More Stories

Informist, Monday, Nov. 24, 2025

By Gopika Balasubramanium

MUMBAI – Benchmark equity indices closed lower on Monday falling sharply towards the end of the session. Gains in information technology stocks failed to rescue indices from a sharp fall. While analysts retained their view of Nifty 50 hitting all-time high in the next few sessions, they also said indices may consolidate in the near term. 

Monday, the Nifty 50 closed at 25959.50 points, down 108.65 points or 0.4%. The 50-stock index closed below 26000 points after sustaining the levels in last three straight sessions. The benchmark index had opened higher but moved choppy and briefly slipped into the red during the first half hour of trade. Thereafter, the indices had gained but remained volatile through out the session, slipping into the red during the final hour of trade. Gains in index heavyweight HDFC Bank were neutralised by fall in Reliance Industries. 

Broader market indices faced intense selling pressure than benchmark indices. All the small-cap indices fell 1% each, while the mid-cap ones fared better and closed slighly lower. The BSE Sensex closed at 84900.71 points , down 331.21 points or 0.4%.

Investors were bullish on information technology stocks throughtout the session, making Nifty IT index the only sectoral index to close in the green. While all the IT stocks were traded higher for the better part of the session, some fell towards the close. Tech Mahindra, Persistent Systems, Wipro, Mphasis, and Coforge clossed 0.6-2.3% higher. The Nifty IT hit an over four-month high of 37554.35 points during the session but came off highs to close at 37037.95 points.

This was largely after revival of interest rate cut hopes by the US Federal Reserve following the dovish comments from some Fed policymakers. Indian IT companies earn a lion's share of their revenues from US clients and a lower interest rate means more room for spending for these clients. Rise in discretionary spending by the US companies would mean more contracts and orders for the domestic IT majors.

On other hand, investors offloaded shares of defence companies throughout the session, except for those of Bharat Forge. Mishra Dhatu Nigam, BEML, Cyient DLM, Astra Microwave Products, Garden Reach Shipbuilders & Engineers, and Hindustan Aeronautics closed over 3-5% lower. This follows HAL Tejas fighter plane crash during an air show in Dubai on Friday. HAL's shares fell 4% to an intraday low of INR 4,405; however, the stock came off lows after the company said the incident was a standalone occurence and would not have an impact on its business operations or financial front. The Nifty India Defence closed at 7912.80 points, down 2.5%. That said, in Europe, shares of defence stocks fell after the recent meeting between the US and Ukraine in Geneva suggested a near end to the war. 

Among individual stocks, H.G. Infra Engineering closed 2% higher at INR 878.15. The stock rose 6% to an intraday high of INR 916.30 after the company jointly with Kalpataru Projects International was declared as the lowest bidder for a metro rail project in Maharashtra for a cost of INR 14.15 billion. Meanwhile, ITI closed 9% higher at INR 325.15 after falling 8% in the last six straight sessions. Monday, nearly 34 million shares of ITI have changed hands on the NSE. 

* Of the Nifty 50 stocks, 12 rose and 38 fell
* Of the Sensex stocks, 8 rose and 22 fell

* On the NSE, 810 stocks rose, 2316 fell, and 88 were unchanged

* On the BSE, 1,213 stocks rose, 3,032 fell, and 204 were unchanged

* Nifty India Defence: down 2.5%; Nifty Realty: down 2.1%; Nifty IT: up 0.4%

BSE                                              NSE

Sensex: 84900.71, down 331.21 points or 0.4%     Nifty 50: 25959.50, down 108.65 points or 0.4%

End

Edited by Akul Nishant Akhoury

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.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.