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