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Informist, Monday, Nov. 10, 2025

 

By Akash Mandal

 

MUMBAI – Benchmark indices ended higher Monday, snapping a three-session fall, seemingly because of buying across most sectors. However, a negative market breadth implies that the gains were led by heavyweights across most sectors. Nearly 51% of the stocks listed on the National Stock Exchange ended lower. Information technology stocks were among the biggest gainers, having underperformed over the past couple of weeks. Gains in other heavyweights such as Reliance Industries, Larsen & Toubro, HDFC Bank, and ICICI Bank also lifted the market higher.

 

The Nifty 50 ended at 25574.35 points, up 82.05 points or 0.3%, having risen to 25653.45 points at its highest before facing selling pressure. The index erased around one-third of the fall suffered last week, when the headline indices had fallen almost 1%. The Sensex closed the session at 83535.35 points, up 319.07 points or 0.4%. Brokerage firm Goldman Sachs upgraded its rating on Indian equities to 'overweight' due to a revival in earnings, growth-supportive government policies, and relatively reasonable valuations.

 

Trent was both the worst-hit and the biggest drag on the index. The stock plunged to a 17-month low and ended more than 7% lower after a host of brokerages cut their target prices on the stock following tepid September quarter earnings and slowdown in growth. Jefferies cut its target price on the stock by 17%, while Citi downgraded the stock to 'sell' and reduced its price target by 39%. With overall consumption trends remaining weak, coupled with increasing competition, cannibalisation, and aggressive expansion in tier-2 and tier-3 markets, Trent's growth rate is likely to moderate further, CNBC-TV18 cited Citi as saying.

 

Barring the Nifty Media, Nifty FMCG, Nifty Realty, and the Nifty PSU Bank, all other sectoral indices ended higher. The Nifty IT gained 1.6% and hit an over one-week high, with the likes of Infosys, Mphasis, HCL Technologies, and Persistent Systems ending 1.0-2.5% higher. The Nifty India Defence also ended 1.5% higher as Bharat Dynamics, Garden Reach Shipbuilders & Engineers, and Hindustan Aeronautics gained 4-5%.

 

Shares of sugar manufacturing companies rose sharply after the government approved export of 1.5 million tonnes of sugar for the 2025-26 (Oct-Sept) season and decided to remove the 50% export duty on molasses. Balrampur Chini Mills, Simbhaoli Sugars, Uttam Sugar Mills, and Shree Renuka Sugars ended 3-7% higher.

 

Among the Nifty 200 constituents, National Aluminium Co. rose nearly 10% to a one-year high and was the top performer after its net profit and revenue for the September quarter surpassed the Street's estimates. Broking firm Systematix Institutional Research expects the company's profitability to be driven by higher global aluminium prices, elevated aluminium realisations and premiums, and lower cost of production driving margin gains witnessed in Apr-Sept. Torrent Pharmaceuticals also hit a one-year high and ended nearly 7% higher after the company's net profit growth for the September quarter was at a six-quarter high and its revenue growth was at an eight-quarter high. The company's focus remains on chronic therapies, new product launches, and operational integration of J.B. Chemicals and Pharmaceuticals to drive medium-term growth.

 

FSN E-Commerce Ventures ended 6% higher after its consolidated net profit for the September quarter more-than-tripled from the previous year. "We expect strong BPC (beauty and personal care) growth to continue, led by multiple initiatives across domestic/export markets...fashion recovery seems sustainable with new brand additions and store expansion to drive growth," Nomura said in a report. KPIT Technologies ended over 3% higher despite its earnings, which were announced during market hours, missed analysts' estimate.

 

Among small-cap stocks, HBL Engineering hit a record high and ended over 12% higher after its bottom line for the September quarter saw an over four-fold jump on the back of a 135% on-year jump in its total revenue. The total revenue was boosted by a near eight-fold on-year jump in revenue from its electronics segment to INR 7.94 billion. Uno Minda gained over 7% and snapped a three-session fall. The stock had ended lower on Friday despite the company announcing a strong set on numbers for the September quarter, with its consolidated net profit and revenue both growing in double digits on year and beating the Street's estimates.

 

On the other hand, Transformers and Rectifiers India hit a 20% lower circuit at INR 313.55, hitting a 13-month low, after the company on Saturday reported a 25% on-year and nearly 45% on-quarter fall in consolidated net profit to INR 373.5 million in the September quarter. Its top line declined marginally on year and over 13% sequentially to INR 4.60 billion. The stock was down for the seventh consecutive session. It has fallen nearly 32% in this period. JM Financial ended nearly 8% lower, extending its decline after the company, post-market hours, Thursday reported an on-year fall in revenue for the second quarter of the financial year. The stock ended lower for the fourth straight session.

 

Graphite India, which was mostly steady, plunged 7?ter the company's net profit nearly halved on year in Jul-Sept. Schneider Electric Infrastructure ended over 6% lower. Near the end of Friday's session, the company had reported an on-year fall in net profit for the September quarter.

 

Lenskart Solutions Monday made its debut on the bourses, culminating what was among the most anticipated and highly debated initial public offerings in recent times. Shares of the company listed at INR 390, a discount of nearly 3% to its issue price of INR 401. However, the stock recovered and closed the session 0.3% higher at INR 403.10.

 

* Of the Nifty 50 stocks, 32 rose and 18 fell
* Of the Sensex stocks, 19 rose and 11 fell

* On the NSE, 1,502 stocks rose, 1,637 fell, and 94 were unchanged

* On the BSE, 1,962 stocks rose, 2,374 fell, and 188 were unchanged

* Nifty IT: up 1.6%; Nifty India Defence: up 1.5%; Nifty Media: down 1%

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BSE                                              NSE

Sensex: 83535.35, up 319.07 points or 0.4%       Nifty 50: 25574.35, up 82.05 points or 0.3%,

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84997.13 (Oct. 29)	: 2025 Closing High: 26053.90 (Oct. 29)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 85290.06 (Oct. 23)	: 2025 High (intraday): 26104.20 (Oct.23)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

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End

 

Edited by Ashish Shirke

 

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