Benchmark indices Sensex and Nifty declined in early trade on Friday (November 21, 2025) after a two-day rally dragged by weak global market trends.

The 30-share BSE Sensex declined 285.28 points to 85,347.40 in opening trade. The 50-share NSE Nifty dipped 82.6 points to 26,109.55.

From the Sensex firms, ICICI Bank, Eternal, Adani Ports, Tata Steel, and Power Grid were among the major laggards.

However, Mahindra and Mahindra, Tata Motors Passenger Vehicles, Titan, and Asian Paints were among the gainers.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index were trading lower. Kospi traded over 3 per cent lower while Nikkei 225 index dropped more than 2%.

U.S. markets ended in negative territory on Thursday (November 20). The Nasdaq Composite tanked 2.15%, S&P 500 declined 1.56 per cent, and Dow Jones Industrial Average fell 0.84%.

“Market volatility has spiked. Nasdaq, the barometer of the AI trade, closed down 2.15% on November 20 crashing 4.4% from the intra-day peak. This kind of market movement is a signal of more volatility in store,” V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.

Foreign institutional investors (FIIs) bought equities worth ₹283.65 crore on Thursday (November 20), according to exchange data. Domestic institutional investors (DIIs) also bought stocks worth ₹824.46 crore.

Brent crude, the global oil benchmark, dropped 1.26% to $62.58 per barrel.

On Thursday (November 20, 2025), the Sensex jumped 446.21 points, or 0.52%, to settle at 85,632.68. During the day, it surged 615.23 points, or 0.72%, to hit a 52-week high of 85,801.70.

The Nifty also hit its 52-week high of 26,246.65 during the day before closing at 26,192.15, reflecting a gain of 139.50 points, or 0.54%.