On Monday, November 24, Indian equity benchmark indices closed with a loss of 0.4% extending losses for the 2nd consecutive day. The benchmark indices struggled to hold gains at higher levels amid a sell-off in heavyweights such as Reliance Industries and M&M.
At the close, the Nifty 50 ended down by 108.65 points or 0.42% at 25,959.50, while the Sensex declined by 331.21 points or 0.39% to close at 84,900.71. Both benchmark indices are now about 1.2% below their record highs. India’s volatility index, India VIX, dropped nearly 3%, crossing below the level of 13.5.
On the sectoral front, only one out of the 11 major indices closed in positive territory. Nifty IT was the sole gainer, rising 0.41%. The index touched a five-month high in early trade but was unable to sustain the higher levels. An uptick in information technology shares on rising expectations of a Federal Reserve rate cut in December.
Broader markets saw notable pressure, with the Nifty Midcap 100 ending lower and the Nifty Smallcap 100 ended in red.
Stock-Specific Highlights
Among individual stocks,
- Hindustan Aeronautics fell 3.3% after its Tejas fighter jet crashed during an aerial display at the Dubai Airshow on Friday.
- Online platform company, Swiggy share price jumped 5% unruffled by new labour codes
Nifty IT - Only Gainer
The Nifty IT Index was the top gainer on Monday, ending higher by 0.42% hitting a 5-month high. On the flip side, Nifty Realty declined by 2.05% emerging as the top loser.
Nifty 50: Top Pullers and Draggers of the Day
The key drivers of the index gains were:
- SBI Life Insurance Company Ltd: +5.17 points
- Tech Mahindra Ltd: +4.92 points
- Eicher Motors Ltd: +3.49 points
On the other hand, these stocks dragged the index:
- Reliance Industries Ltd: -17.37 points
- Mahindra & Mahindra Ltd: -12.17 points
- Bharti Airtel Ltd: -10.58 points
Broader Markets End Negative
The broader market indices showed negative performance on Monday. The Nifty Midcap 100 index declined by 0.32%, while the Nifty Smallcap 100 ended down by 0.83%.
Market Breadth
As of November 24, 2025, market breadth favoured declining stocks. Out of 3,214 stocks traded on the NSE, 810 advanced, 2,316 declined, and 88 remained unchanged.
A total of 52 stocks touched their 52-week highs, while 280 hit their 52-week lows. Additionally, 69 stocks were locked in their upper circuits, whereas 123 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
