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India’s stock market splits in November as large caps rise and small caps tumble

Big stocks thrived, but smaller ones struggled last month. Discover which sectors defied the downturn—and why investors remain cautiously optimistic.

This is a presentation and here we can see vehicles on the road and we can see some text written.
This is a presentation and here we can see vehicles on the road and we can see some text written.

India’s stock market splits in November as large caps rise and small caps tumble

Indian stock markets showed mixed trends in November 2025, with large-cap indices leading gains while smaller stocks faced declines. The Nifty 50 emerged as the top performer for the month, rising by 1.87 per cent. Meanwhile, broader indices like the Nifty Microcap 250 and Smallcap 250 struggled, dropping by 2.83 per cent and 3.36 per cent respectively.

Among sectoral performances, the IT and auto industries stood out. The IT sector grew by 4.74 per cent in November, supported by strong corporate results. Ciena Corporation reported a revenue jump to $1.352 billion for Q4 2025, up from $1.124 billion the previous year.

November’s market movements highlighted a clear divide between large-cap resilience and small-cap volatility. The Nifty 50 and defence sector maintained their strong yearly performance, while IT and auto stocks drove sectoral gains. The mixed results across indices suggest cautious optimism for large and mid-sized firms, with smaller stocks facing ongoing pressure.

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