Table of Contents
What Defines the Monthly Market Review November 2025 for India?
November 2025 marked a chapter for the Indian markets where stability and mild volatility went hand in hand. After October’s sharp 4.5% rally, the month was like a natural cool-off phase, but it was clearly underpinned by a strong economic foundation.
The Indian equity market recorded a third consecutive month of growth, just like the calm but positive atmosphere at home after the festivals. The biggest message of the Monthly Market Review November 2025 was that the Indian economy is moving firmly on its growth path despite global uncertainty.
From HMA Wealth’s perspective, this month brought a balanced signal for equity investors, SIP participants, traders, and institutional portfolios.
How Did the Key Indian Indices Perform in November 2025?
November started strongly, but mid-month Fed signals and geopolitical updates led to a slight decline in the market. Despite this, the indices gave an overall good performance till the end of the month. See the brief description in the table below:
Key index performance (based on today’s close)
| Index | Nov 1 Open (Approx.) | Nov 28 Close | Monthly % Change | Key Note |
| Nifty 50 | 25,700 | 26,202.95 | +2.0% | third consecutive monthly gain; ATH of 26,310 in between. |
| Sensex | 84,000 | 85,707 | +2.0% | FII selling in spite of strong close. |
| Nifty Bank | 58,900 | 59,752.70 | +1.5% | record high; The banking sector is the strongest. |
| Nifty Midcap | 52,000 | 52,800 | +1.6% | broader market inpositive breadth। |
Indices clearly showed that the Monthly Market Update in India, domestic buying, and macro strength absorbed global pressures.
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Which Sectors Outperformed and Which Showed Weakness?
Not all sectors did the same thing. Some sectors, such as pharma and auto, outperformed the month, while metals and IT were impacted by the global slowdown.
Sectoral Performance Table
| Sector | Monthly % Change | प्रमुख कारण |
| Pharma | +4.2% | Export demand accelerated. |
| Auto | +3.0% | Diwali sales at record levels. |
| Media | +2.5% | Increase in ad spending. |
| Financial Services | +1.8% | Bank Nifty ATH support. |
| IT | -0.5% | Fears of US slowdown. |
| Metals | -1.2% | China’s demand weakened. |
Sector performance proved the value of portfolio diversification again this month.
Which Stocks Were the Top Gainers and Losers in November 2025?
In November, some stocks raised investor expectations, while others disappointed.
Top Gainers:
- Adani Green Energy: +12% renewables, Strong in momentum
- Tata Motors CV: +8% festive vehicle sales robust
- Sun Pharma: +6% export orders improvements
Top Losers:
- Infosys: -4% global IT spending weak
- Shriram Finance: -3.5% NBFC caution
- SBI Life: -2.8% insurance Market Volatility
These movements will provide important signals for traders in December as well.
How Strong Was Market Breadth and Derivatives Sentiment?
Market yield appeared slightly weak in November, with the advance-decline ratio falling to 0.82. This meant participation was limited.
Derivatives data was bullish:
- Call OI built over 26,300
- Strong put support at 26,000.
- Fresh long build-up in the December series
It was a clear message to traders that “Buy on dips” is still a working strategy.
How Did FIIs and DIIs Influence the Monthly Market Update India?
FIIs made sales of around ₹17,500 crore in November. Global yields and China recovery hopes were the main reasons for this.
But DIIs took over the month:
- Total Procurement: ₹41,000+ crore
- On November 28 alone: ₹4,148 crore
For this reason, the indices remained in the green until the end of the month. HMA Wealth considers this to be the strongest sign of India’s long-term confidence.
What Major Economic and Policy Events Shaped November 2025?
November 2025 brought several big economic headlines:
- GDP Growth: 8.2% (6-quarter high)
- CPI Inflation: 0.3% (multi-year low)
- PMI: 58.8 (strong expansion)
- Festive Sales: Records in both Auto and Consumer Goods
- RBI Hint: Rate cut likely in December
- IPO Activity: Small infra IPOs gave good listing gains
Economic indicators gave a very positive tone to the narrative of the monthly market update.
What Does Technical Analysis Tell Us About the Market Trend?
Technical charts consolidation of a clear indication:
- The Nifty remained comfortably above 26,000.
- 50-day EMA: 25,900 (strong trend support)
- RSI: 58 (neutral momentum)
Key Levels:
- Support: 26,000 and 25,800
- Resistance: 26,350–26,400
In the event of a breakout, the Nifty may move towards 26,500.
How Did Global Markets, Currency, and Commodities Affect India?
- USD/INR: 89.34 (rupee weak but benefits exporters)
- Gold: ₹1,24,900/10g Global Uncertainty Adds Brightness
- Crude: ₹5,290/bbl price softens to support inflation.
The 5-day rally of US markets and the stable stance of the ECB supported Indian sentiment.
What Is the Market Outlook for December 2025?
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The market outlook is upbeat. Analysts predict that the Nifty could move towards 27,000 in December:
- RBI cuts Expect
- Strong DII flows
- Corporate earnings upgrades
- Global cues stabilizing
Action for Retail Investors:
- Increase allocations in large-cap funds and ETFs
- Keep a small portion of gold as a hedge.
- Continuing SIP compounding is the real power.
Action for Traders:
- Buy on Bank Nifty dips.
- The momentum trade in Adani Group stocks persists.
Action for Institutions:
- Maintain an overweight position in the pharmaceutical and auto sectors.
According to HMA Wealth, December could prove to be a constructive month for long-term investors.
FAQs – Monthly Market Review November 2025
How was India’s stock market the November 2025?
In November 2025, the Indian market showed steady growth despite mild volatility. Strong GDP data, DII purchases, and sectoral recovery kept the overall sentiment positive. This is why November was considered a month of balanced performance in the Monthly Market Update.
Which sector performed best in November 2025?
This month, the pharma, auto and media sectors gave excellent returns. In comparison, the IT and metals sectors remained weak due to global pressures. According to the Monthly Market Update, festive demand and export strength supported outperforming sectors.
How did the activity of FIIs and DIIs affect the market?
November saw big selling by FIIs, but DIIs took over the market by buying heavily. DII flows kept the indices in the green until the month-end. It was considered one of the strongest domestic signals in the Monthly Market Update.
Which stocks were the most talked about in November 2025?
Adani Green, Tata Motors CV and Sun Pharma were the top gainers, while Infosys and SBI Life appeared to be under some pressure. The Monthly Market Update suggests that momentum stocks will remain important for traders in December as well.
What does the market outlook look like for December 2025?
The tone for December looks positive—rate cut expectations, steady DIIs, and an improving earnings outlook are likely to upside the Nifty. The Monthly Market Update suggests that this could prove to be a constructive month for long-term investors.
Written by Hasanraza Ansari
Founder of HMA Wealth · Empowering India’s Next Generation of Investors
Finance & Operations Expert with 9+ years of experience, dedicated to simplifying wealth creation and helping Indians invest smarter through HMA Wealth.
Educational content only. Investing in the stock market involves risks. Please do your own research or consult a SEBI-registered financial advisor before making any investment decisions.