The BSE Sensex fell by 277.93 points or 0.33%, closing at 84,673.02, while the NSE Nifty50 dropped 103.4 points or 0.4% to end at 25,910.05.
In the broader markets, the Nifty MidCap index fell by 0.59% and the Nifty SmallCap index declined by 1.05%, showing that selling pressure was broad-based.
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Impact on the stock market
Sector-wise performance
Sector-wise action highlighted the contrast in market mood.
- Top performers:
- Nifty IT surged 2.9%, leading the rebound.
- Nifty PSU Bank rose 1.16%, continuing its strong trend.
- Nifty IT surged 2.9%, leading the rebound.
- Lagging sectors:
- Nifty Realty and Nifty Oil & Gas were the major losers for the day.
| Sector/Index | Performance |
| IT & BPM sector | 2.97% |
| Healthcare sector | 0.48% |
| Oil & Gas sector | -0.35% |
| Real estate sector | -0.35% |
| PSU Bank in India | 1.16% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Max Healthcare | 1,164.40 | 4.27 |
| HCL Tech | 1,662.60 | 4.23 |
| Infosys | 1,541.10 | 3.68 |
| Wipro | 246.04 | 2.13 |
| TCS | 3,147.70 | 1.96 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| TMPV | 360.85 | -2.81 |
| Coal India | 379.05 | -1.28 |
| Maruti Suzuki | 15,768.00 | -1.02 |
| Bajaj Finance | 1,005.60 | -0.79 |
| Hindalco | 790.95 | -0.78 |
Market aftermath: Impact on stocks
Nvidia earnings in focus as AI valuation concerns rise
All eyes were on Nvidia ahead of its Q3 results, scheduled after US market hours. Despite global markets slipping for the fifth straight session, Nvidia’s shares were trading 1% higher at $183.3 in pre-market hours.
The chipmaker is expected to post a 56% jump in revenue to $54.92 billion. With Nvidia’s stock still 8% off its all-time high and the AI sector under scrutiny for stretched valuations, investor sentiment remained cautious.
Experts noted that the stock is “priced for perfection,” and continued GPU demand must support Nvidia’s high expectations.
Sammaan Capital falls 13% as Supreme Court questions CBI’s approach
Shares of Sammaan Capital nosedived 13.3% after the Supreme Court questioned the CBI’s “friendly approach” in a probe concerning alleged irregularities involving former promoters.
The court directed:
- CBI to file an FIR
- A joint meeting between CBI, ED, SFIO, and SEBI within two weeks
- The next hearing scheduled for December 17
Sammaan Capital clarified that current management has no connection with the earlier promoter and that past regulators have given the company a clean chit.
LG Electronics India rises 4% as top brokerages initiate coverage
LG Electronics India shares jumped 4% to ₹1,691 after JPMorgan and Morgan Stanley initiated coverage with ‘overweight’ ratings.
- JPMorgan target: ₹1,920 (18% upside)
- Morgan Stanley target: ₹1,864 (15% upside)
Brokerages highlighted:
- Strong presence in value + premium segments
- Wide distribution and robust service network
- Revenue growth expectations of 12% over FY26–28
- Margin recovery due to localisation and capacity expansion
This positive coverage came despite the company reporting a 27% YoY fall in Q2 net profit to ₹389.43 crore.
Crude oil prices soften amid US sanctions and supply outlook
Crude oil traded lower as markets assessed the impact of upcoming US sanctions on Russian giants Rosneft and Lukoil, effective November 21.
- Brent crude: down 0.70% to $63.75
- WTI crude: down 0.74% to $59.42
- MCX crude (Nov): down 0.85% to ₹5,275
Key global developments:
- US Treasury reports sanctions are already reducing Russian oil revenue
- Goldman Sachs projects a decline in oil prices through 2026, citing a 2 million bpd surplus
- Natural gas (MCX): down 1.95% to ₹407.60
- Jeera (NCDEX): up 1.08%
- Turmeric (NCDEX): up 0.81%
Conclusion
Markets bounced back sharply from a weak start, driven by IT and PSU banks. Global uncertainty—especially around Nvidia’s results, AI valuations, US economic trends, and geopolitical developments—continues to influence investor sentiment. Corporate-specific stories, including Sammaan Capital’s legal concerns and LG Electronics India’s upbeat outlook, added to stock-specific volatility.
As global cues remain mixed and crude prices stay under pressure, traders may continue to see pockets of strength in select sectors, even as caution dominates the broader market mood.
For more stock market insights, check out the StockGro blog.
