Stock Market LIVE Updates: Nifty above 25,800 at pre-open; ESAF Small Finance Bank, RVNL, BSE in focus

The Sensex was up 270.61 points or 0.32 percent at 84,141.93, and the Nifty was up 111.55 points or 0.43 percent at 25,806.50.

#2 Revenue rises 5.5 percent to Rs 5,123 crore Vs Rs 4,855 crore, YoY

#2 Net interest income falls 32.5 percent to Rs 364.1 crore Vs Rs 539.2 crore, YoY

#3 Gross NPA jumps to 8.54 percent Vs 7.48 percent, QoQ

#4 Net NPA rises to 3.83 percent Vs 3.77 percent, QoQ

In the previous trading session, the share closed up 5.48 percent or Rs 4.07 at Rs 78.29.

The share touched a 52-week high of Rs 135.95 and a 52-week low of Rs 68.58 on 28 November, 2024 and 29 August, 2025, respectively.

Currently, the stock is trading 42.41 percent below its 52-week high and 14.16 percent above its 52-week low.

Market capitalisation stands at Rs 11,294.69 crore.

The stock could see volatility in prices as retail and institutional participant will recalibrate portfolios post demerger. Although investors should be cautious as share price face a technical risk amid index adjustments and portfolio adjustments.

The CV business is going to benefit given its market leadership and steady cash generations. Also acquisition of Italy’s Iveco deal would transform Tata’s global presence.

The company is opening its Rs 3,600-crore initial public offering (IPO) for all investors on November 12 and closing on November 14 with price band of Rs 378-397 per share. It is entirely an offer-for-sale by promoter Tenneco Mauritius Holdings, hence the company will not receive any funds from the offer. Read More

The IPO of the makers of solar photovoltaic modules and solar cells Emmvee Photovoltaic Power Ltd received bids for 67.10-lakh shares against 7.74-crore shares on offer, according to NSE data.

Retail individual investors (RIIs) part got subscribed 32 percent, while the quota for non-institutional investors received 6 percent subscription. Earlier, the company raised Rs Rs 1,305 crore from anchor investors.

Spot gold added 0.2% to $4,133.99 per ounce, after hitting its highest since October 23 on Tuesday. U.S. gold futures for December delivery rose 0.6% to $4,140.10 per ounce.

The maiden public issue of the company received bids for 1.31 crore shares, as against an offer size of 18.62 crore shares, according to data on NSE. Retail investors have booked 33 percent of their reserved portion, while Non Institutional Investors (NII) subscribed 2 percent of the portion kept for them.

Qualified Institutional Buyers (QIB) are yet to make any substantial bid for the IPO.

BSE's revenue rose 44% to Rs 1,068 crore in Q2FY26 as against Rs 741 crore in Q2FY25. Read More

DIIs bought shares worth Rs 14,833 crore and sold shares worth Rs 12,645 crore. In contrast, FIIs purchased shares valued at Rs 14,487 crore, while offloading shares worth Rs 15,291 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 2.47 lakh crore, while DIIs have net bought shares worth Rs 6.52 lakh crore

The IPO of the fintech company has received bids for nearly 24.09 crore shares, as against an offer size of around 9.79 crore shares, according to data on NSE. Retail investors have fully subscribed their reserved portion (122 percent), while Non Institutional Investors (NII) booked 30 percent of the portion kept for them.

Qualified Institutional Buyers (QIB) have booked their reserved portion four times.

As compared to the corresponding period of last fiscal year, the net direct tax collections were up 7 percent on year. This growth is lower than the projection made in the Budget.

The Union Budget for FY26, has pegged net direct tax collections to rise 16.1 percent year-on-year.

According to the I-T data, net corporate tax collections till November 10 stood at Rs 5.37 lakh crore, up 5.7 percent on year. And net non-corporate tax collections (include personal income tax and securities transaction tax) stood at Rs 7.55 lakh crore, 8.2 percent higher on year.

In addition, the company's subsidiary, Paras Anti-Drone Technologies Pvt Ltd, has also received a separate order to the tune of Rs 3.95 crore from the defence ministry for radio frequency (RF) jammers (integrated drone detector and jammer).

The firm had fixed a price band of Rs 95-100 per share, valuing the company at over Rs 61,700 crore at the upper end.

The early weakness was primarily driven by cautious global cues and continued FII selling. However, renewed buying interest in index heavyweights helped markets recover, supported by optimism following Goldman Sachs’ recent upgrade of India’s rating outlook. Additionally, some short-covering on weekly expiry further strengthened the momentum in the latter part of the session.

Technically, the Nifty has reclaimed its short-term moving average, the 20-DEMA, around the 25,600 mark. Sustaining above this level could open the door for a move toward 25,800–26,000, while any weakness below it might trigger profit-taking. Continued resilience in banking majors along with strength in IT stocks provides comfort for a potential rebound. Traders are advised to maintain a stock-specific approach, emphasizing risk management and rotational opportunities across sectors amid the prevailing volatility.

Brent crude futures slipped 8 cents, or 0.12%, to $65.08 a barrel after gaining 1.7% on Tuesday. U.S. West Texas Intermediate crude was down 7 cents, or 0.11%, to $60.97 a barrel, after climbing 1.5% in the previous session.

The dollar fell in the aftermath of the data release and struggled to recover its losses in early Asia trade on Wednesday, as traders once again ramped up bets of a Fed cut in December.

The euro was steady at $1.1586 and sterling distanced itself further from a seven-month trough to last trade $1.3149.

Against a basket of currencies, the dollar languished near its lowest in more than a week and was last at 99.46.

A long bull candle has been formed on the daily chart with long lower shadow. Technically this market action indicates continuation of upside momentum amidst high volatility.

The underlying trend of Nifty continues to be positive. Next upside targets to be watched around 26000-26100 in the next one week. Immediate support is placed at 25500.

The S&P 500 climbed 0.21% to end at 6,846.61 points.

The Nasdaq declined 0.25% to 23,468.30 points, while the Dow Jones Industrial Average rose 1.18% to 47,927.96 points.

#2 SoftBank slides up to 10% after selling entire Nvidia stake worth USD 5.83 billion

#3 GIFT Nifty signals gap up open for Indian market

#4 US futures edge higher after mixed Wall Street close

#5 Dow hits record high led by Walmart, Home Depot and McDonald’s

#6 Nasdaq struggles as investors rotate out of tech stocks

#7 US dollar weakens against euro and yen on labor market concerns

#8 ADP report shows private employers cutting jobs in October

#9 Oil prices rise on fresh US sanctions against Russian oil

#10 Gold nears three-week high on rate cut expectations

At close, the Sensex was up 335.97 points or 0.40 percent at 83,871.32, and the Nifty was up 120.6 points or 0.47 percent at 25,694.95.

Broader indices underperformed the main indices with BSE Midcap and Smallcap indices ended on flat note.

Interglobe Aviation, Bharat Electronics, Bajaj Auto, M&M and HCL Technologies were among top gainers on the Nifty, while losers were Bajaj Finance, Bajaj Finserv, ONGC, TMPV, Power Grid.

Among sectors, PSU Bank, healthcare down 0.3 each, while telecom index up 1.5%, IT index up 1%, oil & gas index up 0.7%, auto index up 1% and metal index up 0.6%.