Indian equities extended their bearish tone on Tuesday, November 25, with the monthly expiry adding to the pressure as a sliding Indian rupee and persistent FPI outflows further dampened sentiment.
The market stayed range-bound in the first half of the session, but heavy selling in the second half—especially in the last hour, just like on Monday—pulled both major indices below key levels.
After a 0.45% drop earlier, the Nifty 50 slipped another 0.29% to 25,865, marking its third straight day of losses. The S&P BSE Sensex also fell 0.38% to 84,575, extending its losing streak to three days.
Even though the main indices remained weak, the broader market recovered. The Nifty Midcap 100 rose 0.35%, and the Nifty Smallcap 100 also bounced back with a 0.21% gain.
Sectorally, the Nifty Media index emerged as the top laggard, losing 0.80%, followed by Nifty IT, Nifty Consumer Durables, and Nifty Oil & Gas, which fell between 0.57% and 0.34%.
On the winning side, Nifty Realty gained 1.62%, with a similar rally recorded by the Nifty PSU Bank index. Other indices, such as Nifty Metal and Nifty Pharma, also closed with gains of up to 0.55%.
(more to come)