Taking Stock: Market extends losses for 6th day; Sensex, Nifty down 2.5% each this week

Market Today

The Indian benchmark indices extended their ongoing correction phase for a sixth straight session on November 14, with the Nifty ending below 23,550 amid selling seen in the FMCG, PSU Bank, oil & gas names.

At close, the Sensex was down 110.64 points or 0.14 percent at 77,580.31, and the Nifty was down 26.35 points or 0.11 percent at 23,532.70.

For the week, BSE Sensex and Nifty fell 2.5 percent each.

After a flat start, market traded positive for the first couple of hours but selling at higher levels again erased the intraday gains to drag the Nifty below 23,500. However, buying in realty, auto and media names helped the index to close above 23500 amid volatility.

The Market will remain shut on Friday, November 15, on account of Guru Nanak Jayanti.

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Among sectors, FMCG, power, PSU Bank and oil & gas shed 0.3-1 percent, while auto, media, realty rose between 0.6-2 percent.

HUL, BPCL, Tata Consumer, Nestle, Britannia were among the major losers on the Nifty, while gainers were Eicher Motors, Hero MotoCorp, Reliance Industries, HDFC Life and Kotak Mahindra Bank.

Index	Prices	Change	Change%
Sensex	85,461.44	354.63	+0.42%
Nifty 50	26,093.45	107.45	+0.41%
Nifty Bank	59,532.60	184.35	+0.31%

Nifty 50 26,093.45 107.45 (0.41%)

Thu, Dec 04, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
TCS	3,240.00	60.00	+1.89%

Biggest Loser	Prices	Change	Change%
Eternal	295.00	-2.75	-0.92%

Best Sector	Prices	Change	Change%
Nifty IT	38328.20	502.90	+1.33%

Worst Sector	Prices	Change	Change%
Nifty Pharma	22886.20	-21.60	-0.09%

BSE Midcap index was up 0.4 percent and Smallcap index added nearly 1 percent.

Nearly 140 stocks touched their 52-week high on the BSE, including, HCL Technologies, Banco Products, Kiri Industries, Garware HiTech, JSW Holdings, Sasken Technologies, Pix Transmissions, AMI Organics, Timex Group, Vikas WSP, among others. Click To View More

On the other hand, nearly 150 stocks hit their 52-week low on the BSE, including Nestle India, IndusInd Bank, Sheela Foam, Chennai Petro, Westlife Food, TCI Express, Happiest Minds, Mahindra Life, Tanla Platforms, CreditAccess Grameen, Tata Elxsi, Sun Pharma Advanced, Relaxo Footwear, Birla Corp, Vodafone Idea, Equitas Bank, Restaurant Brands, Trident, Prince Pipes, among others. Click To View More

Outlook for November 18

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

Nifty opened on a flat note and continued to trade in a narrow range during the day to close in the red down ~26 points. On the daily charts we can observe that the index is trading around the 200-day moving average (23556). The index is trading at a crucial support level. There can be a pullback as the hourly momentum indicator has triggered a positive crossover, however, the trend remains weak and pullback towards 23700 – 23750 should be used as a selling opportunity as the overall trend remains negative. On the downside we are expecting 23180 which coincides with the 61.82% fibonacci retracement level.

Bank Nifty also consolidated in a range after the sharp decline in the previous session. The consolidation is a brief pause in the overall downtrend. We expect the Bank Nifty to head south towards 49700 (200 DMA. On the upside, 50560 – 50700 shall act as an immediate hurdle zone from short term perspective.

Ajit Mishra – SVP, Research, Religare Broking

The Nifty index had a subdued session on the weekly expiry day following the recent sell-off. The benchmark index saw sharp fluctuations in the early hours, but a lack of clear direction among heavyweights kept the movement contained throughout the day. Sectorally, there was a mixed performance—realty and auto sectors edged higher, while FMCG and pharma ended in the red. Meanwhile, broader indices showed slight relief, posting gains in the range of 0.4% to 0.8%.

The Nifty's pause was largely anticipated after retesting its major support level at the 200-day exponential moving average (DEMA). We advise monitoring leveraged positions closely at this point. With major earnings now behind us, it’s crucial to focus on the performance of the IT and banking sectors for further cues.

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