India Stock Market Today November 24, 2025: Nifty 50 Slips: Profit Booking Hits Banks
Comprehensive daily briefing on the Indian financial landscape for November 24, 2025. Get expert analysis on Sensex, Nifty, economy, FII/DII, and key…
India News Commentary
Last updated: Mon, 24 Nov 2025 15:00:51 GMT
Today’s Briefing
Indian markets opened with cautious optimism today, but ended lower amidst profit-booking. The RBI Governor hinted at further rate cuts, while FIIs showed mixed activity amid strong DII support.
Key sectors like IT and Auto showed some resilience, but global trade uncertainties remain a watchpoint.
Breaking News
Reserve Bank of India (RBI) Governor Sanjay Malhotra, in an interview today, confirmed that there is indeed room for further reductions in policy interest rates.
This pronouncement has sent a wave of anticipation through the markets, especially after India’s retail inflation, as measured by the Consumer Price Index (CPI), plummeted to a historic low of 0.25% in October 2025.
This marks the ninth consecutive month that inflation has remained below the RBI’s 4% target and the third consecutive month below the 2% lower tolerance band, fueling speculation that the Monetary Policy Committee (MPC) could deliver another rate cut as early as December.
The Governor’s comments were further bolstered by robust macroeconomic data, indicating sustained domestic growth.
While the MPC has maintained a pause since August after cumulative 100 basis points cuts in the first half of 2025, the prevailing low inflation environment provides significant flexibility.
Market analysts are now widely predicting a 25 basis point (bps) repo rate cut in the upcoming December policy meeting, which would be a boon for borrowers and potentially stimulate further economic activity.
This sentiment reflects a cautious yet optimistic outlook on India’s ability to manage inflation while fostering growth.
Twitter Updates
The Indian financial Twitter community (FinTwit) is heavily discussing the recent statements by RBI Governor Sanjay Malhotra regarding potential interest rate cuts.
#IndiaInflation is trending, with users highlighting the surprisingly low CPI figures of 0.25% in October and debating the implications for future monetary policy.
The hashtag #RBIMPC is also gaining traction as investors and analysts speculate on the likelihood of a 25 basis point repo rate cut in December.
Many tweets are reflecting a cautiously bullish sentiment, anticipating increased liquidity and a boost to credit growth.
Discussions also encompass the resilience of Indian markets despite global headwinds, with #MarketOutlook being used to share views on sectoral performance and investment strategies for the festive season and beyond.
Key Voices
Kaushik Das of Deutsche Bank stated, “We expect RBI to deliver a 25bps repo rate cut in the Dec policy.
Based on our forecast of FY27 growth, inflation and real rates, a simple Taylor Rule formula indicates that the terminal repo rate should fall to 5.25%, from 5.5% currently.” Radhika Rao of DBS echoed this sentiment, noting, “RBI’s rate move in Dec will be a close call, as Q2 GDP data in late Nov will show growth at a firm 7%+ while Oct inflation slipped to a series low.
To make a case for rate reductions despite strong growth numbers, RBI MPC will likely highlight risks to the forward-looking growth trajectory, with prevailing low inflation providing them with the necessary room to reduce rates.” These expert opinions underscore a growing consensus that India’s macroeconomic stability, marked by controlled inflation and robust growth, provides the central bank ample room for supportive policy measures.
Stock Market
The Indian equity markets commenced the week with a positive bias, with both Sensex and Nifty 50 opening in the green. However, markets declined in the final hour, paring early gains.
The 30-share BSE Sensex declined by 331.21 points or 0.39% to settle at 84,900.71. The 50-share NSE Nifty fell by 108.65 points or 0.42% to 25,959.50, closing below its psychological level of 26,000.
This downturn was largely attributed to profit-booking across segments amidst mixed global cues. The IT sector saw renewed buying interest, benefiting from improved corporate spending and stable global tech demand.
Similarly, automobile stocks witnessed traction, driven by robust festive demand and a positive outlook for rural consumption.
However, Metal and Realty sectors were among the major laggards. Despite some lingering global uncertainties and mixed cues from international markets, domestic institutional investors (DIIs) continue to provide strong support, offsetting intermittent foreign institutional investor (FII) outflows.
Analysts suggest that Nifty faces minor resistance at 26,100 and 26,250, with strong support observed at 25,900, indicating a range-bound yet upward-biased trading week ahead.
Top 5 Gainers
Tech Mahindra surged, marking a 2.24% increase. Eicher Motors advanced 1.74%, while Bajaj Auto rose 1.30%. Other IT stocks like Infosys and Wipro were also major gainers.
Top 5 Losers
JSW Steel retreated 2.64%, leading the losses. Bharat Electronics slipped 2.32%, followed by Max Healthcare Institute, down 2.25%. Hindalco Industries also declined. Tata Steel declined due to concerns over global commodity price volatility and China’s industrial output.
DLF saw profit-booking after its recent rally, with investors cautious about rising interest rates impacting the real estate sector. Grasim Industries and Mahindra & Mahindra also recorded losses.
Top 5 Volume Gainers
HDFC Bank and ICICI Bank witnessed high trading volumes as investors positioned themselves ahead of potential RBI rate cuts, which are expected to boost credit growth and Net Interest Margins (NIMs) for the banking sector.
L&T also saw elevated volumes, indicating strong interest in the infrastructure space, driven by continued government capital expenditure and project pipeline.
Top 5 Volume Losers
Companies like JSW Steel experienced lower volumes, suggesting a lack of fresh buying interest following recent gains. Similarly, some mid-cap textile manufacturers saw reduced trading activity as investors shifted focus to other sectors, indicating a period of consolidation.
Company News
The Indian government has reportedly resumed discussions on merging three major state-owned general insurers: Oriental Insurance, National Insurance, and United India Insurance, signaling potential consolidation in the sector.
Meanwhile, IT major TCS is collaborating with TPG for a substantial $2 billion AI data centre project, underscoring India’s growing focus on advanced technological infrastructure.
Furthermore, Reliance Industries announced a strategic investment in a green hydrogen startup, aligning with India’s renewable energy ambitions and pushing towards decarbonization.
Economy
India’s economic landscape remains a beacon of resilience amid global uncertainties. The International Monetary Fund (IMF) recently revised India’s GDP growth outlook for FY2025-26 upwards to 6.6% from 6.4%. Meanwhile, the RBI projects an impressive 6.8% growth for FY 2025-26.
This optimistic outlook is underpinned by robust domestic demand, particularly private consumption, which has shown a strong rebound aided by easing inflation.
The manufacturing sector is revving up production, supported by higher capacity utilization and government incentives like the Production Linked Incentive (PLI) schemes. Infrastructure and construction are also driving growth, fueled by mega road projects, metro rail expansions, and government-backed investments.
Despite global economic moderation, India’s strong fundamentals and transformative policy reforms are expected to maintain its position as a key global growth engine, propelling it towards becoming the world’s third-largest economy.
Economic Indicators
The most significant economic indicator released recently is the Consumer Price Index (CPI) inflation for October 2025, which registered a record low of 0.25% year-on-year.
This substantial drop from 1.44% in September was primarily driven by a sharp fall in food prices, reflecting improved weather conditions and effective supply-side measures. Core inflation also remained subdued, providing the RBI ample room for a dovish monetary policy.
Additionally, while not released today, the latest available industrial production data showed a modest expansion, signaling steady activity in the manufacturing and mining sectors.
The trade deficit, though slightly widened in the previous month, is being carefully monitored amidst global trade tensions. Overall, these indicators collectively paint a picture of a stable macroeconomic environment, supportive of growth and further policy flexibility.
Commodities
Gold prices held steady in the domestic market, trading within a narrow range as investors awaited clearer signals from global central banks.
The precious metal found support from persistent geopolitical uncertainties, preventing a significant downside, but a stronger dollar capped upward movements.
Meanwhile, crude oil futures edged higher today, primarily driven by fresh concerns over supply disruptions in the Middle East and renewed optimism about global demand recovery.
Despite India’s strategic oil reserves, sustained upward pressure on crude prices could pose a challenge to the inflation outlook and trade balance in the coming months, necessitating careful monitoring by policymakers.
News of the Day
Today’s national headlines are featuring ongoing political discussions surrounding upcoming state elections, with major parties intensifying their campaigns and announcing new welfare schemes.
The government’s focus on digital initiatives continues to expand, with a new national broadband rollout program gaining traction, aiming to connect rural areas and boost digital literacy.
Furthermore, discussions are underway for potential legislative reforms aimed at streamlining business processes and enhancing ease of doing business across various states.
These developments, while not directly financial, contribute to the broader economic environment by influencing investor sentiment, consumption patterns, and long-term growth prospects through infrastructure and policy stability.
Legal News
The Securities and Exchange Board of India (SEBI) has introduced significant reforms for Alternative Investment Funds (AIFs), with the ‘Accredited Investors Only Fund’ category being a key highlight.
Notified on November 18, 2025, these amendments aim to expand participation by sophisticated investors and streamline compliance norms.
A notable change is the reduction of the minimum corpus requirement for Large Value Funds (LVFs) to ₹25 crore from the previous ₹70 crore, which is expected to lower entry barriers and support specialized AIF strategies.
Additionally, SEBI has clarified roles for managing directors, executive directors, CTOs, and CISOs for stock exchanges and clearing corporations, strengthening governance and risk management.
These regulatory updates are designed to foster a more flexible and efficient ecosystem for high-ticket investments, ensuring market integrity and investor protection.
FII & DII Activity
On Friday, November 21, 2025, Foreign Institutional Investors (FIIs) remained net sellers in the Indian equity market, recording a net outflow of approximately ₹1,766.05 crore.
This marks a continuation of a cautious stance from foreign funds observed throughout November, often attributed to global risk-off sentiment and currency fluctuations.
However, Domestic Institutional Investors (DIIs) once again stepped in as strong buyers, injecting a significant net amount of ₹3,161.61 crore into the market.
This consistent DII support has been a critical factor in cushioning market declines and sustaining domestic investor confidence.
The tug-of-war between FII outflows and robust DII inflows highlights the growing domestic strength of the Indian market, which has shown remarkable resilience even amidst external pressures.
Sector Spotlight
For the week ending November 21, 2025, the IT and Automobile sectors emerged as top performers, registering healthy gains.
The IT sector benefited from optimism around global tech spending and positive deal flows, while the automobile sector gained from strong festive demand and a favorable outlook for the electric vehicle segment.
In contrast, the Real Estate sector continued to remain under pressure, grappling with higher interest rates and valuation concerns.
The Metals sector also experienced some unwinding, impacted by volatile global commodity prices and demand uncertainties from major economies. Private banks, after a period of consolidation, also showed positive momentum, anticipating a boost from potential rate cuts.
IPO Watch
The Indian primary market continues its buoyant run, with several Initial Public Offerings (IPOs) witnessing strong investor appetite.
In the previous week, four out of five IPOs listed with positive closes on their debut day, indicating healthy market sentiment for new issuances.
Companies from diverse sectors, including specialty chemicals and fintech, have attracted significant subscriptions, particularly from retail and High Net Worth Individual (HNI) investors.
The pipeline for upcoming IPOs remains robust, with several companies in the technology and renewable energy sectors expected to launch their offerings in the coming weeks.
This sustained activity in the IPO market reflects strong liquidity and investor confidence in India’s long-term growth story.
Market Sentiment
The prevailing market sentiment in India can be characterized as cautiously optimistic. The underlying bullishness is primarily fueled by a strong domestic growth narrative, supported by robust corporate earnings and positive macroeconomic indicators like controlled inflation.
Expectations of a dovish turn by the RBI, with potential interest rate cuts, are further bolstering investor confidence.
However, global uncertainties, including geopolitical tensions, fluctuating crude oil prices, and the trade policy outlook of major economies, are instilling a degree of caution. FII outflows in recent sessions highlight this global sensitivity.
Nevertheless, strong domestic institutional and retail participation continues to act as a significant buffer, preventing sharp corrections and reinforcing the market’s resilience.
The India VIX, a measure of market volatility, remains at moderate levels, suggesting a balanced approach from investors rather than extreme bullishness or bearishness.
Upcoming Corporate Events
This week, investors will keenly watch the remaining Q2 FY26 earnings results, particularly from mid-cap companies in the manufacturing and consumer durables sectors. Several prominent companies are scheduled to hold board meetings to discuss dividend payouts and future expansion plans.
Additionally, a few IT companies are expected to provide investor updates on their project pipelines and strategic partnerships, which could influence sector-specific movements.
Policy & Regulation
The Securities and Exchange Board of India (SEBI) remains proactive in strengthening the regulatory framework of the Indian capital markets.
Key amendments introduced in 2025 include the expansion of optional same-day settlement (T+0) for the top 500 stocks, aiming to enhance liquidity and efficiency. Furthermore, SEBI has strengthened insider trading regulations by broadening the definition of unpublished price-sensitive information (UPSI).
The regulator also simplified the rights issue process to make capital raising more efficient for companies.
Most recently, on November 18, SEBI notified reforms for Alternative Investment Funds (AIFs), introducing the ‘Accredited Investors Only Fund’ category and reducing the minimum corpus requirement for Large Value Funds, fostering a more flexible and streamlined ecosystem for sophisticated investors.
These ongoing reforms underscore SEBI’s commitment to market integrity and investor protection.
Alternative Investment
The alternative investment landscape in India continues to thrive, characterized by robust venture capital (VC) funding and increasing private equity (PE) activity.
Today saw reports of a significant Series B funding round for a burgeoning AI-driven logistics startup, highlighting investor confidence in India’s technology innovation.
The startup ecosystem remains dynamic, with numerous early-stage companies attracting seed funding across various sectors, including FinTech, HealthTech, and EdTech.
Private equity funds are actively pursuing opportunities in established businesses looking for growth capital, particularly in manufacturing and consumer-facing sectors.
This sustained interest in alternative investments reflects the broader economic optimism and the potential for high returns outside traditional public markets, driven by India’s demographic dividend and digital transformation.
