Taking Stock: Market bounces back; Nifty above 26,000, Sensex up 513 pts

Market Today

The Indian equity indices bounced back on November 19, erasing all the previous session losses with Nifty finishing above 26,000 led by IT and financials.

After a muted start, amid weak global cues, the Indian benchmarks gained the strength as the day progress and helped Nifty to cross 26,000 mark. However, despite mid-session profit booking the index finished near day's high.

At close, the Sensex was up 513.45 points or 0.61 percent at 85,186.47, and the Nifty was up 142.60 points or 0.55 percent at 26,052.65.

Broader indices remained mixed, with BSE Midcap index rising 0.3%, while Smallcap index fell 0.4%.

Nifty Bank continued hitting fresh record high on the third consecutive session. The index touched new high of 59,264.25, finishing with 0.54% gains at 59,216.05.

Also Read: Infosys' Rs 18,000-crore share buyback window opens tomorrow

On the sectoral front, IT index rose 3%, PSU Bank index added 1.2%, while media index down 0.3% and realty index down 0.4%.

Biggest Nifty gainers were HCL Technologies, Max Healthcare, Infosys, Wipro, TCS, while losers were TMPV, Coal India, Maruti Suzuki, Adani Ports, Bajaj Finance.

Index	Prices	Change	Change%
Sensex	85,632.68	446.21	+0.52%
Nifty 50	26,192.15	139.50	+0.54%
Nifty Bank	59,347.70	131.65	+0.22%

Nifty 50 26,192.15 139.50 (0.54%)

Thu, Nov 20, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Eicher Motors	7,125.50	229.00	+3.32%

Biggest Loser	Prices	Change	Change%
Asian Paints	2,859.80	-33.90	-1.17%

Best Sector	Prices	Change	Change%
Nifty Infra	9692.30	54.90	+0.57%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8500.35	-76.05	-0.89%

Also Read: Hindustan Aeronautics to begin delivery of 8 Tejas Mk1A jets in next 24–36 months

In stock-specific action, G R Infraprojects shares lost 2% despite order win from Western Railways, Infosys shares added 4% ahead of buyback offer, Hindustan Unilever shares added nearly 2% on demerger record date, Biocon share price shed 3% despite final USFDA nod for Tofacitinib Extended-Release Tablets, National Securities Depository share price slipped 1.2% on warning letter from SEBI, HCL Technologies shares rose 4% on expanding its presence in Canada.

Azad Engineering shares gained 2% on signing purchase agreement with Pratt & Whitney Canada Corp, KEC International shares slipped 9% after company barred from new Power Grid projects for 9 months, LG Electronics shares rose 3% after Morgan Stanley initiates ‘overweight’ rating on the stock, Waaree Energies shares fell 3% as income tax officials visit company's offices, facilities.

Also Read - Capillary Technologies IPO allotment today: How to check status on registrar, BSE and NSE; see latest GMP

More than 120 stocks touched their 52-week high on the BSE, including Bharat Forge, M&M Financial, MCX India, Hero MotoCorp, Federal Bank, Titan Company, SBI, BHEL, among others. Click to View More

On the other hand, more than 200 stocks hit 52-week low, including Cohance Lifesciences, Godrej Agrovet, United Breweries, Thermax, Sheela Foam, Vedant Fashions, SKF India, Deepak Nitrite, Westlife Foodworld, among others. Click to View More

Outlook for November 20

Ajit Mishra – SVP, Research, Religare Broking 

Markets edged higher on Wednesday, with the Nifty 50 rising 0.55% to close at 26,052.65, reversing the previous session’s weakness. The index opened on a positive note and maintained its upward bias through the day, allowing the benchmark to finish near the day’s high. Sectoral performance was mixed: IT and banking stocks outperformed, while realty, energy, and metal counters lagged. In the broader market, the tone remained subdued, with the midcap index ending flat and the smallcap index slipping nearly half a percent.

The rebound was supported primarily by unexpected strength in IT majors after Infosys announced its ₹18,000-crore share buyback effective November 20, lifting sentiment across the sector. Continued resilience in the banking space also contributed meaningfully to the day’s gains.

While the banking pack continues to lead, the IT sector—after nearly a year of consolidation—is now showing early signs of a structural reversal. We maintain a positive outlook amid the ongoing consolidation phase and expect the Nifty to attempt fresh highs on a decisive breakout above 26,100. Participants should continue to adopt a selective approach, focusing on sectors displaying strength, with a preference for large-cap and stronger mid-cap names.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On the daily chart, Nifty has formed a bullish candle with a minor lower wick, indicating strong buying interest at lower levels. The same phenomenon has been visible for the last three trading sessions, where every dip is being bought into.

Nifty is making a strong attempt to decisively move past the 26,050 level, since last three trading sessions but continues to face stiff resistance in that zone. The Index closed marginally above this level today. Having said that, Nifty trades comfortably above its key short-term moving averages — the 20 & 50 EMA. The RSI, after hitting the 60 mark, has slightly moved up to 64, indicating improving momentum and strengthening bullish sentiment. The shrinking red histogram bars on the MACD suggest that bearish momentum is fading and the index may be gearing up for further upside in the coming sessions.

Looking at key levels, the 26,100–26,150 zone is expected to act as a crucial resistance. A sustained move above 26,150 could drive the index towards 26,350. On the downside, the zone of 25,850-25,800 zone is expected to act as a strong support for the Index.

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