Stock Market Today: Positive Start for Indian Markets; Bank Nifty Hits New All-Time High

The Indian stock market started the week on a strong note. Although Sensex and Nifty slipped slightly after the opening, Bank Nifty surged sharply and touched a new record high, supported by heavy buying in banking stocks.

🔹 Market Opening Highlights

• Sensex opened 138 points higher at 84,700

• Nifty opened 38 points higher at 25,948

• Bank Nifty jumped 179–240 points, opening at 58,696 and hitting a new high

Most sectoral indices were trading in the green.

🔹 Sector Performance

• PSU Banks: Strong rally, best-performing sector

• Media, Realty, FMCG, Consumer Durables, Private Banks: Good buying interest

• Nearly all sectors were positive

🔹 Global & Economic Factors Affecting the Market

🇺🇸 US tariff cuts

The U.S. has cut tariffs on 200+ food items like tea, coffee, and spices.
👉 This is expected to benefit India’s FMCG and agriculture export sectors.

🤝 Free Trade Agreements (FTA)

India is discussing FTAs with:

• USA

• European Union

• New Zealand

• Other countries

This could open more markets for Indian exporters.

📊 Moody’s on India

Moody’s remains positive:

• India’s GDP growth expected to be 7% this year

• Around 6.5% by 2027

🌍 Global Markets Mixed

• GIFT Nifty trading above 26,000

• US Markets: Dow fell, but Nasdaq saw a strong rebound

🔹 FII–DII Activity

• FIIs sold ~₹5,000 crore (5th day of selling)

• DIIs bought ~₹8,500 crore (55th consecutive day of buying)
  👉 DII buying is supporting the market.

🔹 Company Updates

• Tata Motors PV: First results after demerger — company slips from profit to loss

• Oil India, Exide: Results below expectations

• Max Healthcare, Glenmark, Siemens, Inox Wind: Mixed performance

• Kotak Mahindra Bank:

  • Board meeting on 21 Nov to decide on stock split

  • First split in 15 years if approved

🔹 IPO Updates

Fujiyama Power Systems IPO

• Closes today (17 Nov)

• 40% subscribed

• Price band: ₹216–₹228

Capillary Technologies IPO

• 28% subscribed on Day 1

• Price band: ₹549–₹577