At 13:30 IST, the barometer index, the S&P BSE Sensex shed 87.76 points or 0.10% to 85,618.91. The Nifty 50 index lost 27.70 points or 0.10% to 26,176.55.

The Nifty 50 and the Sensex hit fresh all-time highs in early trade at 26,325.80 and 86,026.18, respectively, while the Bank Nifty also scaled a new record high of 60,114.30.

In the broader market, the S&P BSE Mid-Cap index shed 0.27% and the S&P BSE Small-Cap index rose 0.10%.

The market breadth was negative. On the BSE, 1,780 shares rose and 2,309 shares fell. A total of 244 shares were unchanged.

Gainers & Losers:

Eicher Motors (up 1.23%), Kotak Mahindra Bank (up 1.20%), Tata Motors Passenger Vehicles (up 1.12%), Bharat Electronics (up 0.87%) and Adani Ports and Special Economic Zone (up 0.79%) were the major Nifty50 gainers.

InterGlobe Aviation (down 1.76%), Sun Pharmaceutical Industries (down 1.42%), Bajaj Finance (down 1.20%), Titan Company (down 0.89%) and Tata Consumer Products (down 0.80%) were the major Nifty50 losers.

Economy: The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 56.6 in November, comfortably above the neutral mark of 50.0 and its long-run average of 54.2. Falling from 59.2 in October, however, the latest figure highlighted the slowest improvement in operating conditions since February. A softer rise in sales restricted growth of buying volumes and job creation, while positive sentiment towards output prospects slipped to its lowest level since mid-2022.

Stocks in Spotlight:

V.S.T Tillers Tractors rallied 3.61% after the company reported total Power Tiller and Tractor sales of 5,166 units in November 2025, a sharp 129% YoY jump from the 2,251 units sold in November 2024.

Ashok Leyland rose 0.70%. The company reported a 29% increase in total commercial vehicle sales to 18,272 units in November 2025, up from 14,137 units sold in November 2024.

SML Mahindra hit the 5% upper circuit after the company reported a robust 102% year-on-year (YoY) increase in total sales to 1,087 units in November 2025, compared with 539 units sold in the same month last year.

Bajaj Auto added 0.24%. The company reported 8% increase in total auto sales for November 2025, selling 4.53 lakh units as against 4.21 lakh units sold in November 2024.

Glenmark Pharmaceuticals shed 0.34%. The company announced that the U.S. Food and Drug Administration (USFDA) has successfully concluded its pre-approval inspection at the company's formulations manufacturing facility in Chhatrapati Sambhajinagar with zero 483 observations.

Lenskart Solutions jumped 6.57% after posting strong Q2 numbers. On a consolidated basis, revenue for the quarter stood at Rs 2,096.1 crore, rising 20.8% year-on-year (YoY). Profit after tax (PAT) came in at Rs 103.5 crore, up 19.9% YoY, while the PAT margin moderated slightly by 4 bps to 4.94%.

R P P Infra Projects rallied 3.46% after the company announced that it has received a Letter of Acceptance worth Rs 69.36 crore from the Office of the Superintending Engineer, Chennai Circle, Anna Salai, for a new road development project.

Godrej Properties shed 0.83%. The company said that it has emerged as the highest bidder for nearly 5-acre land parcel that is based in Neopolis, Kokapet, Hyderabad.

Global Markets:

European shares declined as investors await updates on Ukraine peace talks, with U.S. envoy Steve Witkoff set to meet President Putin and Kremlin officials this week.

Most of the Asian market advanced on Monday despite China's latest manufacturing PMI data declined to 49.9.

China's factory activity unexpectedly contracted in November, according to a private survey released Monday, as soft domestic demand continued to cast a pall over the world's second-largest economy.

The RatingDog China General Manufacturing PMI, conducted by S&P Global, dropped to 49.9 in November, from 50.6 in October and 51.2 in September. A reading above the 50 benchmark level suggests an expansion, while one below that indicates contraction.

However, the official data released on Sunday showed that China's factory activity had improved slightly in November but remained stuck in contraction for the eighth consecutive month, while services weakened as the boost from earlier holidays faded.

The manufacturing purchasing managers' index rose to 49.2, up 0.2 points from October, the National Bureau of Statistics said.

On Friday stateside, Wall Street came back from the Thanksgiving holiday for a shortened trading session. The Nasdaq Composite advanced 0.65% to end the day at 23,365.69, scoring its fifth straight day of gains.

Meanwhile, the S&P 500 gained 0.54% to settle at 6,849.09. The Dow Jones Industrial Average grew 289.30 points, or 0.61%, to finish at 47,716.42.

Traders have begun raising their expectations for lower rates since New York Fed President John Williams said last week that there was room for 'a further adjustment in the near term to the target range for the federal funds rate.'

A quarter percentage point cut from the Fed in December would mark the central bank's third in a row after its September and October meetings.

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