Stock Market Live Updates: Sensex, Nifty Open Lower; GAIL Slips 5%

The Indian stock market commenced trading on a weak note today, November 28, 2025, with both the Sensex and Nifty indices opening in the red. The early morning dip reflects a cautious sentiment among investors amidst mixed global cues.

At approximately 9:22 AM IST, the Sensex was trading lower, and the Nifty mirrored this trend. In the broader market, the Nifty MidCap index experienced a decline of 0.18%, while the Nifty SmallCap index dropped 0.23%.

Among the specific stocks, GAIL (India) Ltd. saw a significant slip of 5% in early trading. According to Upstox, GAIL shares fell because the PNGRB (Petroleum and Natural Gas Regulatory Board) hiked pipeline tariff but less than requested. Ashoka Buildcon also experienced a decline.

On the other hand, some stocks in the Nifty pack bucked the trend and recorded gains. TCS, Asian Paints and NTPC were among the major gainers in the Nifty Pack. Conversely, Hindalco, Shriram Finance, Tata Steel and ICICI Bank were among the losers.

The sectoral performance on the NSE (National Stock Exchange) was largely negative, with most indices trading in the red. The exception was the Nifty Auto index, which showed a gain of 0.30%. Nifty Metal was the biggest loser, down 0.79%.

The overall subdued opening in the Indian market is influenced by global factors. Most major Asia-Pacific markets also experienced declines in early trading. This was attributed to US AI and tech stocks shedding value and investors paring back expectations of a December rate cut by the Federal Reserve. Overnight, US markets closed in the red, with the Nasdaq, S&P 500, and Dow Jones Industrial Average all declining.

In other Asian markets, China's Shanghai and Shenzhen indices, Japan's Nikkei, Hong Kong's Hang Seng Index, and South Korea's Kospi all saw declines.

Market volatility has seemingly increased, with the tech-heavy Nasdaq showing significant intraday swings.

On the investment front, the previous day saw foreign institutional investors (FIIs) selling equities worth Rs 284 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 824 crore.

In related news, there are expectations of a December Federal Reserve rate cut. Separately, the government is pushing for land reforms to ease manufacturing growth.

[Editorial Note: This report is based on market activity as of 9:22 AM IST and is subject to change.]