Indian shares see profit booking near record highs; metals drag

Nov 21, 2025, 13:37 GMT+7
Reuters - India's equity benchmarks Niftyand Sensex, trading near record high levels, decline 0.3% each on broad-based profit booking
** Other Asian stocksdip 2.3% after U.S. jobs data showed acceleration in jobs growth in September, dampening hopes of a December Federal Reserve rate cut
** Fifteen of 16 major sectors log losses
** Metalsdrop 1.5%, dragged by Hindalcoafter a fire at its' unit Novelis' aluminium plant in New York
** Other metal stocks also fall after government extends exemption from mandatory quality control orders for select steel grades
** Extension is negative for domestic steel makers, as it keeps import channels open for certain grades, putting pressure on domestic steel prices, says ICICI Direct
** Broader small-caps and mid-capsfall about 0.8% each
** Analysts still expect India's blue-chips to hit record high levels in the next few sessions after temporary profit-booking, due to improving earnings outlook and stable flows
** Bucking the trend, Mahindra & Mahindra rises 1.3% after unveiling ambitious growth targets

Sumber : Reuters