Sensex Falls 400 Points, Nifty Down 0.5% as Markets Snap 2-Day Winning Streak

The Indian stock market ended lower on November 21, breaking its 2-day winning streak as global weakness and pressure in financial stocks pulled indices down. 

The Sensex slipped 400.76 points to 85,231.92, while the Nifty 50 dropped 124 points to close at 26,068.15. The Nifty also retreated after hitting a fresh 52-week high in the previous session. Broader markets performed even worse, with mid-cap and small-cap indices falling more than 1%.

Why the Stock Market Fell Today

The market declined mainly due to concerns surrounding the India–US trade deal and heavy selling in major banking names such as HDFC Bank, ICICI Bank, SBI, and Bajaj Finance. Profit-booking after the recent rally, a lower manufacturing PMI, a weakening rupee, and uncertainty around trade negotiations also weighed on investor sentiment.

Top Gainers and Losers

A few stocks managed to hold strong despite the weak market. Maruti Suzuki led the gains with a rise of 1.32%, followed by Tata Consumer with 0.90% and Max Healthcare with 0.87%. Only 17 Nifty 50 stocks ended in the green.

Most Nifty stocks closed lower, with 33 companies finishing in the red. Metal stocks led the decline, with JSW Steel down 2.91%, Hindalco down 2.81%, and Tata Steel sliding 2.59%.

Sectoral Performance

Sector-wise, the metal index was the worst performer, dropping 2.5%. This was followed by the realty index, which slipped 2%. Banking, financial services, and PSU bank indices also ended lower. Pharma, IT, and auto saw mild declines, while FMCG was the only sector that ended with small gains.

Stocks That Jumped Over 10%

7 stocks on the NSE posted strong gains of more than 10%. These included Apex Frozen Foods, Astec Lifesciences, Magellanic Cloud, and Nintec Systems.

52-Week Highs of the Day

More than 40 companies hit their 52-week highs during intraday trade. Some of the notable names were Bharti Airtel, Reliance Industries, Eicher Motors, and GMR Airports.

Stocks That Hit 52-Week Lows

On the other end, nearly 200 stocks touched their 52-week lows. These included well-known companies such as Thermax, Saregama India, Vedant Fashions, Clean Science, Deepak Nitrite, Bata India, and PCBL Chemical.

Also Read: JAL Creditors Choose Adani Offer Over Vedanta!

Conclusion

The market faced a broad sell-off as global cues remained weak and concerns around economic data and trade relations added pressure. Heavyweight banking stocks led the decline, while mid- and small-caps saw sharper corrections. 

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