The Indian stock market witnessed another day of losses on Tuesday, November 25, as frontline indices Sensex and Nifty 50 closed in the red for the third consecutive session amid mixed global cues. The Sensex ended 314 points lower, or 0.37%, at 84,587, while the Nifty 50 fell 75 points, or 0.29%, closing at 25,884.80. Despite the weakness in major indices, mid and small-cap segments outperformed, with the BSE Midcap index rising 0.19% and the Smallcap index climbing 0.20%.

Market analysts attributed the decline to persistent uncertainty over the India-US trade deal, weakness in the Indian rupee, and continued foreign capital outflows. Vinod Nair, Head of Research at Geojit Investments, noted, “The domestic market witnessed sharp volatility on the monthly expiry day, driven by a weakening INR and continued FII outflows. Caution prevailed as investors awaited clarity on a possible rate cut in the upcoming FOMC meeting and progress on the Indo-US trade deal, despite some improving signals.”

Among the Nifty 50 constituents, Bharat Electronics Limited (BEL) gained 1.58%, Hindalco Industries rose 1.44%, and State Bank of India (SBI) increased 1.33%, emerging as the top gainers. On the other hand, Adani Enterprises fell 2.91%, Tata Motors Passenger Vehicles declined 1.59%, and Trent dropped 1.49%, ranking as the top losers of the session. Overall, 33 stocks in the Nifty 50 index ended the day in the red.

Despite the short-term volatility in the benchmark indices, the positive performance of mid and small-cap stocks indicates selective optimism among investors, particularly in segments less sensitive to global developments.