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Sensex and Nifty opened strong but trimmed gains as Tata Motors Passenger Vehicle fell 6 percent after weak Q2 results. Kotak Mahindra Bank and Tech Mahindra led early gains.
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Market Updates Today: Indian benchmark indices gave up early gains in the morning trade despite opening the week on a positive note. Around 10:00 am, the Sensex was at 84,738, up 172 points or 0.20%, while the Nifty added 37 points or 0.15%, hovering just below the 26,000 mark.
Nifty Bank touched the record high intraday at 58,977.50 before falling to 58,888 around 10:10 am.
The domestic equity market on Monday kicked off the new week on a strong note, as indices remain cautiously optimistic amid mixed global cues and a lack of significant domestic triggers. The BSE Sensex traded 252 points higher at 84,816.57 in the opening trade, while the NSE Nifty was up by 63 points to trade at 25,973.80.
Among the 30 Sensex shares, 23 were trading in green in the morning trade. Kotak Mahindra Bank, Tech Mahindra, SBI, L&T, and Bajaj Finserv were the top gainers rising up to 1.03%. However, Tata Motors Passenger Vehicle (TMPV), Eternal, UltraTech Cement, TCS, Tata Steel, Infosys, and Trent were the laggards falling by up to 4.85%.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, “Q2 results declared so far indicate an uptrend in earnings growth. Net profits have grown by 10.8%, which is the best in the last six quarters. This is a beat over earlier estimates. The present trends in consumption indicate that earnings will further improve in Q3. Discretionary consumption, particularly automobiles, will lead earnings growth in Q3. Whether the present boom in consumption will continue even after the festival season is to be watched.”
A sustained uptrend in the market and new record highs have not been happening since FIIs continued selling on all rallies. A change in FII strategy is necessary for the market to break into new record highs and remain there. This, in turn, requires steady improvement in earnings growth, which is likely from Q3 onwards. If the global AI trade loses steam, that would be a helpful factor, he added.
Tata Motors PV Fall 6%
TMPV shares declined as much as 6 per cent on Monday after the company reported weak Q2 FY26 results, led by a sharp deterioration in Jaguar Land Rover’s profitability, a steep cut in its full-year margin guidance, and a larger-than-expected operational impact from the cyberattack. At market open, the stock was trading at Rs 369, down 5.7 per cent from Friday’s close of Rs 391.2, with analysts weighing the depth of JLR’s disruption, the scale of the EBITDA loss, and a divided stance on the near-term recovery path. The Q2 report was Tata Motors PV’s first as a standalone entity and comes amid a challenging global demand environment for premium vehicles.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
November 17, 2025, 09:39 IST
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