Key indices
| Index/indicator | Close | Change | % change | Notes |
|---|---|---|---|---|
| S&P BSE Sensex | 85 632.68 | ▲ 446.21 pts | +0.52 % | Index touched an intraday high near 85 801 before easing slightly. Gains were driven by financials and large‑cap heavyweights. |
| NSE Nifty 50 | 26 192.15 | ▲ 139.50 pts | +0.54 % | Closed at its highest level since Sept 2024 and less than 100 pts from its all‑time high of 26 277. |
| Nifty Bank | 59 347.70 | ▲ 131.65 pts | +0.22 % | Hit a fresh high of 59 440.10 during the session but momentum slowed; RSI moved into overbought territory. |
| Nifty MidCap 100 | ~14 0xx pts | ~flat | ~+0.02 % | Broader mid‑cap index ended marginally higher. |
| Nifty SmallCap 100 | ~9 5xx pts | ↓ ~0.05 % | −0.05 % | Small‑cap index eased slightly, reflecting profit‑taking in high‑beta names. |
Note: approximate mid‑/small‑cap values are given because full figures were unavailable; direction of movement is accurate.
Sectoral performance
- Gainers: Auto, capital goods, oil & gas, private banking and energy indices rose roughly 0.2–0.6 %, helped by strong buying in large‑cap names. The Nifty Infrastructure index led sectoral gains (~+0.57 %).
- Laggards: Consumer durables, media, PSU bank and select realty stocks fell 0.3–1.5 %. The Nifty PSU Bank index was the worst performer, slipping around 0.9 %. Broader market indices were mixed as mid‑cap stocks inched up while small‑caps declined.
- Financials: Nifty Financial Services was the top gainer among sector indices. Strength in private banks and NBFCs supported the rally.
Key statistics
- Foreign institutional investors (FIIs) were net buyers in the preceding session (Nov 19), purchasing about ₹1 580 crore of equities. Domestic institutional investors (DIIs) also bought roughly ₹1 360 crore, providing additional support. Fresh FII flows on Nov 20 were not yet released but sentiment remained positive.
- More than 140 stocks on the BSE hit new 52‑week highs, while over 180 stocks touched 52‑week lows, reflecting divergent moves within the broader market.
- Put–Call Ratio (PCR) on index options remained above 1.4, indicating more put writing and a bullish undertone. Derivative analysts noted heavy put writing around 26 000 for Nifty and 59 000 for Bank Nifty, suggesting these levels as strong near‑term support.
Top gainers and losers (Nifty 50)
Top gainers
| Stock | Closing price (₹) | Change | % change |
|---|---|---|---|
| Eicher Motors | ~7 125.5 | ▲ ₹229 | +3.32 % |
| Bajaj Finserv | ~₹1 760 | ▲ around ₹45 | +2.6 % |
| Bajaj Finance | ~₹7 630 | ▲ around ₹190 | +2.5 % |
| Reliance Industries | ~₹3 064 | ▲ about ₹70 | +2.3 % |
| Tech Mahindra | ~₹1 375 | ▲ about ₹25 | +1.8 % |
Top losers
| Stock | Closing price (₹) | Change | % change |
|---|---|---|---|
| Asian Paints | ~₹2 859.8 | ▼ ₹33.90 | −1.17 % |
| HCL Technologies | ~₹1 439 | ▼ around ₹15 | −1 % |
| Titan Company | ~₹3 210 | ▼ around ₹30 | −0.9 % |
| Apollo Hospitals | ~₹5 375 | ▼ about ₹45 | −0.8 % |
| Tata Steel | ~₹130 | ▼ around ₹1 | −0.7 % |
Prices are rounded; percentage changes indicate approximate magnitude.
What moved the market
- India–US trade optimism: Comments from trade officials suggested progress on phase‑1 of a bilateral trade deal. Investors took this as a positive signal that tariff barriers on Indian goods might soon ease, boosting export‑oriented sectors.
- Global tech earnings: US chipmaker Nvidia reported blockbuster quarterly results and raised its sales outlook, igniting a rally in global technology stocks. This sentiment spilled over into Indian IT heavyweights (e.g., Tech Mahindra, Infosys), lifting the Nifty IT index.
- Fresh buying in financials: Private banks and NBFCs continued to draw inflows. Bajaj Finance, Bajaj Finserv and HDFC Bank rallied, helping the Sensex and Nifty overcome intraday profit‑taking.
- Sector rotation: Traders rotated into auto, infrastructure and energy names amid expectations of cap‑ex–led growth and stable crude oil prices. Meanwhile, defensives like consumer durables and PSU banks lagged as investors trimmed exposure following recent runs.
- Derivatives positioning: High PCR values and significant put writing at 26 000 (Nifty) and 59 000 (Bank Nifty) underscored strong support zones. Traders added long positions ahead of the monthly expiry, betting on further upside.
Global cues
- Asian markets: Major Asian indices closed strongly higher. Japan’s Nikkei 225 surged over 3.6 %, South Korea’s Kospi jumped 2.5 %, China’s CSI 300 and Hong Kong’s Hang Seng gained between 0.5 % and 0.7 %. Renewed risk appetite followed Nvidia’s earnings beat and China’s modest policy support.
- US markets: On Nov 19, the Dow Jones, S&P 500 and Nasdaq Composite advanced about 0.1–0.6 % on a rebound in technology shares. Investors remained focused on forthcoming US labour data and the Federal Reserve’s minutes, which highlighted a split among officials on inflation risks.
- Commodities and currency: Brent crude stayed around US$64 per barrel, underpinning oil & gas stocks. The Indian rupee strengthened slightly, hovering near ₹88.7 per US dollar.
Stocks to watch and corporate updates
| Company/event | Why it matters |
|---|---|
| NBCC (India) | Shares rose ~2.5 % after the company won orders worth ₹2 966 crore for a large infrastructure project. |
| Va Tech Wabag | Stock gained after winning an order from Melamchi Water Supply Development Board in Nepal; signals strong overseas momentum. |
| ACME Solar | Commissioned a second 16 MW phase of its 100 MW wind project in Gujarat, boosting sentiment in renewable‑energy plays. |
| Mahindra Holidays & Resorts | Shares gained ~2.7 % as the company announced plans to expand into the leisure hospitality segment, diversifying beyond its core timeshare business. |
| Infosys | Its ₹18 000‑crore share buyback opened on Nov 20, prompting buying in IT stocks. |
| MAN Industries (India) | Signed an MoU with Aramco Asia India to supply pipes for energy projects, signalling potential long‑term revenue visibility. |
| Blackstone–Casagrand deal | Blackstone and Casagrand Industrial & Warehousing agreed to invest about ₹700 crore to develop logistics parks in Chennai, highlighting continued interest in India’s industrial real‑estate sector. |
Outlook for 21 Nov 2025
Technical view and levels
- Nifty 50: The index formed a strong bullish candle on the daily chart. Analysts expect the upward bias to continue, with resistance zones at 26 350–26 500. Immediate support has shifted higher to 26 050–26 000; a break below this range could prompt a short‑term pullback.
- Nifty Bank: The index has rallied for four consecutive sessions and is near an all‑time high. Relative strength indicators are in overbought territory, so analysts advise caution. Key support levels lie at 59 000 (immediate) and 58 800 (positional). Resistance is seen at 59 500 and 60 000; fresh long positions are recommended only above 59 500 or on dips toward support levels.
- Sensex: Support is expected around 84 700–84 900; resistance lies in the 85 500–85 700 zone. Momentum remains constructive as long as the index holds above 84 700.
Expected market tone
The undertone is cautiously bullish. Strong global cues, progress on India–US trade talks, improved FII flows and leadership from financials suggest that indices could attempt to test new highs. However, markets are entering overbought territory, especially in banks, and traders may turn defensive ahead of US macro data (labour report, Fed minutes). Short‑term volatility cannot be ruled out; participants should monitor global markets and be prepared for profit‑taking if indices fail to sustain above support levels.
