SENSEX, NIFTY50 trade lower; WeWork India, Paytm, Groww, Bombay Burmah among buzzing stocks

The Indian equity benchmarks were trading lower in afternoon deals on Tuesday, November 18, dragged down by losses Infosys, Larsen & Toubro, ICICI Bank, HDFC Bank, Bajaj Finance and Mahindra & Mahindra. The SENSEX fell as much as 393 points and NIFTY50 index touched an intraday low of 25,877.10 and high of 26,029.85.

As of 12:41 pm, markets staged a partial recovery with SENSEX down 181 points at 84,770 and NIFTY50 index falling 73 points to 25,940.

Trading volume in the stock spiked by 20 times to 15.95 lakh shares compared with an average trading volume of 80,396 shares.

On the BSE, 1.05 lakh shares changed hands compared with an average of 20,790 shares traded daily in the past two weeks.

India’s flexible workspace market is entering a high-growth phase, and WeWork India is positioned firmly at the forefront, Jefferies said in a note. Already the largest flexible workspace operator in the country by revenues, WeWork India is expected to ride the sector’s rapid expansion over the next few years.

Industry data shows that flexible workspace stock is growing at a robust 17% CAGR, nearly twice the growth rate of traditional office stock, highlighting the structural shift toward hybrid and flexible office solutions. Despite already significant adoption in major metros, analysts at Jefferies see ample room for deeper penetration, driven by evolving corporate preferences, cost optimisation needs and the rise of distributed teams.

A total of 1.32 crore shares, representing 2.07% of the company’s equity, changed hands in a block deal at ₹1,307 per share, valuing the transaction at approximately ₹1,722 crore.

According to news reports, the transaction was estimated to be worth up to ₹1,639.7 crore, based on the floor price and the indicated share quantity.

Shares of the company rose as much as 11.37% to hit an intraday high of ₹193.80. The stock has nearly doubled from its IPO price of ₹100.

In its filing to stock exchanges, Groww said that a meeting of the Board of Directors of the company is scheduled to be held on Friday, November 21, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and half year ended September 30, 2025.

The stock listed at ₹145 apiece on the National Stock Exchange (NSE), reflecting a premium of 33.03% over the IPO issue price of ₹109 per share. It started trading at ₹143.90 apiece on the BSE, up 32.02% from the issue price.

SBI also wants the inclusion of green finance in the priority sector lending mandate, but the RBI and the government are averse to the idea because of the crowding-out effects on other aspects, Tewari said.

In finance and banking, crowding-out effects refer to situations where government borrowing or intervention reduces the amount of funds available for private sector borrowing or investment.

Earlier, reports said that Bain Capital via BC Asia was likely to sell a 2% stake in the pharma company via block deals. According to reports, the indicative floor price was fixed at ₹1,296.51 per share, a discount of nearly 7% from the last traded price.