The string of gains continued for 3rd straight session for the benchmarks as Nifty closed a tad below the 25900 mark
Nifty (+181, 25876)
Sensex (+595, 84467)
Bank Nifty (+137, 58275)
The benchmarks were seen cheering the outcome of exit polls that hinted towards a clean-sweep for the BJP-JD(U) Alliance in the Bihar elections.
The key contributor in Nifty’s winning streak is IT space which has also risen considerably.
Other positive catalysts fuelling optimism:
1) US–India Trade Deal: Signs of Progress Emerge. Optimism on a potential trade breakthrough between the US and India resurfaced on Monday, after President Donald Trump hinted that both nations are moving closer to finalizing a new trade agreement
2) Traders Eye End to US Shutdown:
Hopes are rising that Washington may soon resolve the ongoing government shutdown, lifting global risk sentiment.
3) Fed Rate Cut Expectations:
Market optimism builds as investors continue to price in an imminent rate cut from the US Federal Reserve — a move that could boost global liquidity and support equities.
4) Firm Global Cues:
Overnight gains on Wall Street and strength across major Asian indices signal a risk-on mood returning to global markets.
Technically speaking, confirmation of strength now only above 26107 mark. The gyan mantra is to stay bullish as long as Nifty psychological 25500 support is held.
Adv-Dec 34—16
INDIA VIX 12.11 (-3.04%)
NIFTY PCR (18th NOV) 1.31
NIFTY PCR (25th NOV) 0.98
USD/INR Futures (NOV) (+0.07%, 88.70)
SECTOR GAINERS:
NIFTY IT (+2.04%)
NIFTY AUTO (+1.24%)
NIFTY PHARMA (+1.00%)
SECTORS LOSERS
NIFTY REALTY (-0.49%)
NIFTY METALS (-0.16%)
TODAY’S MARKET RE-CAP:
1) Nifty (+0.70%) galloped at the start of the day’s session and remained comfortably in green throughout.
Nifty is also comfortably above its 21 DMA (25668), 50 DMA (25272) and its 100 DMA (25136). Nifty’s 200 DMA at 24413 mark.
Please note, confirmation of strength now only above 26107 mark.
2) Bank Nifty (+0.23%) did pretty well as bullish consolidation was the preferred theme all thru the trading session and most importantly, Bank Nifty ended in green for the 4th straight day. Bank Nifty’s new all-time-high still seen at 58577.50 mark.
3) The market breadth (34:16) was in favour of the bulls.
4) Nifty Mid-cap (+0.83%) gained while Nifty Small-cap (+0.82%) ended in green as well.
STOCKS IN SPOTLIGHT:
1) Following the demerger, Tata Motors’ newly listed Commercial Vehicle (CV) unit, trading under the ticker TMCV, closed at ₹330 on the listing day, up 26.5% from the implied valuation of ₹260.75 on the NSE. The stock has been placed in the trade-for-trade segment for the first 10 sessions, as per the exchange guidelines, to ensure orderly price discovery.
2) Spicejet Q2 FY26 results: Loss widens to ₹621 crore, revenue dips 13%.
3) Asian Paints Q2 FY-26 net profit jumps 43% to ₹993 cr, dividend declared as well.
BULLS OF THE DAY:
ASIANPAINTS (+6.58%)
ADANIENT (+5.00%)
TECHM (+3.48%)
TCS (+2.56%)
HDFCLIFE (+2.49%)
BEARS OF THE DAY:
TMCV (-1.49%)
TMPV (-1.30%)
TATASTEEL (-1.29%)
SHRIRAMFIN (-1.23%)
BEL (-0.91%)
OUR VIEW FOR THURSDAY’S TRADE
After today’s rebound, hopes are high that running of bulls likely to continue.
Key hurdle to watch is at 26100 mark.
All eyes on today’s CPI Inflation numbers releasing in India.
ALL ABOUT NIFTY:
Nifty (CMP: 25876)
Support: 25500/25351
Resistance: 26000/26200
Range: 25722-26000
21 DMA: 25688
50 DMA: 25272
200 DMA: 24413
Trend: Positive
BULLISH LOOKING STOCKS:
BIOCON
INFY
INDUSTOWER
BULLISH LOOKING STOCKS (LONG TERM):
BEL
HBL ENGINEERING
DEEP INDUSTRIES
BEARISH LOOKING STOCKS:
HAL
MUTHOOTFIN
BRITANNIA
STOCKS TO AVOID:
LICI
ABCAPITAL
RECLTD
Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.