Nifty to Sensex - All you need to know about markets today

Stock Markets today ended with losses ahead of F&O expiry day. Markets end 1.5% down on November 25, ahead of F&O expiry after three consecutive sessions of gains. The benchmark indices fell from record-high to end 1.5% lower on November 25, as investors booked profit ahead of the expiry of the November F&O Series. Banking and financial stocks dragged the most while IT and pharma stocks also weighed on the indices. The Sensex declined by 1.6% or 695 points to 43828. The Nifty plunged by 1.5% or 197 points to 12858. The Nifty sees its biggest 1-day fall in nearly 5 months. The Sensex fell over 1,000 points from record high, Nifty gave up 300 points. In the broader market, the S&P BSE MidCap declined by 1.76% or 295 points to 16444 while the S&P BSE SmallCap index fell by 1.13% to 16,363 points.

Major headlines:

L&T Construction awarded a large contract in the range of Rs 2,500-5,000 cr to build India's longest river bridge.
RSS Infra bagged order of Rs 210 cr from National Highways & Infrastructure Development Corporation.
Shiva Cement to invest over Rs 1,500 crore in new clinker project at Odisha

Signs of fatigue:

The Nifty, with a gap-up opening, crossed the upper end of a dynamic rising channel on the hourly chart; however, it couldn't sustain at its highs. On the way down, the Nifty has broken its crucial hourly moving averages & the fall can continue till 12600 in the short term. Market breadth was negative with 652 advances and 1196 declines on the National Stock Exchange

Following are the stocks/sectors which were in news today:

Union Bank of India rose 4% to Rs 26.7, after the bank said that it will raise up to Rs 1000 cr via issue of debt securities.
Aurobindo Pharma slipped by 3.1% to Rs 853, after the USFDA released details of the warning letter issued to the company's New Jersey unit in October 2020

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Global signals:

European stocks were mostly lower on November 25, pausing for breath after rallying on growing political certainty in the US and positive coronavirus vaccine news.
Asian stocks ended on a mixed note on November 25, amid profit selling.