NewsMarketsMarket Wrap: Nifty and Sensex Close in Red as Tata Motors Faces Cyber Incident ImpactMarket Wrap: Nifty and Sensex Close in Red as Tata Motors Faces Cyber Incident Impact
Indian stock markets closed negative on November 21, with Nifty 50 at 26,192.15 (-0.50%) and BSE Sensex at 85,632.68 (-0.49%). Market breadth was bearish, with 3,152 declining stocks out of 4,557 traded. Tata Motors faced losses due to a cyber incident at JLR, while Exide Industries saw revenue decline. Inox Wind reported strong quarterly results, and Speciality Restaurants expanded into UAE.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a negative note on November 21, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, ending in the red. The overall market sentiment remained bearish, with more stocks declining than advancing.
Key Market Indicators
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 26,192.15 | -129.95 | -0.50 |
| BSE Sensex | 85,632.68 | -418.01 | -0.49 |
Market Breadth
The market breadth was significantly negative, indicating a bearish trend:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,557 |
| Positive | 1,405 |
| Negative | 3,152 |
Buzzing Stocks
Tata Motors
- Tata Motors Passenger Vehicles Limited reported a consolidated PBT loss of Rs 5,500 Cr for Q2 FY26.
- The loss was primarily due to a cyber incident at Jaguar Land Rover, which shut down production for the entire month of September.
- This resulted in a 24% revenue drop for the company.
- However, the India passenger vehicle business showed recovery with 15% revenue growth and 10% volume increase.
- JLR expects an EBIT margin of 0-2% for the full year with free cash flow between negative GBP 2.2-2.5 billion.
Exide Industries
- Exide Industries experienced a 2.1% decline in Q2 FY26 revenue.
- The decline was attributed to distributor destocking following GST rate cuts on batteries from 28% to 18%.
- This led to production cuts and margin pressure from input cost inflation.
- The company's lithium-ion cell manufacturing project is nearing completion with INR 3,947 crores invested to date.
- Production is targeted to start by the end of FY26.
- Life Insurance Corporation of India acquired 262,000 shares of Exide Industries, increasing its shareholding from 4.992% to 5.023%.
Speciality Restaurants
- Formed a new fully-owned subsidiary, Speciality Restaurants L.L.C-FZ, in Dubai, UAE for investment purposes.
- Acquired full ownership of the subsidiary for AED 100,000, marking its expansion into the UAE market.
- NCLT Kolkata issued final orders approving Speciality Restaurants' corporate scheme.
Inox Wind
- Delivered record quarterly results with revenue of Rs 1,162 crores (up 56% YOY).
- Executed 202 MW in Q2, taking H1 execution to 350 MW against full-year target of 1,200 MW.
- Maintains execution guidance with 3+ GW tender pipeline.
- Subsidiary Inox Green expanded its O&M portfolio to 12.5 GW.
Conclusion
The Indian stock markets ended the day on a negative note, with both Nifty 50 and BSE Sensex closing lower. The market breadth was significantly bearish, with more stocks declining than advancing. Key stocks like Tata Motors faced challenges due to cyber incidents, while others like Inox Wind reported strong quarterly results. Investors should continue to monitor these developments and their potential impact on the market in the coming days.
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