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

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.


OPTION TRADE

Open Buy: NIFTY CE

Open Sell: NIL

Closed Calls: NIL

OPTION TRADE PROFIT: NIL

INTRADAY TRADE:

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

INTRADAY TRADE PROFIT: NIL

JACKPOT TRADE

Open Buy: NIL

Open Sell: NIL

Closed Calls: NIL

JACKPOT TRADE PROFIT: NIL

INDEX TRADE

Open Buy: NIFTY

Open Sell: NIL

Closed Calls: NIL

INDEX TRADE PROFIT: NIL

FORMULA ONE (F1)

Open Buy: NIFTY, NIFTY CE

Open Sell: NIL

Closed Calls: SBILIFE

FORMULA ONE (F1) PROFIT: NIL

SWING TRADE:

Open Buy: HDFCBANK, PNB, SKY GOLD, RATNAMANI, GE VERNOVA, SUNPHARMA, EUREKA, CARYSIL, WAAREE, STEELCAST, INDUSTOWER, CENTUM, CHEMCON, JUPITER WAGONS, TEJAS NETWORKS, VARUN BEVERAGES, BANKBARODA (2), CIPLA, IOC, CHAMBALFERT, TRANS RAIL, NAUKRI, RITES, SBI CARD,

Open Sell: NIL

Closed Calls: NIL

SWING TRADE PROFIT: NIL

PURE INVESTMENT CALL (BINOCULAR):

Open Buy: SNOWMAN, GMRINFRA, EXICOM, GAIL, YATRA, ADANI POWER, EVEREST INDUSTRIES, ZOMATO, NILKAMAL

Closed Calls: NIL

PURE INVESTMENT CALL (BINOCULAR) PROFIT: NIL

TOTAL PROFIT/LOSS FOR THE DAY:

OPTION TRADE: (NIL)

JACKPOT TRADE: (NIL)

INTRADAY TRADE: (NIL)

INDEX TRADE: (NIL)

BTST/STBT: (NIL)

Formula One: (NIL)

SWING TRADE: (NIL)

PURE INVESTMENT CALL (BINOCULAR): (NIL)


Nifty nudges lower in early action.

Bulls are hoping for a rebound that will help Nifty retest and reclaim its all-time high of 26,277.35.

Nifty (-85, 26107)
Sensex (-337, 85295)
Bank Nifty (-319, 59029)

Nifty (CMP: 26107)

SUPPORT: 25977/25741
RESISTANCE: 26277/26577
TRADING RANGE (26050-26200)
BIAS: Positive

SECTOR GAINER:

NIFTY AUTO (+0.31%)

SECTOR LOSER:

NIFTY METAL (-1.30%)
NIFTY DEFENCE (-1.15%)
NIFTY REALITY (-0.94%)

STOCKS IN SPOTLIGHT:

1) Tata Consultancy Services (TCS) gained 0.26% 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 0.31% lower 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 0.69% after the company invested an additional ₹21.5 crore in FPEL TN Wind Farm, raising its stake to 26.49%.

KEY THEMES FOR THE DAY:

The trading theme revolves around:

1) A sharp overnight slide on Wall Street is denting sentiments at Dalal Street.

2) Worries of an AI bubble has resurfaced on stock markets across the globe.

3) The biggest headwind for the day is the stronger-than-expected US jobs report, the first major release since the government shutdown, reinforcing expectations that the Federal Reserve will hold rates in December.

4) The Hang Seng is on track for a weekly drop of nearly 5%, reversing gains from the prior two weeks, with traders retreating from risk assets even after Nvidia’s strong earnings.

Top Index Gainers:

M&M (+1.14%)
EICHER MOTORS (+0.78%)
TMPV (+0.68%)
MARUTI (+0.67%)
BHARTI AIRTEL (+0.15%)

Top Index Losers:
HINDALCO (-1.93%)
JSW STEEL (-1.43%)
TATA STEEL (-1.36%)
ETERNAL (-1.17%)
ICICI BANK (-1.14%)

10.15 AM GLOBAL UPDATE:

Dow Futures: (+245, 45997)
Nasdaq 100 Futures (+56, 24110)

Nikkei (-1101, 48723)
Hang Seng (-594, 25241)

Dollar Index (-0.05%, 100.17)
WTI OIL (-1.25%, 58.25)
Gold (-20, 4056)

Securities in Ban for Trade Date: Friday, November 21st 2025*

SAIL
SAMMAANCAP

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.


Gift Nifty attempts to shrugs-off weak overnight Wall Street cues.

The big question: Will Nifty’s rally fizzle out?

Our call of the day suggests after a cautious start, positive wave shall beckon Dalal Street with immediate goalpost at Nifty’s all-time-high 26277.35 mark.

The 7-positive catalysts on the backdrop:

1) Wall Street stocks improving this Friday.
2) Cooling India’s inflation.
3) Resilient consumer demand
4) Hope of RBI’s rate cut
5) Strong DII inflows continue.
6) FIIs on the buy side in Thursday’s trade and are net buyers this week to the tune of ₹1,578 crore.
7) Optimism surrounding a potential US–India trade agreement.

Bottom-line: Nifty bulls will aim to regroup after a cautious start. We still believe, the benchmark should hit and surpass its all-time high levels sooner rather than later.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+33, 26186)
Dow Futures: (+245, 45997)
Nasdaq 100 Futures (+56, 24110)

Nikkei (-1101, 48723)
Hang Seng (-594, 25241)

Dollar Index (-0.05%, 100.17)
WTI OIL (-1.25%, 58.25)
Gold (-20, 4056)

Securities in Ban for Trade Date: Friday, November 21st 2025*

SAIL
SAMMAANCAP

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.


INDEX Derivatives
Previous FUTURE Closing to SPOT

NIFTY on 20.11.25 @ +43

NIFTY on 19.11.25 @ +26

NIFTY PCR

NIFTY – 1.51

BANKNIFTY PCR

BANKNIFTY – 1.23

MAX CE OI

NIFTY – 26200, 27000

BNF – 60000

SHORT Covering

NIFTY – 25500-26150

MAX PE OI

NIFTY – 25000, 26000

BNF – 58500

SHORT Buildup

25900-26550

STOCK Derivatives:

Long Buildup: # BAJFINANCE # IEX # BAJAJFINSV # GLENMARK # HEROMOTOCORP

Long Unwinding: # PNB # BANDHANBNK # BANKBARODA # CANBK

Short Buildup : # IDEA # BIOCON #

Short Covering : # MOTHERSON # NAUKRI # BHARATFORGE # 360ONE

Stocks banned in F&O Segment: SAIL, SAMMAANCAP

New in Ban: SAMMAANCAP

Out of Ban: NIL

November 20th 2025 FII/DII:

FII : +283.65 crores.

DII: +₹ 824.46 crores

BSE Derivatives Data

SENSEX Futures on 20.11.25 @ +187
SENSEX Futures on 19.11.25 @ +75

SENSEX PCR
1.45

BANKEX PCR
1.24

MAX CE OI

SENSEX – 87000

BANKEX – 67000

MAX PE OI

SENSEX – 85000

BANKEX – 66000

Happy Trading Day ahead

Disclaimer: 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.


TOP SECTORS:

Bullish Sector: PHARMA, PSUBANKS, PVT BANKS, AUTO

Bearish Sector: MEDIA, FMCG

STOCKS TO WATCH:

BULLISH STOCKS (Long Build-up+ Short Covering): CUMMINS, GRSE, LARSEN, SBI LIFE, BEL, INDIGO, BHARTI AIRTEL, TITAN, RELIANCE, TATA CONSUMER, POLYCAB, NYKAA.

BEARISH STOCKS (Long Unwinding + Short Buildup): COAL INDIA, NTPC, DMART, DIXON TECHNOLOGIES

The 1 stock to BUY right now:

Buy L&T (CMP 4037): Buy at CMP. Stop at 3909. Targets 4063/4133. Aggressive targets at 4221. (Interweek Strategy). Rationale: Signalling a massive breakout on the upside. Key interweek support 3801. Major hurdles only at 4063 mark. The stock is signaling a massive breakout on the upside. 200-DMA at 3551.

Happy Trading Day ahead

Disclaimer: 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.


GIFT Nifty 🇮🇳: (-62, 26156)

Market Recap:

Nifty registered massive gains in Thursday’s trade, raced towards its all-time-high.

RIL (+2.01%) led from the front. Nifty Mid-cap and Nifty Small-cap seen uninspired…

Bank Nifty mirrored Nifty gains scaled a new all-time-high at 59440.10 mark.

The Big Question:

Will Nifty’s rally fizzle out amidst weak overnight lead from Wall Street?

The Road Ahead:

Our call of the day suggests after a cautious start, positive wave shall beckon Dalal Street with immediate goalpost at Nifty’s all-time-high 26277.35 mark.

The Biggest Positive Catalysts:

1) Wall Street stock futures are rebounding this Friday morning as AI rally still reignites Wall Street after Nvidia’s earnings and guidance smashed expectations.

2) Optimism surrounding a potential US–India trade agreement.

3) India’s retail inflation sliding to a record 0.25% in October, well below the RBI’s tolerance band — strengthening hopes for a December rate cut.

4) FIIs turning buyers this week to the tune of ₹1,578 crore.

5) WTI crude oil futures tumbling towards $58.50 per barrel, after reports indicated the US is pushing to end the Russia-Ukraine war.

6) NDA’s decisive win in Bihar, reinforcing political stability and continuity in reforms.

The Biggest Headwinds:

1) Concerns over stretched AI valuations remain.

2) Rapidly fading expectations of a December U.S. Fed rate cut.

Technically Speaking:

Technically speaking, Nifty is signalling a massive breakout on the upside — the benchmark should hit its all-time-high (26277.35) sooner than later.

The Gyan Mantra is to stay optimistic as long as Nifty holds above the 25,900-support zone — dips remain buying opportunities in the near term.

Nifty is above its 21 DMA (25837), 50 DMA (25428) and its 100 DMA (25188). Nifty’s 200 DMA at 24501 mark.

Long Story Short: If Nifty reclaims its all-time high of 26,277.35, it will mark the end of a 14-month pause.

We remain quite bullish on Nifty, and this upward momentum could soon become the new normal on Dalal Street.

If Nifty reaches its all-time high of 26,277.35, it will mark the end of a 14-month pause.

At the moment, we remain quite bullish on Nifty, and this upward momentum could soon become the new normal on Dalal Street.

Bottom-line:
If Nifty reaches its all-time high of 26,277.35, it will mark the end of a 14-month pause.
At the moment, we remain quite bullish on Nifty, and this upward momentum could soon become the new normal on Dalal Street.

Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (26192): Buy at CMP. Stop 25977. Targets 26277/26507. Aggressive targets at 26900-27100 zone.

Bank Nifty (59348): Buy at CMP. Stop at 58181. Targets 59700/59950. Aggressive targets at 60300-60500 zone.

Our chart of the day is bullish on HDFC BANK, SBI LIFE, and LARSEN on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy LARSEN (CMP 4037): Buy at CMP. Stop at 3909. Targets 4063/4133. Aggressive targets at 4221. (Interweek Strategy). Rationale: Signalling a massive breakout on the upside. Key interweek support 3801. Major hurdles only at 4063 mark. The stock is signaling a massive breakout on the upside. 200-DMA at 3551.

Disclaimer/ Disclosure: The investments & trading ideas recomended 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 by after consulting with registered market intermediaries.


🇮🇳 India : S&P Global Manufacturing PMI (Nov), S&P Global Services PMI (Nov), Manufacturing & Services PMI (Nov), FX Reserves, USD

🇬🇧 Great Britain : Core Retail Sales (MoM) (Oct), Core Retail Sales (YoY) (Oct), Public Sector Net Borrowing, Public Sector Net Cash Requirement (Oct), Retail Sales (YoY) (Oct), Retail Sales (MoM) (Oct), S&P Global Composite PMI (Nov), S&P Global Manufacturing PMI (Nov), S&P Global Services PMI (Nov)

🇩🇪 Germany : HCOB Germany Composite PMI (Nov), HCOB Germany Manufacturing PMI (Nov), HCOB Germany Services PMI (Nov)

🇪🇺 Euro: ECB President Lagarde Speaks, HCOB Eurozone Manufacturing PMI (Nov), HCOB Eurozone Composite PMI (Nov), HCOB Eurozone Services PMI (Nov)

🇺🇸 USA : Federal Budget Balance (Oct), Real Earnings (MoM) (Sep), Capacity Utilization Rate (Sep), Industrial Production (MoM) (Oct), Industrial Production (YoY) (Sep), S&P Global Manufacturing PMI (Nov), S&P Global Composite PMI (Nov), S&P Global Services PMI (Nov), Housing Starts (Sep), Housing Starts (MoM) (Sep), Michigan 1-Year Inflation Expectations (Nov), Michigan 5-Year Inflation Expectations (Nov), Michigan Consumer Expectations (Nov), Michigan Consumer Sentiment (Nov), Michigan Current Conditions (Nov), Wholesale Inventories (MoM), Atlanta Fed GDPNow (Q4), U.S. Baker Hughes Oil Rig Count, U.S. Baker Hughes Total Rig Count


MARKET TRENDS:

Global cues: Positive
FII: (+283.70 crores)
DII: (+824.50 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Massive Breakout
F&O: 25500 – 27000 zone.

INDIA VIX 12.14 (+1.36%)
USD/INR Futures (November) (88.72)
NIFTY PCR (25th November) 1.51
Bank Nifty PCR (25th November) 1.23

Nifty Outlook: Up again for benchmark Nifty as bullish sentiment gears up for a joyful surge!

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 26192):
SUPPORT: 26051/25900
RESISTANCE: 26277/27000
RANGE: 26100-26400
BIAS: Positive
21 DMA: 25837
50 DMA: 25428
200 DMA: 24500

SENSEX (CMP 85633)
SUPPORT: 85300/84500
RESISTANCE: 85978/87000
RANGE: 85300-86300
BIAS: Positive
21 DMA: 84346
50 DMA: 82981
200 DMA: 80396

BANK NIFTY (CMP 59348)
SUPPORT: 59000/58300
RESISTANCE: 59700/60300
RANGE: 59100-60000
BIAS: Positive
21 DMA: 58254
50 DMA: 56757
200 DMA: 54450

Nifty: In Thursday’s bullish session, Nifty started on the front foot — as momentum buying prevailed and short covering lifted Nifty well above the dotted lines.

Nifty ended way above the dotted lines and the positive takeaway was that Nifty raced closer towards its all-time-high.

Nifty is above its 21 DMA (25837), 50 DMA (25428) and its 100 DMA (25188). Nifty’s 200 DMA at 24501 mark.

Nifty’s hurdles seen 26277.35 mark.

The technical landscape suggests Nifty’s major support at 26051/25900/25741 mark.

Nifty’s chart of the day suggests the benchmark may trade with positive bias with Nifty’s biggest intraday hurdles at 26277.35 mark.

Bank Nifty: Bank Nifty (+0.22%) did pretty well as bullish consolidation was the preferred theme all thru the trading session. Bank Nifty ended in green. Bank Nifty’s new all-time-high at 59440.10 mark.

Bank Nifty was seen slightly underperforming in Nifty’s rebounding action, ending 0.22% higher as against Nifty’s 0.54% gains.

Interestingly, Nifty PSU Banks ended 0.89% lower while Nifty Private Bank Index ended with 0.31% gains.

Intraday support for Bank Nifty now seen at 59000/58300/57157 mark and then at 55600 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 59700 mark. Bank Nifty’s 200-DMA is placed at 54450 mark. Bias on Bank Nifty shifts to Positive.

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.


Gift Nifty takes over the negative baton from weak overnight lead from Wall Street indicating an up-and-down session for the benchmark Nifty and most importantly, Nifty’s new all-time-high will have to wait for another day.

The biggest headwind for the day is the stronger-than-expected US jobs report, the first major release since the government shutdown, reinforcing expectations that the Federal Reserve will hold rates in December.

Our Call of the Day however suggests that there is a bright chance that the bear too could turn bull on any early decline amidst:

1) Optimism surrounding a potential US–India trade agreement.

2) FIIs turning buyers this week to the tune of ₹1,578 crore.

Bottom-line: Nifty bulls will still aim to hit and surpass its all-time-high 26277.35 mark.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-65, 26153)
Dow Futures: (+207, 45959)
Nasdaq 100 Futures (+98, 24153)

Nikkei (-905, 48925)
Hang Seng (-476, 25360)

Dow Jones (-387, 45752)
Nasdaq Composite (-486, 22078)
Bovespa (-1141, 155381).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Wall Street’s key indexes started Thursday’s trade with solid gains, fueled by Nvidia’s upbeat earnings and a surprisingly robust September jobs print but worries of an AI bubble weighed on US stocks into the close.

But the bullish momentum didn’t last.

As the session progressed, sentiment reversed sharply. Nvidia slipped from its early highs, and expectations for a December Fed rate cut weakened, triggering a broad selloff. NVIDA was down 3.2% at the close – making it one of the worst-performing Dow Jones stocks of the day – as AI bubble worries resurfaced.

The US economy added 119,000 jobs in September, rebounding from a downwardly revised decline of 4,000 in August and surpassing forecasts of 50,000. The unemployment rate rose to 4.4, its highest since October 2021, exceeding the expected 4.3%, while wage growth came in slightly above expectations at 3.8%.

By the closing bell, the gains had fully evaporated:

Dow Jones: -0.84% at 45,752

S&P 500: -1.56% at 6,538

Nasdaq Composite: -2.15% at 22,078

Gold prices ($4075 per ounce) was seen consolidating with positive bias despite policymakers’ efforts to downplay the likelihood of dovish move.

WTI crude oil futures ($58.50) plunged with negative bias, as OPEC revised its outlook to show a supply surplus in the third quarter. The group now estimates global supply exceeded demand by about 500,000 barrels per day, reversing its prior deficit forecast.

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.

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