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Indices continue to witness weakness in late morning deals
Nov-21-2025

Indian equity markets continued to witness weakness in late morning deals owing to selling by funds and retail investors. Meanwhile, the broader markets were facing the heat of selling; the BSE mid-cap index declined by 1.00 per cent and the small-cap index was down 0.99 per cent. Weak cues from global markets weighed on the domestic sentiments. Traders were cautious as the HSBC Flash India Composite Output Index, which measures the combined performance of India’s manufacturing and services sectors, fell to 59.9 in November from 60.4 in October, marking a six-month low. Most of sectoral indices on the BSE were trading in red led by Realty, Metal, Capital Goods, Industrials and Basic Materials.

On the global front, Asian markets were trading in red following negative cues from the US markets overnight. Back home, in the stock specific development, Hindalco traded lower after reports pointed to a fire incident at Novelis’ Oswego plant in the US.   

The BSE Sensex is currently trading at 85316.06, down by 316.62 points or 0.37% after trading in a range of 85195.07 and 85609.40. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 1.00%, while Small cap index down by 0.99%.

The only gaining sectoral index on the BSE was Auto up by 0.17%, while Realty down by 1.62%, Metal down by 1.45%, Capital Goods down by 1.37%, Industrials down by 1.12% and Basic Materials down by 1.03% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.26%, Maruti Suzuki up by 0.59%, Infosys up by 0.54%, Asian Paints up by 0.39% and Tata MotorsPassenger up by 0.33%. On the flip side, Bajaj Finance down by 1.70%, Tata Steel down by 1.42%, Bajaj Finserv down by 1.26%, HCL Technologies down by 1.18% and Bharat Electronics down by 1.10% were the top losers.

Meanwhile, the Reserve Bank of India’s (RBI) Governor Sanjay Malhotra has said that India will soon have more domestic lenders featured in the top 100 global banks list, given the pace of economic expansion and growth in the banking system. He also noted that the RBI cannot put a number of big banks India should have in the global list.

Currently, State Bank of India and HDFC Bank are the only Indian banks that appear among the world's top 100 banks, ranked 43rd and 73rd, respectively. During the fiscal year ended March 2025, PSU banks' cumulative profit rose 26 per cent year-on-year (YoY) to a record level of Rs 1.78 lakh crore. All 12 public sector banks had earned a total profit of Rs 1.41 lakh crore in FY24.

Meanwhile, the government in the past had done two rounds of consolidation in a bid to create bigger banks. In the biggest consolidation exercise in the banking space, the government, in August 2019, had announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017.

The CNX Nifty is currently trading at 26103.00, down by 89.15 points or 0.34% after trading in a range of 26055.95 and 26174.00. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 1.29%, Eicher Motors up by 0.74%, Infosys up by 0.59%, Maruti Suzuki up by 0.54% and Interglobe Aviation up by 0.54%. On the flip side, Hindalco down by 2.52%, Bajaj Finance down by 1.74%, JSW Steel down by 1.52%, Tata Steel down by 1.46% and Bajaj Finserv down by 1.22% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 1160.94 points or 2.33% to 48,663.00, Taiwan Weighted lost 891.61 points or 3.36% to 26,534.75, Jakarta Composite plunged 20.58 points or 0.25% to 8,399.34, Shanghai Composite weakened 69.78 points or 1.81% to 3,861.27, KOSPI dropped 151.18 points or 3.92% to 3,853.67, Hang Seng declined 414.57 points or 1.63% to 25,421.00 and Straits Times fell 41.82 points or 0.93% to 4,470.05.
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