Sensex, Nifty to open flat despite positive global cues; Yatra, Paras Defence, Bank stocks in focus

The Indian benchmark indices, Sensex and Nifty50, are set for a tepid opening today despite tracking positive cues in the global markets. US Federal Reserve Governor Christopher Waller indicated that emerging softness in the labour market could justify another quarter-point cut next month, but would take a meet-by-meeting approach, deciding on the economic data that would appear after facing delays due to the recent government shutdown.

Asian markets, which tracked the overnight US market’s rally, also traded positively. Japan’s Nikkei 225 was up by 0.52%, while the Hang Seng and the Shanghai Composite advanced by 1.32% and 1.10% respectively. South Korea’s KOSPI was also trading higher by 0.87%. 

On Wall Street, the Nasdaq Composite closed 598.92 points, or 2.69% above, at 22,872.01, while the S&P 500 rallied 102.13 points, or 1.55%, to 6,705.12.  The Dow Jones Industrial Average also added 202.86 points, or 0.44%, to 46,448.27. 

In the Indian market, the divergence between foreign and domestic institutional flows remains the defining theme. FIIs extended their selling streak with over ₹4,000 crore of outflows on Monday, taking month-to-date withdrawals past ₹18,000 crore. DIIs, however, continue to offset the pressure with aggressive buying, contributing nearly ₹59,000 crore of net inflows this month. This domestic liquidity cushion has become a structural pillar for Indian markets, preventing deeper drawdowns even as global flows remain uneven. 

The Gift Nifty index indicated the Indian stock markets for a weak start, as the futures index was trading 7 points or 0.03% lower than the previous closing. Yesterday, the Indian equity markets ended lower amid profit booking across all sectors. The Sensex declined 331.21 points, or 0.39%, to 84,900.71, while the Nifty 50 was down 108.65 points, or 0.42%, to 25,959.50, thereby slipping below the 26,000 mark.

Analysts suggest that the broader market tone remains cautiously optimistic, supported by resilient macro fundamentals, healthy corporate earnings, and stable domestic demand. “A more accommodative stance from the U.S. Federal Reserve could help revive foreign inflows, while inflation, rupee weakness against the dollar, and tariff developments remain key watchpoints. For now, improving global sentiment and steady institutional support position India favourably, though a decisive breakout still requires confirmation on the charts,” say Ponmudi R, CEO, Enrich Money.

Stocks on focus:

Yatra - The board of directors have considered and noted the resignation of Dhruv Shringi as Chief Executive Officer of the Company due to personal reasons, with effect from the close of business hours on November 24, 2025, and shall continue to serve as the Whole-Time Director of the company.  Dhruv Shringi has been appointed as the Chairman of the Board of the company, with immediate effect. 

Bajaj Electricals - The Company had received a show cause notice dated December 10, 2024, issued by the Office of the Assistant Commissioner of Uttar Pradesh, on the grounds of a mismatch in the e-way bill, resulting in the GST Authority seizing a vehicle transporting the Company’s goods and imposing a penalty of Rs. 8.55 lakh on the company. It is informed that the penalty has been paid in full to secure the release of the seized goods. The Company has now received a favourable order, wherein the above amount of penalty has been reduced to Rs. 0.01 Lakh from its original amount of penalty of Rs. 8.55 lakh, and is in the process of making an application to the relevant GST Authority for a refund of Rs. 8.54 lakh.

Mphasis - The company, in an exchange filing informed that S&P Global has released its Corporate Sustainability Assessment Scorecard for 2025, and the it has been awarded a score of 73 on a scale of 0 to 100.

Punjab National Bank - Amit Kumar Srivastava has been appointed as the executive director on the Board of the Bank, for a period of three years with effect from the date of assumption of charge of the office, or until further orders, whichever is earlier.

Indian Bank - Mini T M, Chief General Manager, Bank of Baroda, was appointed as Executive Director of Indian Bank for a period of three years with effect from the date of assumption of charge of the office, or until further orders, whichever is earlier.

Canara Bank - Sunil Kumar Chugh, Chief General Manager, Punjab National Bank, was appointed as Executive Director in Canara Bank for a period of three years with effect from the date of assumption of charge of the office, or until further orders. 

Speciality Restaurants - The company and Coal Mines Associated Traders Private Limited have entered into a development agreement, where it has been allotted 20% of the built-up area in Mouza Faridpur, in respect of the said land (including car parking areas) and 20% undivided share of the common areas and facilities as well.

Dr Reddy’s Laboratories - The pharma company has received approval from the European Commission for AVT03 (denosumab), a proposed biosimilar of Prolia and Xgeva, which is a prescription medicine used to treat osteoporosis.

Paras Defence and Space Technologies - The company has signed a Memorandum of Understanding (MoU) with the Inter-University Accelerator Centre (IUAC), New Delhi. Paras and IUAC will combine their respective capabilities to develop a commercial-grade MRI magnet system for indigenous manufacturing in the country, to become self-reliant in superconducting MRI magnet technology.