Sensex Flat, Nifty Holds Near 25,750 as Realty, PSU Bank Stocks Lead Gains
Sensex Flat, Nifty Around 25,750; Realty, PSU Banks Shine as India VIX Rises 4%
Mumbai, November 3, 2025: Indian equity benchmarks traded flat in Monday’s mid-session amid mixed global cues and the absence of major domestic triggers. The Sensex hovered near 83,921, slipping 17.61 points or 0.02%, while the Nifty50 held firm at 25,739.40, up 17.30 points or 0.07%.
Despite the muted index movement, select sectors and midcap stocks saw healthy activity. The India VIX, the market’s volatility gauge, jumped nearly 4%, indicating a rise in cautious sentiment among investors.
On the sectoral front, Realty and PSU Bank indices outperformed, gaining around 1% each. The buying momentum was driven by strong earnings visibility and healthy loan growth trends in public sector banks.
The BSE Midcap index rose 0.3%, while the Smallcap index advanced 0.5%, reflecting positive investor sentiment toward broader market counters. Conversely, Consumer Durables stocks slipped 0.6%, weighing on the overall market tone.
Among key gainers on the Nifty50, Shriram Finance led the rally, surging 5.30% to ₹788.60, extending its morning momentum. Apollo Hospitals gained 1.92% to ₹7,828.50, and Mahindra & Mahindra (M&M) rose 1.58% to ₹3,542.30. State Bank of India (SBI) added 1.17%, while SBI Life Insurance climbed 1.09%, contributing to the positive sentiment in financials.
On the downside, Maruti Suzuki declined 3.35% to ₹15,644, emerging as the top laggard amid profit booking. ITC, TCS, Nestle, and L&T also slipped between 0.9% and 1.5%, dragging the benchmarks.
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Zee Media Corporation CEO Resigns
In a key corporate development, Karan Abhishek Singh, CEO of Zee Media Corporation, resigned from his position effective October 31. The stock traded marginally lower at ₹9.99, down 0.20%.
Zee Media’s trading volume fell nearly 40% to 112,593 shares, well below its five-day average. The stock has struggled over the past year, currently 55.56% below its 52-week high of ₹22.48. Market capitalization stands at ₹624.80 crore.
Rajeev Yadav, Deputy CEO of AU Small Finance Bank, has tendered his resignation effective October 31. The stock slipped 1.09% to ₹868.50, with trading volumes spiking over 1,700% compared to the five-day average.
Despite the short-term decline, AU Small Finance Bank remains a strong performer, currently 81.32% above its 52-week low of ₹479. Market capitalization stands at ₹64,813.70 crore.
Pankaj Joshi has stepped down as Chairman and Director of Gujarat Gas due to superannuation, effective November 1. The board has appointed Manoj Kumar Das as the new Chairman effective November 2.
The stock traded 0.86% higher at ₹410.60, supported by steady investor sentiment. Currently, Gujarat Gas trades 25.68% below its 52-week high of ₹552.50. The company’s market capitalization stands at ₹28,265.30 crore.
In a boost to the domestic defence sector, Astra Rafael Comsys, a joint venture of Astra Microwave Products, received an order worth ₹285.56 crore from the Ministry of Defence for the supply of advanced communication systems for the Indian Air Force’s special forces.
Shares of Astra Microwave Products jumped 1.65% to ₹1,060.15, with trading volumes doubling compared to the average. The company’s stock remains a standout performer, 81.47% above its 52-week low. Its market capitalization currently stands at ₹10,065.60 crore.
The Delhi Metro Rail Corporation (DMRC) signed a Memorandum of Understanding (MoU) with Mappls MapmyIndia to integrate metro data with the mapping app’s platform. The integration aims to provide real-time metro information and improve commuter convenience across the Delhi-NCR network.
Shares of C.E. Info Systems (MapmyIndia) dipped 0.88% to ₹1,804.55, even as the partnership signals a technological leap for India’s metro ecosystem.
Taj GVK Hotels & Resorts reported a 19.3% year-on-year rise in Q2 FY25 net profit at ₹24 crore, compared to ₹20 crore last year. The company’s revenue growth was supported by higher occupancy and room rates amid a strong hospitality season.
The stock rose 1.04% to ₹424, trading actively with volume surging 82.93% over the five-day average. Market capitalization currently stands at ₹2,658.54 crore.
Market experts noted that the flat performance of benchmarks reflects profit-booking in heavyweight stocks and a wait-and-watch approach ahead of upcoming economic data and global central bank policy cues.
Analysts expect realty, PSU banks, and defence-linked stocks to continue drawing investor interest in the near term, while the overall trend may remain range-bound amid global uncertainties.
As the India VIX rises, indicating elevated volatility expectations, traders are likely to stay selective, focusing on earnings-driven and event-based opportunities in the coming weeks.
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