Closing Bell: Broad Selloff Continues, IT Emerges as Sole Gainer

The Indian stock market today ended in the red following a period of volatile trading on November 24, 2025 with benchmark indices recording significant declines. The BSE Sensex tumbles 331.21 points, or 0.39 per cent, to close at 84,900.71, while the Nifty was down 108.65 points, or 0.42 percent, finishing Nifty below 26,000 at 25,959.50.

The overall market breadth was decidedly weak, reflecting a broad-based sell-off, as approximately 2,786 shares declined compared to just 1,120 shares that advanced. Key weak spots were the realty and metals sectors, driving much of the downside.

Source: Economic Times

Sectoral drag: Realty & metal sector crash

The primary reason for the weakness was a sharp sectoral drag led by rate-sensitive and commodity-linked stocks. The Realty sector crash and the metal sector drag proved to be the weakest pockets of the market.

• Sectoral performance: Except for the IT sector rally, all other major indices including media, metal, realty, pharma, oil & gas, FMCG, registered declines in the range of 0.4 to 1 per cent.

• Mid and small cap pressure: The cautious sentiment extended to the broader market, with the BSE midcap index falling 0.27 percent, and the smallcap index recording a sharper decline of 0.8 per cent.

• Top losers: Heavy selling was seen in major stocks including JSW Steel (reflecting the Metal Sector Drag), Bharat Electronics, Max Healthcare, Grasim Industries, and Dr Reddy’s Labs.

Source: Economic Times

 Top market movers of the day

• Teamlease Services: Shares surged by 11 percent on expectations that the company will significantly gain from the upcoming labour reforms implemented across India.

• Karnataka Bank: The stock advanced 7 percent following news of a substantial institutional purchase. Investor Aditya Kumar Halwasia acquired a stake valued at ₹71 crore.

• Indian IT Giants: Technology stocks including Infosys, Tech Mahindra, HCLTech, and TCS all recorded gains of up to 3 percent, driven by positive sectoral momentum.

• Hindustan Aeronautics Ltd (HAL): The stock dropped sharply, losing 9 percent after reports confirmed a Tejas fighter jet manufactured by the Indian PSU company crashed during the Dubai air show, raising concerns over future prospects.

• NBCC (India) Ltd.: Shares climbed 5 percent as the company announced it had successfully secured new projects and work orders valued in excess of ₹110 crore.

Source: Economic Times

Top Gainers (By Percentage Change)

As of 03:36 PM IST, Nov 24, 2025 (Screener and Economic Times)

Conclusion

The Indian equity market closed volatile on November 24, 2025, marked by sharp sectoral divergence.The overall Sensex tumbles 331.21 points and Nifty finished Below 26,000, driven by a severe sectoral drag in realty and metal stocks.

In direct contrast, the IT sector rally showed significant resilience. Key IT stocks gain included Infosys and Tech Mahindra, which rose up to 3 percent, acting as a crucial defensive counterbalance to the prevailing weakness in cyclicals.

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