TLDR
Market Recap: November 24, 2025
On November 24, Indian equities slipped on profit booking and mixed global cues. Sensex closed at 84,900.7 (-331 pts, -0.39%), Nifty 50 at 25,959.5 (-108.7 pts, -0.42%). Midcap and Smallcap 100 underperformed, and India VIX edged up, signaling slightly higher near-term caution. FIIs sold, DIIs broadly offset the outflows.
Key Drivers :
Flows: FIIs were net sellers, DIIs bought, keeping headline indices orderly despite weak breadth.
Global setup: Cautious tone ahead of key US data and Fed commentary capped risk appetite.
Sectors: Realty, metals, and consumer names lagged; select infra and PSU stocks outperformed on order news.
Today’s Top Stories:
TCS: US court keeps 194 million dollar damages in the DXC case, adding legal noise but not balance sheet stress.
Dilip Buildcon: Wins NALCO’s ₹5,000 crore Pottangi MDO mandate, boosting long-duration mining order visibility.
Tata Chemicals: Okays ₹910 crore expansion in soda ash and silica, but rich valuations cap share gains.
NBCC: Adds ₹116.95 crore of fresh PSU orders, supporting growth and lifting the stock.
Natco Pharma: The Manali API site receives seven USFDA observations, causing the stock to decline on regulatory concerns.
TOP STORIES
1. TCS hit with 194 million dollar US damages
Gemini-2.5
Financial impact: The US court upheld about 194 million dollars in trade secret damages in the DXC dispute.
Strategic view: Creates a legal overhang in the US, but is manageable versus TCS cash and earnings.
Stock move: Share slipped marginally, reflecting limited concern about balance sheet stress.
TCS faces 194 million dollar US damages in DXC case. How big is this risk?
2. Dilip Buildcon bags ₹5,000 crore NALCO MDO project
Gemini-2.5
Deal size: Named the lowest bidder for NALCO’s ₹5,000 crore Pottangi bauxite mine and conveyor project in Odisha.
Business impact: Deepens long tenure mining exposure and diversifies beyond roads into MDO contracts.
Stock move: Shares gained around 3 to 4 percent on stronger long-term order book visibility.
Dilip Buildcon wins NALCO 5,000 crore Pottangi mine MDO. How do you see it?
3. Tata Chemicals clears ₹910 crore capex
Gemini-2.5
Capex plan: Board approved ₹910 crore to expand soda ash at Mithapur and silica at Cuddalore.
Strategic logic: Positions the firm for demand in glass, detergents, and specialty silica for tyres and EVs.
Stock move: After an early pop, the stock ended slightly lower as investors weighed high valuations.
Tata Chemicals okays 910 crore soda ash and silica capex. Your view?
4. NBCC wins ₹116.95 crore in new government work
Gemini-2.5
Order details: Announced ₹116.95 crore of projects from NIEPMD, National Horticulture Board, and Canara Bank.
Business impact: Reinforces NBCC’s niche in government-led social and infrastructure projects with repeat clients.
Stock move: Shares rose about 3 to 4 percent, extending recent strength in PSU contractors.
NBCC adds 116.95 crore in new PSU orders. Is the PSU rally still attractive?
5. Natco Pharma gets seven USFDA observations
Gemini-2.5
Inspection outcome: USFDA issued seven Form 483 observations after inspecting the Manali API facility.
Regulatory impact: The Company calls them procedural, but remediation quality will decide any escalation risk.
Stock move: The Stock fell nearly 3 percent as the market priced in compliance overhang.
Natco Pharma gets seven USFDA observations at its Manali API plant. Your take?
GYAANI HOT TAKES
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