In one of the most dramatic trading sessions of the month, Indian equity markets staged an impressive recovery to close in the green, extending Nifty’s winning streak to five consecutive sessions.
At Riddhi Siddhi Share Brokers, we closely tracked the evolving market mood as early trends from the Bihar Elections indicated a decisive lead for the BJP–JDU alliance, boosting investor confidence across sectors.
While volatility dominated much of the trading day, the bullish undertone remained intact—driven by strong domestic cues, global optimism, and expectations of supportive policy developments.
🔥 Market at Close: Bulls Take Charge Despite Swings
The Indian market wrapped up the session on a positive note:
- Nifty: +31 ➝ 25,910
- Sensex: +84 ➝ 84,563
- Bank Nifty: +136 ➝ 58,518
A blend of political clarity, global stability, and improving macro indicators kept the mood upbeat throughout the market.
🌟 What Drove Today’s Rally? Key Catalysts Explained
According to our research at Riddhi Siddhi Share Brokers, several strong triggers aligned to support the market’s upward momentum:
1. NDA’s Strong Performance in Bihar Elections
Election outcomes have historically influenced short-term market sentiment.
Early counting showed a clear BJP–JDU lead, reducing political uncertainty and supporting risk-on sentiment among investors.
2. Growing Buzz Around a Possible US–India Trade Agreement
Talks of a renewed trade pact between the two nations boosted sectors like IT, manufacturing, and export-driven industries.
3. US Government Shutdown Ends
Global markets cheered the end of the US shutdown, boosting emerging market flows and improving risk appetite.
4. Expectations of Fed Rate Cuts
Speculation of rate cuts by the US Federal Reserve lifted global equity sentiment and supported FII inflows into India.
5. WPI Inflation Drops Sharply
October WPI inflation fell to –1.21%, a significant drop from +0.13% in September—supportive for corporate margins and risky assets.
🧮 Market Internals: What’s Happening Under the Hood?
Market breadth and indicators continued supporting the bullish structure:
- Advance–Decline: 28 : 22 (favors bulls)
- India VIX: 11.93 (–1.89%) – signaling low volatility
- PCR (18 Nov): 0.80
- PCR (25 Nov): 0.97
- USD/INR Futures (Nov): 88.78 (+0.03%)
Lower VIX, strong PCR levels, and stable currency movement reflect improving market confidence.
📈 Sectoral Performance: PSU Banks Lead, IT Drags
Top Gainers
- NIFTY PSU BANKS: +1.17%
- NIFTY PHARMA: +0.59%
- NIFTY FMCG: +0.57%
Top Losers
- NIFTY IT: –1.03%
- NIFTY METAL: –0.89%
- NIFTY AUTO: –0.52%
PSU banks continued their strong outperformance as investor rotation favored value + growth pockets.
🔍 Index-Wise Market Recap
1️⃣ Nifty 50: Holding Strength Above Key Levels
Despite volatile swings, Nifty managed a positive close at 25,910, marking its 5th straight green session.
It is now comfortably trading above its major moving averages:
- 21 DMA: 25,756
- 50 DMA: 25,324
- 100 DMA: 25,154
- 200 DMA: 24,440
A decisive breakout is expected only above 26,110–26,111.
2️⃣ Bank Nifty: New All-Time High
Bank Nifty hit a fresh all-time high at 58,590, recording six consecutive green sessions.
This signals strong institutional buying and sectoral rotation toward financials.
3️⃣ Market Breadth Remains Positive
Advancers outnumbered decliners at 28 : 22, suggesting continued accumulation.
4️⃣ Midcap & Smallcap Indices Extend Gains
- Nifty Midcap: +0.11%
- Nifty Smallcap: +0.38%
Both indices show strong accumulation trends on dips.
⭐ Stocks in Focus
1) DCB Bank
- Hits 5-year high at ₹177.45
- Gains 5% in a volatile market
- Q2 FY26 revenue growth: +93.27% YoY
- Strong traction in digital payments & e-commerce services
2) Adani Group
- Announces ₹1 trillion investment in Andhra Pradesh over 10 years
- Partners with Google to set up a cutting-edge AI hub in Visakhapatnam
- Positive developments for long-term infrastructure & innovation cycles
🐂 Bulls & 🐻 Bears of the Day
Top Bullish Performers
- TMCV (+3.20%)
- ETERNAL (+2.15%)
- BEL (+1.60%)
- AXISBANK (+1.57%)
- TRENT (+1.52%)
Top Losers
- INFY (–2.33%)
- EICHERMOT (–2.27%)
- TATASTEEL (–1.50%)
- HDFCLIFE (–1.27%)
- TMPV (–1.27%)
🔮 Riddhi Siddhi Share Brokers – Outlook for Monday
- Next Target: 26,100
- Major Strength Above: 26,111
- Bullish Bias Valid As Long As Nifty Holds Above: 25,700
📊 Nifty Technical Levels
| Level Type | Value |
|---|---|
| CMP | 25,910 |
| Support | 25,700 / 25,500 |
| Resistance | 26,100 / 26,277 |
| Range | 25,791 – 26,025 |
| Trend | Positive |
🏆 Stock Recommendations
Short-Term Bullish Picks
- CANBK
- MUTHOOTFIN
- PGEL
Long-Term Bullish Candidates
- SYRMA TECHNOLOGIES
- HBL ENGINEERING
- DEEP INDUSTRIES
Bearish Stocks
- SRF
- EICHERMOT
- MPHASIS
Stocks to Avoid
- MAZDOCK
- OFSS
- RECLTD
⚠️ Disclaimer
This blog is created purely for educational and informational purposes by Riddhi Siddhi Share Brokers.
It is not investment advice.
Markets carry risk; investors must consult a registered financial advisor before making investment decisions. Past performance does not guarantee future returns.