Taking Stock: Nifty crosses 26,200 for the first time since Sept 2024; Sensex up 446 pts

Market Today

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.

On the back of rising optimism over a potential India–US trade deal, the Indian market opened on a strong note and with extended buying Nifty touched day's high of 26,246.65, which is 30 points away from the record high of 26,277.35, touched on September 27, 2024.

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.

Broader indices underperformed the main indices with BSE Midcap and smallcap indices ending marginally lower.

Nifty Bank continued hitting fresh record high on the fourth consecutive session. The index touched new high of 59,440.10, finishing 0.22% higher at 59,347.70.

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On the sectoral front, auto, capital goods, oil & gas, private bank, energy up 0.2-0.6%, while consumer durable, media, PSU Bank down 0.3-1.5 percent.

Eicher Motors, Bajaj Finserv, Bajaj Finance, Reliance Industries, Tech Mahindra were among major gainers on the Nifty, while losers were Asian Paints, HCL Technologies, Titan Company, Apollo Hospitals and Tata Steel.

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%

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In stock-specific action, NBCC (India) share price rose 2.5% on bagging order worth Rs 2,966.1 crore, Va Tech Wabag shares gained on order from Melamchi Water Supply Development Board, ACME Solar shares rose on commissioning second phase of additional 16 MW of its 100 MW wind power project in Gujarat, Mahindra Holidays rose 2.7% on entering ‘leisure hospitality’ business segment,

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More than 140 stocks touched their 52-week high on the BSE, including M&M Financial, Radico Khaitan, Hitachi Energy, Chennai Petro, Hero MotoCorp, MCX India, Axis Bank, SBI Life Insurance, Bharti Airtel, SBI, Titan Company, PNB, Bharat Forge, Canara Bank, Bank of Baroda, among others. Click to View More

On the other hand, more than 180 stocks hit 52-week low, including KNR Construction, Page Industries, United Breweries, Nitco, Man Infra, Fischer Medical, Orient Cement, United Foodbrands, among others. Click to View More

Outlook for November 21

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

On Thursday, the benchmark index Nifty continued its upward trajectory and registered its highest closing level since September 2024, reinforcing bullish sentiment in the market. On the daily chart, the index formed a strong bullish candle with shadows on both ends, signalling ongoing volatility but a clear positive bias.

Going ahead, the index is expected to maintain its upward bias and could test 26350, followed by 26500 in the short term. On the downside, support has shifted higher to the 26050–26000 zone, which is likely to act as a cushion for any pullback.

Osho Krishan, Chief Manager -Technical and Derivative research at Angel One

The Indian equity markets commenced the trading session on a strong note, bolstered by positive global developments and the prevailing momentum within domestic markets from the previous session. The benchmark index exhibited robust momentum, achieving significant gains and registering record highs for the calendar year. Ultimately, the Nifty50 index concluded the day on an optimistic note, positioned just below its all-time high at the 26190 level, reflecting a gain of 0.54 percent for the day.

The substantial contribution of heavyweight counters like RIL and HDFC Bank has significantly influenced the ongoing market rally, fostering optimism among market participants. From a technical standpoint, the V-shaped recovery generated robust momentum, suggesting the prevailing trend to continue. Furthermore, with broader participation across the board, the near-term market outlook appears decisively bullish. On the levels front, the support base seems to have moved up to the 26100-26000 subzone, which is likely to cushion any near-term shortcomings, while the sacrosanct support is placed around the 25800 zone from a positional perspective.

On the higher end, with the recent closure, the lifetime high of 26277 is likely to act as psychological resistance, and a breakthrough could pave the way for 26500 in the near future.

As we progress, the prevailing sentiment remains strong, supporting the strategy of purchasing during market dips, which has historically demonstrated its effectiveness. Furthermore, given the current sectoral rotation, it is essential to exercise caution in stock selection while maintaining a bullish outlook on the markets.

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