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Trendlyne Marketwatch
24 Nov 2025, 03:55PM
Market closes lower, dragged by weakness in Realty and Chemical stocks
By Trendlyne Analysis

 

Nifty 50 closed at 25,959.50 (-108.7, -0.4%) , BSE Sensex closed at 84,900.71 (-331.2, -0.4%) while the broader Nifty 500 closed at 23,674.55 (-115.7, -0.5%). Market breadth is highly negative. Of the 2,615 stocks traded today, 638 were on the uptick, and 1,935 were down.

Indian indices closed lower after extending losses in the afternoon session. The Indian volatility index, Nifty VIX, fell 2.9% and closed at 13.2 points. Hindustan Aeronautics closed 3.3% lower after its Tejas fighter jet crashed during an aerial demonstration at the Dubai Air Show on November 21.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty India Defence and Nifty Realty were among the top index losers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 2.2%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading higher as investors assess the likelihood of a Federal Reserve rate cut next month. New York Federal Reserve President John Williams indicated that there is room for a rate reduction in the near term due to a gradually cooling labor market. Brent crude futures are trading lower after the US and Ukraine held talks over a possible plan to end the war with Russia.

  • Money flow index (MFI) indicates that stocks like GMR Airports, Shriram Finance, Asian Paints, and Hero MotoCorp are in the overbought zone.

  • ACME Solar Holdings wins a 130 MW bid under the Renewable Energy Management Centre's (REMC) 1,000 MW power tender at Rs 4.4/unit. The company will supply clean power using solar, storage, and complementary wind, with commissioning planned within 30 months of the power purchase agreement (PPA).

  • ICICI Direct maintains its ‘Buy’ call on Sansera Engineering, with a target price of Rs 1,930 per share. This indicates a potential upside of 19%. The brokerage remains positive on the stock, supported by the company’s strong order pipeline, growing presence in higher-margin segments, and steady improvement in profitability. It expects the firm's revenue to deliver a CAGR of 14% over FY26-28.

  • Adani Enterprises' joint venture, AdaniConneX, plans to acquire a 100% stake in Trade Castle Tech Park (TCTPPL) for Rs 231.3 crore. This acquisition provides AdaniConneX with land and infrastructure to accelerate its data centre expansion.

  • UBS initiates coverage on Shaily Engineering Plastics with a 'Buy' rating and a target price of Rs 4,000. The brokerage notes that Shaily is among the few companies with patented technology for fixed-dose and auto-injector pens. It expects better traction and higher utilisation in the company’s consumer and industrial segments. It also highlights that Shaily is onboarding a major customer in consumer electronics and semiconductors.

  • Uflex to reportedly invest over Rs 700 crore to expand its packaging film manufacturing line in Dharwad, Karnataka. The company will add 54,000 MTPA of new capacity at the plant, bringing its global packaging film capacity to 6.9 lakh MTPA, up from 6.4 lakh MTPA.

  • CG Power and Industrial Solutions falls after its subsidiary, GG Tronics India, loses a Rs 500–600 crore Loco Kavach order from Chittaranjan Locomotive Works. The order was cancelled due to delays in approvals and product development.

  • Embassy Developments unveils plans to launch six new residential projects valued at approximately Rs 10,300 crore in North Bengaluru.

  • Jefferies expects a broad-based earnings recovery from H2FY26, supported by a low base and a consumption boost from recent tax cuts. The brokerage believes corporate earnings have likely moved past their weakest phase, with momentum set to pick up. It projects about 10% earnings growth in H2FY26 and 16% in FY27 as downgrades moderate and disruptions ease. Jefferies also sees a firmer outlook for autos, banks, power, and consumer sectors.

  • Hindustan Construction's board of directors schedules a meeting on November 26 to consider a proposal to raise funds up to Rs 1,500 crore by issuing equity shares through a rights issue.

  • NBCC rises sharply as it secures orders worth over Rs 110 crore across multiple projects. These include project management consultancy work for a new disability-support campus in Madurai, an International Potato Centre project in Agra, and a Canara Bank office building in Ranchi.

  • Dilip Buildcon is rising as it emerges as the L-1 bidder for an order worth Rs 5,000 crore from National Aluminium Co (NALCO) to develop and operate the Pottangi Bauxite Mines, including the Overland Conveyor Corridor and related facilities.

  • Fortis Healthcare, One97 Communications (Paytm), GE Vernova T&D, and Siemens Energy India enter the MSCI India Standard Index. Meanwhile, Tata Elxsi and Container Corp move to the Smallcap Index as part of MSCI’s November 2025 semi-annual review. The changes will take effect after market close today. Nuvama estimates that the new additions could attract inflows of $252–436 million.

  • Hindustan Aeronautics falls as its 'Tejas' fighter jet crashes at the Dubai Air Show, killing an Indian Air Force officer.

  • Shilpa Medicare receives Form 483 with eight observations from the US FDA following an inspection at its Unit IV, Jadcherla facility in Telangana.

  • Karur Vysya Bank cuts its marginal cost of lending rate (MCLR) by 25 bps across all tenures, effective November 22. The revised MCLR, applicable to loans, now ranges from 8.9% to 9.2%.

  • Pradeep Aggarwal, Chairman of Signature Global, highlights the company's plans to roll out nearly 8 million sq. ft. of new residential projects in Gurugram by the end of this financial year, with an estimated gross domestic value (GDV) of Rs 13,000–14,000 crore. He adds that Signature Global has the capacity to launch about 25 million sq. ft. of projects over the next few years and has a strong pipeline that will support launches for 2-3 years.

  • Lupin is falling as it receives Form 483 with seven observations from the US FDA following an inspection at its Goa manufacturing facility.

  • Reports suggest that around 62.9 lakh shares of Karnataka Bank have changed hands across ten block deals at an average price of Rs 186.2 per share. This implies a premium of more than 6% from the previous closing price.

  • Rail Vikas Nigam is rising as it secures an order worth Rs 180.8 crore from North Eastern Railway to upgrade the overhead equipment (OHE) and feeder-wire system in the Lucknow division of Northern Railway.

  • French energy major TotalEnergies reportedly considers selling up to a 6% stake in Adani Green Energy, in a deal worth about Rs 10,200 crore. It acquired a 19.8% stake in 2021 for $2.5 billion, now valued at nearly $8 billion, and is exploring monetising part of this holding to lock in gains.

  • Tata Chemicals' board approves a Rs 135 crore investment to expand its dense soda ash capacity at Mithapur and Rs 775 crore to boost precipitated silica production at Cuddalore, Tamil Nadu.

  • HG Infra Engineering is rising as it secures an Rs 1,415 crore order in a joint venture with Kalpataru Projects International from Maharashtra Metro Rail Corp (MMRCL). The order includes designing and building an elevated metro track from the underground ramp to Balkum Naka, along with the depot approach and three special spans for the Thane Integral Ring Metro Project.

  • Natco Pharma is falling as it receives Form 483 with seven observations from the US FDA following an inspection at its API manufacturing plant in Manali, Chennai.

  • Tata Power rises as it enters an agreement with Druk Green Power Corp (DGPC) to set up a Rs 13,100 crore 1,125 MW Dorjilung hydroelectric power project in Bhutan. Tata Power will also incorporate a special purpose vehicle (SPV) at an investment of Rs 1,572 crore to develop the project.

  • Nifty 50 was trading at 26,097.25 (29.1, 0.1%), BSE Sensex was trading at 85,320.04 (88.1, 0.1%) while the broader Nifty 500 was trading at 23,799.70 (9.5, 0.0%).

  • Market breadth is in the red. Of the 2,216 stocks traded today, 973 were in the positive territory and 1,152 were negative.

Riding High:

Largecap and midcap gainers today include Swiggy Ltd. (404.60, 5.0%), ACC Ltd. (1,913.70, 4.6%) and Mahindra & Mahindra Financial Services Ltd. (357.55, 4.4%).

Downers:

Largecap and midcap losers today include CG Power and Industrial Solutions Ltd. (683, -3.8%), Prestige Estates Projects Ltd. (1,631.30, -3.4%) and Hindustan Aeronautics Ltd. (4,445.10, -3.3%).

Movers and Shakers

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

Top high volume gainers on BSE included ITI Ltd. (325.15, 9.4%), Asahi India Glass Ltd. (1,052.65, 7.1%) and Inventurus Knowledge Solutions Ltd. (1,677.50, 7.0%).

Top high volume losers on BSE were Siemens Energy India Ltd. (3,162.90, -5.1%), Himadri Speciality Chemical Ltd. (422, -4.2%) and Usha Martin Ltd. (416.90, -3.6%).

Tata Elxsi Ltd. (5231, -1.7%) was trading at 34.7 times of weekly average. Honeywell Automation India Ltd. (36,265, 6.2%) and Poly Medicure Ltd. (1,925.50, 2.6%) were trading with volumes 29.4 and 29.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks hit their 52 week highs, while 23 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Axis Bank Ltd. (1,269, -0.5%), Eicher Motors Ltd. (7,258.50, 1.7%) and Federal Bank Ltd. (248.17, 1.3%).

Stocks making new 52 weeks lows included - Bata India Ltd. (1,005.70, 0.5%) and Chambal Fertilisers & Chemicals Ltd. (440.45, -4.1%).

14 stocks climbed above their 200 day SMA including Inventurus Knowledge Solutions Ltd. (1,677.50, 7.0%) and Honeywell Automation India Ltd. (36,265, 6.2%). 35 stocks slipped below their 200 SMA including Firstsource Solutions Ltd. (341.90, -4.9%) and BEML Ltd. (1,823.70, -4.2%).

 
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