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EQUITY
Post Session: Quick Review
Nov-21-2025

Indian equity benchmarks settled near the day’s low points on Friday amid weak global cues. Indices made a slightly negative start and remained under selling pressure throughout day, as traders were cautious after India’s flash Purchasing Managers’ Index (PMI) data report showed that India's private sector activity expanded at its slowest pace in six months in November. In the last leg of trade, the markets extended their losses and ended lower amid selling in most of the sectoral stocks.

Some of the important factors in trade:

India's eight key infrastructure sectors remained flat in October: Sentiments were subdued as the government data showed that the growth of India's eight key infrastructure sectors remained flat in October as expansion in output of petroleum refinery products, fertiliser and steel was offset by a contraction in coal and electricity production.

India’s composite output index falls to 59.9 in November: Traders remained cautious as data released by S&P Global showed 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. 

India, Israel ink terms of reference to formally launch negotiations for FTA: Traders overlooked Commerce and Industry Minister Piyush Goyal's statement that India and Israel have inked terms of reference (ToR) to formally launch negotiations for a free trade agreement (FTA).

Global front: European markets were trading lower as investors worried about overvalued tech valuations and an uncertain path for U.S. monetary policy. Asian markets ended in red after the Ministry of Internal Affairs and Communications of Japan said overall consumer prices in Japan were up 3.0 percent on year in October. 

The BSE Sensex ended at 85231.92, down by 400.76 points or 0.47% after trading in a range of 85187.84 and 85609.40. There were 13 stocks advancing against 17 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 1.30%, while Small cap index down by 1.30%. (Provisional)

The top losing sectoral indices on the BSE were Metal down by 2.35%, Realty down by 1.89%, Capital Goods down by 1.79%, Basic Materials down by 1.46% and Industrials down by 1.43%, while no gaining sectoral index on the BSE. (Provisional) 

The top gainers on the Sensex were Maruti Suzuki up by 1.17%, Mahindra & Mahindra up by 0.80%, Tata Motors Passenger up by 0.69%, ITC up by 0.57% and Asian Paints up by 0.55%. On the flip side, Tata Steel down by 2.58%, HCL Technologies down by 2.33%, Bajaj Finance down by 2.29%, Bajaj Finserv down by 1.90% and Eternal down by 1.61% were the top losers. (Provisional) 

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 ended at 26068.15, down by 124.00 points or 0.47% after trading in a range of 26052.20 and 26179.20. There were 20 stocks advancing against 30 stocks declining on the index. (Provisional)

The top gainers on Nifty were Maruti Suzuki up by 1.11%, Max Healthcare up by 1.04%, Interglobe Aviation up by 1.00%, Mahindra & Mahindra up by 0.89% and Tata Consumer Products up by 0.78%. On the flip side, Hindalco down by 2.76%, Tata Steel down by 2.59%, JSW Steel down by 2.54%, Bajaj Finance down by 2.38% and HCL Technologies. down by 2.27% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 290.85 points or 1.25% to 22,988.00, UK’s FTSE 100 decreased 66.75 points or 0.7% to 9,460.90 and France’s CAC fell 54.67 points or 0.68% to 7,926.40.

Asian markets settled down on Friday tracking Wall Street’s fall overnight as mixed US jobs data left markets uncertain whether the Federal Reserve will cut interest rates in December. The delayed jobs report showed the labour market added 119,000 jobs in September after a revised dip of 4,000 jobs in August, while the unemployment rate ticked up to 4.4%. Japanese shares lost ground on renewed AI bubble fears, while the Japanese yen traded near a 10-month low and long-term Japanese government bond yields were close to record highs as the nation's cabinet approved a massive economic stimulus plan.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,834.89

-96.16

-2.45

Hang Seng

25,220.02

-615.55

-2.38

Jakarta Composite

8,414.35

-5.57

-0.07

KLSE Composite

1,617.57

-2.39

-0.15

Nikkei 225

48,625.88       

-1,198.06

-2.4

Straits Times

4,469.14

-42.73

-0.95

KOSPI Composite

3,853.26

-151.59

-3.93

Taiwan Weighted

26,434.94

-991.42

-3.61
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