Nifty 50 opened at 25,696.85, down by 57.40 points (0.22%). Bank Nifty opened at 57,726.85 increased by 10.45 points (0.052%). Sensex opened at 83,835.10, down by 230.32 points (0.27%). GIFT Nifty is currently trading at 25,791.
Global index as of November 2025
- DOW 30 closed at 47,562.87, up by 40.75 points (0.086%).
- S&P 500 closed at 6,840.20, up by 17.86 points (0.26%).
- NASDAQ increased by 143.81 points (0.61%), closing at 23,724.96.
- FTSE 100 decreased by 42.81 points (0.44%) to settle at 9,717.25.
- DAX decreased by 160.59 points (0.67%), ending at 23,958.30.
- NIKKEI 225 increased 1,085.73 points (2.12%) to trade at 52,411.34.
Commodities Update
- Gold: Currently trading at Rs. 121,719 per 10 grams.
- Silver: up by 0.67%, now at Rs 149,285 per kilo.
- Crude Oil: Prices up by 0.70%, reaching USD 64.915, compared to the previous close.
Global events/updates
- China’s factory activity slowed in October, missing expectations as new export orders dropped at their fastest pace since May. Business confidence also weakened to a six-month low, reflecting growing economic uncertainty. However, there was a small positive sign — employment in the manufacturing sector improved for the first time since March, reaching its highest level since August 2023.
- The Nexperia chip crisis has put global automakers on edge as tensions rise between the EU, U.S., and China. The Netherlands-based firm’s China operations were restricted, disrupting chip exports vital for vehicle production. Ongoing talks in Europe aim to ease the standoff, with early signs that China and the U.S. may allow limited exports to resume.
- U.S. President Donald Trump said Chinese President Xi Jinping assured him that China would not act against Taiwan during his presidency. While Trump avoided confirming if the U.S. would defend Taiwan, he hinted that China knows the consequences. Beijing reiterated that Taiwan is its internal matter, while Washington maintained its long-standing “strategic ambiguity” on the issue.
- Microsoft AI chief Mustafa Suleyman stated that consciousness exists only in biological beings, dismissing the idea that AI could ever be truly conscious. Speaking to CNBC, he emphasized that developing seemingly conscious machines is not work humans should pursue. His stance marks a clear ethical position against efforts to replicate human-like awareness in artificial intelligence.
- As millions of Americans worry about losing SNAP food benefits amid political battles, a federal judge has ordered the Trump administration to release the payments. However, delays are expected in November. Ironically, while people fear hunger, the U.S. wastes nearly $400 billion worth of food every year, according to nonprofit ReFED, highlighting a deep systemic imbalance.
Stocks to watch
- Adani Enterprises: Adani Enterprises sold its 50% stake in Kutch Copper Tubes to MetTube Mauritius, making it no longer a subsidiary. Simultaneously, it acquired a 50% stake in MetTube Copper India, expanding its footprint in the copper manufacturing segment.
- ICICI Bank: RBI has approved granting voting rights on deposited securities to registered holders of ICICI Bank’s American Depository Shares, aligning governance norms with global standards and potentially strengthening shareholder participation in the bank’s key decisions.
- Urban Company: The board approved dissolving its Saudi Arabian arm, Urban Company Arabia. Operations have been transferred to a joint venture effective January 1, marking a strategic shift toward collaborative expansion in the Middle East market.
- Le Travenues Technology Ltd: Ixigo’s board has approved raising ₹1,296 crore via a preferential issue to MIH Investments One BV, issuing 4.6 crore shares at ₹280 apiece, strengthening its balance sheet and funding growth initiatives in the travel tech sector.
- United Spirits: United Spirits received approval to transfer the excise license of its manufacturing arm for Indian Made Foreign Liquor, a move likely aimed at improving operational efficiency and compliance within its liquor manufacturing business.
- Bharat Petroleum Corporation: BPCL’s Q2 consolidated profit surged 169.5% YoY to ₹6,191.5 crore, driven by higher refining margins, while revenue rose 2.1% to ₹1,04,946 crore, reflecting strong operational performance amid stable crude prices.
- Bank of Baroda: Q2 standalone profit declined 8.2% YoY to ₹4,809 crore due to lower other income, though provisions fell sharply by 47%. NII grew 2.7% and asset quality improved, with gross NPA at 2.16%.
- Godrej Consumer Products: GCPL’s Q2 consolidated profit dropped 6.5% YoY to ₹459 crore despite a 4.3% rise in revenue to ₹3,825 crore, impacted by higher input costs and muted demand across key segments.
- Tata Chemicals: Tata Chemicals’ Q2 profit fell sharply by 60.3% YoY to ₹77 crore due to an exceptional loss of ₹65 crore, while revenue dipped 3% to ₹3,877 crore amid weaker soda ash pricing.
- JK Cement: JK Cement posted a 27.6% YoY rise in Q2 profit to ₹160.5 crore, with revenue up 18% at ₹3,019 crore, driven by higher volumes and improved realizations across domestic and export markets.
- SBFC Finance: SBFC Finance’s Q2 profit rose 30% YoY to ₹109 crore, and revenue jumped 32% to ₹282 crore, supported by strong loan growth and improved margins in its secured small business lending portfolio.
- Azad Engineering: Q2 consolidated profit surged 55.8% YoY to ₹32.7 crore, while revenue grew 30.6% to ₹145.6 crore, driven by strong order execution in aerospace and precision engineering segments.
- Mahindra Lifespace Developers: The company swung to a Q2 profit of ₹47.9 crore from a ₹14 crore loss last year, aided by a 131% revenue rise and a sharp increase in joint venture profits.
- Zensar Technologies: Zensar’s Q2 consolidated profit grew 17% YoY to ₹182 crore as revenue increased 8.7% to ₹1,421 crore, supported by digital transformation projects and improved operational efficiency.
- NOCIL: NOCIL’s Q2 profit plunged 71.2% YoY to ₹12 crore, and revenue fell 11.6% to ₹321 crore, hurt by weak demand and margin pressures in the rubber chemicals segment.
- Schaeffler India: Q3 consolidated profit jumped 22.4% YoY to ₹289 crore, with revenue up 15% to ₹2,435 crore, reflecting strong automotive demand and steady growth in the industrial business.
- RR Kabel: RR Kabel’s Q2 profit soared 134.7% YoY to ₹116 crore, while revenue rose 19.5% to ₹2,164 crore, driven by robust demand for cables and consumer electrical products.
- LG Balakrishnan & Brothers: Q2 profit rose 20.7% YoY to ₹93.6 crore, and revenue grew 19% to ₹787 crore, supported by healthy demand from the automotive chain and sprocket segment.
- Mahindra Holidays & Resorts: Q2 profit increased 29.6% YoY to ₹17.8 crore, with revenue up 7% to ₹717 crore, backed by higher resort occupancy and new member additions.
- Balkrishna Industries: Q2 profit fell 21.3% YoY to ₹273 crore as revenue dipped 1.1% to ₹2,394 crore, impacted by softer demand in the off-highway tire segment and elevated costs.
- Phoenix Mills: Q2 profit rose 39.4% YoY to ₹304 crore, and revenue grew 21.5% to ₹1,115 crore, fueled by strong retail and commercial leasing momentum across malls and offices.
- MedPlus Health Services: Q2 profit increased 43.3% YoY to ₹55.5 crore, with revenue up 6.5% to ₹1,679 crore, reflecting network expansion and improved operational efficiencies.
- Patanjali Foods: Q2 profit surged 67.4% YoY to ₹517 crore as revenue rose 21% to ₹9,799 crore, led by strong edible oil and food product sales.
- Maruti Suzuki: October sales grew 7% YoY to 2.2 lakh units, driven by a 9.4% rise in domestic sales to 1.89 lakh units, though exports fell 5.6% to 31,304 units.
- Hyundai Motor India: October sales stood at 69,894 units, including 53,792 domestic and 16,102 exports. Creta and Venue achieved their second-highest ever combined monthly sales of 30,119 units.
- Tata Motors: October passenger vehicle sales rose 27% YoY to 61,134 units, including strong EV growth. Total commercial vehicle sales grew 10% to 37,530 units, driven by domestic demand recovery.
- M&M Auto: October total sales rose 25.6% YoY to 1.2 lakh units, led by a 31% jump in passenger vehicles and a 13% rise in tractors, reflecting festive demand strength.
- Eicher Motors: Royal Enfield reported record festive sales, with total motorcycle sales up 13% YoY to 1.24 lakh units, while VECV sales rose 13.2% to 8,050 units.
- TVS Motor Company: October sales climbed 11% YoY to 5.43 lakh units, with two-wheeler and EV sales growing steadily and exports rising 21%, reflecting broad-based demand strength.
- Escorts Kubota: October tractor sales rose 3.8% YoY to 18,798 units, supported by rural demand, while exports grew 38.4% to 375 units, signaling improving global traction.
- SML Mahindra: October total sales jumped 32% YoY to 1,059 units, driven by higher demand for light and medium commercial vehicles.
- Kotak Mahindra Bank: Shanti Ekambaram retired as Deputy Managing Director and Director on October 31, marking the completion of a long and influential tenure with the bank.
- Titagarh Rail Systems: Won a ₹2,481 crore contract from MMRDA for Mumbai Metro Line 5, including 132 coaches, signaling, telecom, and five years of maintenance — a major boost to its metro business.
- CE Info Systems (MapmyIndia): Signed an MoU with DMRC to integrate Delhi Metro’s API with the Mappls app, enhancing real-time navigation and commuter convenience across Delhi-NCR.
- Astra Microwave Products: Its JV Astra Rafael Comsys received a ₹285.56 crore defence order for communication systems for Indian Air Force special forces, strengthening its defence electronics portfolio.
- RailTel Corporation: Received a ₹32.43 crore order from the Rajasthan Council of School Education for IT services, supporting digital infrastructure in government schools.
- Zen Technologies: Secured two Ministry of Defence orders worth ₹289 crore for upgrading anti-drone systems, reinforcing its leadership in defence simulation and counter-drone technologies.
- NCC: Bagged four new orders worth ₹710 crore in October, mainly for buildings and transportation, in addition to a major ₹6,829 crore order received earlier in the month.
- NTPC Green Energy: Signed an MoU with CtrlS Datacenters to develop 2 GW renewable energy projects for round-the-clock power supply to datacenters nationwide.
- Gujarat Gas: Pankaj Joshi resigned as Chairman effective November 1, succeeded by Manoj Kumar Das as Additional Director and Chairman effective November 2.
- AU Small Finance Bank: Deputy CEO Rajeev Yadav resigned effective October 31, marking a leadership transition in the bank’s senior management team.
- Zee Media Corporation: CEO Karan Abhishek Singh resigned effective October 31, signaling an upcoming change in leadership at the news network.
- Hindustan Unilever: Received a ₹1,986 crore tax demand notice from the Income Tax Department for FY 2020–21, which the company is reviewing for further action.
Bulk and Block Deals
- AAA Technologies:
Anchor investor Nova Global Opportunities Fund PCC – Touchstone acquired an additional 5 lakh shares (3.89% stake) in AAA Technologies at ₹93.95 per share for ₹4.69 crore. Meanwhile, promoters collectively sold 4.95 lakh shares (3.86% stake) at the same price. - Affordable Robotic & Automation:
Promoter Milind Manohar Padole sold 1.6 lakh shares (1.42% stake) at ₹248.8 per share, totaling ₹3.98 crore. Conversely, Anantnath Skycon acquired 1.45 lakh shares at the same price, investing ₹3.6 crore in the company. - Renol Polychem:
Funds, includingthe Persistent Growth Fund and Generational Capital, sold 48,000 shares each at ₹108 per share, worth ₹51.84 lakh. Meanwhile, Motta Hardik Kishor, Marisha Hardik Motta, and Vaishaliben Panchal collectively bought over 1.8 lakh shares, totaling around ₹2 crore. - HCP Plastene Bulkpack:
SKG Asset Management purchased 55,000 shares (0.5% stake) in HCP Plastene Bulkpack at ₹150.55 per share, investing ₹82.8 lakh, signaling confidence in the plastics packaging manufacturer’s growth outlook.
Brokerage Recommendations
- Investec on Bank of Baroda: Investec upgraded Bank of Baroda to Buy from Hold and raised its target price to ₹325 from ₹250, citing strong NII-led performance, improving RoA, robust retail and agri loan growth, healthy deposits, and continued asset quality improvement.
- Morgan Stanley on Maruti: Morgan Stanley maintained an Overweight rating on Maruti, increasing the target price to ₹18,489. It highlighted Maruti’s market expansion, powertrain diversification, and export strategy, with 90% festive growth and strong bookings pointing to a solid Q3.
- Jefferies on Mphasis: Jefferies reiterated a Buy rating on Mphasis, trimming its target price to ₹3,260. It noted a steady quarter with strong deal wins, stable 15.6% margins through FY28, and raised FY26–28 EPS estimates by 1–3% amid healthy growth visibility.
- Citi on ACC: Citi maintained a Buy rating on ACC, lifting the target price to ₹2,750. It cited better-than-expected realizations, improving RMC profitability, and 16% YoY cement volume growth, with capacity expected to rise to 43.7mt by FY26, supporting a positive outlook.
Stocks Trade Ex-Dividend
- Shree Cement
- Colgate Palmolive (India)
- DCM Shriram
- Oracle Financial Services Software
- Supreme Industries
Results Today
Bharti Airtel, Titan Company, Tata Consumer Products, Power Grid Corporation of India, ACME Solar Holdings, Ajanta Pharma, Ambuja Cements, Bharti Hexacom, City Union Bank, Gland Pharma, JK Paper, Hitachi Energy India, Stove Kraft, TBO TEK, Timken India, Websol Energy System, Westlife Foodworld, and Wockhardt will release their quarterly earnings today.
Written by Abhishek Singh
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