Indian stocks rise on improving earnings outlook; mid-caps hit record high, financials gain

Nov 17, 2025, 11:54 GMT+7
By Bharath Rajeswaran
Reuters - India's equity benchmarks edged higher on Monday, while the broader mid-caps hit a record high, supported by an improving earnings outlook, though a slide in Tata Motors Passenger Vehicleson subdued margin forecast tempered gains.
The Nifty 50rose 0.14% to 25,946.35, while the BSE Sensexgained 0.2% to 84,736.06 as of 10:14 a.m. IST.
Thirteen of the 16 major sectors advanced. Broader small-capsrose 0.6% while mid-caps (.NIFDMCP100) climbed as much as 0.69% to a fresh record high.
"The quarterly earnings season has concluded on a healthy note, with mid-caps outperforming large-caps and small-caps," said analysts at Motilal Oswal Financial Services on Monday.
The large-cap Nifty 50 is currently trading about 1.2% below the all-time high level of 26,277.37, touched in September 2024, while small-caps are 0.7% below their record high levels.
"For the second half of fiscal year 2026, we expect overall earnings to improve further, helped by a cavalry of measures by the government to boost consumption and reset the trajectory of earnings." the Motilal Oswal analysts added.
Financialsrose 0.4%, while gauges for banksand private-sector banks (.NIFPVT) gained 0.7%. State-owned lendersjumped 1.5%.
The gains come after the Reserve Bank of India opened a special window for export-oriented industries, allowing eligible borrowers to avail a moratorium on payment of all installments due between September 1 and December 31, 2025.
"While the measures allayed concerns on export-related sectors, they could also benefit lenders," analysts at ICICI Securities Jai Prakash Mundhra and Hardik Shah, said in a note.
Asian markets were muted after Japan's economy contracted for the first time in six quarters, while fading expectations of an imminent U.S. rate cut also weighed on sentiment.
Hero MotoCorpgained 3.3% as multiple brokerages raised their price target citing strong performance in the September quarter.
Tata Motors Passenger Vehicles fell 4% after the company cut its fiscal year 2026 margin forecast for Jaguar Land Rover.

Sumber : Reuters