Markets Log Second Week of Gains Despite Volatility; Rupee Slides to All-Time Low

Indian Markets Rise for Second Straight Week Despite Volatile Sentiment; Rupee Hits Record Low

Indian equity markets ended the week on a positive note for the second consecutive week, even as global uncertainties kept volatility elevated. Concerns over the delayed US–India trade deal, stronger US non-farm payroll data reducing hopes of an early Fed rate cut, a weakening rupee, and softer manufacturing PMI weighed on market sentiment.

For the week ending November 21, the BSE Sensex gained 669.14 points (0.79%) to close at 85,231.92, while the Nifty50 advanced 158.1 points (0.61%) to settle at 26,068.15.

Large-Cap Movers

The BSE Large-cap Index posted marginal gains.

• Top gainers: Hero MotoCorp, Max Healthcare Institute, Eicher Motors, Bharti Airtel, Siemens
• Major losers: Vodafone Idea, JSW Energy, Tata Motors Passenger Vehicles, Bajaj Holdings, Hindustan Zinc, Vedanta, DLF

Mid-Cap Performance

The BSE Mid-cap Index declined 1%, pressured by losses in:
Kaynes Technology India, Supreme Industries, Bharat Dynamics, Star Health & Allied Insurance, Tube Investments of India, Kansai Nerolac Paints.

Gainers included M&M Financial Services, GMR Airports, 360 One Wam, PB Fintech, LT Technology Services, Hexaware Technologies.

Small-Cap Index Under Pressure

The BSE Small-cap Index slipped 2%.

• Stocks falling 15–30%: Fischer Medical Ventures, Spectrum Electrical Industries, RIR Power Electronics, Jai Balaji Industries, Websol Energy System, Deccan Cements
• Gainers: Astec Lifesciences, Sri Adhikari Brothers Television, VLS Finance, 5paisa Capital, VL E-Governance and IT Solutions, Narayana Hrudayalaya

Sectoral Highlights

• Gainers:
  • Nifty IT (+1.6%)
  • Nifty Auto (+1%)
  • Nifty Bank (+0.6%)
• Losers:
  • Nifty Realty (-3.7%)
  • Nifty Metal (-3.3%)
  • Nifty Media (-2.4%)

Despite global headwinds and domestic economic concerns, Indian markets maintained upward momentum, though broader indices showed signs of profit-taking and sectoral rotation.