All the sectoral indices on the NSE ended in the green with PSU Bank, Auto and consumer duralbles shares gaining the most.

As per provisional closing data, the barometer index, 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%. The Nifty Bank index hit a record high of 59,000.50 in mid-afternoon trade.

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, 2,097 shares rose and 2,194 shares fell. A total of 220 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 merchandise trade deficit surged to a record $41.68 billion in October, driven mainly by a sharp rise in gold and silver imports. This compares with a 13-month high of $32.15 billion in September. Exports fell 11.8% to $34.38 billion, while imports rose 16.63% to $76.06 billion. Gold imports alone jumped to $14.72 billion, up from $4.92 billion a year earlier, according to the Commerce Secretary.

India's foreign exchange reserves fell by $2.7 billion to $687.73 billion in the week ended November 7, 2025, the Reserve Bank of India (RBI) said on Friday.

For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by $2.45 billion to $562.13 billion, the RBI data showed.

Value of gold reserves declined by $1.95 billion to $101.53 billion during the week, the RBI said.

Notably, the central bank's gold reserves had hit a record $100 billion in October even as the yellow metal rallied in global markets, before recording a crash.

The Special Drawing Rights (SDRs) were down by $51 million to $18.59 billion, the apex bank said.

RBI trade relief measures for exporters

The Reserve Bank of India, on Friday announced the following measures with a view to mitigate the impact of trade disruptions on exports arising on account of global headwinds. RBI has permitted exporters to bring proceeds of their shipments in 15 months as against the prevailing timeframe of 9 months in view of stress being faced by them. Exporters are facing issues due to a steep tariff imposed by the US on Indian shipments since August. The US imposed a steep 50% tariff on goods from India, which took effect on August 27. Currently, the value of goods or software exports made by exporters is required to be realised fully and repatriated to the country within a period of nine months from the date of export.

Further, RBI has increased in the time period for shipment of goods from one year to three years from the date of receipt of advance payment or as per agreement, whichever is later. Additionally, the RBI has introduced new directives aimed at debt relief, allowing deferment of payment of all of term loans and recovery of interest on working capital loans, as applicable, falling due between 1 September 2025, and 31 December 2025. The measures also encompass a reassessment of working capital requirements, providing flexibility in credit availability. Exporters now have up to 450 days to repay export credits disbursed by 31 March 2026, with relaxed norms for those facing dispatch challenges on packing credits obtained by August 31, 2025. These comprehensive steps signal a robust response to ongoing trade disruptions.

IPO Update:

Capillary Technologies India received bids for 37,56,400 shares as against 83,83,430 shares on offer, according to stock exchange data at 15:20 IST on Monday (17 November 2025). The issue was subscribed 0.45 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.

Fujiyama Power Systems received bids for 4,52,44,225 shares as against 2,63,47,221 shares on offer, according to stock exchange data at 15:20 IST on Monday (17 November 2025). The issue was subscribed 1.72 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.

Buzzing Index:

The Nifty PSU Bank index jumped 1.14% to 8,495.60. The index rallied 2.31% in two consecutive trading sessions.

Indian Overseas Bank (up 3.74%), Bank of Maharashtra (up 3.24%), Central Bank of India (up 2.48%), Indian Bank (up 2.44%), Punjab & Sind Bank (up 2.42%), Canara Bank (up 2.08%), UCO Bank (up 1.69%), Union Bank of India (up 0.82%), Punjab National Bank (up 0.61%) and State Bank of India (up 0.57%) advanced.

Stocks in Spotlight:

Tata Motors Passenger Vehicles (TMPV) slipped 4.73% after Jaguar Land Rover (JLR) cut its EBIT margin guidance to 0%'2% and warned of up to '2.5 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.

Kotak Mahindra Bank advanced 1.31% 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 1.42%. 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 4.80% 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.

SKF India rose 0.24%. The firm reported a 11.99% increase in consolidated net profit to Rs 105.49 crore in Q2 FY26 as against Rs 94.19 crore posted in Q2 FY25. Revenue from operations jumped 5.21% year on year to Rs 1,309.06 crore in the quarter ended 30 September 2025.

Narayana Hrudayalaya surged 18.54% 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.

India Glycols rallied 6.35% 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 2.51% 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.

Power and Instrumentation (Gujarat) gained 3.62% 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 5.34% 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 2.63% after it has been awarded a Rs 498.3 crore project management consultancy (PMC) contract by Damodar Valley Corporation (DVC).

Trishakti Industries rallied 2.30% 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.

Global Markets:

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

Most Asian markets ended lower as investors weighed escalating tensions between Japan and China, following Beijing's advisory cautioning its citizens about travelling to or studying in Japan.

The rising feud between the countries over Taiwan resulted in significant selling in Japan's tourism and retail stocks today. China has consistently ranked among the top sources of tourists visiting Japan.

The escalation came after comments this month by Prime Minister Sanae Takaichi of Japan about Taiwan, a self-governed democracy that China considers part of its territory. Ms. Takaichi told the Japanese Parliament that a hypothetical Chinese attack on Taiwan could trigger a military response from Tokyo.

On Friday, the Chinese Embassy in Tokyo warned its citizens against traveling to Japan because of what it described as serious safety risks. China did not provide evidence, but the warning could affect an important part of Japan's tourism economy.

Japan's Prime Minister Sanae Takaichi, who has been a vocal critic of China and its military activities in the region, suggested this month Tokyo could take military action if Beijing attacked Taiwan.

Thailand Gross domestic product in the three months through September rose 1.2% from a year earlier, the National Economic and Social Development Council said on Monday. The economy shrank 0.6% from the second quarter. Its first drop in quarterly output since the end of 2022 and is the deepest decrease since mid-2021.

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

Traders also monitored key regional data, including Thailand's Q3 GDP report and Singapore's latest trade balance numbers.

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%).

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