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5 min read | Updated on November 28, 2025, 12:31 IST
SUMMARY
Mahindra & Mahindra was top gainer in the NIFTY50 index, the stock rose as much as 2.38% to hit an intraday high of ₹3,768.90 on the National Stock Exchange a day after it launched electric 7-seater sports utility vehicle (SUV) XEV 9S.

The SENSEX traded in a band of 392 points and NIFTY50 index touched an intraday high of 26,281 and a low of 26,172. Image: Shutterstock
The Indian equity benchmarks were trading in a narrow range in noon deals on Friday, November 28, as gains in Mahindra & Mahindra, Reliance Industries, State Bank of India, Kotak Mahindra Bank and Adani Ports were offset with losses in ICICI Bank, Bharti Airtel, Axis Bank, Infosys and Power Grid. The SENSEX was trading in a band of 392 points and NIFTY50 index touched an intraday high of 26,281 and a low of 26,172.
As of 12:10 pm, the SENSEX was up 89 points at 85,809 and NIFTY50 index advanced 19 points to 26,234.
Global investment bank Nomura maintained its positive stance on Mahindra & Mahindra. It said that Mahindra & Mahindra launched its much-anticipated 7-seater electric SUV, the XEV 9S surprising the market with an active introductory price of ₹19.95 lakh. The pricing comes in significantly lower than earlier expectations of ₹23–31 lakh, positioning the model as a highly competitive offering in India’s premium EV segment, Nomura added.
Built on M&M’s advanced INGLO platform, the XEV 9S is powered by the company’s intelligent MAIA technology suite, which enhances performance, connectivity, safety and user experience. The SUV packs a range of premium features, targeting both urban families and long-distance EV buyers looking for a spacious 7-seater alternative.
Trading volume in KSB shares jumped by 24 times to 18.24 lakh shares compared with an average trading volume of 75,842 shares.
As many as 87,000 shares changed hands on the BSE compared with an average of 3,813 shares traded daily in the past two weeks.
The new tariff, as per reports, will be effective January 1, 2026, against the company's request for January 1, 2025. The next tariff review will be done on April 1, 2028.
The development came after American home appliances major Whirlpool Corporation in January this year announced plans to trim its stake in its Indian arm, Whirlpool of India Ltd, to approximately 20% by mid- to late 2025.
The shares were disposed of at an average price of ₹1,044.97 apiece, taking the deal value to ₹1,489.60 crore.
On the BSE, the scrip started trading at ₹733.95, up 23.77% from the IPO issue price.
In a regulatory filing, the bank said the proposal was cleared at its board meeting held during the day.
It will separately go for the auction route to sell its written-off loan portfolio, which has a principal outstanding of ₹3,719.14 crore as of the same date.
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