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Indian equity indices extend weekly gains as PSU banks lead sentiment

Indian markets advanced on November 17, supported by gains in PSU banks and steady institutional inflows, with Nifty closing at 25,910.
Indian equity benchmarks sustained upward momentum on November 17, with the Nifty closing at 25,910.05 and the Sensex ending at 84,562.78. The market tone remained constructive throughout the session, driven primarily by strong buying in PSU bank counters, which advanced 1.17 percent amid improving credit growth visibility and stable asset-quality projections. Broader indices also reflected positive breadth as institutions maintained steady inflows ahead of global macro data releases.
Market participants expect near term movement to be shaped by upcoming FOMC commentary, crude price trends, and foreign investor positioning.