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Trendlyne Marketwatch
17 Nov 2025, 04:05PM
Market closes higher as Nifty Bank touches its all-time high
By Trendlyne Analysis

 

Nifty 50 closed at 26,013.45 (103.4, 0.4%), BSE Sensex closed at 84,950.95 (388.2, 0.5%) while the broader Nifty 500 closed at 23,954.55 (118.2, 0.5%). Market breadth is even. Of the 2,635 stocks traded today, 1,292 showed gains, and 1,301 showed losses.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 1.6% and closed at 11.8 points. Narayana Hrudayalaya closed 14.5% higher after its Q2FY26 revenue jumped 17.2% YoY to Rs 1,667.8 crore, led by higher footfalls, better payor mix and strong demand in its clinic outreach model.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, tracking the benchmark index. Nifty PSU Bank and Nifty India Digital were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the highest-performing sector of the day, with a rise of 1.9%.

European indices are trading mixed. Major Asian indices closed with varied trends. US index futures are trading higher, indicating a positive start to the session as investors await the release of the US employment data, set to come out later this week. Meanwhile, Trip.com Group, AECOM and H World Group are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like Asian Paints, Canara Bank, Muthoot Finance, and 3M India are in the overbought zone.

  • V2 Retail rises as it reports a net profit of Rs 17.2 crore in Q2FY26 compared to a loss of Rs 1.9 crore in Q2FY25, helped by inventory destocking and lower raw materials and jobworking charges. Revenue grows 86.5% YoY to Rs 708.6 crore during the quarter. It features in a screener of stocks near their 52-week high with significant volumes.

  • SpiceJet rises as it expects its operational fleet to double by year-end and expand its network reach. The company plans to return its grounded Boeing aircraft to service, targeting up to eight jets by early 2026, with several set to rejoin the fleet this winter and into 2025.

  • Marico rises as Motilal Oswal retains its ‘Buy’ call, with a target price of Rs 850 per share. This indicates a potential upside of 15%. The brokerage remains positive on the stock, backed by strong domestic sales and solid growth in key brands like Parachute. It expects margins to improve as copra prices soften and sees profits growing steadily over the next two years.

  • India’s merchandise trade deficit widens to $41.7 billion in October from $32.2 billion in September. Commerce Secretary Rajesh Agarwal notes that goods exports declined by around $4 billion in October, marking the first drop this fiscal year, partly due to lower exports to the US.

  • KEC International secures multiple orders worth Rs 1,016 crore across the buildings & factories (B&F), oil & gas pipelines, transmission & distribution (T&D), and cables & conductors businesses.

  • NBCC (India) is rising as it secures an order worth Rs 498.3 crore from Damodar Valley Corp to construct an integrated township at the Chandrapura Thermal Power Station.

  • Inox Wind is falling as its Q2FY26 net profit misses Forecaster estimates by 24.6% despite surging 3.6x YoY to Rs 91.8 crore, helped by inventory destocking. Revenue jumps 56.3% YoY to Rs 1,162.5 crore, led by strong order execution. It shows up in a screener of stocks with expensive valuations according to Trendlyne valuation scores.

  • CLSA Technical Strategist Laurence Balanco reiterates his long-term bullish stance on the Nifty 50, maintaining a target of 37,375–37,400 despite near-term volatility. He notes that the index has completed two major bull cycles since the 2001 lows and believes the current uptrend still has several years to run, implying potential upside of more than 59% from current levels.

  • IdeaForge Technology surges as it wins over Rs 100 crore in new defence orders for unmanned aerial vehicles (UAVs) from the Indian Army and Ministry of Defence (MoD). The orders cover drones meant for tactical and surveillance operations.

  • Ahluwalia Contracts surges more than 10% as its Q2FY26 net profit jumps 103.2% YoY to Rs 78.6 crore, owing to lower construction and finance costs. Revenue grows 16.5% YoY to Rs 1,192.3 crore, led by an improvement in the contract work segment. It features in a screener of stocks with prices above short, medium and long-term moving averages.

  • Oil India is rising as its Q2FY26 revenue grows 11.4% YoY to Rs 8,911.3 crore, helped by improvements in the natural gas, refinery products, liquified natural gas, and pipeline transportation segments. However, net profit declines 29.1% YoY to Rs 1,428.8 crore due to higher inventory, employee benefits, contract, and finance costs. It appears in a screener of stocks with improving net cash flow over the past two years.

  • Varun Kapur, MD & CEO of Travel Food Services, says H1 performance was impacted by an unexpected drop in passenger traffic amid geopolitical disruptions, but sees a strong recovery in H2. He expects system-wide sales to reach around Rs 4,000 crore in FY27, with PAT margins steady at 25–26%. He also highlights that the company has added 50 QSR outlets over the past year.

  • Anant Raj is rising as it signs a memorandum of understanding (MoU) with the government of Andhra Pradesh to invest Rs 4,500 crore to develop data centres and cloud services.

  • Narayana Hrudayalaya is rising sharply as its Q2FY26 net profit grows 30.1% YoY to Rs 258.5 crore. Revenue jumps 17.2% YoY to Rs 1,667.8 crore, supported by an improvement in the medical & healthcare services segment. It appears in a screener of stocks with increasing revenue for the past three quarters.

  • Ashoka Buildcon falls as net profit declines 80.4% YoY to Rs 90.7 crore in Q2FY26, weighed down by a Rs 219.3 crore loss on the sale of stakes in five subsidiaries. Revenue declines 25.6% to Rs 1,851.2 crore, due to a smaller project base after recent asset sales and slower execution on ongoing works. It appears in a screener of companies with growing YoY costs for long-term projects.

  • UBS reiterates its 'Sell' rating on Bharat Forge with a higher target price of Rs 1,230. The brokerage notes that management expects a soft Q3, with recovery beginning in Q4. In Q2, the company saw weakness in the auto segment but strong momentum in defence. Margins stayed healthy, supported by tight cost control. UBS also highlights that the company is evaluating a restructuring of its EU steel business, with an update expected by the end of the fiscal year.

  • Siemens is rising as its Q2FY26 revenue beats Forecaster estimates by 6.3% after growing 16% YoY to Rs 5,171.2 crore, helped by improvements in the smart infrastructure, mobility, and digital industries segments. However, net profit declines 41.6% YoY to Rs 484.9 crore due to a high base effect in Q2FY25 from a one-time property gain. It appears in a screener of stocks with zero promoter pledge.

  • Max Healthcare's net profit surges 74% YoY to Rs 491.3 crore in Q2FY26. Revenue rises 25.1% YoY to Rs 2,135.47 crore, driven by higher patient volumes across its medical and healthcare services businesses. It appears in a screener of companies with high TTM EPS growth.

  • IRB Infrastructure Developers rises sharply as it bags a letter of award (LoA) worth Rs 9,270 crore from the National Highways Authority of India (NHAI) to construct highways in Uttar Pradesh.

  • Ravi Jakhar, Group CFO of Allcargo Logistics, expects PAT to grow about 20% from Q4FY26, supported by strict cost control and the scaling up of the express business. He adds that overheads were well managed in Q2, while Q3 revenue is likely to remain flat due to the strong festive-season base in Q2.

  • Indian Hotels enters a share purchase agreement to acquire a 51% stake in health and wellness resort operator, Sparsh Infratech, for Rs 240 crore.

  • GMR Power & Urban Infra is rising sharply as its Q2FY26 net profit surges 3.5x YoY to Rs 888.4 crore, helped by a Rs 1,023 crore exceptional gain. Revenue jumps 27.5% YoY to Rs 1,922 crore, helped by improvements in the power and smart meter infrastructure segments. It appears in a screener of newly affordable stocks with good financials and durability.

  • Tata Motors Passenger Vehicles is falling sharply as its Q2FY26 revenue declines 28.4% YoY to Rs 73,810 crore, due to the temporary shutdown of Jaguar Land Rover's operations caused by a cyber incident. However, net profit surges 22.8x YoY to Rs 76,170 crore, led by a Rs 82,616 crore gain from the demerger of the commercial vehicle business. It shows up in a screener of stocks with declining net cash flow.

  • Glenmark Pharmaceuticals is falling as its Q2FY26 net profit misses Forecaster estimates by 75.6% despite surging 72.3% YoY to Rs 610.4 crore, helped by a Rs 103.1 crore deferred tax return and lower raw material expenses. Revenue jumps 79.9% YoY to Rs 6,247.5 crore, supported by improvements in the North American and European markets. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Nifty 50 was trading at 25,951.05 (41, 0.2%), BSE Sensex was trading at 84,700.50 (137.7, 0.2%), while the broader Nifty 500 was trading at 23,904.75 (68.4, 0.3%).

  • Market breadth is ticking up strongly. Of the 2,254 stocks traded today, 1,471 were in the positive territory and 695 were negative.

Riding High:

Largecap and midcap gainers today include Siemens Ltd. (3,232.60, 4.8%), Hero MotoCorp Ltd. (5,798.50, 4.7%) and PB Fintech Ltd. (1,819.80, 4.7%).

Downers:

Largecap and midcap losers today include Tata Motors Passenger Vehicles Ltd. (372.70, -4.7%), Bajaj Holdings & Investment Ltd. (12,150, -3.3%) and Astral Ltd. (1,465.70, -3.2%).

Volume Shockers

22 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Narayana Hrudayalaya Ltd. (2,008.20, 14.5%), Maharashtra Scooters Ltd. (15,400, 7.4%) and Jubilant Ingrevia Ltd. (718.25, 5.2%).

Top high volume losers on BSE were Rainbow Childrens Medicare Ltd. (1308.20, -2.5%), Inox Wind Ltd. (146.11, -1.7%) and Glenmark Pharmaceuticals Ltd. (1,868.90, -1.4%).

SKF India Ltd. (2061.30, 0.8%) was trading at 42.2 times of weekly average. Atul Ltd. (6,016.50, 1.7%) and Elgi Equipments Ltd. (514.70, 2.6%) were trading with volumes 11.7 and 9.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

25 stocks took off, crossing 52 week highs, while 5 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Asian Paints Ltd. (2,887.90, -0.6%), Bank of India (147.35, 0.6%) and Bharat Petroleum Corporation Ltd. (374.25, 0.8%).

Stocks making new 52 weeks lows included - Bata India Ltd. (1,014.60, -1.2%) and Tata Motors Passenger Vehicles Ltd. (372.70, -4.7%).

24 stocks climbed above their 200 day SMA including Jubilant Ingrevia Ltd. (718.25, 5.2%) and Alembic Pharmaceuticals Ltd. (948.85, 5.0%). 6 stocks slipped below their 200 SMA including Chalet Hotels Ltd. (871.50, -1.4%) and UltraTech Cement Ltd. (11,775, -0.8%).

 
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