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Informist, Wednesday, Nov. 19, 2025

 

By Gopika Balasubramanium

MUMBAI – Indian equity indices ended Wednesday's session sharply higher, buoyed by gains in information technology stocks. The indices were choppy in the first 30 minutes of trade but gained steadily thereafter. They had come off highs in the mid-morning trade but bounced back to end on a positive note. However, a fall in shares of some automobile companies and oil and gas companies weighed on the benchmark indices.

The Nifty 50 closed at 26052.65 points, up 142.60 points or 0.6%, on Wednesday. It managed to end above 26000 points due to a recovery in shares of index heavyweight HDFC Bank, which holds nearly 13% weightage in the 50-stock index. The stock had fallen around 1% during the day but recovered to close slightly higher at INR 994.60. The BSE Sensex closed at 85186.47 points, up 513.45 points or 0.6%. 

 

Broader market indices ended mixed. While mid-cap indices gained, their small-cap peers faced selling pressure throughout the session. The net profit growth for mid-cap companies during the September quarter, at 26%, was significantly higher than that of small-cap companies, at 7%, ICICI Securities said in a strategy report. "Strong growth in profits for mid-caps... were driven by OMCs (oil marketing companies), industrials and financials, among others," the broking firm said. The net profit growth for the small-cap index companies was dragged down by the financial sector and industrial companies.

 

While the sentiment for technology stocks has been weak globally in recent sessions, especially due to concerns over high valuations of artificial intelligence stocks, the Indian equity market saw upside movement in Wednesday's session. In the US, investors have been worried about the AI boom which drove stock prices to unjustifiable levels. This has sent jitters across equity markets, including in the Asia-Pacific and Europe, which have weighed on indices. That said, investors now await the earnings report of chipmaker Nvidia Corp., due later in the day. 

 

Back home, analysts said the valuations of domestic companies are fair as these have corrected significantly in the last few months. Indian IT services companies will continue to see growth in the next financial year and there could be an upside of 12-13% in Nifty IT in the near term, a research analyst covering IT companies at a big-sized domestic brokerage said. The Nifty IT index could reach up to 41000 points in the near term, the analyst said. The Nifty IT index closed 3% higher at 37044.65 points. The sectoral index rose to an intraday high of 37116.50 points, a level last seen in July. Shares of large-caps such as HCL Technologies, Infosys, Wipro, and Tata Consultancy Services closed 2-4% higher.  

 

"We expect improvement in deals from the clients belonging to the manufacturing sector, as they had held back discretionary spending for some time now," the analyst said. It is worth noting that the banking, financial services, and insurance clients continued to sign deals for software services. "A lot of budget flush will come in from now," the analyst said. "In a one-year perspective, we can say that the worst is over Indian IT." The analyst added that earnings growth in the IT sector is expected to accelerate from March quarter onwards, and in 2026-27 (Apr-Mar), a double-digit earnings growth is expected.

Further, a report from the National Foundation for American Policy showed that there is an overall shift in the trend of H-1B visa filing and during Aug-Sept, only three India-based companies were among the top 25 employers with approved H-1B petitions for initial employment. That said, TCS currently is the fourth-largest beneficiary and has 6,133 employees holding H-1B visas, according to data on the US Citizenship and Immigration Services website. But, as of Jun. 30, TCS was the second-biggest beneficiary of H-1B visas after Amazon, with more than 5,500 H-1B visa holding employees. This indicates that the company has sharply cut down H-1B visa applications, especially after the US government increased the one-time fee for new H-1B visas to $100,000. 

 

Among individual stocks, Sammaan Capital closed 13% lower and was the worst hit on the Nifty 500 index. The stock fell after the Supreme Court, earlier in the day, asked senior officers of the nation's top investigative agencies and the Securities and Exchange Board of India to convene a joint meeting within two weeks to "objectively" examine the issues of "irregularities" raised by a petitioner against the company. 

 

KEC International closed 9% lower and was the second worst-peforming stock. It fell after the company said it was considering moving the court against Power Grid Corp. of India after the latter blacklisted the company from bidding on its tenders for a period of nine months effective Tuesday. However, during the final hour of trade, it informed exchanges that it had an unexecuted order book of INR 393.25 billion with Power Grid, which accounts for 15% of the orders. The company also said it has a robust tender pipeline and is confident of achieving its annual order intake target. 

 

Shares of Tenneco Clean Air closed 24% higher on the listing day at INR 490.80 on the National Stock Exchange. The stock listed at INR 505 on the NSE, at a premium of over 27% to the issue price of INR 397. More than 101 million shares of the company changed hands on the bourse in the day.

 

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

* On the NSE, 1,414 stocks rose, 1,704 fell, and 96 were unchanged

* On the BSE, 1,841 stocks rose, 2,338 fell, and 167 were unchanged

* Nifty IT: up 3%; Nifty PSU Bank: up 1.2%; Nifty Realty: down 0.4% 

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BSE                                              NSE

Sensex: 85186.47, up 513.45 points or 0.6%     Nifty 50: 26052.65, up 142.60 points or 0.6%

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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

 

US$1 = INR 88.59

 

Edited by Tanima Banerjee 

 

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