Stock Market Today: Sensex at 85,422 and Nifty Up 0.32% at 26,134, Tech Mahindra Surges 1.75% to Lead Gains

Overview:

• Sensex and Nifty traded higher, reflecting cautious but positive sentiment across sectors.

• IT stocks led the gains, while banking was flat and healthcare showed weakness in stock market today.

• Strong FII inflows and key corporate actions supported market stability despite currency pressure.

Indian stock market today showed signs of recovery, with its benchmark indices posting modest gains. Share market news reflected cautious optimism by investors as they viewed different corporate developments and economic indicators throughout the day. Sensex rallied 235.88 points, up 0.28%, to settle at 85,422.35. Nifty 50 gained 82.30 points, rising 0.32 % to 26,134.95 at press time. Here’s how individual shares performed in stock market today based on Moneycontrol Live Updates. 

Banking Sector Remains Subdued

Nifty Bank index added 0.03% to 59,234.35, against a divided trend in individual banking stocks. Axis Bank shares were among the best performers, up 1.12% at Rs. 1,284.60. Kotak Mahindra Bank stock fell 0.32% in spite of unusually high volumes worth Rs. 1,083.16 crore.

IT Stocks Show Resilience

The technology sector showed reasonable strength with Nifty IT index gaining 0.15%. Tech Mahindra stock led gains, up 1.75% at Rs. 1,459. This comes on a day when Infosys shares opened its Rs. 18,000 crore share buyback window, which will remain open till November 26. The buyback, at Rs. 1,800 per share, would buy 10 crore shares, or 2.41% of the company's equity capital. HCL Tech bucked the trend and fell 0.55% to Rs 1,653.40, emerging as one of the losers of the day.

Also Read: Top Undervalued Stocks to Watch in November 2025

Top Gainers and Losers on Nifty 50

Reliance Industries shares were one of the top gainers and rose 1.39% to Rs. 1,540 with trading volumes of over Rs. 1,002.94 crore. Financial services shares fared no less as Bajaj Finserv gained 1.31%, while Jio Financial Services moved up by 1.23%.

On the other hand, healthcare stocks witnessed selling pressure. Max Healthcare declined 1.31 %, and HDFC Life was down by 1.08%. Asian Paints moved 0.99% lower to Rs. 2,865, and Sun Pharma fell 0.55%.

Corporate Action Highlights

Adani Enterprises made headlines as it received a Letter of Intent from the Resolution Professional for the acquisition of Jaiprakash Associates after the Committee of Creditors approved its resolution plan. This is another expansion move of the Adani Group.

Gland Pharma jumped 2.22% to Rs 1,811.10, marking its biggest single-day gain in 17 weeks. The stock of the pharmaceutical firm has been trading 14.97% below its 52-week high.

SpiceJet issued 0.55% equity to GASL Aviation Holdings after converting outstanding dues worth $4 million. The airline stock gained 1.28% to Rs. 37.30.

JK Tyre said its subsidiary JK Tornel would sell 40 lakh shares of Cavendish Industries to SMMS Trust for Rs. 130.64 crore, but the stock declined 0.45% following the announcement.

Currency and Commodities

Indian rupee extended its losses against the dollar, weakening to 88.72 from its previous close of 88.58. This depreciation continues to pose challenges for import-dependent sectors.

Gold prices steadied near $4,070 per ounce after a two-day rally, as investors pulled back from expectations of a US Federal Reserve interest rate cut next month. The precious metal had risen almost 1% in the prior two sessions but now faces headwinds from uncertain monetary policy signals.

Breadth and Activity in the Market

On November 19, the foreign investors turned optimistic as Foreign Institutional Investors infused Rs 1,580.72 crore in the domestic market, while Domestic Institutional Investors purchased Rs 1,360.27 crore worth of stocks. The advance-decline ratio stood at 1,543 advancing stocks against 1,192 declining ones.

BSE Limited was the most active stock in the F&O segment, followed by Sammaan Capital, with traded values of Rs. 1,304.88 crore and Rs. 1,209.26 crore, respectively.

Also Read: US Stock Market Today: NASDAQ Climbs 1.5% & Dow Jones Rises 0.2% Ahead of NVIDIA Earnings, Investors Eye AI Sector Performance

Market Outlook

It would be essential for investors to watch the coming economic data and corporate earnings announcements closely. Steady FII inflows do point to an improving sentiment, though currency volatility and global cues have remained key factors. The year-end may offer selective stock picking opportunities in banking, technology, and pharmaceutical sectors.

FAQs

1. What does it indicate when Sensex and Nifty have modest gains?

Modest gains in Sensex and Nifty suggest that the general market sentiment remains positive, though the market isn't overly bullish. The markets are buying selectively (based on economic data, global signals and sectors), and ongoing modest gains seem to indicate that there is a degree of confidence within the market that is also cautious. 

2. Why were banking stocks subdued today?

Banking stocks were flat because participants in the market were watching for clearer signals surrounding credit growth, interest rates and liquidity. Also, mixed performance across the major banks, with some stocks showing strength while others fell amid heavy trading ahead of the quarterly results and continued sector pressures.

3. What was the performance of IT stocks during the trading session today?

IT stocks showed some resilience today amid underlying global technology demand and other corporate signals, such as an Infosys buyback plan. IT stocks are often viewed as defensive, especially when markets are uncertain, so they can find support when other sectors are struggling.

4. Why does a weakening rupee matter for the stock indices across the world?

The impact of a weakening rupee depends on the sector: sectors dependent on imports will face higher costs, while exporting industries will gain and receive improved rupee revenues. Movements in currency also impact foreign investor sentiment, and changes in currency movements can affect day-to-day market activity and capital flows.

5. What should investors watch for in the coming days?

Investors should monitor significant economic data releases, global interest rate changes, and key earnings releases from large corporations. Tracking it can trigger sector rotation, foreign funds in or out of the market, or changes in overall market direction. Staying informed about this information and news will guide investors toward opportunities while managing risk in this matrix of uncertainty.