Indian Markets Show Resilience Amidst Global Cues
Indian equity markets demonstrated positive momentum on November 11, 2025. Both the Sensex and Nifty, after experiencing early dips, rebounded to close higher, driven primarily by strong performance in IT and auto stocks. The Sensex gained 336 points (0.4%) to close at 83,871, while the Nifty advanced 121 points (0.47%) to settle at 25,695. Broader market indices at the Bombay Stock Exchange (BSE) showed mixed results, with the Mid-Cap index gaining 0.2% and the Small-Cap index dipping around 0.1%. Early indicators for November 12, 2025, suggest a higher opening for Indian markets, with GIFT Nifty futures trading up by 167 points.
Robust Growth in Tax Collections
India's net direct tax collections have shown a healthy increase, rising 7% to over ā¹12.92 lakh crore in the current fiscal year (FY26) so far. This growth is attributed to strong corporate and personal tax contributions. Additionally, Goods and Services Tax (GST) collections also saw a notable increase, rising 4.6% to ā¹1.96 lakh crore in October. Finance Minister Nirmala Sitharaman stated that next-generation GST reforms have led to growth in sales across sectors.
RBI Emphasizes Regulatory Collaboration and Rupee Internationalization
The Reserve Bank of India (RBI) Deputy Governor Swaminathan J. stressed the importance of collaboration among regulators to minimize "harmful overlaps" and address regulatory gaps without hindering innovation. This call for a balanced approach to regulation aims to ensure financial stability and foster innovation in a complex business environment. In a move to bolster regional financial integration and currency stability, the RBI also amended foreign exchange regulations to permit rupee-denominated lending to neighboring countries.
Trade Deals and Economic Policy Developments
Discussions regarding trade relations between India and the United States continue, with former US President Donald Trump announcing plans to lower tariffs on India as part of ongoing efforts to forge a "fair deal." The proposed bilateral trade agreement aims to more than double trade to $500 billion by 2030, from the current $191 billion. However, Commerce and Industry Minister Piyush Goyal reiterated India's firm stance on protecting the interests of its farmers, dairy sector, and workers in any trade deal.
Unemployment Rate Declines, Economic Resilience Noted
India's unemployment rate saw a decline to 5.2% in the July-September quarter, with a notable rise in rural employment. This indicates some improvement in the job market, particularly in rural areas. A November 2025 report by Dun & Bradstreet highlighted India's macroeconomic resilience amidst global policy uncertainty, citing moderating industrial growth (IIP around 3.5%), disinflationary trends (CPI around 0.6%, WPI around -1.0%), stable sovereign yields, and a neutral monetary stance with the repo rate at 5.5%.
Impact of Extreme Weather Events
A new Climate Risk Index (CRI) 2026 report by Germanwatch revealed that India was the ninth most affected country by extreme weather events between 1995 and 2024. Over this period, India faced approximately 430 extreme weather events, including floods, landslides, heat waves, cyclones, and droughts, resulting in inflation-adjusted losses of around $170 billion and affecting over a billion people.
Corporate and Market Listings
In corporate news, Adani Enterprises announced plans to raise Rs 25,000 crore through a rights issue. Additionally, Tata Trusts inducted Neville Tata and Bhaskar Bhat as new trustees. On the market listings front, the shares of discount broker Groww and Tata Motors' commercial vehicle (CV) arm are slated to list on the bourses on November 12, 2025.