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EquityWireIndia Stocks Review:Mkt extends gains for 6th session in a row; PSU bks rise
India Stocks Review

Mkt extends gains for 6th session in a row; PSU bks rise

This story was originally published at 16:36 IST on 17 November 2025
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Informist, Monday, Nov. 17, 2025

 

By Gopika Balasubramanium

 

MUMBAI – India's headline indices closed higher for the sixth consecutive session Monday, starting the week on a positive note. These indices rose more during the second half of the trading session, primarily led by gains in shares of banking and financial services stocks alongside some automobile stocks.

 

While the US market had ended largely mixed Friday, Asian indices closed down Monday, barring those in South Korea. In Europe, indices saw only a rather modest rise. Meanwhile, on the domestic front, the buy-on-dips strategy came into play throughout the session as analysts had expected. For the near term, while some analysts see indices rising further, others are cautiously optimistic and expect indices to stay in a thin range. 

 

The Nifty 50 closed at 26013.45 points, up 103.40 points or 0.4%. The 50-stock index had faced strong resistance at 26000 points but managed to close above this level for the first time in nearly three weeks. The BSE Sensex closed at 84950.95 points, up 388.17 points or 0.5%. Broader market indices also outperformed the benchmark ones, with the former closing higher by 0.5-0.8%. 

 

Investors were bullish on state-owned banks during the session following news that the finance ministry is working on a strategy for the next round of mergers among public sector banks. Informist had Saturday reported, quoting an official, that the plan is not finalised yet and the mergers will be done in 2-3 tranches and not in one go. According to the official, the government will analyse banks' performance for two more quarters before taking a final call on the banks that will be merged, the report said. Shares of government-led banks such as Indian Overseas Bank, Bank Of Maharashtra, India Bank, and Punjab & Sind Bank closed 2-3% higher. The Nifty PSU Bank closed 1.1% higher and gained the most among sectoral indices.

 

Automobile stocks also saw huge buying interest during the session, with the Nifty Auto closing nearly 1% higher. The rise in the auto index was largely driven by nearly 2-4% gains in shares of two-wheeler makers such as Hero MotoCorp, TVS Motor Co., and Eicher Motors. Others such as Maruti Suzuki India, Bajaj Auto, and Mahindra & Mahindra also gained around 1?ch.

 

Meanwhile, Tata Motors Passenger Vehicles fell nearly 5% to close at seven-month low of INR 372.70, extending its losses for the fifth straight session. The sharp decline came after the company cut its full-year earnings before interest and tax margin guidance for its UK-based subsidiary Jaguar Land Rover. Jaguar Land Rover contributes around 79% to the parent company's consolidated revenue. JLR had halted production at its manufacturing units completely in September owing to a major cyberattack which came as a huge setback to the company's financial performance for the Jul-Sept quarter. 

 

On the other hand, investors turned bearish on the metals sector. However, some metal stocks recovered towards the end of the session. The Nifty Metal ended the session flat, as Adani Enterprises, Lloyd Metals and Energy, Welspun Corp., and Vendanta closed 1-2% lower. Reports said the government was planning to suspend quality control orders on 55 steel grades. Of these, 42 orders may be suspended for three years, while 13 specialty steel orders could be paused for one year, reports said.

 

"The suspension of quality control orders on 55 steel grades may open the door to unregulated imports, adding further pressure on domestic steel prices...," ICICI Direct Research said in a note earlier in the day. The broking firm said steel prices are already at a one-year low of INR 47,000 per tonne due to excess supply. Thus, the government move will put downward pressure on domestic steel prices, thereby impacting revenue and profitability of domestic steel producers, it added.

 

Among individual stocks, Housing & Urban Development Corp. closed 5% up following reports that the financier is in talks with multilateral development banks and institutions to mobilise $2 billion to fund infrastructure projects in India. "We are in advanced discussion with KfW (Germany's state-owned development bank) to raise $200 million," PTI reported quoting the company's Chairman and Managing Director Sanjay Kulshrestha. Shares of Narayana Hrudayalaya closed 14% higher after the company reported strong earnings for the quarter ended September. The stock rose to an intraday high of INR 2,093.30 but came off highs slightly towards the end of the session. 

 

* Of the Nifty 50 stocks, 32 rose and 18 fell
* Of the Sensex stocks, 20 rose and 10 fell

* On the NSE, 1,651 stocks rose, 1,523 fell, and 79 were unchanged

* On the BSE, 2,085 stocks rose, 2,208 fell, and 204 were unchanged

* Nifty PSU Bank: up 1.1%; Nifty Auto: up 0.9%; Nifty Metal: flat


BSE                                              NSE

Sensex: 84950.95, up 388.17 points or 0.5%       Nifty 50: 26013.45, up 103.40 points or 0.4%


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)


End

 

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

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