NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on November 24

The Indian equity markets are set to open higher on Monday, November 24, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad fell 86 points to 26,163 amid positive cues from Asian markets.

The Indian equity benchmarks snapped their two-day winning streak on account of profit booking on Friday amid weak global markets. The SENSEX fell as much as 445 points and NIFTY50 index touched an intraday low of 26,052 dragged down by losses in index heavyweights like HDFC Bank, ICICI Bank, Bajaj Finance, HCL Technologies and State Bank of India.

Asian markets

Asian markets were trading higher as investors' sentiment improved on expectations of a rate cut by the US Federal Reserve and reports that US government may allow Nvidia to sell AI chips to China.

South Korea's KOSPI surged 1.34%, Hong Kong's Hang Seng advanced 1.61%, Taiwan Weighted rose 0.46% and Singapore's Straits Times advanced 0.3%.

Wall Street update

US markets ended higher on Friday on rising expectations of a rate cut by the Fed in its December meeting. The S&P 500 rose 0.98%, Dow Jones Industrial Average climbed 1.08% and tech heavy Nasdaq rose 0.88%.

FII/DII activity

Foreign institutional investors sold shares worth ₹1,766 crore on Friday while domestic institutional investors bought shares worth ₹3,162 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹3,788 crore and for the calendar year they have been net sellers to the tune of ₹1,43,698 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

At the same time, Tata Motors Passenger Vehicles Ltd will be dropped from the index, it added.

The changes have been announced by BSE Index Services Pvt Ltd (formerly Asia Index Pvt Ltd) as a part of the reconstitution of its indices, effective at the market open on Monday, December 22.

The board, on the occasion of the bank’s 40th foundation day, has approved the subdivision of one existing equity share of the bank having a face value of ₹5 each into equity shares having a face value of ₹1 each, fully paid up, Kotak Mahindra Bank said in a regulatory filing.

This move aims to make Kotak’s equity shares more affordable and enhance liquidity, thereby encouraging wider market participation, particularly among retail investors, it added.

The stock split is subject to regulatory and statutory approvals, it said.

The company will add 54,000 MTPA of new capacity at the plant, bringing its global packaging film capacity to 690,160 MTPA, up from 636,160 MTPA.

"We plan to invest over ₹700 crore to expand our packaging film manufacturing line in Dharwad, Karnataka. This project will add 54,000 MTPA of new capacity, significantly strengthening our portfolio and enhancing our ability to serve customers with scalable, high-quality packaging solutions," UFlex Ltd Group president and CFO, Rajesh Bhatia, told PTI in an e-mailed interview.

The Hyderabad-based drug major remains confident about sustaining its growth momentum and driving value creation across all businesses, he said.

"China (plant), as of date in the quarter, I will be incurring a loss of around maybe a million dollars, but, probably, we will be able to achieve the break-even between Q3 and Q4, and after that, China will start moving up in the overall contributing to the growth of the EBITDA growth," Subramanian said in an analyst call.

AdaniConneX (ACX), a joint venture of Adani Group flagship firm Adani Enterprises Ltd (AEL) and data centre operator EdgeConneX, has executed a share purchase agreement (SPA) on November 21, 2025, with Trade Castle Tech Park (TCTPPL) and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire a 100% stake in TCTPPL, AEL said in a stock exchange filing.

Rupee hit s record low

The rupee plunged 98 paise to close at its lifetime low of 89.66 against the US dollar on Friday, due to a huge demand for the greenback in the domestic forex market amid widespread selling pressure in local and global equities and trade-related uncertainties.

Concerns over a possible bubble building around artificial-intelligence technology stocks also spooked investor sentiments, forex traders said.