Stock Market Highlights: Sensex rises 84 points, Nifty above 25,900 after wild swings; markets end in green despite IT drag

The India VIX slipped 1.89 percent to 11.93, indicating easing intraday volatility after the late surge. This follows one of the most see-saw trading sessions in recent weeks, amplified by election cues and global market uncertainty.

The Bank Nifty closed 0.23 percent higher at 58,518, driven by gains in SBI, Axis Bank and select private lenders. The Nifty Next 50, however, ended marginally lower as institutional-heavy names lagged the broader recovery.

Among broader indices, the Nifty Smallcap 100 rose 0.38 percent, while the Midcap 100 gained 0.08 percent. The Nifty CPSE index climbed 0.89 percent, supported by PSU strength. Midcap 150 and Midsmall 400 also closed in the green.

Smallcaps witnessed another day of wide dispersion. GE Power India surged 17 percent, followed by strong gains in KRBL, Man Industries, CSL Finance and Universal Cables. On the flip side, Allcargo Terminals dropped over 15 percent, with Fischer Medical, Master Trust, Mallcom India, and BL Kashyap down 7-10 percent.

The BSE Midcap index saw strong stock-specific moves. Ipca Labs and Muthoot Finance rallied 11–10 percent, while Jubilant Foodworks, Bharat Dynamics, and Star Health posted healthy gains. Losers included Premier Energies, Supreme Industries, and GE Vernova TD, all down 2.5–6 percent.

PSU banks outperformed with a 1.17 percent jump, driven by broad-based buying in public lenders. Pharma and consumer durables also ended modestly higher. On the downside, autos fell 0.52 percent, metals slipped 0.89 percent, and IT remained the biggest laggard of the day.

Infosys slumped 3.3 percent, leading the Nifty losers, followed by Eicher Motors, TMPV, HDFC Life and JSW Steel. The Nifty IT index dropped 1.03 percent, reflecting continued pressure on global tech sentiment.

Adani Enterprises topped the Nifty gainers, up almost 2 percent. Trent rose 1.5 percent, while SBI, Jio Financial, and Axis Bank climbed 1.3–1.5 percent. Strength in financials and conglomerate names played a decisive role in the late recovery.

The indices spent most of the day in the red, repeatedly slipping and recovering, before a sharp late-afternoon rebound lifted them into positive territory. The Sensex recovered nearly 400 points from the day’s lows, while the Nifty reclaimed the 25,900 mark. Market breadth, however, stayed negative with 2,115 stocks declining against 1,879 advancing.

Sectoral performance at the close reflected the day’s uneven undertone:

• PSU banks outperformed decisively, rising 1.17 percent, extending their strong YTD gains.
• Pharma and FMCG also ended firm, up 0.59 percent and 0.57 percent, respectively.
• Energy and Infrastructure closed marginally higher.

On the downside:

• IT fell 1.03 percent, dragging the entire session and contributing significantly to headline index volatility.
• Autos declined 0.52 percent, while metals slipped 0.89 percent.
• Realty ended slightly negative.

The mixed sectoral picture reflected a rotation-heavy day where defensives, PSUs and select consumption names outperformed even as cyclicals and tech stocks weighed on the market.

The Bank Nifty closed 0.23 percent higher at 58,518, extending the recovery seen in the last hour of trade as private lenders and select PSU banks firmed up. In contrast, the Nifty Next 50 ended marginally lower, down 0.09 percent, as broader institutional-heavy names underperformed despite the late-market rebound.

Into the close, the broader market strengthened alongside the benchmarks. The Nifty Smallcap 100 rose 0.38 percent, while the Midcap 100 gained 0.08 percent. The Midcap 150 and Midsmall 400 also closed in the green. The CPSE index outperformed with a strong 0.89 percent gain, reflecting continued traction in PSU counters.

After spending most of the day in the red and repeatedly slipping back from brief recoveries, the indices rallied sharply in the last hour. The Sensex swung nearly 500 points from its lows, while the Nifty reclaimed the 25,900 mark, signalling decisive short covering and renewed buying interest into the close.

Following the sharp afternoon rebound, buying interest strengthened in key heavyweights. Adani Enterprises rose nearly 2 percent to top the Nifty gainers, while Trent gained 1.6 percent. SBI and Axis Bank advanced around 1.4–1.5 percent, and Jio Financial was up 1.3 percent on strong volumes. The renewed momentum in large financials and select conglomerate names played a major role in powering the index back into positive territory.

The Bank Nifty rose 0.22 percent to 58,511, benefiting from short covering and renewed interest in select private lenders. In contrast, the Nifty Next 50 remained slightly negative, down 0.06 percent, as institutional-heavy counters lagged the broader rebound.

The broader market strengthened alongside the headline indices. The Nifty Midcap 100 gained 0.12 percent while the Nifty Smallcap 100 rose 0.42 percent. The CPSE index outperformed with a 0.99 percent jump, and the Midcap 150 and Midsmall 400 also moved higher, indicating a broad-based pickup in risk appetite after the afternoon turnaround.

The Nifty 50 extended its 3 pm recovery, rising 0.11 percent to 25,909. The index has now recouped the entire intraday loss and moved into the green, marking one of the strongest reversals of the session after spending most of the day in negative territory.

A sharp recovery lifted the market out of the red, marking yet another dramatic reversal in a volatile, stop-start trading day. The late-afternoon rebound erased the earlier 100-point Nifty drop and a 300-point slide on the Sensex within minutes. The move may have been due to short covering, even as election-driven sentiment and global cues kept traders on edge.

The smallcap space saw another round of wide swings. GE Power India surged nearly 18 percent to top the gainers’ list, followed by strong double-digit gains in KRBL, Expleo Solutions, Man Industries and CSL Finance.

On the losing side, the pressure was equally sharp. Allcargo Terminals slid more than 14 percent, while Fischer Medical, Master Trust, BL Kashyap and Mallcom India dropped 7–10 percent. The dispersion underscores the highly stock-specific nature of smallcap trade in an otherwise volatile session.

The Bank Nifty remained marginally lower at 58,260, down 0.21 percent, as financials struggled to contribute meaningfully to the broader market. The Nifty Next 50 also stayed in the red, down 0.27 percent, mirroring the cautious tone across large institutional-heavy counters despite resilience in the smallcap basket.

The broader market showed a slight pickup in sentiment. The Nifty Smallcap 100 gained 0.25 percent, while the Midcap 100 slipped just 0.17 percent. The Midcap 150 and Midsmall 400 also eased modestly, indicating measured profit-taking rather than broad weakness. Meanwhile, the CPSE index rose 0.46 percent, continuing to outperform on the back of steady interest in PSU stocks.

Infosys extended its slide to more than 3.3 percent, continuing to be the biggest drag on the Nifty. Eicher Motors, TMPV, JSW Steel and Tata Steel also fell sharply as IT, autos and metals remained the weakest sectors of the day.

Adani Enterprises stayed strong with a 2 percent gain, while Axis Bank, Sun Pharma, Trent and Eternal posted modest advances. These pockets helped cushion the fall but could not offset the broader sell-off.

Most sectoral indices remained in the red, with Nifty IT down 1.7 percent and Nifty Auto nearly 1 percent lower. PSU banks, however, outperformed with a 0.7 percent rise, while pharma gained 0.3 percent. Smallcaps held slightly positive with a 0.2 percent gain, even as midcaps stayed under pressure.

The Bank Nifty slipped 0.35 percent to 58,175, weighed by weakness in private lenders and muted sentiment in financials. The Nifty Next 50 also extended losses, down 0.37 percent, reflecting broader caution in institutional favourites even as smallcaps showed relative resilience.

The broader market remained uneven, mirroring the day’s choppy headline trade. The Nifty Smallcap 100 held in positive territory with a 0.21 percent gain, while the Nifty Midcap 100 fell 0.27 percent. The Midcap 150 and Midsmall 400 also traded mildly lower, signalling persistent profit-taking in mid-tier stocks. Meanwhile, the CPSE index stayed in the green, supported by PSU strength.

After staging multiple intraday recoveries, the market slipped again, with the Nifty falling back by 105 points to 25,774 and the Sensex losing nearly 350 points to 84,129. This marks yet another sharp reversal in a stop-start session where every bounce from the lows has been met with renewed selling. The whipsaw movement remains the defining feature of today’s trade, despite strong political cues from the NDA’s commanding Bihar lead.

Infosys slid over 3 percent, remaining the biggest Nifty drag. Eicher Motors, JSW Steel, TMPV and Tata Steel also extended losses as IT, auto and metal indices stayed firmly in the red.

Adani Enterprises held a 1.7 percent gain, with Axis Bank, Jio Financial, Bharat Electronics and Eternal also in the green. These pockets helped soften the fall but were not enough to offset broad-based selling.

The PSU Bank index rose 0.7 percent, pharma gained 0.4 percent and the Nifty Smallcap 100 was up 0.3 percent. Midcaps, however, stayed weak, and overall market breadth remained negative with more than 2,100 stocks declining.

US stock futures dipped in early trade, with Dow futures slightly below flat, S&P 500 futures down 0.1 percent and Nasdaq 100 futures lower by 0.2 percent. The move follows Wall Street’s sharpest sell-off in over a month, as traders pared back expectations of a December Fed rate cut.

Political cues strengthened further as the NDA widened its lead, now ahead in 201 of 243 seats in the Bihar Assembly election. The scale of the mandate signalled a sweeping victory for the alliance, reinforcing policy continuity expectations. However, despite the clarity on the political front, the equity market continued to see sharp back-and-forth swings, reflecting sectoral pressures and intra-day profit-taking rather than a straightforward election-driven rally.

Both large financial and diversified baskets softened further. The Bank Nifty was down 0.33 percent at 58,192, weighed by weakness in private lenders and a muted undertone in financials. The Nifty Next 50 also declined 0.34 percent, reflecting broader caution among institutional-heavy counters even as smallcaps held relatively resilient.

The broader market continued to show a split trend. The Nifty Smallcap 100 was up 0.24 percent, extending its outperformance for the day, while the Nifty Midcap 100 slipped 0.22 percent. The Midcap 150 and Midsmall 400 also traded mildly lower, signalling selective profit-taking after recent gains. Meanwhile, the CPSE index stayed in positive territory, supported by strength in PSU names.

The smallcap space witnessed wide intraday moves, with strong winners on one end and steep declines on the other. Expleo Solutions surged over 14 percent, followed by Man Industries and KRBL, which climbed 12-13 percent. At the same time, selling pressure was intense in Allcargo Terminals, Fischer Medical, and Master Trust, each falling 9-14 percent. The polarised movement showed the stock-specific character of today’s broader market.

Midcaps saw pronounced two-way moves, with sharp gains in a few names offset by notable declines elsewhere. Muthoot Finance led the surge with a 9.5 percent rise, followed by Ipca Labs (8.1 percent), Jubilant Foodworks, Bharat Dynamics, and Star Health, all registering robust gains.

On the other hand, pressure was visible in counters like Premier Energies, Supreme Industries, NALCO, GE Vernova TD, and Brainbees Solutions, which fell 2.5–5 percent. The divergence highlighted the broader market’s selective and stock-specific nature amid an otherwise whipsaw trading session.

Infosys remained the biggest drag on the Nifty, falling 3 percent. Eicher Motors, Tata Steel, Tech Mahindra and JSW Steel also stayed weak as IT and metals continued to apply pressure. The Nifty IT index was down 1.7 percent, extending its intraday slide.

The PSU Bank index gained 0.6 percent and pharma rose 0.4 percent, while the Nifty Smallcap 100 advanced 0.36 percent. Energy and media indices also traded in the green, even as midcaps stayed marginally lower and autos and realty remained weak.

Adani Enterprises held steady with a 1.7 percent rise, while Jio Financial, Bharat Electronics, Axis Bank and Sun Pharma added around 1 percent each. These counters formed the core of the market’s limited support zone.

Infosys fell over 2.6 percent, making it the biggest Nifty loser. Eicher Motors, Tata Steel, Tech Mahindra and JSW Steel also slipped sharply. The Nifty IT index dropped nearly 1.8 percent, while autos declined 0.7 percent as sectoral pressure persisted.

Energy stocks gained 0.36 percent, while PSU banks rose nearly 0.6 percent. Pharma also traded in the green. On the flip side, metals, autos and realty remained weak. Smallcaps outperformed modestly with a 0.33 percent gain, even as midcaps stayed slightly in the red.

Adani Enterprises held on to a 2 percent gain, topping the Nifty list alongside Axis Bank, Jio Financial, Adani Ports and Dr Reddy’s Labs. Select financials and pharma names remained resilient despite broader market weakness.

Around 12:50 pm, the broader market showed a mixed but slightly improved undertone. The Nifty Smallcap 100 advanced 0.42 percent, while the Midcap 100 was almost flat. The Nifty Next 50 also held marginally lower.

Across the extended market, the CPSE index outperformed with a strong 0.85 percent intraday gain, supported by moves in PSU names. The Nifty Smallcap 250 and the Midsmall 400 indices also traded in the green.

Frontline indices remained subdued, with the Nifty 50 down 0.25 percent and the Bank Nifty lower by 0.11 percent, highlighting continued caution despite sector-specific momentum in pockets of the broader market.

The PSU Bank index gained 0.7 percent and pharma rose nearly 0.5 percent, while smallcaps advanced over 0.5 percent. Broader market action was firmer in pockets even as midcaps inched up modestly, suggesting selective buying despite an overall cautious undertone.

Infosys remained the biggest drag, down nearly 2.5 percent, while Eicher Motors, Tata Steel, TMPV and HDFC Life also declined. The Nifty IT index was lower by more than 1 percent, keeping a lid on any meaningful upside.

Adani Enterprises surged over 2.4 percent to top the Nifty gainers, followed by Jio Financial, Axis Bank and Adani Ports. The strength in conglomerate and banking names helped the indices stabilise after a choppy morning session.

Bharat Electronics Lts had bagged orders worth Rs 871 crore, it said today. The stock was trading up nearly 1%

Shares of Paras Defence rallied 10 percent, and were among the top smallcap gainers, after the company posted a 50 percent rise in Q2 profit, supported by improved operating margins. The stock saw strong buying interest following the earnings beat, which highlighted continued traction in its defence and space engineering segments.

New World Fund sold a 2.09 percent stake in PB Fintech through open-market transactions in November. Details of the buyers were not immediately available.

The PSU Bank index gained 0.7 percent, while pharma rose 0.6 percent and smallcaps advanced nearly 0.5 percent. Broader market strength, however, remained uneven, with midcaps edging higher but auto and realty indices staying in the red.

Infosys, Tata Steel, Eicher Motors, JSW Steel and ICICI Bank were among the biggest Nifty laggards, weighing heavily on sentiment. The Nifty IT and Nifty Metal indices slipped 1-0.8 percent as global tech softness and commodity weakness offset the political clarity from Bihar.

Adani Enterprises rose nearly 1.8 percent to top the Nifty gainers’ list, followed by Adani Ports, Eternal, Jio Financial and Axis Bank. Select financials and infra-linked names offered cushion as benchmarks attempted to stabilise.

the Sensex was down 304.71 points or 0.36 percent at 84,173.96, and the Nifty was down 90.25 points or 0.35 percent at 25,788.90. About 1,742 shares advanced, 1,828 shares declined, and 146 shares were unchanged.

The shares of domestic IT companies tumbled amid rising expectations of US Federal Reserve keeping its policy repo rate unchanged during its upcoming FOMC meeting scheduled in December. The sharp fall in the IT stocks pushed the Nifty IT index down more than 1 percent. The sectoral index has emerged as the top sectoral loser on the market today, extending losses for the second consecutive session.

It was closely followed by Nifty Metal and Nifty Auto sectors.

Infosys, Eicher Motors and Tata Steel were the major laggards in the Nifty50 pack, declining up to 3 percent, while Asian Paints and Jio Financial Services rose up to 1 percent.

At around 11:40 a.m., the Sensex dropped over 250 points to 84,214.62, down 264.05 points or 0.31 percent, while the Nifty declined to 25,803.45, down 75.70 points or 0.29 percent.

Midcap action was led by strong buying in Muthoot Finance, which surged 10 percent, followed by Jubilant Food, Bharat Dynamics, Ipca Labs and Star Health, all posting healthy gains. Among midcap laggards, Premier Energies, NALCO, Astral, New India Assurance and GE Vernova TD were down 2-4 percent as broader market sentiment remained uneven.

In the smallcap universe, Expleo Solutions jumped nearly 16 percent, with Man Industries, Universal Cables, GE Power India and KRBL also rising 11-13 percent. On the flip side, selling pressure hit select pockets of the smallcap space -- Allcargo Terminals dropped nearly 14 percent, while Fischer Medical, Mallcom India, Sasta Sundar and RPP Infra fell 5-10 percent.

The PSU Bank index climbed 0.8 percent, outperforming the broader market. Pharma and consumer durables also posted modest gains. On the downside, IT slipped 1 percent and Realty fell 0.5 percent, underscoring the market’s uneven tone as volatility around the Bihar vote count persisted.

Infosys remained the biggest Nifty laggard, down over 2.4 percent, followed by JSW Steel, HDFC Life, Eicher Motors and Tata Steel. Weakness in the IT and metal indices kept upside capped, despite selective buying in banks and financials.

Jio Financial extended gains to rise over 1.5 percent, emerging as the top Nifty performer. Trent, Adani Enterprises, Axis Bank and Adani Ports also advanced more than 1 percent, helping stabilise the index after a volatile morning session.

Selling persisted across key benchmarks, with the Nifty 50 down 0.35 percent at 25,788 and the Bank Nifty lower by 0.21 percent at 58,261. Midcaps and smallcaps were mixed — the Nifty Midcap 100 slipped 0.15 percent, while the Nifty Smallcap 100 gained 0.28 percent. The Nifty Next 50 was marginally lower. The weakness across frontline indices reflected cautious positioning as traders tracked Bihar election trends and prepared for potential volatility through the day.

The broader indices were uneven in mid-morning trade, reflecting the choppy tone in the headline benchmarks. The Nifty Midcap 150 slipped 0.2 percent, while the Nifty Smallcap 250 was marginally higher. CPSE stocks gained 0.3 percent, whereas the Nifty Midsmall 400 edged down 0.1 percent. The Nifty AlphaLowVol 30 declined nearly 0.5 percent. The mixed performance underscored the market’s cautious mood as traders tracked Bihar election trends and prepared for possible volatility.

Selling pressure intensified mid-morning, dragging benchmarks back toward the day’s lows. The Sensex fell 307 points to 84,172, while the Nifty slipped below the 25,800 mark to 25,790, down 89 points. Investors were seen booking profits, as Bihar election results aligned with exit polls, showing NDA in comfortable lead.

Pine Labs made a steady market debut on Thursday, listing at Rs 242 per share against its IPO price of Rs 221 on the NSE. The stock opened nearly 9 percent higher, reflecting healthy investor interest in the payments and merchant-tech platform.

The Adani Group unveiled major investment plans totalling Rs 63,000 crore across Assam’s energy sector. Adani Power will invest Rs 48,000 crore to set up a 3,200 MW thermal power plant, while Adani Green Energy plans to invest Rs 15,000 crore in two pumped-storage projects with a combined capacity of 2,700 MW. These projects mark one of the largest private-sector energy commitments in the state.

Indices turned lower once more, giving up the morning rebound. At 9:54 am, the Sensex was down 249 points at 84,230 and the Nifty slipped 75 points to 25,804. Market breadth remained slightly positive.