Stock Market Today (3:30 PM) — Friday, November 21st 2025
Nifty succumbs to weak global cues as concerns over overvaluation in the AI and tech sectors resurface.
NIFTY (-124, 26068)
Sensex (-401, 85232)
Bank Nifty (-480, 58868)
Nifty’s rally fizzles?
Profit booking blamed as Nifty will wait for another day reclaim its all-time-high at 26277.35 mark.
The 2-Biggest Headwinds:
1) Concerns over stretched AI valuations remain.
2) Rapidly fading expectations of a December U.S. Fed rate cut.
The Big Question: Can Nifty Recover After Today’s Stunning Selloff?
The positive takeaway as of writing is that the US stock futures are on the rise.
Nifty could also regroup on backdrop of optimism surrounding a potential US–India trade agreement.
Bottom-line: Nifty may rise, but volatility shall persist.
Bottom-line: Technically, the gyan mantra is to stay bullish as long as Nifty 25741 support is held.
Adv-Dec 20—30
INDIA VIX 13.63 (+12.27%)
NIFTY PCR (25th NOV) 1.00
USD/INR Futures (NOV) (+1.08%, 89.69)
SECTOR GAINERS:
NIFTY FMCG (+0.14%)
SECTORS LOSERS
NIFTY METALS (-2.34%)
NIFTY REALTY (-1.86%)
NIFTY PSUBANKS (-1.43%)
TODAY’S MARKET RE-CAP:
1) Nifty (-0.47%) slipped amidst profit booking as the benchmark snapped its 2-day winning streak.
Nifty is still above its 21 DMA (25846), 50 DMA (25452) and its 100 DMA (25192). Nifty’s 200 DMA at 24515 mark.
2) Bank Nifty (-0.61%) slipped hard from its overbought technical conditions as profit booking continued to be the preferred theme.
Bank Nifty’s all-time-high continue to be at 59440.10 mark.
3) The market breadth (21:29) was in favour of the Bears.
4) Nifty Mid-cap (-1.04%) and Nifty Small-cap (-1.21%) too turned ugly ended with massive losses.
STOCKS IN SPOTLIGHT:
1) Tata Consultancy Services (TCS) gained 0.17% after announcing a pact with TPG Terabyte Bidco to invest up to ₹18,000 crore in Hypervault, with plans to jointly develop AI data centers and supporting infrastructure.
2) HG Infra Engineering edged 0.80% higher after incorporating a wholly owned subsidiary — HG Clean Energy Solutions — aimed at entering the solar, green hydrogen, and battery storage segments.
3) Hyundai Motor India slipped 0.23% after the company invested an additional ₹21.5 crore in FPEL TN Wind Farm, raising its stake to 26.49%.
4) InterGlobe Aviation (Indigo) gained 0.86% after its board approved an investment of $820 million (₹729.4 crore) into its wholly owned subsidiary, InterGlobe Aviation Financial Services IFSC, to be executed in one or more tranches.
5) Hindalco Industries fell 2.81% after reporting a fire incident at its Novelis plant in Oswego, New York.
BULLS OF THE DAY:
MARUTI (+1.32%)
TATACONSUM (+0.90%)
MAXHEALTH (+0.87%)
INDIGO (+0.86%)
M&M (+0.82%)
BEARS OF THE DAY:
JSWSTEEL (-2.91%)
HINDALCO (-2.81%)
TATASTEEL (-2.59%)
BAJFINANCE (-2.29%)
HCLTECH (-2.22%)
OUR VIEW FOR MONDAY’S TRADE
Technically speaking, Nifty was able to defend psychological 26000 mark. Hence, hopes are high that new all-time highs are still round the corner.
Bottom-line: Buying on dips should continue to be the preferred strategy.
ALL ABOUT NIFTY:
Nifty (CMP: 26068)
Support: 25899/25701
Resistance: 26277/26500
Range: 25955-26278
21 DMA: 25847
50 DMA: 25452
200 DMA: 24515
Trend: Neutral
BULLISH LOOKING STOCKS:
BIOCON
FEDERALBNK
NYKAA
BULLISH LOOKING STOCKS (LONG TERM):
SYRMA TECHNOLOGIES
HBL ENGINEERING
GRSE
BEARISH LOOKING STOCKS:
BAJAJFINSV
COFORGE
LODHA
STOCKS TO AVOID:
BHARATFORGE
INDIGO
CONCOR
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