Nifty Indices Extend Losses: PSU Bank Down 1%, IT Drops 1.6%, Smallcap 100 Sheds 1.3%

Key Highlights

Nifty PSU Bank index down 1%, pressured by weak banking sector stocks

Nifty IT index declines 1.6%, dragged by tech heavyweight sell-offs

Nifty Smallcap 100 index sheds 1.3% amid broader market weakness

Nifty 50 extends losses to 0.71%, continuing recent downtrend

Market impacted by global tech sell-offs and domestic economic uncertainties

Investors await upcoming corporate earnings and macroeconomic data

Detailed Report

India’s stock markets faced sustained selling pressure on November 7, 2025, with significant indices trending lower in early trade. The Nifty PSU Bank index fell by 1%, weighed down by declines in several public sector banks amid ongoing stress in the banking sector and cautious lending outlook. Concurrently, the Nifty IT index tumbled 1.6%, with major IT stocks including Infosys, TCS, and HCL Technologies experiencing profit booking on concerns of weak global demand and tariff tensions.

The Nifty Smallcap 100 reflected broader market jitters, down 1.3%, signaling risk-averse sentiment among investors towards small and mid-cap stocks. The large-cap Nifty 50 index extended losses to 0.71%, following a series of choppy sessions amid global tech sell-offs and apprehensions over domestic economic data.

Market participants remain on edge, monitoring upcoming key quarterly earnings and indicators that could influence near-term trends. Volatility is expected to persist as investors weigh sectoral performance against macroeconomic uncertainties.

Sources: Business Standard, Moneycontrol, NDTV Profit