Taking Stock: Market snaps 6-day gains; Nifty at 25,900, Sensex down 278 pts

Market Today

The Indian benchmark indices snapped six-day winning run and ended lower in a volatile session on November 18 amid broad-based selling.

Amid weak global cues, the Indian indices opened lower and extended selling dragged the Nifty index below 25,900, however, despite the mid-session recovery market ended near day's low.

At close, the Sensex was down 277.93 points or 0.33 percent at 84,673.02, and the Nifty was down 103.40 points or 0.40 percent at 25,910.05.

Broader indices remained under pressure with Nifty smallcap index falling 1 percent, while Nifty Midcap ended 0.6 percent lower after hitting fresh record high of 61,220.25.

Nifty Bank index ended with marginal losses after hitting fresh high of 59,103.65, intraday.

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All the sectoral indices ended in the red with IT, metal and realty down 1 percent each.

Bharti Airtel, Axis Bank, Power Grid Corporation, Bajaj Auto, Asian Paints were among major gainers on the Nifty, while losers were Tech Mahindra, Tata Consumer, Jio Financial, Interglobe Aviation, Bajaj Finserv.

Index	Prices	Change	Change%
Sensex	84,673.02	-277.93	-0.33%
Nifty 50	25,910.05	-103.40	-0.40%
Nifty Bank	58,899.25	-63.45	-0.11%

Nifty 50 25,910.05 -103.40 (-0.40%)

Tue, Nov 18, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Bharti Airtel	2,149.20	37.00	+1.75%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	5,739.50	-133.50	-2.27%

Best Sector	Prices	Change	Change%
Nifty Bank	58899.30	-63.40	-0.11%

Worst Sector	Prices	Change	Change%
Nifty IT	35975.20	-400.00	-1.10%

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In stock-specific action, One 97 Communications shares fell 3% on block deal, Emcure Pharma shares slipped 2.5% as Bain Capital likely offloaded up to 2% stake, Mphasis shares shed 1% after 1.8 crore shares sold in block deals, WPIL shares rose 4% after South African arm get contract of Rs 426 crore, Indokem shares shed 5% on manufacturing unit closure notice.

Wonderla Holidays shares gained 3% on launching of Wonderla Chennai in December, IREDA shares down 1.5% on report of raising up to Rs 3,000 crore via QIP, Bombay Burmah shares jumped 7% on terminating agreement with MSTC, Kings Infra shares down 2% on expansion plan.

More than 120 stocks touched their 52-week high on the BSE, including GMR Airports, Can Fin Homes, Federal Bank, Bharti Airtel, Chennai Petro, AU Small Finance Bank, Hero MotoCorp, IIFL Finance, Nykaa, Asahi India, SBI, Canara Bank, Marico, Indian Bank, Laurus Labs, TVS Holdings, UPL, among others. Click to View More

On the other hand, more than 180 stocks hit 52-week low, including SKF India, Cohance Life, Deepak Nitrite, Page Industries, Bata India, among others. Click to View More

Outlook for November 19

Ajit Mishra – SVP, Research, Religare Broking

Markets witnessed a volatile session on weekly expiry day and slipped nearly half a percent, extending the ongoing consolidation phase. After an initial dip, the Nifty swung sharply in both directions through the day and eventually settled near the day’s low at around the 25,910 mark. Sectoral performance was broadly weak, with realty, IT and metal leading the decline. The broader markets too came under pressure, as evident from the subdued market breadth and notable weakness in small-cap counters.

Recent market action reflects a cautiously optimistic undertone, supported by firm domestic macro indicators. However, heightened global volatility continues to cap momentum and trigger intermittent bouts of profit-taking, preventing a sustained directional move.

Going ahead, we expect further consolidation to persist, which would be healthy as long as the Nifty holds above its key short-term support—the 20-DEMA, which currently lies around 25,700.

Participants should continue to prioritise stock selection based on relative strength across sectors, with a preference for large-cap and stronger mid-cap names, while maintaining a measured approach amid the prevailing choppiness.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained confined within a 150-point range, marking the second consecutive day of consolidation. A bearish engulfing pattern has formed on the daily chart, suggesting a pause in the ongoing price rise. The hourly RSI has entered a bearish crossover, and the index has formed a lower top on the hourly timeframe, indicating an initial weakening of the trend.

On the lower end, support is placed at 25,850; a fall below this level might trigger further correction towards 25,700. On the other hand, resistance is visible at 26,000–26,050, above which the trend may reverse.

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