The Indian stock market saw a reversal on November 26 after two days of gains, with benchmark indices Sensex and Nifty closing lower. Weakness in auto, pharma, and energy stocks weighed on the indices, even as market breadth remained positive. Here are the top gainers and losers:

Top Gainers

1. Triveni Turbine

   • The stock surged 8% following a sharp rise in trading volumes.
   • Over three crore shares were traded, significantly higher than the monthly average of 25 lakh.

2. Sagility India

   • Shares climbed 10%, fueled by robust Q2 results.
   • Net profit increased by 30.5% year-on-year to ₹163.60 crore, while revenue grew 21%.

3. Vodafone Idea

   • Gained 9% after the Union Cabinet approved waiving bank guarantees for spectrum acquired before 2022.
   • This decision reduced financial stress, benefiting Vodafone Idea, which holds obligations of over ₹24,700 crore.

4. Defence Stocks

   • Stocks like Bharat Electronics and Hindustan Aeronautics rose 2-3%, driven by JPMorgan's coverage citing growth prospects in defence production and exports.

5. Hitachi Energy India

   • Shares soared 5% after the company, in collaboration with BHEL, secured a contract for high-voltage DC terminal stations.

6. Swiggy

   • Rose 9% after UBS initiated coverage with a 'buy' rating and a target price of ₹515, reflecting a 27% upside potential.

Top Losers

1. Adani Green Energy

   • Dropped 7% amid continued fallout from allegations of bribery to secure solar contracts.
   • This comes after the conglomerate lost over ₹2.2 lakh crore in market cap earlier this month.

2. Raymond

   • Declined 4% following profit booking, despite strong performance over the last two sessions due to its successful demerger of Raymond Realty.

3. ACME Solar Holdings

   • Fell 1% due to a 60% drop in Q2 net profit, impacted by lower revenue from asset monetization.

Market Context

While the BJP’s electoral success in Maharashtra had bolstered market sentiment earlier, concerns over high valuations, FII selling, and subdued earnings growth dampened enthusiasm. Analysts suggest these factors will continue to influence market dynamics in the coming sessions.

The Upcoming IPOs in this week and coming weeks are Apex Ecotech, Abha Power and Steel, Agarwal Toughened, Ganesh Infraworld, Suraksha Diagnostic, Property Share REIT, Rosmerta Digital, Avanse Financial and Nisus Finance.

The Current active IPO is Rajputana Biodiesel, Rajesh Power Services, C2C Advanced System, Enviro Infra Engineers and Lomosaic India.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.