The headline equity indices closed higher today, marking their sixth straight session of gains. The market recovered on support from the Reserve Bank of India's new relief measures for exporters hit by recent tariff disruptions. Investors also reacted positively to a firm close to the Q2 earnings season.

Sentiment improved further as participants monitored progress toward a possible India-US trade agreement. The Nifty ended above the 26,000 mark. PSU banks, autos and consumer durables logged strong buying interest, while broader market remained supportive.

The S&P BSE Sensex advanced 388.17 points or 0.46% to 84,950.95. The Nifty 50 index rallied 103.40 points or 0.40% to 26,013.45. In six consecutive trading sessions, the Sensex rose 2.08% while the Nifty added 2.04%.

Mahindra & Mahindra (up 1.11%), HDFC Bank (up 0.80%) and Bajaj Finance (up 0.67%) boosted the Nifty today.

The Nifty Bank index hit a record high of 59,000.50 today. AU Small Finance Bank (up 2.63%), Canara Bank (up 2.01%) and Federal Bank (up 1.43%) were top gainers in this pack.

In the broader market, the S&P BSE Mid-Cap index surged 0.66% and the S&P BSE Small-Cap index jumped 0.59%.

The market breadth was negative. On the BSE, 2,082 shares rose and 2,211 shares fell. A total of 218 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.29% to 11.78.

Economy:

India's exports contracted 11.8 per cent to $34.38 billion in October, showed government data released on Monday. Imports jumped 16.63 per cent to $76.06 billion. The country's trade deficit stood at $41.68 billion during the reporting month.

Imports surged due to increased shipments of gold and silver. Gold imports jumped to $14.72 bn in the last month against $4.92 bn recorded in the same month last year.

During April-October this fiscal, exports increased marginally by 0.63 per cent to $254.25 billion. At the same time, imports rose 6.37 per cent to $451.08 billion, the commerce ministry data showed.

RBI Trade Relief Measures For Exporters:

The Reserve Bank of India on Friday announced a series of trade relief measures aimed at easing pressures on exporters struggling with global trade disruptions and tariff-related headwinds. The central bank extended the period for realisation and repatriation of export proceeds from nine to fifteen months and increased the time allowed for shipment of goods against advance payments from one year to three years. The measures, issued under the RBI's Trade Relief Measures Directions, 2025, also target sectors most affected by tariff shocks.

The RBI granted a moratorium on term-loan repayments and working-capital interest falling due between September 1 and December 31, 2025, and allowed lenders to recalculate drawing power in working-capital facilities. Export credit norms were eased by extending the credit period from 270 to 450 days for loans disbursed till March 31, 2026. Banks can also liquidate packing-credit facilities using alternate sources, including domestic sales or substitute export orders, in cases where shipments could not be executed. All guidelines take effect immediately.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.17% to 6.538 from the previous close of 6.527.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.6200 compared with its close of 88.6600 during the previous trading session.

MCX Gold futures for 5 December 2025 settlement fell 0.22% to Rs 123,284.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 99.37.

The United States 10-year bond yield fell 0.55% to 4.126.

In the commodities market, Brent crude for December 2025 settlement rose 3 cents or 0.05% to $66.42 a barrel.

Global Markets:

European shares declined on Monday as investors turned cautious ahead of earnings from AI favourite Nvidia.

Most Asian indices slipped as tensions between Japan and China intensified after Beijing warned its citizens against travelling to Japan, citing safety concerns. The advisory triggered sharp selling in Japan's tourism and retail stocks, sectors heavily reliant on Chinese visitors. The strain follows Japanese Prime Minister Sanae Takaichi's recent remarks suggesting Tokyo could respond militarily if China were to attack Taiwan. The Chinese Embassy's warning, issued Friday, deepened worries over rising geopolitical friction and its potential economic fallout.

Singapore recorded a trade surplus of $7.24 billion in October of 2025 compared with $5.689 billion in September 2025.

In the U.S. on Friday, the Nasdaq Composite staged a modest recovery as buyers returned to major tech names after the sector had driven Wall Street to its sharpest decline in over a month the previous session.

The tech-heavy Nasdaq gained 0.13% to finish at 22,900.59, snapping a three-day losing streak. The S&P 500 finished near the flatline, down just 0.05% at 6,734.11, while the Dow Jones Industrial Average lost 309.74 points, or 0.65%, to settle at 47,147.48.

All three indices had earlier rebounded from deeper intraday losses, with the Nasdaq and S&P 500 down as much as 1.9% and 1.4%, and the Dow off nearly 600 points (1.3%).

Stocks in Spotlight:

Tata Motors Passenger Vehicles (TMPV) slipped 4.83% after Jaguar Land Rover (JLR) cut its EBIT margin guidance to 0%'2% and warned of up to Ł2.5 billion in negative free cash flow for FY26. TMPV reported a 2,110% surge in net profit to Rs 76,170 crore in Q2 FY26, compared with Rs 3,446 crore in Q2 FY25, led by exceptional gains of Rs 82,616 crore from the disposal of discontinued operations. Revenue from operations declined 13.4% YoY to Rs 71,714 crore.

Narayana Hrudayalaya surged 15.65% after the company reported a 30.1% rise in consolidated net profit to Rs 258.37 crore on a 20.3% increase in revenue from operations to Rs 1,643.79 crore in Q2 FY26 over Q2 FY25.

Kotak Mahindra Bank advanced 1.26% after the bank's board is scheduled to meet on Friday, 21 November 2025, to consider a proposal for sub-division (split) of its existing fully paid-up equity shares having face value of Rs 5 each.

Glenmark Pharmaceuticals slipped 1.50%. The company reported a 72.3% jump in consolidated net profit to Rs 610.25 crore on 76.6% increase in revenue from operations to Rs 6,003.79 crore in Q2 FY25.

Siemens rallied 4.92% after the company posted a stable Q4 FY 2025 performance. The company reported a 16% year-on-year rise in revenue to Rs 5,171 crore in Q4 FY25, supported by strong traction in the Mobility and Smart Infrastructure segments. Profit after tax came in at Rs 485 crore, 7.1% lower than the Rs 523 crore reported in Q4 FY24 as the base quarter had benefited from a one-time Rs 69 crore gain from a property sale.

India Glycols rallied 6.08% after the company's consolidated net profit jumped 30.9% to Rs 65.06 crore on 13.6% increase in revenue from operations (excluding excise duty) to Rs 1092.20 crore in Q2 Sept 2025 over Q2 Sept 2024.

Carraro India advanced 3.04% after the company's consolidated net profit jumped 44.37% to Rs 31.69 crore on 33.06% increase in revenue from operations to Rs 586.25 crore in Q2 FY26, compared with Rs 440.59 crore in Q2 FY25.

Ahluwalia Contracts (India) spurted 11.40% after reporting a strong Q4 performance. On a consolidated basis, the company's net sales rose 16.4% YoY to Rs 1,177.3 crore in Q2 FY26. Reported profit after tax soared 104.8% YoY to Rs 78.6 crore, compared with Rs 38.4 crore in Q4 FY24.

Garware Technical Fibres declined 2.23% after White Oak Capital Management Consultants LLP disclosed a reduction in its shareholding. In a regulatory filing, the company said White Oak's managed and advised funds now hold 21.23 lakh shares, representing 2.14% of Garware's paid-up capital. This follows the sale of 22.63 lakh shares on 11 November 2025 through open-market transactions.

IRB Infrastructure Developers rose 3.78% after announcing a major project win through its InvIT arm. IRB Infrastructure Trust received the Letter of Award from the National Highways Authority of India (NHAI) for the TOT 17 bundle. The award covers 366 km across the Lucknow'Ayodhya'Gorakhpur corridor on NH 27 and the Lucknow'Sultanpur stretch on NH 731. The Trust will pay an upfront concession fee of Rs 9,270 crore for a 20 year revenue linked contract. The TOT 17 project lifts the Trust's asset base to about Rs 65,000 crore.

Power and Instrumentation (Gujarat) gained 2.06% after its consolidated net profit jumped 21.07% to Rs 4.71 crore on 27.94% rise in revenue from operations to Rs 70.27 crore in Q2 FY26 over Q2 FY25.

Signpost India fell 3.12% after the company reported 2% fall in consolidated net profit to Rs 15.70 crore in Q2 FY26 from Rs 15.95 crore recorded in Q2 FY25. Revenue from operations rose by 3% year-over-year (YoY) to Rs 134.02 crore during the quarter.

Speciality Restaurants jumped 7.69% after the company reported 70.8% jump in consolidated net profit to Rs 46.09 crore on a 11.6% rise in revenue from operations to Rs 1,164.38 crore in Q2 FY26 as compared with Q2 FY25.

NBCC (India) rose 2.19% after it has been awarded a Rs 498.3 crore project management consultancy (PMC) contract by Damodar Valley Corporation (DVC).

Trishakti Industries rallied 2.33% after the company secured a work order worth Rs 3.6 crore from Afcons Infrastructure for deployment of advanced machinery and skilled manpower at a flagship project site.

IPO Update:

Fujiyama Power Systems received bids for 5,54,09,055 shares as against 2,63,47,221 shares on offer, according to stock exchange data at 16:45 IST on Monday (17 November 2025). The issue was subscribed 2.10 times. The issue opened for bidding on 13 November 2025 and it will close on 17 November 2025. The price band of the IPO is fixed between Rs 216 and 228 per share.

Capillary Technologies India received bids for 42,72,050 shares as against 83,83,430 shares on offer, according to stock exchange data at 16:45 IST on Monday (17 November 2025). The issue was subscribed 0.51 times. The issue opened for bidding on 14 November 2025 and it will close on 18 November 2025. The price band of the IPO is fixed between Rs 549 and 577 per share.

Powered by Capital Market - Live News