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Below the Perspective on Markets 17th Nov 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital

The markets extended their winning streak for the sixth straight session on Monday, with benchmark indices closing higher amid broad-based buying. The S&P BSE Sensex rose 388 points, or 0.46%, to settle at 84,950.95, while the NSE Nifty 50 climbed 103.40 points, or 0.4%, to reclaim the 26,000 mark, ending at 26,013.45.

Gains were led by Eternal, Maruti Suzuki, Kotak Mahindra Bank, Mahindra & Mahindra, and Tech Mahindra, each advancing between 1% and 2%. Financial stocks provided the strongest support, rising 0.6%, after the RBI rolled out measures to aid export-driven sectors facing pressure from U.S. tariff actions.

Broader markets also participated in the uptrend, with small-caps gaining 0.5% and mid-caps rising 0.7%, the latter hitting a fresh record high.

On the Nifty, major gainers included Bajaj Auto, Tata Consumer, Eicher Motors, Max Healthcare, and Maruti Suzuki. However, Tata Motors Passenger Vehicles fell 4.7% after trimming its FY26 margin outlook for Jaguar Land Rover, while Adani Enterprises, Jio Financial, InterGlobe Aviation, and UltraTech Cement also closed lower.

All major sectoral indices ended in the green, with auto, banking, realty, capital goods, consumer durables, and PSU banks rising between 0.5% and 1%, reflecting strong overall sentiment.

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