Mumbai, Nov 25: Indian stock markets ended in the red on Tuesday as traders reacted to the monthly expiry of Nifty futures and options contracts for the November series.

The Sensex closed 313.7 points lower at 84,587.01, a decline of 0.37 per cent. The Nifty also slipped, ending 74.7 points or 0.29 per cent down at 25,884.8.

“On the Nifty options front for the upcoming weekly expiry on December 2, significant call buildup was recorded at the 26,000 and 26,200 strike levels, while on the put side, notable additions were seen at the 26,000 and 25,500,” experts said.

Among key stocks on the Sensex, Trent, Tata Motors PV, HCLTech, Infosys and Power Grid were the top losers.

On the other hand, Bharat Electronics Ltd (BEL), State Bank of India (SBI), Tata Steel and Eternal were among the major gainers.

Sector performance was mixed. The Nifty Realty index gained 1.62 per cent, making it the best-performing sector of the day, while Nifty PSU Bank rose 1.44 per cent.

However, Nifty IT fell 0.57 per cent and Nifty Media dropped 0.80 per cent.

Broader markets were more resilient than the frontline indices. The Nifty Midcap 100 index gained 0.36 per cent, while the Nifty Smallcap 100 added 0.19 per cent — showing continued buying interest in mid- and small-cap stocks.

Market experts said the expiry-related volatility and profit booking weighed on benchmarks, while select sectors continued to see fresh inflows ahead of December trading sessions.

“Caution prevailed as investors awaited clarity on a possible rate cut in the upcoming FOMC meeting and progress on the Indo-US trade deal, despite some improving signals,” analysts said.

They added that selling pressure is visible near the 26,000 level, though downside appears limited given strong domestic fundamentals, including a solid earnings outlook for H2.

“PSU banks and real estate stocks outperformed, supported by a strong revival in home loan demand and rising market share for PSU banks,” analysts mentioned.

Kolkata, Nov 25: The Election Commission of India (ECI) had forwarded a letter to West Bengal Chief Minister and Trinamool Congress Chairperson, Mamata Banerjee, giving nod for a meeting with a party delegation to discuss various issues, including the ongoing Special Intensive Revision (SIR) by the commission in the state.

The letter from ECI’s Secretary Ashwani Kumar Mohal was addressed to Banerjee as the party chief and was dispatched to her official residence at Harish Chatterjee Street in south Kolkata.

In the letter, the commission has fixed 11 a.m. on November 28 as the time and date of the meeting with the Trinamool delegation. The letter from the commission was a reply to an earlier letter from the leader of Trinamool’s Parliamentary Party in the Rajya Sabha, Derek O’Brien, requesting a meeting of the party delegation with the top ECI officials.

In the letter, the ECI Secretary had categorically stated that the commission always welcomes regular interaction with the political parties for a constructive dialogue.

“Accordingly, the Commission has considered the party’s request and decided to give an appointment to the delegation of All India Trinamool Congress, comprising of the Authorised Representative of the Party along with four other members of the party, for a meeting at 11:00 AM on 28.11.2025 (Friday) at Nirvachan Sadan, Ashoka Road, New Delhi,” the letter read.

Incidentally, on Monday, the Chief Minister wrote to Chief Election Commissioner Gyanesh Kumar objecting to two recent proposals from the ECI– one concerning the separate appointment of data-entry operators for the ongoing SIR in the state, and the other relating to the choice of polling stations for the Assembly elections scheduled next year.

BJP’s Information Technology Cell chief and the party’s central observer for West Bengal, Amit Malviya reacted to the letter from the Chief Minister to CEC claiming that ECI’s proposal for hiring data entry operators and software developers for a period of one year amid the ongoing SIR in West Bengal was not exclusive to the state but is being followed in all states and Union Territories where a similar revision exercise is currently underway

Davanagere (Karnataka), Nov 25: In a development raising serious concerns, two Karnataka Police Sub-Inspectors are among the four persons arrested in connection with a gold robbery case in the state’s Davanagere district on Tuesday.

The incident was reported from the KTJ Nagar police station limits in Davanagere city.

The arrested police officers have been identified as Malappa Chippalakatti and Praveen Kumar, both of whom were serving at the IGP’s office. The other two accused, Sathish Revanakar and Nagaraj Revanakar, worked as assistants at a gold shop in Davanagere city.

The arrests were made based on a complaint filed by Vishwanath Arkasali, a gold businessman from Karwar.

According to police, Vishwanath, who buys gold from merchants in Davanagere and makes jewellery for them, had arrived at the Davanagere bus stop carrying 80 grams of gold. He had purchased gold and rings on Monday and was travelling from the Davangere bus stand to Hubballi around midnight, and was later scheduled to proceed to Karwar as part of his business routine.

However, after receiving information from the other accused, the sub-inspectors, allegedly posing as members of the IG Squad, reportedly showed their police identity cards, grabbed him by the collar, pulled him down, threatened him with a fake gun, and took him away in a car. They drove near the KTJ Nagar police station but did not go inside. Instead, they snatched the gold from the victim, dropped him near the Davanagere bus stop and fled.

Following the complaint, KTJ Nagar police took the matter seriously as policemen were involved in the crime. They investigated the case, identified the accused and arrested them. All four have been sent to judicial custody, and police have seized the car used in the offence. Further investigation is underway.

Earlier, the role of a serving police constable, believed to be the key planner of the Rs 7.11 crore daring daylight robbery, had come out in the open from Bengaluru. The accused, Annappa Naik of the Govindapura police station, was arrested along with Xavier, a former employee of Cash Management Services (CMS). According to investigators, the pair had meticulously prepared for the robbery for over six months after Xavier left the company.

Karnataka Home Minister G. Parameshwara had warned that any police personnel involved in criminal activities would be dismissed from service without mercy. He also stated that he had instructed senior officers to maintain strict vigilance in this regard.