield, Bengaluru, focusing on the evolving role of Global Capability Centres in India.
These events cover a broad spectrum of industries, from pharmaceuticals and packaging to technology and business management, indicating a vibrant corporate calendar aimed at fostering growth and collaboration.
Policy & Regulation
Recent policy and regulatory developments in India indicate a focus on promoting domestic industries and ensuring public safety. The Indian government has proposed implementing mandatory ‘country of origin’ filters for e-commerce platforms. This policy initiative aims to encourage consumers to identify and prioritize domestically manufactured products, thereby supporting local businesses and the ‘Make in India’ initiative.
The potential impact of this regulation could be significant for both domestic manufacturers and international e-commerce players operating in India, potentially shifting consumer purchasing patterns.
In the agricultural sector, the government announced a policy decision to allow the export of 1.5 million tonnes of sugar for the 2025-26 season. This measure is intended to address the anticipated surplus in sugar production, which is projected to increase by 16%, and to improve the financial health and cash flow of the sugar industry. The profitability of these exports will, however, be contingent on global sugar prices.
Additionally, there is a consideration to remove the export duty on molasses, which would further aid the industry by reducing excess stock pressure.
From a regulatory standpoint concerning public safety and infrastructure, the Supreme Court of India has issued directives to authorities. These directives mandate the clearing of stray animals from highways and the fencing of government institutions to prevent incidents like stray dog attacks. This policy aims to enhance road safety and public health across the country.
While no specific new policy changes from the Reserve Bank of India (RBI) or the Securities and Exchange Board of India (SEBI) were prominently reported within the last 8 hours, the government’s actions in e-commerce and agriculture highlight its active role in shaping economic and social landscapes. The Defence Public Sector Undertakings (DPSUs) contributing 71.6% of total defense production in FY 2024-25 also reflects ongoing government policy support for indigenous defense manufacturing.
