Nifty 50 November F&O Series Review: Index Slips 0.20% as Top Gainers and Losers Shape Market Mood

The November F&O series ended on a quiet note for the Indian stock market.

The Nifty 50 November F&O series review shows the benchmark index slipping 0.20%, a small but telling decline. And even though the index touched a 52-week high of 26,246.65, it couldn’t hold on to those levels and eventually closed at 25,884.80 on expiry day.

It was one of those months where the market felt divided—steady on the surface, but struggling underneath.

Market Performance: A Month of Mixed Signals in the Indian Stock Market

The broader Indian stock market entered the month with a sense of stability.

Q2 earnings were steady. Large-cap valuations cooled. Hopes around progress on an India–US trade agreement created a soft undercurrent of optimism.

On a monthly scale, the Nifty 50 still ended over 1% higher in November, marking what looked like a continuation of its multi-month upward move.

But the derivatives series told a different story.

The index was caught between improving domestic cues and persistent global uncertainties.

Key Market Factors This Month

• Foreign portfolio outflows remained strong.
• Concerns over US tariffs stayed unresolved.
• No clear timeline on an India–US trade deal
• Heavy IPO activity drained liquidity from the secondary market.

The result?

A flat, almost directionless market through the November F&O cycle.

Even as domestic institutions bought consistently, it wasn’t enough to counter the steady selling pressure from global investors.

Main News: What Moved the Nifty 50 in the November F&O Series

Across the month, investors had to navigate a mix of positive and constraining forces.

Momentum had started picking up after decent Q2 results. Midway, sentiment strengthened further on expectations around trade talks. But the rally kept getting capped.

Two major factors weighed on the index:

1. Persistent Foreign Selling

Even with stable earnings, foreign investors continued booking profits.

Premium valuations in India made other emerging markets look more attractive, causing a shift away from domestic equities.

2. Liquidity Drain Due to IPO Frenzy

The market saw a flood of IPOs, and that pulled a large chunk of retail money away from listed stocks.

A big pool of investors—direct buyers as well as those investing through mutual funds—diverted money to primary market opportunities, tightening the liquidity available for regular equity buying.

With reduced inflows and heavy supply in the IPO space, the Nifty 50 struggled to hold on to its highs in the F&O series.

Another reason behind the index’s subdued performance was the limited participation of global tech leaders in the Indian market.

This year’s global rally was largely powered by companies benefiting from the AI wave, and the absence of a similar scale in India kept some large foreign allocations at bay.

Company Details: Nifty 50 Top Losers and Top Gainers in the November F&O Series

The month saw clear winners and losers within the Nifty 50, and the divergence was sharp.

Nifty 50 Top Losers in November

• Tata Motors PV: –14% (largest decline)
• Trent & Eternal: Down up to 10%
• Bajaj Finance, Grasim, Tata Steel: Over –8%
• Apollo Hospitals, Hindalco: –7%
• JSW Steel: –6%
• NTPC, Power Grid, Bajaj Finserv, Coal India: –5% each

The steep fall in Tata Motors' PV share price was the biggest drag within the index.

Nifty 50 Top Gainers in November

• Shriram Finance: +16%
• Asian Paints: +15%
• Adani Ports, SBI Life, HCL Technologies, Sun Pharma, SBI: +5% to +6%

The contrast between the top gainers and losers shows how uneven the performance was in this series.

Some stocks surged with double-digit gains, while others saw sizeable corrections.

Summary: Nifty 50 November F&O Series Ends Flat but Reveals Strong Internal Divergence

The Nifty 50 November F&O series review reveals a market caught between steady domestic fundamentals and heavy external pressures.

Here’s the month in a snapshot:

• Nifty 50 slipped 0.20% in the F&O series.
• Hit a 52-week high of 26,246.65 but closed at 25,884.80
• On a monthly basis, the index was still up over 1%
• Foreign selling, global uncertainties, and IPO-driven liquidity drain capped gains
• Tata Motors PV led the declines with a 14% fall.
• Shriram Finance and Asian Paints emerged as the strongest gainers.
• Market sentiment remained steady, but flows were challenged throughout the series.

The month ends with a market that held its ground on the surface but revealed deep sectoral and stock-wise contrasts beneath.