Stock Market Today: Nifty Trades at 25,539, Sensex Down 37 Points as Metals and Banks Drag

Overview

• Hindalco shares fell 6.37% on the news of a $650 million cash flow hit at Novelis’ New York plant.

• Partial support came from Asian Paints, Reliance, and aviation stocks such as IndiGo.

• Smallcap index fell 1.24%, while the FIIs continued net selling worth Rs. 1,067 crore.

Indian stock market today traded in red on Thursday, November 6, 2025, with both benchmark indices facing slight dips. Sensex lost 37.67 points to settle at 83,421.48 while Nifty 50 declined 58.05 points, down 0.23% to 25,539.60. The broader market incurred deep cuts, as BSE Smallcap index was down 1.24%. Here’s what happened in stock market today based on Moneycontrol Live Updates.

Sectoral Performance and Market Breadth

The IT pack bucked this trend. Nifty IT index rose 0.18% to 35,338.95. Tata Consultancy Services said it would expand an 18-year partnership with ABB by modernizing ABB's global hosting operations. TCS share price rose 0.39% to Rs. 3,001.50, with volumes 90.99% lower than the five-day average.

Market breadth remained weak, as 2,081 stocks declined against 657 that rose on the NSE. This negative breadth indicated that selling pressure was broad-based across the market, with heavy losses in small-cap and mid-cap stocks.

Banking and Metal Stocks Drag Markets Down

Nifty Bank index was one of the significant losers, down 0.46% to 57,558.75, indicating weakness in banking stocks. ICICI Bank dipped 1.08% to Rs. 1,322.50, becoming one of the most active stocks in terms of value, with a total turnover of Rs. 1,243.69 crore. HDFC Bank was another stock that saw some selling pressure after Life Insurance Corporation pared exposure in the private sector lender.

In stock market today, the biggest loser was Hindalco Industries, which fell 6.37% to Rs. 778.45. The decline of the aluminum maker was steep after reports indicated a possible impact of $650 million on cash flow due to a fire at Novelis' New York plant. Hot mill operations at Oswego are likely to restart by the end of December, but capital expenditure and cash flow concerns hit investor sentiment hard.

The positive news for State Bank of India came in as the brokerage firm HSBC retained the 'buy' rating with a revised target price of Rs. 1,100. Citing key positives, the brokerage pointed to healthy loan growth, a stronger revenue trajectory, and stable asset quality. SBI shares traded at Rs. 957.05, down marginally by 0.06%.

In a major block deal, Mahindra & Mahindra sold its entire 3.45% stake in RBL Bank for Rs. 678 crore. The deal involved 2.11 crore shares at Rs. 321 per share. Emirates NBD also said its open offer for RBL Bank would start on December 12, offering an additional 26% stake to public shareholders.

Also Read: SBI Outshines HDFC and Kotak in Q2 FY26 Results: Profit, NIMs & Provisions Compared

Top Gainers on Nifty 50

Asian Paints led Nifty 50 gainers, up 4.69% to Rs. 2,603.40. The rally in the paint manufacturer could be attributed to several reasons, such as the resignation of the CEO of its subsidiary, Birla Opus, and an increase in its weightage on the MSCI Standard index.

Aviation stocks were strong too, as InterGlobe Aviation, the parent of IndiGo, jumped 1.84 % to 5,741 rupees. SpiceJet said it would fast-track its winter expansion with the induction of five new aircraft, boosting sentiment in aviation stocks.

Mahindra & Mahindra gained 1.56% to Rs. 3,637.10, contributing to a 0.7% rise in the BSE Auto index. Reliance Industries climbed 1.45% to Rs. 1,494.40, with Rs. 858.83 crore worth of shares changing hands in the futures and options segment.

Corporate Earnings

Quarterly results from a few major companies also influenced Stock Market Today. Sun Pharmaceutical Industries said net profit rose 3% to Rs. 3,118 crore for Q2 led by a strong performance in India and emerging markets. Revenue rose to Rs. 14,405 crore from Rs. 13,264 crore year-on-year.

The parent company of Paytm, One 97 Communications, reported a steep drop in profits to Rs. 21 crore against Rs. 928 crore of profits last year, although revenue grew 24% to Rs. 2,061 crore. Ola Electric reported a net loss of Rs. 418 crore, while Delhivery posted losses of Rs. 50.4 crore despite growth in revenues by 17%.

Currency and Foreign Investment Flows

Indian rupee opened stronger at 88.52 per dollar against the previous close of 88.65, providing some respite to import-dependent sectors. However, FIIs continued their selling spree as they pulled out Rs. 1,067.01 crore on November 4. DIIs partially compensated by pumping in Rs. 1,202.90 crore during this period.

Also Read: US Stock Market Today: S&P 500 Rises 0.6% & NASDAQ Soars 0.9% After Tech Sell-Off as December Rate Cut Speculation Grows

Investor Outlook

Key market drivers in the coming sessions would be FII flows and corporate earnings. Banking stocks may also see some pressure on account of a cautious stance on valuations; however, strong support from domestic institutional players, coupled with positive news flow in certain major sectors, may act as a saving factor for the broader market indices.

FAQs

1. What led to the decline in Sensex and Nifty today?

The drop in Sensex and Nifty can be attributed to a decline in banking and metal stocks across the board. The 6% drop in Hindalco and a decline in heavyweight banking stocks such as ICICI Bank and HDFC Bank weighed heavily on sentiment in the market.

2. Why did Hindalco shares fall so sharply?

Hindalco shares fell more than 6% today after reports indicated that its U.S. subsidiary Novelis’ New York facility had a fire that will create a potential $650 million cash flow impact, with implication for earnings in the near term.

3. Which sectors held up better even though the market was down?

While the market was weak, the IT and Auto sectors were resilient. However, stocks such as Asian Paints, TCS and Mahindra & Mahindra, had advance after operational updates and positive sentiments in those sectors.

4. What were the foreign investors doing today?

Foreign Institutional Investors (FIIs) were net sellers, selling more than Rs. 1,067 crore of stocks. The continuous selling by FIIs suggests that they do not have the confidence in the wider outlook for stocks given the global macroeconomic uncertainty and outlook on corporate earnings.

5. What should investors watch for the next session?

Investors should watch global cues, foreign investors’ flows and earnings domestically. In addition, the investor talk focuses to continue to be on sectors that showed their resilience such as IT and Autos. Caution should be taken in metal and banking counters.