At 11:30 ST, the barometer index, the S&P BSE Sensex, added 178.90 points or 0.21% to 85,410.82. The Nifty 50 index rose 55.60 points or 0.21% to 26,123.75.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.11% and the S&P BSE Small-Cap index shed 0.43%.

The market breadth was negative. On the BSE, 1,476 shares rose and 2,456 shares fell. A total of 204 shares were unchanged.

IPO Update:

Sudeep Pharma received bids for 2,86,04,975 shares as against 1,05,64,926 shares on offer, according to stock exchange data at 11:26 IST on Monday (24 November 2025). The issue was subscribed 2.71 times. The issue opened for bidding on 21 November 2025 and it will close on 25 November 2025. The price band of the IPO is fixed between Rs 563 and 593 per share.

Buzzing Index:

The Nifty Private Bank index added 0.54% to 28,546.30. The index fell 0.66% in the past trading session.

Federal Bank (up 1.61%), HDFC Bank (up 1.07%), Axis Bank (up 0.65%), IndusInd Bank (up 0.41%), Bandhan Bank (up 0.32%), Kotak Mahindra Bank (up 0.18%), RBL Bank (up 0.11%), ICICI Bank (up 0.1%), and IDFC First Bank (up 0.04%) advanced.

Stocks in Spotlight:

ACME Solar Holdings fell 1.64%. The company has emerged as the winning bidder for 130 MW under the e-Reverse auction conducted by REMC (REMCL) for its 1,000 MW round-the-clock (RTC) renewable energy project.

Shilpa Medicare rose 0.30%. The company announced that the U.S. Food and Drug Administration (USFDA) issued a Form 483 with eight inspectional observations for its Unit IV facility in Jadcherla, Telangana.

Global Markets:

Asian markets traded higher on Monday, driven by strengthening expectations of a US Fed rate cut in December, despite continued division among policymakers over such a move.

The anticipation of future catalysts drove market activity. Investors are looking ahead to the release of key economic indicators later in the week, specifically U.S. retail sales and producer prices data. Furthermore, British finance minister Rachel Reeves is scheduled to unveil her highly anticipated budget this week.

Geopolitical developments were also central to trading sentiment. Oil prices faced downward pressure after the United States and Ukraine announced the creation of an updated and refined peace framework aimed at ending the war with Russia, raising hopes for a potential boost in global oil supply.

On Wall Street, major averages rebounded on Friday, with the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all closing higher.

The Dow Jones Industrial Average gained 493.15 points (1.08%) to close at 46,245.41. The Nasdaq Composite advanced 0.88% to settle at 22,273.08. The S&P 500 finished 0.98% higher at 6,602.99.

The surge followed comments from New York Federal Reserve President John Williams, who suggested the central bank might cut interest rates again this year. Williams indicated that labor market weakness now poses a greater threat to the economy than elevated inflation, making further rate cuts a possibility.

The Fed has just one meeting remaining in 2025, scheduled for December 9-10, with the current target rate range standing at 3.75% to 4.00%.

The recent record U.S. government shutdown, which concluded earlier this month, has complicated the outlook for U.S. rates. Policymakers are grappling with significant data gaps that would normally inform their view of the world's largest economy.

This issue was highlighted when the U.S. Bureau of Labor Statistics announced on Friday that it had cancelled the release of October's consumer price report because the shutdown prevented the necessary data collection.

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