Taking Stock: Bears tighten grip as Nifty slips below 19,650; Sensex falls 248 points

Earlier this month, IMF raised its growth forecast for Asia's third-largest economy to 6.3% from 6.1%

The Indian benchmark indices remained under pressure for the second consecutive session on October 19 tracking weak global cues amid Middle-East crisis and ongoing earnings season.

At close, the Sensex was down 247.78 points or 0.38 percent at 65,629.24, and the Nifty was down 46.40 points or 0.24 percent at 19,624.70.

Amid weak global markets, the domestic equity indices started the day gap-down and remained in sell mode for most part of the session. However, buying in the second half helped to close off the day's low.

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Stocks and sectors

Wipro, Tech Mahindra, UPL, Bharti Airtel and Hindalco Industries were among the major losers on the Nifty, while gainers were Bajaj Auto, LTIMindtree, Nestle India, Hero MotoCorp and UltraTech Cement.

On the sectoral front, bank, metal, power, realty, oil & gas and pharma were down 0.3-0.9 percent, while the auto index was up 0.5 percent.

The BSE Midcap and Smallcap indices ended on a flat note.

Index	Prices	Change	Change%
Sensex	84,864.30	191.28	+0.23%
Nifty 50	25,952.95	42.90	+0.17%
Nifty Bank	58,845.25	-54.00	-0.09%

Nifty 50 25,952.95 42.90 (0.17%)

Wed, Nov 19, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Max Healthcare	1,151.00	34.30	+3.07%

Biggest Loser	Prices	Change	Change%
TMPV	364.60	-6.70	-1.80%

Best Sector	Prices	Change	Change%
Nifty IT	36888.00	912.80	+2.54%

Worst Sector	Prices	Change	Change%
Nifty Energy	36074.40	-149.40	-0.41%

A short build-up was seen in Astral, Indraprastha Gas and Bandhan Bank, while a long build-up was seen in Bajaj Auto, LTIMindtree and Hero MotoCorp.

Among individual stocks, a volume spike of more than 400 percent was seen in Nestle India, BHEL and Ramco Cements.

Around 250 stocks touched their 52-week high on the BSE including Minda Corp, NBCC (India), Bajaj Auto, Welspun India, Nestle India, Hero MotoCorp, Firstsource Solution, Ashoka Buildcon, Suzlon Energy, Colgate Palmolive. Click here for the full list

Outlook for October 20

Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty declined on October 19 before paring some losses to close lower for the second consecutive day. At close, Nifty was down 0.24% or 46.4 points at 19624.7. Smallcap index ended in the positive while Midcap index fell less than the Nifty even as the advance decline ratio improved to 0.96:1.

Global equities slid on Thursday as risk aversion prevailed due to mounting worries over Middle East conflict, while the bond sell-off intensified, taking Treasury yields to fresh 16-year highs ahead of a keenly awaited speech from Fed Chairman.

Nifty fell on October 19 with a downgap but filled the gap by recovering in the morning session. A late selloff again took the Nifty into negative territory. The 19840-19850 band is proving to be an overhead resistance for the Nifty and post a small recovery, it could again seek lower levels. On upmoves, Nifty could face resistance in the 19680-19730 band while 19480-19512 band could provide support.

Shrikant Chouhan, Head of Research (Retail), Kotak Securities:

A sharp fall in several benchmark Asian and European indices dented the local market sentiment as the ongoing Middle East war continued to force investors to cut their exposure to equities. The key concern is that if the war continues for long, investors would move to safe haven assets to safeguard their interest.

Technically, the Nifty is trading near the 50-day SMA (Simple Moving Average). For the traders now, the 50-day SMA or 19625 would act as a trend decider level. Above the same, we could see a technical bounce back till 19700-19735 levels. On the flip side, below 19625 the index could retest the level of 19520-19480.

Aditya Gaggar Director of Progressive Shares:

The market witnessed a complete reversal in today's trade. Post a tepid opening, the Index gradually began to recover its losses and at one point in time it was in green. However, Index found resistance around its 21DMA i.e. 19,670, and reversed to end the weekly expiry day lower at 19,624.70 with a loss of 46.40 points.

Among the sectors, Auto was the top performer while Metal and Energy corrected by over 0.50%.

Quick recovery from the lower levels helped the Mid and Smallcaps to outperform Frontline peers. Benchmark Index is broadly oscillating in the range of 19,490-19,850 and at present it is near the lower end of the range; for a trend reversal and its confirmation, Index has to give a convincing close above 19,850.

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