Sensex Near Day’s Low as Nifty Slips Below 25,800 Mark

Market Update at 2:20 PM: Indian equity markets remained weak on Friday as global pressure and profit-booking kept the indices in negative territory. At 2:10 IST, the Nifty 50 was at 25,769.70, down 109.45 points or 0.42 per cent, slipping below the 25,800 level. The BSE Sensex traded near the day’s low at 84,089.53, lower by 389.14 points or 0.46 per cent.

Among the leading gainers, Axis Bank traded at ₹1,239.25, rising 1.17 per cent, followed by Eternal at ₹300.70, up 1.01 per cent. Trent also moved higher to ₹4,363.20, gaining 0.95 per cent.

On the losing side, TMPV declined to ₹390.60, down 1.87 per cent, while TMCV fell 2.58 per cent to ₹312.00. Technology heavyweight Infosys dropped 3.36 per cent to ₹1,490.50, adding to the pressure on the broader market.

Sectoral performance was mixed. The BSE Telecommunication Index gained 0.36 per cent, while the Consumer Durables Index was up 0.09 per cent. The FMCG Index inched higher by 0.08 per cent.

Market Update at 12:30 PM: Indian equity markets remained volatile on Friday as investors reacted to weak cues from Asian markets and tracked the early trends of the Bihar Assembly Election 2025. Initial counting showed the National Democratic Alliance (NDA) taking the lead over the Opposition’s Mahagathbandhan, influencing market sentiment through the first half of the session.

By 12 PM, the BSE Sensex was at Rs 84,208.22, down 276.26 points or 0.33 per cent, while the Nifty50 stood at Rs 25,791.05, slipping 88.35 points or 0.35 per cent. Both indices touched Intraday lows in early trading, with the Sensex hitting Rs 84,042.7 and the Nifty reaching Rs 25,751.7.

In the list of top performers on the Sensex were Sun Pharma, Axis Bank, Adani Ports, Eternal, Asian Paints, Power Grid, SBI and BEL. On the downside, Infosys, Tata Steel, TMPV, ICICI Bank, Maruti Suzuki and Tech Mahindra dragged the indices lower through the mid-session.

Broader market performance was mixed, with the Nifty MidCap index marginally higher by 0.06 per cent, while the Nifty SmallCap index gained 0.5 per cent, showing selective buying interest outside the benchmark indices.

Sector-wise, the Nifty IT index was down 1 per cent, extending pressure from global technology weakness. The Nifty Metal and Auto indices also declined by around 0.7 per cent each. In contrast, the Nifty PSU Bank index gained 0.75 per cent, supported by strong interest in public sector lenders.

Market Update at 9:30 AM: Indian equity markets opened lower on Friday as weak cues from Asian markets and Wall Street weighed on sentiment. The decline in global indices came after technology shares faced renewed pressure and uncertainty increased over potential US Federal Reserve rate cuts. Investors in India also remained cautious ahead of the Bihar Assembly Elections results 2025 and the wholesale inflation data for October.

In early trade, the BSE Sensex was at 84,204, down 275 points or 0.32 per cent, while the Nifty50 slipped 89 points or 0.34 per cent to 25,791. Broader market performance was mixed, with the Nifty MidCap index up 0.03 per cent and the Nifty SmallCap index trading flat.

Asian markets were down by up to 2 per cent, mirroring overnight losses in US markets where major indices fell between 1.7 per cent and 2.3 per cent. The risk-off sentiment extended into domestic markets as investors monitored global developments alongside key domestic events.

Pre-Market Update at 7:40 AM: Global cues point to a weak start for Indian equities on Friday, November 14, as Nifty 50 and Sensex track the global sell-off led by losses in technology and AI stocks. Market sentiment may remain volatile ahead of the Bihar Assembly results, with counting for all 243 seats beginning today after voting took place in two phases on November 6 and 11. GIFT Nifty indicated a soft opening, trading 79 points lower at 25,844 around 7:16 AM.

Asian markets opened lower following Wall Street’s sharp decline, where all three major US stock indexes recorded their steepest daily per cent fall in over a month. US markets slumped overnight as traders reduced expectations of near-term rate cuts, citing higher inflation concerns and mixed commentary from Federal Reserve officials. Market odds for a December rate cut dropped to nearly 50 per cent. The end of the 43-day US government shutdown added little support, with the absence of economic data creating uncertainty. The S&P 500 fell 1.66 per cent to 6,737.49, the Nasdaq dropped 2.29 per cent to 22,870.36, and the Dow Jones closed 1.65 per cent lower at 47,457.22.

In the Indian market, benchmark indices ended slightly higher on Thursday, November 13, extending gains for the fourth straight session. The Nifty 50 closed at 25,879.15, up 3.35 points, while the Sensex added 12.16 points to settle at 84,478.67. Sectoral performance was mixed, with five of the eleven major indices advancing. Realty, Metal, Financial Services, Banking and Pharma sectors posted gains, while the Nifty IT Index declined 0.48 per cent, pausing its three-day uptrend. Broader markets underperformed as the Nifty Midcap 100 and Nifty Smallcap 100 ended lower.

Institutional flows remained divergent. On Thursday, Foreign Institutional Investors were net sellers, offloading equities worth Rs 383.68 crore, while Domestic Institutional Investors continued buying, recording Rs 3,091.87 crore of net inflows—marking their fifteenth consecutive session of purchases.

Key earnings scheduled for November 14 include Tata Motors Passenger Vehicles, Siemens, Max Healthcare Institute, Marico, Oil India, MRF, Glenmark Pharma, Narayana Hrudayalaya, Exide Industries, Inox Wind, KIOCL and Sun TV Network, which will announce their Q2 FY26 results.

In the US, jobless claims slightly decreased, with new filings at a seasonally adjusted 227,543 for the week ending November 8, compared with 228,899 the previous week. Federal Reserve official Mary Daly stated it is still early to determine whether rates should be cut in December, noting the policy stance remains neutral.

Gold prices moved higher as the dollar weakened. Spot gold rose 0.3 per cent to USD 4,183 per ounce after a 0.6 per cent decline in the previous session. The dollar index hovered near a two-week low at 99.27, marking a 0.3 per cent weekly drop.

For today, SAIL will remain on the F&O ban list.

Disclaimer: The article is for informational purposes only and not investment advice.