NIFTY NEXT 50

The equity benchmark indices traded lower on Friday, snapping a two-day gaining streak, as weak global cues weighed on investor sentiment.

At around 10:30 a.m., the Sensex fell 390.62 points or 0.46 percent to 85,242.06, while the broader Nifty declined to 26,067.85, down 124.30 points or 0.47 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI" target="_blank">Hindalco Industries</a>, Tata Steel and Adani Ports and Special Economic Zone were among the major laggards, declining up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/mahindramahindra/MM" target="_blank">Mahindra &amp; Mahindra</a> and Eicher Motors were the top gainers, rising up top 1 percent. Market breadth was negative as about 1043 shares advanced, 2377 shares declined and 148 shares unchanged.

Key factors behind market decline

1) Weak global cues: Asian markets were trading lower, with South Korea’s Kospi down more than 3 percent and Japan’s Nikkei 225 losing over 2 percent. Indices in Shanghai and Hong Kong also opened in the red. Overnight, US markets closed with losses, as the Nasdaq Composite dropped 2.15 percent, the S&amp;P 500 slid 1.56 percent and the Dow Jones Industrial Average declined 0.84 percent.

Currency movements also added to the cautious tone. The yen hovered near a 10-month low but saw brief support after Japanese Finance Minister Satsuki Katayama signalled potential intervention to curb excessive volatility. The dollar, meanwhile, was on track for its strongest week in more than a month. Japan says their stimulus package will have an overall economic impact of $265 billion.

2) Fading rate cut hopes: Sentiment was further dampened by renewed uncertainty over US monetary policy. Employment data showed faster job growth in September, reducing expectations of a rate cut in December. Higher rates in the US typically reduce the appeal of emerging markets, including India, for foreign investors.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-21-11-2025-liveblog-13688879.html" target="_blank">Stock Market LIVE Updates</a>

3) Selling in IT shares: IT stocks also faced selling pressure amid concerns over stretched valuations. Weakness in US tech shares overshadowed Nvidia’s better-than-expected quarterly results, adding to the drag on domestic technology counters.

4) India Vix declines: The India VIX, the domestic volatility gauge, rose 13 per ent to 13.68, indicating heightened uncertainty among traders. A higher VIX generally reflects expectations of wider market swings and can lead to cautious positioning by participants.

Despite the early decline, analysts said the market remained close to record levels and that buying on dips could emerge later in the session, supported by an improving earnings outlook and resilient flows.

On the technical front, Anand James, Chief Market Strategist at Geojit Financial Services, said the recent move above a month-long trading range strengthened prospects of Nifty reaching 26,550 in the near term. However, he noted that Thursday’s brief move above the upper Bollinger band, followed by a close below it, suggested limited upside for the day. A failure to hold above 26,237 or a fall below 26,160 could tilt the bias in favour of bears, with downside expectations of 26,028–25,984, he added.

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Sensex falls 400 pts, Nifty near 26,050: Weak global cues among key factors behind market decline

The equity benchmark indices traded lower on Friday, snapping a two-day gaining streak, as weak global cues weighed on investor sentiment.

At around 10:30 a.m., the Sensex fell 390.62 points or 0.46 percent to 85,242.06, while the broader Nifty declined to 26,067.85, down 124.30 points or 0.47 percent.

Hindalco Industries, Tata Steel and Adani Ports and Special Economic Zone were among the major laggards, declining up to 2 percent, while Mahindra &amp;amp; Mahindra and Eicher Motors were the top gainers, rising up top 1 percent. Market breadth was negative as about 1043 shares advanced, 2377 shares declined and 148 shares unchanged.

Key factors behind market decline

1) Weak global cues: Asian markets were trading lower, with South Korea’s Kospi down more than 3 percent and Japan’s Nikkei 225 losing over 2 percent. Indices in Shanghai and Hong Kong also opened in the red. Overnight, US markets closed with losses, as the Nasdaq Composite dropped 2.15 percent, the S&amp;amp;P 500 slid 1.56 percent and the Dow Jones Industrial Average declined 0.84 percent.

Currency movements also added to the cautious tone. The yen hovered near a 10-month low but saw brief support after Japanese Finance Minister Satsuki Katayama signalled potential intervention to curb excessive volatility. The dollar, meanwhile, was on track for its strongest week in more than a month. Japan says their stimulus package will have an overall economic impact of $265 billion.

2) Fading rate cut hopes: Sentiment was further dampened by renewed uncertainty over US monetary policy. Employment data showed faster job growth in September, reducing expectations of a rate cut in December. Higher rates in the US typically reduce the appeal of emerging markets, including India, for foreign investors.

Stock Market LIVE Updates

3) Selling in IT shares: IT stocks also faced selling pressure amid concerns over stretched valuations. Weakness in US tech shares overshadowed Nvidia’s better-than-expected quarterly results, adding to the drag on domestic technology counters.

4) India Vix declines: The India VIX, the domestic volatility gauge, rose 13 per ent to 13.68, indicating heightened uncertainty among traders. A higher VIX generally reflects expectations of wider market swings and can lead to cautious positioning by participants.

Despite the early decline, analysts said the market remained close to record levels and that buying on dips could emerge later in the session, supported by an improving earnings outlook and resilient flows.

On the technical front, Anand James, Chief Market Strategist at Geojit Financial Services, said the recent move above a month-long trading range strengthened prospects of Nifty reaching 26,550 in the near term. However, he noted that Thursday’s brief move above the upper Bollinger band, followed by a close below it, suggested limited upside for the day. A failure to hold above 26,237 or a fall below 26,160 could tilt the bias in favour of bears, with downside expectations of 26,028–25,984, he added.

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Will Nifty Bulls March Towards Fresh Peak Despite Dismal Global Cues? | Opening Bell Live

After coming within touching distance of their respective all-time highs, the benchmark indices Nifty 50 and Sensex are likely to start the November 21 session on a flat note, as weak global cues cloud sentiment.

At 7.40 a.m., the <a href="https://www.moneycontrol.com/live-index/gift-nifty?symbol=in;gsx">GIFT Nifty index</a> was quoting 26,213, lower by 5 points or 0.3 percent.

The risk-off mood sets a cautious tone for Indian markets today, with global volatility likely to dictate early trade dynamics. Given that today marks the weekly Friday close, the market is expected to trade within a consolidation range.

"Global weakness may keep the upside in check, and selective profit-booking cannot be ruled out. However, despite the near-term caution, the broader trend for India remains constructive, with underlying sentiment still supportive of dips being absorbed," noted Ponmudi R, CEO - Enrich Money.

Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.

The Dow Jones Industrial Average fell 0.84 percent, the S&amp;P 500 lost 1.56 percent and the Nasdaq Composite dropped 2.15 percent.

The sudden shift in sentiment reflected heightened uncertainty around monetary policy, prompting broad-based profit-booking across U.S. equities. The sharp sell-off in Wall Street echoed across Asian markets as well, with Japan’s Nikkei and South Korea’s Kospi opening the session deep in the red.

Key levels to watch on November 21

From a technical standpoint, Nifty has convincingly pierced key resistance levels and is steadily inching towards record highs. The broader setup stays constructive as the index continues to hold above its 10-day and 20-day exponential moving averages—zones that have consistently acted as dynamic support.

"Additionally, previous resistance levels have now turned into reliable support, reinforcing the long-term bullish bias and keeping the ongoing uptrend firmly intact. As long as the index sustains above the 25,900–25,850 support corridor, traders are likely to maintain a “buy-on-dips” approach," Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities said.

On the upside, immediate resistance is placed near the 26,270 zone—its previous all-time high. A stable close above this threshold may unlock fresh momentum-led buying, potentially propelling the index into new territory. Conversely, any dip below 25,850 is likely to draw renewed buying interest as long as structural supports remain intact.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Nifty, Sensex seen opening flat amid global weakness, key levels to watch on November 21

After coming within touching distance of their respective all-time highs, the benchmark indices Nifty 50 and Sensex are likely to start the November 21 session on a flat note, as weak global cues cloud sentiment.

At 7.40 a.m., the GIFT Nifty index was quoting 26,213, lower by 5 points or 0.3 percent.

The risk-off mood sets a cautious tone for Indian markets today, with global volatility likely to dictate early trade dynamics. Given that today marks the weekly Friday close, the market is expected to trade within a consolidation range.

&quot;Global weakness may keep the upside in check, and selective profit-booking cannot be ruled out. However, despite the near-term caution, the broader trend for India remains constructive, with underlying sentiment still supportive of dips being absorbed,&quot; noted Ponmudi R, CEO - Enrich Money.

Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.

The Dow Jones Industrial Average fell 0.84 percent, the S&amp;amp;P 500 lost 1.56 percent and the Nasdaq Composite dropped 2.15 percent.

The sudden shift in sentiment reflected heightened uncertainty around monetary policy, prompting broad-based profit-booking across U.S. equities. The sharp sell-off in Wall Street echoed across Asian markets as well, with Japan’s Nikkei and South Korea’s Kospi opening the session deep in the red.

Key levels to watch on November 21

From a technical standpoint, Nifty has convincingly pierced key resistance levels and is steadily inching towards record highs. The broader setup stays constructive as the index continues to hold above its 10-day and 20-day exponential moving averages—zones that have consistently acted as dynamic support.

&quot;Additionally, previous resistance levels have now turned into reliable support, reinforcing the long-term bullish bias and keeping the ongoing uptrend firmly intact. As long as the index sustains above the 25,900–25,850 support corridor, traders are likely to maintain a “buy-on-dips” approach,&quot; Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities said.

On the upside, immediate resistance is placed near the 26,270 zone—its previous all-time high. A stable close above this threshold may unlock fresh momentum-led buying, potentially propelling the index into new territory. Conversely, any dip below 25,850 is likely to draw renewed buying interest as long as structural supports remain intact.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

PSU banks may still have re-rating potential, says Aparna Shanker, CIO - Equity at The Wealth Company Mutual Fund, who continues to hold a constructive but selective stance on the sector.

Her preference is tilted toward PSU banks that are showing consistent underwriting discipline and technology-led operating efficiency, rather than a broad-based overweight on the entire segment.

She strongly expects more exciting IPOs to tap the capital markets soon. "With volatility reducing and investor appetite staying strong, I expect a line-up of high-quality IPOs across manufacturing, digital infrastructure, EV ancillaries, and profitable tech-enabled businesses," she said in an interview to Moneycontrol. Here are edited excerpts:

Do you expect the government to reduce the number of PSU banks from 12 to 2–3, with the announcement expected in 2026?

The government has consistently signalled its long-term intent to create larger, stronger PSU banks. While moving from 12 to 2–3 banks is an ambitious objective, 2026 could indeed mark the beginning of more definitive announcements. However, such consolidation will inevitably be phased, given integration, cultural alignment, and capital planning requirements.

The broader goal remains to enhance competitiveness, efficiency, and to equip PSU banks to support India’s long-term credit cycle, especially as credit demand from infrastructure, energy transition, manufacturing capacity expansion, and MSMEs continues to accelerate. A deeper, more stable PSU banking system is essential to fund this structurally rising credit requirement.

Are you betting big on PSU banks?

We maintain a constructive but selective view on PSU banks. Many have completed a full balance-sheet repair cycle, demonstrating improved asset quality, stable credit costs, and better capital adequacy.

Valuations still offer room for re-rating. That said, our preference is tilted toward PSU banks that are showing consistent underwriting discipline and technology-led operating efficiency, rather than a broad-based overweight on the entire segment.

Do you think FY27 earnings will be critical for market performance going ahead, although a likely finalization of the India–US trade deal sooner rather than later could provide some boost?

Yes, FY27 is shaping up to be an important earnings year. FY26 may remain relatively muted due to margin compression and slower global trade momentum.

By FY27, we expect a more supportive macro backdrop—potentially softer interest rates globally, improving global trade flows, and clarity on the India–US trade agreement. Even a partial conclusion of the trade deal could aid sectors such as IT services, pharma, electronics manufacturing, and defence. This combination positions FY27 as a more broad-based earnings recovery year.

Do you see India Inc delivering solid mid–double-digit earnings growth in FY27, compared to likely single-digit growth in FY26?

Our base case does point to mid-double-digit earnings growth in FY27. The drivers include recovery in global demand, a strengthening capex cycle, healthy credit conditions, and broadening sector-level participation.

FY26, in contrast, is likely to reflect moderation after a few exceptionally strong years. The normalization in margins, especially for domestic cyclicals and exporters, is also a factor. But structurally, the earnings cycle remains intact and should re-accelerate.

Do you expect more exciting IPOs to tap the capital markets soon?

Absolutely. With volatility reducing and investor appetite staying strong, we expect a line-up of high-quality IPOs across manufacturing, digital infrastructure, EV ancillaries, and profitable tech-enabled businesses. India’s deepening domestic liquidity pool, particularly through SIPs, provides a supportive environment for credible companies seeking to list.

Do you think a major correction in US markets (which have been boosted by the AI theme) is unlikely to significantly impact Indian markets?

While a sharp correction in US equities may create short-term volatility globally, the structural impact on Indian markets should be limited. India today is significantly more domestically driven. Robust household savings, SIP flows, and improving corporate profitability give India a degree of resilience.

Sectorial pockets may respond to global moves, but the medium-term trajectory remains anchored in India’s own fundamentals. Being that said, considering global coupling, Indian equity market may see rippling effects of any correction in US markets.

Which two sectors are on your radar?

Industrials remain a key focus, supported by policy incentives, onshoring, and a visible capex cycle. We also continue to favour financials, lenders, capital market plays and insurers, where formalization, productivity improvements, and better balance-sheet strength are translating into durable growth opportunities.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice: This CIO maintains bullish stance on PSU banks, points to re-rating upside

Aparna Shanker continues to favour financials, lenders, capital market plays and insurers, where formalization, productivity improvements, and better balance-sheet strength are translating into durable growth opportunities.

PSU banks may still have re-rating potential, says Aparna Shanker, CIO - Equity at The Wealth Company Mutual Fund, who continues to hold a constructive but selective stance on the sector.

Her preference is tilted toward PSU banks that are showing consistent underwriting discipline and technology-led operating efficiency, rather than a broad-based overweight on the entire segment.

She strongly expects more exciting IPOs to tap the capital markets soon. &quot;With volatility reducing and investor appetite staying strong, I expect a line-up of high-quality IPOs across manufacturing, digital infrastructure, EV ancillaries, and profitable tech-enabled businesses,&quot; she said in an interview to Moneycontrol. Here are edited excerpts:

Do you expect the government to reduce the number of PSU banks from 12 to 2–3, with the announcement expected in 2026?

The government has consistently signalled its long-term intent to create larger, stronger PSU banks. While moving from 12 to 2–3 banks is an ambitious objective, 2026 could indeed mark the beginning of more definitive announcements. However, such consolidation will inevitably be phased, given integration, cultural alignment, and capital planning requirements.

The broader goal remains to enhance competitiveness, efficiency, and to equip PSU banks to support India’s long-term credit cycle, especially as credit demand from infrastructure, energy transition, manufacturing capacity expansion, and MSMEs continues to accelerate. A deeper, more stable PSU banking system is essential to fund this structurally rising credit requirement.

Are you betting big on PSU banks?

We maintain a constructive but selective view on PSU banks. Many have completed a full balance-sheet repair cycle, demonstrating improved asset quality, stable credit costs, and better capital adequacy.

Valuations still offer room for re-rating. That said, our preference is tilted toward PSU banks that are showing consistent underwriting discipline and technology-led operating efficiency, rather than a broad-based overweight on the entire segment.

Do you think FY27 earnings will be critical for market performance going ahead, although a likely finalization of the India–US trade deal sooner rather than later could provide some boost?

Yes, FY27 is shaping up to be an important earnings year. FY26 may remain relatively muted due to margin compression and slower global trade momentum.

By FY27, we expect a more supportive macro backdrop—potentially softer interest rates globally, improving global trade flows, and clarity on the India–US trade agreement. Even a partial conclusion of the trade deal could aid sectors such as IT services, pharma, electronics manufacturing, and defence. This combination positions FY27 as a more broad-based earnings recovery year.

Do you see India Inc delivering solid mid–double-digit earnings growth in FY27, compared to likely single-digit growth in FY26?

Our base case does point to mid-double-digit earnings growth in FY27. The drivers include recovery in global demand, a strengthening capex cycle, healthy credit conditions, and broadening sector-level participation.

FY26, in contrast, is likely to reflect moderation after a few exceptionally strong years. The normalization in margins, especially for domestic cyclicals and exporters, is also a factor. But structurally, the earnings cycle remains intact and should re-accelerate.

Do you expect more exciting IPOs to tap the capital markets soon?

Absolutely. With volatility reducing and investor appetite staying strong, we expect a line-up of high-quality IPOs across manufacturing, digital infrastructure, EV ancillaries, and profitable tech-enabled businesses. India’s deepening domestic liquidity pool, particularly through SIPs, provides a supportive environment for credible companies seeking to list.

Do you think a major correction in US markets (which have been boosted by the AI theme) is unlikely to significantly impact Indian markets?

While a sharp correction in US equities may create short-term volatility globally, the structural impact on Indian markets should be limited. India today is significantly more domestically driven. Robust household savings, SIP flows, and improving corporate profitability give India a degree of resilience.

Sectorial pockets may respond to global moves, but the medium-term trajectory remains anchored in India’s own fundamentals. Being that said, considering global coupling, Indian equity market may see rippling effects of any correction in US markets.

Which two sectors are on your radar?

Industrials remain a key focus, supported by policy incentives, onshoring, and a visible capex cycle. We also continue to favour financials, lenders, capital market plays and insurers, where formalization, productivity improvements, and better balance-sheet strength are translating into durable growth opportunities.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Indian benchmark indices, Sensex and Nifty are likely to open on a negative note today, November 21, with cues coming from GIFT Nifty, which was trading lower at around 26,158.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

The Indian benchmark indices extended the winning run on second consecutive session on November 20, with Nifty crossing 26,200 for the first time since September 2024 led by Nvidia’s stellar earnings and stronger sales guidance for Q4.

At close, the Sensex was up 446.21 points or 0.52 percent at 85,632.68, and the Nifty was up 139.50 points or 0.54 percent at 26,192.15.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 26,158, indicating a weak start for the day.

Asian Equities (Down)

Asian shares extended a global rout on Friday as the much anticipated U.S. jobs data failed to provide clarity on interest rates, with investors returning to dumping riskier assets even after Nvidia's earnings dazzled.



US Equities (Slip)

Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.

The Dow Jones Industrial Average fell 386.51 points, or 0.84%, to 45,752.26, the S&amp;amp;P 500 lost 103.40 points, or 1.56%, to 6,538.76 and the Nasdaq Composite dropped 486.18 points, or 2.15%, to 22,078.05.



Dollar Index (Flat)

The dollar was on track for its best week in over a month on Friday as investors wagered the Federal Reserve is unlikely to cut rates next month, with the case for further easing made no clearer by a confounding U.S. jobs report.



US Bond Yield (Up)

The yield on 10-year Treasuries were up marginally at 4.09 percent, while yield on 2-year Treasuries were up 1 basis point at 3.54 percent.



Asian Currencies (Mixed)

Asian currencies were trading mostly higher in the early Friday trade with Malaysian Ringgit leading the gainers followed by the South Korean Won, China Renminbi, Japanese Yen, Singapore Dollar, Thai Baht



Crude (slips)

Oil prices fell in early trade. U.S. West Texas Intermediate crude dropped 0.7% to $58.60, and was down 2.7% this week.



Gold (Falls)

Gold prices extended the losses on Friday, trading  around USD 4064 per ounce after a mixed US jobs report that offered little fresh incentive for the Federal Reserve to cut interest rates.



Fund Flow Action

The Foreign Institutional Investors (FIIs) extended their buying on second consecutive day on November 20 as they purchased equities of Rs 283 crore, while Domestic Institutional Investors (DIIs) bought equities of Rs 824 crore, on the same day.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Tick: Top global cues to watch in today’s trade

10 out of 17 years NIFTY NEXT 50 has given positive returns in November.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	69,814.53	70,061.32	70,223.78	69,652.07	69,405.28	69,242.82	68,996.03
Fibonacci	69,808.40	69,904.98	70,061.32	69,652.07	69,495.73	69,399.15	69,242.82
Camarilla	69,605.26	69,642.78	69,680.29	69,652.07	69,530.24	69,492.72	69,455.21

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