Indian equity markets saw a robust rally on November 25, driven by broad-based buying across sectors. The rally followed the ruling alliance’s decisive victory in the Maharashtra elections, which uplifted investor sentiment. All 13 major sectoral indices ended in the green, with the PSU Bank Index surging over 4 percent, while small-cap and mid-cap indices advanced nearly 2 percent each.

At market close, the Sensex climbed 993 points or 1.3 percent to settle at 80,110, while the Nifty rose by 315 points to end at 24,222. Advances significantly outpaced declines, with 2,541 stocks gaining, 1,347 declining, and 148 remaining unchanged.

Here are some of the top gainers and losers for the day:

1. Central Bank of India
Shares of Central Bank of India rallied 9 percent after the Reserve Bank of India approved the bank's entry into the insurance sector. The lender plans to establish a joint venture with the Generali Group to foray into the segment.

2. Rail Vikas Nigam Limited (RVNL)
RVNL shares gained 4 percent after receiving a Letter of Acceptance (LoA) from Eastern Railway for an infrastructure project valued at Rs 837.67 crore. The project entails significant railway development work, including earthwork, bridge construction, and track laying.

3. RITES
RITES surged 7 percent as the Northeast Frontier Railway revised its project estimates upward by 84 percent to Rs 531.77 crore, bolstering investor confidence in the company’s growth prospects.

4. Zomato
Zomato shares rose over 3 percent, supported by two key developments: its inclusion in the 30-stock Sensex and regulatory approval for a Rs 8,500 crore Qualified Institutional Placement (QIP).

5. HG Infra Engineering
HG Infra Engineering climbed nearly 4 percent after winning a contract from NTPC Vidyut Vyapar Nigam Ltd for the procurement and installation of 500 MW/1000 MWh standalone battery energy storage systems across India, valued at Rs 1,110 crore.

6. JSW Steel
In contrast, JSW Steel declined over 2 percent following news of its exclusion from the Sensex effective December 23. It will be replaced by Zomato in the index.

7. Housing & Urban Development Corporation (HUDCO)
HUDCO shares jumped 5 percent on renewed optimism surrounding infrastructure and capital expenditure (capex) plans after the BJP-led alliance’s victory in Maharashtra.

8. Paras Defence and Space Technologies
The stock advanced nearly 5 percent after the company inaugurated a cutting-edge optical systems testing facility in Navi Mumbai, enhancing its capabilities in defense and space technology.

9. J Kumar Infra
J Kumar Infra surged 9 percent as market optimism following the Maharashtra election results sparked renewed focus on infrastructure development projects.

10. Vijaya Diagnostic Centre
Shares of Vijaya Diagnostic dropped 5 percent amid profit-booking after reaching a fresh 52-week high in the previous session, which was driven by robust September quarter earnings.

Conclusion:

The stock market's performance on November 25 highlighted sectoral strength, with public sector banks and infrastructure-focused stocks leading the rally. The positive sentiment was further supported by resilient global markets and local political developments. Meanwhile, profit-booking and index reshuffling impacted select stocks, showcasing the dynamic nature of market movements.

The Upcoming IPOs in this week and coming weeks are Rajputana Biodiesel, Apex Ecotech, Abha Power and Steel, Agarwal Toughened, Ganesh Infraworld, Rosmerta Digital, Avanse Financial and Nisus Finance.
The Current active IPO is 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.