Stock Market Today: Nifty, Sensex Snap Six-Day Gaining Streak As HDFC Bank, ICICI Bank Shares Weigh

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• Rupee closed 3 paise stronger at 88.61 against US Dollar

• It closed at 88.64 a dollar on Monday 

Source: Bloomberg

Commer Minister Piyush Goyal will meet industry representatives to discuss process make the process to invest in India smoother and faster to attractive more foreign funds. He said while speaking at an event for the Federation of Indian Chambers of Commerce & Industry's 98th annual general meeting.

The meeting has started at 3 p.m. at Vanijya Bhawan. Goyal will meet e-commerce firms, start-ups, venture capitalists and industry representatives. The meeting is related to changes in Foreign Direct Investment policy with an aim to boost exports.

Praveg received order from the Tourism Corp of Gujarat to develop resort in the Kutch, the company said in an exchange filing.

Greaves Cotton partnered with Europe-based Ligier Group to supply 499 cc REVO D+ Engines.

Newly listed Billionbrains Garage Ventures Ltd., the parent firm of online trading platform Groww, is set to release its first quarterly results for the period ending September this week. Investors and analysts will closely focus on key financial metrics of the company in Q2FY26 as it will be the company’s first quarterly earnings announcement after IPO listing.

Billionbrains Garage Ventures, which launched its initial public offering earlier this month, witnessed a strong market debut on Nov. 12, with its shares listing at a premium on the NSE and BSE.

New World Fund sold 2.09% stake in PB Fintech Ltd. The total shareholding of New World Fund in the company stands at 2.96% post stake sale, the company said in the exchange filing.

Andhra Pradesh's Department of Telecommunication gave Rs 7 lakh order for alleged violation of subscriber verification norms, the company said in the exchange filing.

Solar Industries Ltd.'s arm received Rs 1,400 crore export order to supply defence products over a period of four years, the company said in the exchange filing.

India’s market strategists are sounding a little more upbeat this quarter, as growth is picking up again after four straight quarters of slipping.

Jefferies’ Mahesh Nandurkar says the early festive season acted like a booster shot, pushing revenue growth to a 10-quarter high. But there’s a catch: the market now wants to know whether this GST-driven consumption bounce can actually last. For now, Jefferies pegs MSCI India FY26 earnings growth at 10%, but sustainability is the real hero (or villain) to watch.

Trishakti Industries received Rs 2 crore order from Reliance Industries for deployment of advanced machineries, manpower at a project site. The company will undertake fresh capital expenditure of Rs 7.5 crore to buy advanced machineries for Reliance Industries.

Its cumulative capital expenditure for financial year 2026 now stands at Rs 111.2 crore, the company said in the exchange filing.

Union Finance Minister Nirmala Sitharaman chaired the fourth round of pre-Budget consultations with stakeholders as part of preparations for the Union Budget 2026–27. The meeting, held in New Delhi, was attended by Union Minister of State for Finance Pankaj Chaudhary, Department of Economic Affairs Secretary Anuradha Thakur, and Chief Economic Adviser Dr. V. Anantha Nageswaran.

Rites Ltd. signed memorandum of understanding with Andhra Pradesh Economic Development board to spur infrastructure growth. The company will provide consultancy services for investment in infrastructure and industrial development in Andhra Pradesh.

The company will extend expertise across key infrastructure consultancy domains, third-party inspection and audit services.

The Indian stock market could be set for brighter days ahead, but only if earnings growth lives up to expectations, according of Motilal Oswal Institutional Equities's Head of Research, Gautam Duggad, who is bullish on India's mid and small cap sector.

“We are expecting 10–20% earnings growth in FY26. If those expectations meet, we might be set for positive trends in the market,” Duggad told NDTV Profit, noting that earnings stability could be a big factor going forward.

The Economic Offences Wing is likely to issue a summons to HDFC Bank Chief Executive Officer and Managing Director Sashidhar Jagdishan for questioning in connection with allegations of fund diversion in the Lilavati Trusts case, according to people familiar with the matter.

The inquiry is linked to charges of financial irregularities within the Lilavati Trusts, and the EOW is seeking clarity on specific transactions under scrutiny. As part of the ongoing investigation, previous members of the Lilavati Hospital Trust have also likely been summoned for questioning.

GMR Airports share price jumped 4.90% to Rs 102.7 apiece. It was trading 4.60% higher at Rs 102.19 apiece as of 11:22 a.m.

GMR Airports share price jumped 4.90% to Rs 102.7 apiece. It was trading 4.60% higher at Rs 102.19 apiece as of 11:22 a.m.

Bombay Burmah share price rose 7.77% to Rs 1,986 apiece. It was trading 7.39% higher at Rs 1,979 apiece as of 11:12 a.m. compared to 0.32% decline in the NSE Nifty 50 index.

Bombay Burmah share price rose 7.77% to Rs 1,986 apiece. It was trading 7.39% higher at Rs 1,979 apiece as of 11:12 a.m. compared to 0.32% decline in the NSE Nifty 50 index.

Gold and silver futures saw a nearly 2% decline on Tuesday tracking weakness in global rates that were hurt by fading expectations for another US interest rate reduction next month.

MCX gold futures slid by as much as Rs 1,786 per 10 grams or 1.45% to Rs 1,21,141 per 10 grams, compared to their previous close of Rs 1,22,927 per 10 grams. On the other hand, silver futures slid by as much as Rs 3,637 per 1 kg or 2.34% to Rs 1,51,675, compared to their previous close of Rs 1,55,312 per 10 grams.

Dixon Technologies India Ltd. is confident of achieving exports in the range of Rs 7,000-8,000 crore in FY26, according to Saurabh Gupta, Director, Finance and Group CFO.

Emcure Pharmaceuticals Ltd.'s share price declined a day after Bain Capital, via its arm BC Investments IV Ltd., planned to sell shares worth Rs 492.7 crore in Emcure Pharma.

The firm sims to offer nearly 38 lakh shares, or 2% equity, at Rs 1,296.51 apiece, approximately 7% discount to Monday's closing price. BC Investments IV Ltd. held a 6.3% stake as of September, currently valued at Rs 1,660 crore. Kotak Securities Ltd. and Axis Capital Ltd. are the bookrunners for the deal.

PhysicsWallah Ltd. was listed at Rs 145 apiece or at a premium of 55% on National Stock Exchange Ltd. It was listed at Rs 143.1 apiece on BSE Ltd.

Zomato parent Eternal Ltd.’s shares have fallen 14–15% since the last quarterly results, even as the Sensex has risen 2% and peers such as Swiggy have declined about 12%. However, Morgan Stanley has reiterated its Overweight rating while raising its price target to Rs 427 from Rs 420, arguing that the recent correction offers an attractive entry point into what it sees as the best risk-reward play in the sector.

Groww's parent, Billionbrains Garage Ventures Ltd. share price surged nearly 40% since its listing last week. The market-cap of the newly-listed stock increased Rs 6,155 crore to Rs 11,368.61 crore as of 9:36 a.m.

The stock has been on gaining spree since it was listed on Nov 12. In Tuesday's session, it surged 11.09%.

The NSE Nifty Bank rose 0.11% to a new high of 59,026.85. The index was trading 0.03% higher at 58,996.5 as of 9:26 a.m.

The NSE Nifty Bank rose 0.11% to a new high of 59,026.85. The index was trading 0.03% higher at 58,996.5 as of 9:26 a.m.

Reliance Industries Ltd., ICICI Bank Ltd., Bajaj Finance Ltd., Larsen & Toubro Ltd., and Kotak Mahindra Bank Ltd. shares weighed on the Nifty 50 index.

Axis Bank Ltd., Max Healthcare Institute Ltd., Bharat Electronics Ltd., HDFC Bank Ltd., and Bajaj Auto Ltd. shares added to the NSE Nifty 50 index.

Reliance Industries Ltd., ICICI Bank Ltd., Bajaj Finance Ltd., Larsen & Toubro Ltd., and Kotak Mahindra Bank Ltd. shares weighed on the Nifty 50 index.

Axis Bank Ltd., Max Healthcare Institute Ltd., Bharat Electronics Ltd., HDFC Bank Ltd., and Bajaj Auto Ltd. shares added to the NSE Nifty 50 index.

• The yield on the 10-year bond opened flat at 6.50%

Source: Bloomberg

• Rupee opened 3 paise weaker at 88.67 against US Dollar

• It closed at 88.64 a dollar on Monday

 Source: Bloomberg

Gold prices in India fell to Rs 1,23,430 on Tuesday, extending decline for the third session.

The metal extended decline after it ended Tuesday's session 4% lower, trading around $4,034 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.

The listing of PhysicsWallah Ltd. will be in focus as investors await the company's debut on the stock market.

Shares of PhysicsWallah will list on the BSE and NSE on Tuesday, November 18. The share allotment status for the PhysicsWallah IPO was finalised on Friday. Successful bidders were allotted the shares on Monday, and refunds were also issued on the same day.

NDTV Profit brings these five stocks for Tuesday's trading session from various analysts' recommendations. Traders choose from telecommunication, consumer, infrastructure, and electrical sectors.

Analysts projected the highest upside potential for the Housing and Urban Development Corp share price for Tuesday's close price.

Find out more details here.

Oil steadied as investors weighed the impact from an emerging surplus against US sanctions on Russia that have upended some crude flows.

West Texas Intermediate traded below $60 a barrel after a modest loss in the previous session. Brent closed near $64.

Read the full Bloomberg article here.

The record run in gold and silver prices, which saw them hit new highs not seen since 1980 or 2011, was primarily driven by a mix of market sentiment, tight supply and auspicious buying, according to Ajay Kedia, director of Kedia Advisories.

Kedia notes that while the initial price correction was expected, the subsequent upward movement was due to geopolitical pressure and supply-side constraints. "The prices had corrected but moved up because of pressure and tension. There was a supply squeeze for silver due to demand from various sectors," he said in a conversation with NDTV Profit on Monday.

Markets across Asia logged steep losses as uncertainty looms. Market participants keenly await for Nvidia Corp's earnings reports and US jobs data, scheduled for release later this week.

The Nikkei 225 was trading 1.98% down and the KOSPI was 1.44% down at 7:06 a.m.

The GIFT Nifty was trading 0.08% or 22 points down at 26,008, which hinted a negative open for the benchmark index NSE Nifty 50 index. Losses in Asian equities will also likely to weigh on Indian indices as well.

Mphasis Ltd., One 97 Communication Ltd., PTC Industries Ltd., JSW Infrastructure Ltd., Emcure Pharmaceuticals Ltd., and Tata Power Ltd. shares will likely to move because of overnight newsflow.

Indian benchmark indices ended on a firm positive note on Monday, with the Sensex advancing 388.17 points or 0.46% to end at 84,950.95, and the Nifty gaining 103.40 points or 0.40% to close at 26,013.45.