| Index | Close | Change (pts) | % Chg | Comment |
|---|---|---|---|---|
| Nifty 50 | 26,013.45 | +103.40 | +0.40% | Back above 26k; 6th straight up day |
| Sensex | 84,950.95 | +388.0 | +0.46% | Near record zone, financials led |
| Nifty Bank | 58,942.60 | ~+0.7% | +0.70% | Hit a fresh record high |
| Nifty Financial Svcs | 27,491.85 | +0.35% | +0.35% | 14/20 constituents in green |
(Charts: Sensex & Nifty intraday / recent trend)
Sectoral performance (NSE / BSE broad view)
Broadly:
- Financials / Banks
- Financials index +0.4–0.6%; Nifty Bank +0.7% to record high.
- PSU banks (Canara Bank, PNB, SBI, etc.) outperformed private banks.
- Autos
- Mixed:
- Tata Motors PV down ~4.7% after JLR margin guidance cut.
- Hero MotoCorp, Maruti, M&M gained ~1–3% on positive earnings and upgrades.
- Mixed:
- IT & Tech
- Largely flat to mildly negative, tracking global tech volatility and recent profit-taking.
- Metals / Commodities
- Range-bound; sentiment cautious given China data and global growth worries.
- Defensives (FMCG, Pharma)
- Mostly sideways to mildly positive, some stock-specific buying.
Key statistics & internals
- Market breadth: Positive – more advancers than decliners, especially in midcaps and PSU banks.
- Rupee:
- ₹88.63 / USD, marginally stronger, despite a wider trade deficit in October.
- Valuation context:
- Recent NSE data places Nifty 50 trailing P/E ~22x, P/B ~3.5, indicating markets are not cheap but supported by earnings upgrades.
Major movers – large & liquid names
Notable gainers
| Stock | Approx Move Today | Comment / Driver |
|---|---|---|
| Maruti Suzuki | +1–2% | Auto demand optimism; part of Sensex leaders. |
| Kotak Mahindra Bank | +1–2% | Financials up on RBI relief & earnings optimism. |
| Mahindra & Mahindra | ~+1.1% | Autos positive; outperforming market. |
| Tech Mahindra | +1–2% | IT stock among Sensex gainers despite global tech volatility. |
| SBI | ~+0.6–1.3% | Hit new 52-week high; benefits from financials rally. |
Notable losers
| Stock | Approx Move Today | Comment / Driver |
|---|---|---|
| Tata Motors PV | -4.7% | Cut FY26 JLR margin guidance after cyberattack & weaker China demand. |
| Infosys | ~-2–2.5% | IT under pressure amid global tech volatility and profit-taking. |
| Tata Steel | ~-1.5% | Metals sensitive to concerns on China’s growth. |
| ICICI Bank | ~-0.9–1% | Mild profit-booking despite sector-positive backdrop. |
| Select mid-caps (IT/metal) | -0.5–1% | Rotation into financials & PSU names. |
Note: This table highlights representative large / liquid movers, not the official NSE “top 10” list.
What moved the market today?
- RBI exporter relief:
- RBI announced support / moratorium measures for exporters facing tariff-related stress.
- This eased NPL fears and triggered a strong rally in financials, especially PSU banks and trade-linked lenders, lifting the benchmarks.
- Earnings optimism, especially in midcaps:
- Q2 results have been better than expected, with midcaps seeing strong earnings upgrades, supporting record highs in midcap indices.
- Political tailwind (Bihar election):
- NDA’s win in Bihar is seen as policy-continuity positive, adding to the risk-on mood for domestic cyclicals (financials, infra, autos).
- Stock-specific hits & boosts:
- Tata Motors PV: Margin guidance cut for JLR due to cyberattack hit sentiment; stock was a major drag on auto indices.
- Hero MotoCorp / Maruti / M&M: Up on strong 2W/4W demand visibility and positive brokerage commentary.
- Supportive global backdrop but still choppy:
- Despite last week’s global tech sell-off, European markets were slightly green and US futures higher by the time India closed, helping sustain risk appetite.
Global cues
- US (Friday, 14 Nov):
- Dow -0.7% (~-300 pts), S&P 500 -0.1%, Nasdaq +0.1% – choppy, tech-driven session; AI/semis rebounded after a sharp sell-off. New York Post+1
- Europe:
- Stoxx 600 was weak late last week but marginally higher (~+0.1%) today, as markets pause after the tech-led wobble. markets.businessinsider.com+1
- Asia:
- Japan’s Nikkei under pressure as China warned citizens against travel to Japan, hurting tourism stocks.
- Chinese and Hong Kong indices remain soft on growth worries. Reuters+1
Overall, global cues are cautious but not outright risk-off; India is outperforming peers on domestic flows and earnings.
7. Stocks to watch (near term)
1. Financials / Banks (esp. PSU)
- Canara Bank, SBI, PNB, IDFC First Bank, AU Small Finance Bank, Kotak Bank
- Theme: RBI relief + earnings upgrades + improving asset quality.
- Nifty Bank at record high keeps this space in focus.
2. Tata Motors (PV & JLR story)
- Overhang from JLR margin guidance cut, cyberattack-related production hit and weaker China demand.
- Key watch: further downgrades vs any clarity on recovery & EV plans.
3. Autos (Hero MotoCorp, Maruti, M&M)
- Benefiting from volume strength, festive demand and positive brokerage notes.
- Sensitive to rural recovery, rates, and fuel price trajectory.
4. Midcap financials & exchanges (Muthoot, BSE, NBFCs)
- Strong moves on earnings beats & guidance upgrades; leadership within Nifty Financial Services.
5. IT large caps (Infosys, TCS, Tech Mahindra, Wipro)
- Under pressure short term, but global tech remains a swing factor; any stabilization in US tech could trigger a bounce.
Corporate & macro highlights
- RBI exporter support package:
- Moratorium / relief for export-oriented sectors facing US tariff disruptions.
- Eases NPA fears for banks with high exporter exposure, hence the financials outperformance.
- Tata Motors / JLR:
- Cyberattack-led production halt, one-time charge, and JLR margin guidance cut to 0–2% for FY26 (vs 5–7% earlier) is a key concern for auto & EV investors.
- Gold & crude:
- Gold remains elevated (safe-haven demand), while oil slipped ~0.7–0.8% as Russia restarted exports from Novorossiysk – modestly positive for India’s macros.
Technical view for next session – Tue, 18 Nov 2025
Using current close levels plus recent technical commentary:
Nifty 50
- Close: 26,013
- Immediate support:
- S1: ~25,740–25,750
- S2: ~25,620–25,630
- Immediate resistance:
- R1: ~26,100–26,120
- R2: ~26,220–26,250
View:
- Trend remains up, with RSI in a moderately bullish zone (~60) and price holding above key moving averages.
- Base case for tomorrow:
- Tone: “Cautiously positive, buy-on-dips”
- Likely range: roughly 25,750–26,200, with stock-specific action in:
- Financials / PSU banks on follow-through buying
- Autos (Tata Motors for reaction, Hero/Maruti/M&M for continuation)
- Select midcap financials & exchanges
Bank Nifty
- Close: ~58,518 (record territory)
- Supports: ~58,170 & 57,960
- Resistances: ~58,860 & 59,070
View:
- Strongest index; RSI near overbought (~70) suggests uptrend intact but prone to intraday profit booking.
- Dips towards 58,200–58,300 likely to find buyers; sustained move above 58,900 can extend the rally.
Sensex
- Close: 84,951
- Supports: ~83,900 & 83,550
- Resistances: ~85,050 & 85,400
View:
- Index is grinding higher near resistance; fresh break above 85,000–85,400 can open room for another leg up, else consolidation possible.
Expected market tone for the next trading day
Bias:
- Mildly bullish / buy-on-dips, with:
- Domestic triggers (RBI actions, earnings, political clarity) supportive, and
- Global backdrop still choppy but not outright negative.
Key watchpoints for tomorrow:
- Follow-through in financials/PSU banks – if flows continue here, indices can grind higher even if autos/IT stay mixed.
- Tata Motors reaction – whether selling exhausts or deepens.
- Global tech & Nvidia earnings expectations – any renewed US tech sell-off can spill into Indian IT and cap Nifty upside.
If you tell me your timeframe (intraday vs swing multi-day) and preferred segments (index futures, options, cash, sectors) I can turn this into concrete trade setups with entry/SL/targets aligned to these levels.
