Market Commentary
Global markets – US indices closed higher on Friday as rate cut bets increase. Dow Jones closed green by 1.1 pct. While Nasdaq closed higher by 0.9 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 46,245 | 1.1 | 8.7 |
| Nasdaq | 22,273 | 0.9 | 15.3 |
| Hang Seng | 25,573 | 1.4 | 27.5 |
| Nikkei | 48,625 | -2.4 | 21.9 |
Commodities – Gold prices fell and currently stood at USD 4,084 on softer dollar. On the other hand, oil prices stood at USD 61.87/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,084 | -0.4 |
| Silver ($) | 49.88 | -0.2 |
| Brent Crude ($) | 61.87 | -1.0 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 25,452 | 56,849 |
| 100 DMA | 25,192 | 56,334 |
| 200 DMA | 24,514 | 54,497 |
Asian markets – Asian markets trading higher in the early morning trade. Hang Seng trading up by 1.4 pct. While Nikkei closed negative by 2.4 pct.
Indian Indices – India’s equity benchmarks are likely to open green as GIFT Nifty indicates. Benchmark Indices closed negative on Friday due to poor US Job data.
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 85,231 | -0.5 | 9.1 |
| Nifty | 26,068 | -0.5 | 10.3 |
| Nifty Bank | 58,867 | -0.8 | 15.7 |
| Nifty Midcap 100 | 60,276 | -1.1 | 5.4 |
| Nifty Smallcap 100 | 17,847 | -1.2 | -4.9 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -1766 | -271,022 |
| DII | 3165 | 684,919 |
Stocks to watch
Positive Read through
- TVS Motor – Introduces King range of 3-wheelers in Ghana to refresh offering.
- UBL – Completes lease registration for upcoming greenfield brewery in Uttar Pradesh.
- Tata Powe – Agreement with Druk Green for 1,125 MW hydroelectric project in Bhutan, investment at Rs. 15.72 bn.
- NTPC Green – JV with ONGC wins 140 MW solar project with tariff of Rs. 4.35/kWh.
- Rites – To export in-service diesel locomotives to South Africa.
- Tata Chem – Board approves Rs. 1.35 bn soda ash capex at Mithapur and Rs. 7.75 bn silica capex.
- Alkem Lab – Armenia health ministry issues no observation for manufacturing unit in Sikkim.
- HCC – Board meet on Nov 26 to mull fund raise of up to Rs. 15 bn via rights issue.
- HG Infra, Kalpataru Proj – 40:60 JV declared lowest bidder for Rs. 14.24 bn Maha Metro project.
- HUDCO – MoU with IDFC Foundation for capacity development initiatives for the urban sector.
- RVNL – Bags order worth Rs. 1.81 bn from North-Eastern Railway.
- Lemon tree – Signed a new property in Madhya Pradesh.
Negative Read through
- Zomato, Swiggy – Government announces new labour codes from Nov 21, 2025.
- Natco Pharma – US FDA issues 7 observations for Chennai API unit.
- TCS – US court upholds USD 194 mn in damages against company in DXC trade-secrets case.
- Shilpa Medicare – US FDA issues Form-483 with 8 observations for Unit IV in Telangana.
- Lupin – US FDA issues Form-483 with 7 observations for Goa unit.
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