_{Published on: 05 Nov, 2025 02:16}

The Indian markets exhibited a bearish sentiment on November 4, 2025, with the Sensex and Nifty closing lower amid profit booking and weak global cues, though select earnings provided some uplift. Key themes included robust quarterly results from major firms in the banking and auto sectors, regulatory settlements in the stock exchange space, and policy assurances on financial inclusion amid privatization discussions. Overall, the day highlighted a mix of corporate resilience and macroeconomic pressures from currency defense and liquidity strains.

 

Sensex and Nifty Close Lower Amid Profit Booking and Sectoral Declines

Summary: The BSE Sensex fell 519.34 points or 0.62% to close at 83,459.15, while the Nifty 50 dropped 165.70 points or 0.64% to 25,597.65, driven by widespread selling across sectors. Profit booking was prominent in IT and metal stocks, influenced by mixed U.S. Federal Reserve signals reducing expectations for a December rate cut. Despite the downturn, gains in select stocks like Bharti Airtel (up 1.9%) and Titan Company (up 2.3%) were supported by strong quarterly profits. Fifteen out of sixteen major sectors logged losses, with IT down 1.1% and auto slipping 0.9%. Broader indices also declined, with midcaps down 0.2% and smallcaps shedding 0.7%. This consolidation follows a 4.5% October rally, signaling caution amid FII outflows of Rs 1,884 crore and global uncertainties. The market's weakness could pressure short-term investor confidence but may set the stage for recovery if earnings momentum continues.

Source & Link: Moneycontrol - https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-04-11-2025-liveblog-13650538.html

SBI Reports 10% Rise in Q2 Net Profit, Beats Estimates on Stake Sale Gains

Summary: State Bank of India (SBI) announced a 10% year-on-year increase in standalone net profit to Rs 20,160 crore for Q2 FY26, surpassing analyst expectations. The growth was bolstered by proceeds from a Yes Bank stake sale and lower credit costs, with net interest income up 3.3% to Rs 42,984 crore. Gross NPAs improved to 1.73% from 2.21% a year ago, reflecting better asset quality. Deposits grew 8.2% year-on-year, while advances rose 10.1%, indicating steady lending expansion. Management raised loan growth guidance, contributing to a 0.8% share price gain amid the broader market decline. This performance underscores the banking sector's resilience despite liquidity pressures. Implications include enhanced investor confidence in public sector banks and potential support for economic credit flow.

Source & Link: The Economic Times - https://m.economictimes.com/markets/stocks/earnings/sbi-q2-results-pat-jumps-10-yoy-to-rs-20160-crore-beats-street-estimates/articleshow/125080060.cms

 

 

Mahindra & Mahindra Posts 18% Q2 Profit Growth on Robust SUV Sales

Summary: Mahindra & Mahindra (M&M) reported an 18% year-on-year rise in standalone profit after tax to Rs 4,521 crore for the July-September quarter, driven by strong demand for SUVs. Revenue increased 21% to Rs 35,080 crore, though slightly below estimates due to margin pressures. Operating profit grew 28%, with auto segment profits up 14% and farm profits surging 54%. The company achieved a 21.3% revenue increase on a consolidated basis to Rs 33,422 crore. Shares rose 0.9% following the announcement, bucking the market trend. This reflects a cyclical recovery in auto and farm sectors amid festive demand. The results could boost sector sentiment, signaling potential for further growth in discretionary spending.

Source & Link: Reuters - https://www.reuters.com/world/india/indias-mahindra-mahindra-posts-higher-quarterly-profit-strong-suv-sales-2025-11-04/

IndiGo's Q2 Loss Widens to Rs 2,582 Crore on Forex and Maintenance Costs

Summary: InterGlobe Aviation (IndiGo) reported a standalone loss of Rs 2,582 crore for Q2 FY26, compared to Rs 989 crore a year ago, due to higher foreign exchange losses and maintenance expenses. Domestic traffic slumped, contributing to the wider deficit despite efforts to manage costs. The airline's results highlight challenges in the aviation sector, including currency volatility and operational pressures. Shares reacted negatively, adding to sectoral declines. This could signal broader headwinds for air travel amid economic uncertainties. However, the company remains India's largest budget carrier, with potential for recovery through fleet expansion. Implications include increased scrutiny on aviation profitability and possible fare adjustments.

Source & Link: CNBC-TV18 - https://www.cnbctv18.com/market/stocks/indigo-interglobe-aviation-share-price-q2-loss-widens-to-rs-2582-crore-on-higher-forex-loss-maintenance-costs-19741478.htm

 

Groww IPO Opens for Subscription, Targeting $7 Billion Valuation

Summary: Billionbrains Garage Ventures (Groww's parent) launched its Rs 6,632 crore IPO on November 4, priced at Rs 95-100 per share, aiming to raise $127 million in fresh capital. The issue, one of India's largest this year, saw 57% subscription on day one, with retail at 1.66 times. Groww is shifting focus to wealth management and commodities as broking revenue share fell to 79.5%. The company disbursed loans and launched new products like corporate bonds and margin trading. This reflects the booming fintech sector and rising retail investor participation. Successful listing could enhance market liquidity and attract more tech IPOs. Implications include diversification benefits for investors and growth in under-penetrated markets.

Source & Link: Reuters - https://www.reuters.com/world/india/indian-stock-broker-growws-ipo-open-november-4-2025-10-29/

Hinduja Group Chairman Gopichand Hinduja Passes Away at 85

Summary: Gopichand Hinduja, chairman of the Hinduja Group, died in London at age 85, marking the end of an era for the global conglomerate. He transformed the family business into an industrial powerhouse with assets in banking, automotive, and energy, including Ashok Leyland and Gulf Oil. The Hinduja family, Britain's richest with a £35 billion fortune, faces potential succession dynamics. His passing could influence group strategies amid ongoing expansions. Shares of group companies may see volatility as markets assess leadership transitions. This event underscores the impact of key figures on corporate landscapes. Long-term implications include sustained focus on India-UK ties and diversification.

Source & Link: The Economic Times - https://m.economictimes.com/news/company/corporate-trends/hinduja-group-chairman-gopichand-p-hinduja-dies-at-85-in-london-hospital/articleshow/125084639.cms

 

NSE Provisions Rs 13 Billion for SEBI Settlement, Profits Drop 33%

Summary: The National Stock Exchange (NSE) set aside Rs 13 billion to settle pending regulatory cases with SEBI, stemming from 2019 fines for unequal trading access. This was announced in Q2 FY26 results, where net profit fell 33% to Rs 20.98 billion due to declining trading volumes. Revenue from transaction charges dropped 12% amid SEBI's curbs on derivatives frenzy. The settlement could clear the path for NSE's delayed IPO, stalled since 2016. This highlights regulatory scrutiny in India's capital markets. Profits decline may pressure exchange revenues short-term but foster stability. Implications include improved governance and potential market confidence boost.

Source & Link: Reuters - https://www.reuters.com/sustainability/boards-policy-regulation/indias-nse-sets-aside-13-billion-rupees-settle-pending-regulatory-cases-2025-11-04/

RBI's Rupee Defense Drains Liquidity, Sparks Bond Purchase Expectations

Summary: The Reserve Bank of India (RBI) sold dollars aggressively to defend the rupee near 88.80, reducing liquidity surplus to 3.3 trillion rupees. This intervention countered dollar strength amid U.S. rate cut uncertainties. Traders expect RBI to buy 1-1.5 trillion rupees in bonds via open market operations to ease strains. The rupee closed higher at 88.65, up 13 paise, despite importer demand. This reflects macroeconomic challenges from global factors and slow capital flows. Potential bond buys could lower yields and support growth. Implications include stabilized currency but ongoing pressure on banking liquidity.

Source & Link: Reuters - https://www.reuters.com/world/india/india-central-banks-rupee-defense-saps-liquidity-fuels-bond-buy-bets-2025-11-04/

 

Bajaj Finance Reports 27% Growth in Festive Loan Disbursals

Summary: Bajaj Finance disbursed 63 lakh consumer loans during the festive season (September 22 to October 26), marking a 27% volume increase and 29% value jump year-on-year. This surge was driven by premiumization trends and added 23 lakh new customers. The growth reflects robust consumer demand amid GST reforms and tax changes boosting spending. As India's largest non-bank lender, this performance highlights financial sector strength. Shares may benefit from positive sentiment. Implications include enhanced credit access and support for economic recovery. The company attributes momentum to broader credit demand in small-ticket segments.

Source & Link: The Economic Times - https://m.economictimes.com/industry/banking/finance/bajaj-finance-sees-27-surge-in-festive-loan-demand/articleshow/125079096.cms

Finance Minister Assures Bank Privatization Won't Harm Financial Inclusion

Summary: Finance Minister Nirmala Sitharaman stated that privatizing state-owned banks would not undermine financial inclusion or national interests. She emphasized India's strong macro fundamentals enabling global assertiveness, with the economy on track to become the world's third-largest. This dispels fears amid ongoing privatization discussions. The statement aligns with efforts to enhance banking efficiency. It could influence policy debates and investor views on public sector reforms. Implications include potential for better governance without compromising access. Sitharaman also highlighted next-gen GST and customs structures for growth.

Source & Link: The Economic Times - https://m.economictimes.com/industry/banking/finance/banking/privatisation-of-banks-unlikely-to-hurt-financial-inclusion-drive-national-interest-fm-nirmala-sitharaman/articleshow/125091529.cms