Nifty 50 opens lower, after dropping 41.9 points in the pre-opening session. Indian indices closed in the red on Tuesday. FIIs bought shares worth Rs 785.3 crore, while DIIs bought Rs 3,912.5 crore in Indian equities on the same day.

Nifty Midcap 100 and Nifty Smallcap 100 open higher. Nifty Auto and Nifty Metal open in the green. Nifty IT opens higher, tracking the tech-heavy Nasdaq 100 index, which closed 0.6% in the green on Tuesday.

Major European indices closed higher on Tuesday, except Portugal’s PSI index, which closed flat. Major Asian indices are trading in the green. US indices closed higher on Tuesday, with the Dow Jones and S&P 500 closing 1.4% and 0.9% in the green as US retail sales grew 0.2% in September, increasing the chances of a Fed rate cut in the upcoming meeting in December.

• Geojit BNP Paribas upgrades Lupin to a 'Buy' call from 'Hold', with a higher target price of Rs 2,225 per share. This indicates a potential upside of 8.2%. The brokerage is confident in the company's long-term performance, led by its investments, operational improvements, and a strong pipeline. It expects the firm to deliver a revenue CGAR of 10.2% over FY26-27.

• Vikram Solar expands its module production capacity by 5 gigawatts (GW) at its Vallam facility in Tamil Nadu, taking its total capacity to 9.5 GW.

• Elgi Equipments rises sharply after SBI Mutual Fund acquires 55 lakh shares (1.8% equity) for Rs 268.6 crore. The fund already held a 4.3% stake in the company.

• ASK Automotive rises as its promoter, Kuldip Singh Rathee, sells a 4% stake (~78.9 lakh shares) for Rs 373 crore at an average price of Rs 473 per share. The sale is to meet the minimum public shareholding requirement of 25%. SBI Mutual Funds buys 78.6 lakh shares for Rs 371.9 crore.

• Excelsoft Technologies' shares debut on the bourses at a 12.5% premium to the issue price of Rs 120. The Rs 500 crore IPO received bids for 43.2 times the total shares on offer.

• Indraprastha Gas is rising as it forms a 50:50 joint venture (JV) with CEID Consultants & Engineering to set up a compressed biogas plant.

• Elara Securities maintains its 'Buy' rating on Kaynes Technology with a target price of Rs 7,670. The brokerage remains positive on the company’s long-term outlook, supported by a capex of Rs 11,000 crore through FY29. It notes FY26 revenue guidance remains steady at Rs 4,500 crore, driven by demand across automotive, EVs, railways, aerospace, and industrials.

  #BrokerageRadar | Elara Securities on Kaynes Technology: Buy with ?7,670 target price; strong multi-year capex pipeline and earnings momentum keep long-term outlook robust@elaracapital pic.twitter.com/R1gPkioPcW

  — ET NOW (@ETNOWlive) November 26, 2025

• Zydus Lifesciences rises as it receives approval from the US FDA for Verapamil Hydrochloride extended-release tablets. The drug is used to treat high blood pressure and has a market size of $24.5 million according to IQVIA.

• Indian Overseas Bank is rising as it receives an income tax refund order worth Rs 835.1 crore from the Income Tax (IT) Department for AY23.

• Bharti Airtel is falling as its promoter entity, Indian Continent Investment, owned by the Mittal family, reportedly plans to sell 3.4 crore shares (or 0.6% stake) worth Rs 7,193 crore via block deals.

• NCC is rising as it receives an order worth Rs 2,062.7 crore from the Public Works (Health & Education) Department, Assam, to expand and modernise Gauhati Medical College & Hospital.

• Nifty 50 was trading at 25,969.65 (84.9, 0.3%), BSE Sensex was trading at 84,503.44 (-83.6, -0.1%) while the broader Nifty 500 was trading at 23,749.55 (94.5, 0.4%).

• Market breadth is overwhelmingly positive. Of the 2,081 stocks traded today, 1,540 were on the uptick, and 465 were down.

Riding High:

Largecap and midcap gainers today include Steel Authority of India (SAIL) Ltd. (137.43, 3.9%), JSW Steel Ltd. (1,143.10, 2.8%) and Lloyds Metals & Energy Ltd. (1,214.50, 2.2%).

Downers:

Largecap and midcap losers today include Bharti Airtel Ltd. (2,113.90, -2.2%), Bajaj Holdings & Investment Ltd. (11,513, -1.1%) and Balkrishna Industries Ltd. (2,281, -1.0%).

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (3,820.80, -0.1%), Hero MotoCorp Ltd. (6,085, 0.1%) and Multi Commodity Exchange of India Ltd. (10,065, 2.0%).

Stocks making new 52 weeks lows included - Deepak Nitrite Ltd. (1,587, 0.4%) and Sanofi India Ltd. (4,366.40, -0.3%).

7 stocks climbed above their 200 day SMA including Kaynes Technology India Ltd. (5,902.50, 2.2%) and JM Financial Ltd. (142.50, 1.9%). 5 stocks slipped below their 200 SMA including Sundram Fasteners Ltd. (958.25, -0.7%) and ACC Ltd. (1,866.90, -0.1%).