The Indian stock market reversed much of its recent rally on November 21, 2025, with the Nifty 50 shedding 124 points (0.47%) to end at 26,068.15. Broad-based declines marked the session, with powerful profit-booking witnessed across financials, banks, and major sectoral indices. Still, a handful of midcap and smallcap stocks managed to deliver solid gains amid the bearish tide.
Nifty 50 opened at 26,109.55, reached an intraday high of 26,179.20, and closed just above its low at 26,052.20. The Nifty Next 50 , Nifty Financial Services , and Nifty Bank all posted steeper losses, indicating broad-based weakness across market segments.
Leading Gainers:
Some countercyclical midcaps managed to clock double-digit rally even in a falling market:
APEX led the gainers, soaring 20% to ₹332.28 on active turnover and large volumes.
ASTEC moved up 12.42% to ₹825.20 with one of the top turnovers of the day at ₹1,444.95 crores.
MCLOUD climbed 11.73% to ₹59.80 with 1,356 lakh shares changing hands.
NINSYS rose by 11.58% to ₹448.00.
DEVX gained 10.64% to ₹46.80.
Strong fund flows and interest in niche growth stories kept these stocks resilient.
Major Losers:
Major profit-taking, especially in recent outperformers, led to sharp single-day falls:
SPECTRUM tanked 11.02% to ₹1,159.90.
SHYAMCEMT fell 9.14% to ₹4.97.
BANCOINDIA slid 8.66% to ₹707.00.
PWL dropped 7.98% to ₹130.60 with massive volumes of 1,623 lakh shares and a turnover of ₹2,284 crores.
JPPOWER retreated 7.86% to ₹19.94, as it led trading activity with nearly 2,798 lakh shares.
Active profit-booking in these names reflected traders locking in gains after sharp previous rallies.
Conclusion: November 21, 2025
The decline in Nifty 50 on November 21, 2025, underscores a shift to risk-off mode after an extended rally, while select midcaps like APEX and ASTEC showed that focused opportunities remain in a volatile market. Heavy trading volumes highlighted ongoing market participation even as benchmarks moved lower, setting the tone for increased volatility in upcoming sessions.