Sensex, Nifty Retreat with Sectoral Slide Across the Board
- Sensex, Nifty fell after profit-booking and global caution.
- Broader markets dipped, with realty, IT, and metals leading losses.
- Key movers: HUL demerger, Infosys buyback, TCS, Azad, Goel new deals.
Indian benchmark indices Sensex and Nifty pulled back on Thursday after a strong six-day winning streak, as profit-booking and global uncertainty weighed on investor sentiment. Despite attempts by the bulls, the market could not reclaim its record highs, which still remain a little over 1% away.
The 30-share BSE Sensex ended 278 points lower, or 0.33%, at 84,673. The NSE Nifty 50 slipped 103 points, or 0.40%, to close at 25,910. Both indices saw selling pressure throughout the day as traders chose to lock in gains from the recent rally. Broader markets were also weak, with the BSE Midcap index falling 0.70% and the BSE Smallcap index declining 0.85%.
Market experts described the day’s trading as volatile, especially because it coincided with the weekly derivatives expiry. After opening with a dip, the Nifty swung sharply in both directions before settling near the day’s low.
Ajit Mishra, SVP of Research at Religare Broking, said markets are currently in a consolidation phase. “We saw a volatile session on the weekly expiry day, and the Nifty slipped nearly half a percent. Sectoral performance was mostly weak, with real estate, IT, and metals leading the decline. Broader markets were also under pressure, showing weakness in several small-cap stocks”, he said.
He added that domestic macroeconomic conditions remain strong, which is keeping sentiment stable. However, global uncertainty including concerns surrounding the U.S. Federal Reserve’s upcoming rate-cut signals is preventing a sustained rally. Many investors are waiting for key U.S. economic data before taking fresh positions.
Stocks to Watch
Hindustan Unilever (HUL)
HUL has fixed December 5 as the record date for the demerger of its ice-cream division into a separate company, Kwality Walls (India). The move is expected to help the business grow independently and focus on its rapidly expanding product portfolio.
Escorts Kubota
The company launched its third-generation ride-on rice transplanters, expanding its range of mechanised paddy farming solutions. The new machines aim to improve efficiency for farmers at a time when demand for agricultural mechanisation is rising.
Infosys
Infosys will begin its Rs 18,000-crore share buyback programme on November 20. The buyback window will remain open until November 26. The company plans to repurchase shares through the open market route.
Tata Consultancy Services (TCS)
TCS has secured a five-year contract from NHS Supply Chain in the UK. The deal covers application development, support, maintenance, and management of cloud infrastructure for the organisation’s core business systems.
Azad Engineering
The company signed a Master Terms Agreement and a Purchase Agreement with Pratt & Whitney Canada. Under the deal, Azad Engineering will develop and manufacture engine components for aircraft, further strengthening India’s role in global aviation manufacturing.
Mahanagar Gas (MGL)
Gas supply to Mumbai’s CNG network has resumed after GAIL completed repairs on a damaged pipeline located inside the RCF Trombay facility. The issue had briefly disrupted supply earlier in the week.
Goel Construction Company
Goel Construction won a Rs 173.25-crore contract from the Aditya Birla Group for civil construction work at the Pali Cement Works plant in Beawar, Rajasthan.
National Securities Depository Limited (NSDL)
SEBI issued a warning letter to NSDL for delays in a few cases where directors or committee members submitted their mandatory disclosures more than 15 days after trading in securities.
GR Infraconstruction
Western Railways has assigned November 15, 2025, as the appointed date for GR Infraconstruction’s Rs 262.28-crore EPC gauge-conversion project on the 38.9-km Kosamba Umarpada section in the Vadodara division.
Choice International
The company’s subsidiary, Choice Consultancy Services, has acquired full ownership of Ayoleeza Consultants, which currently handles active orders worth over Rs 200 crore.
