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Stock Market Live Updates | Gift Nifty Points To Gap Up; Nifty Range Set

Synopsis:

Today’s share market’s key developments include: Shilpa Medicare received eight USFDA observations, HUDCO signed an MoU with IDFC Foundation, Lupin’s Goa unit received seven observations, Tata Chemicals cleared a ₹910-crore expansion plan, while FIIs net sold ₹1,766.05 crore and DIIs net bought ₹3,161.61 crore.

 

 

Source: Bajaj Broking Research Desk. 

GIFT NIFTY: Gift Nifty suggests a positive start to the Indian market. Nifty spot in today's session is likely to trade in the range of 25,900-26,300.

INDIA VIX: 13.63 | +1.49 (12.32%) ↑ today

Latest Market News

  1. Shilpa Medicare: USFDA issues Form 483 with 8 non-repeat observations; completes 10-day inspection of Unit IV, Telangana.

  2. HUDCO signs MoU with IDFC Foundation to boost urban sector capacity development.

  3. Lupin: US FDA inspects Goa facility (Nov 10–21, 2025) and issues a Form 483 with 7 observations.

  4. Tata Chemicals approves ₹ 910 crore expansion at two plants.

  5. FIIs net sell ₹1,766.05 Cr while DIIs net buy ₹3,161.61 Cr in equities.

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

  1. Treasury Yield: 

    • US Treasury yields were lower on Friday. 

    • The yield on the benchmark 10-year Treasury fell more than 4 basis points to trade at 4.063%. 

  2. Currency:

    • The dollar index, which measures the greenback against a basket of other major currencies, is placed at 100.24.

  3. Commodities:

    • Spot gold added less than 0.1% to $4,079.88 per ounce.

    • International benchmark Brent crude futures with January expiry fell 1.29% to close at $62.56 per barrel.

Asian Markets

  1. General Trends:

    • Asia-Pacific markets started the week higher after the New York Federal Reserve President signalled that a third rate cut could happen this year. 

  2. Sector Specific Indicators: 

  • South Korea’s Kospi was up 1.28%, while the small-cap Kosdaq rose 0.5%. 

  • Samsung gained over 3.2% in early trade. Japan’s markets are closed for a public holiday.

India Market Outlook

  1. Market in the Previous Session:

    • Indian equities ended lower on November 21, with the Nifty closing near the 26,100 marks. A phase of profit-booking after a brief two-day recovery kept the broader mood cautious, pulling benchmark indices into negative territory. The pressure was more pronounced in the broader market, where mid- and small-cap indices fell over 1% each, signalling continued unwinding at higher levels. Sentiment was further dampened by a softer manufacturing PMI print, weakness in the rupee, and renewed concerns about potential delays in India–US trade negotiations — all of which added to the risk-off tone.

    • At close, the Sensex was down 400.76 points or 0.47 percent at 85,231.92, and the Nifty was down 124 points or 0.47 percent at 26,068.15.

    • Sectorally, the market breadth remained weak. Except FMCG, which held steady, all other sectoral indices ended in the red. Capital goods, realty, PSU banks, and metals were among the notable laggards, declining between 1–2%.

TRADE SETUP FOR NOV 24

  1. Nifty Short-Term Outlook:

    • Nifty has formed a bear candle on Friday’s session which mostly remained contained inside previous session price range signaling consolidation amid weak global cues near the previous all-time high of 26277.

    • Going ahead, index to consolidate in the range of 26277-25,900 thus forming a base for the next leg of up move. Strength above all time high (26277) will open further upside towards the 26,500 levels in the coming weeks. The last two months up move is well channelled signaling sustained demand at elevated levels. 

    • Short-term support is placed around 25,600-25,800 range being confluence of the 50 days EMA and the lower band of the last two months rising channel. We expect the index to hold above the same, hence the current breather should be used to accumulate quality mid and large cap stocks.

  2. Intraday Levels:

    • Nifty: Intraday resistance is at 26,200, followed by 26,277 levels. Conversely, downside support is located at 26,030, followed by 25,950.

    • Bank Nifty: Intraday resistance is positioned at 59,230, followed by 59,440, while downside support is found at 58,800, followed by 58,520.

Derivative Market Analysis

  1. Nifty:

    • Options data continues to highlight a broad range with highest call OI at 27,000, signalling a strong overhead ceiling, while highest put OI at 26,000 reaffirms it as a critical support zone.

    • In the previous session, call writers remained aggressive above 26,100, keeping pressure on the index on every attempted bounce. On the other hand, put writers unwound their positions across 25,900–26,200, suggesting uncertainty and a reluctance to defend supports at higher levels.

    • For now, 26,000 remains the key support, and sustained trade above this level can stabilise momentum. On the upside, 26,200 stands as immediate resistance, and only a decisive move above this zone can open the path towards higher strikes.

  2. Bank Nifty:

    • In Bank Nifty, the highest call OI at 60,000 continues to act as a strong overhead barrier, while highest put OI at 57,000 establishes a wide support cushion.

    • During the previous session, call writers were aggressive above 58,900, reinforcing selling pressure near intraday highs. Simultaneously, put writers unwound positions heavily between 59,000–59,500, indicating weakening confidence in higher support zones.

    • Notably, ITM call writers at 58,500 also covered positions, hinting at caution from the call-writing side.

    • Overall, 58,500 remains the key support, while 59,000 serves as immediate resistance. A breakout on either side may dictate the next directional move.

US Share Market News

  1. Performance Overview:

    • The S&P 500 jumped on Friday, underpinned by rising hopes for December rate cut, though Nvidia’s swing higher proved short-lived, keeping broader market upside in check despite a report that the U.S. is mulling allowing Nvidia to sell its AI chip sales to China.

  2. Sector-specific indicator: 

  • The Dow Jones Industrial Average added 1.08%, while the S&P 500 index gained 0.98%, and the NASDAQ Composite index climbed 0.88%.

  • Sentiment received a boost on Friday after Williams said, in a speech at the Central Bank of Chile Centennial Conference, that he sees "room for a further adjustment in the near term to the target range for the federal funds rate." He noted that downside risks to employment have increased while upside risks to inflation have lessened. Following Williams’ comments, traders boosted the odds of a December rate cut to nearly 70%, up from nearly 29% a day earlier.

  1. Economic indicator: 

  • Focus is now on a slew of key economic readings due this week, as the government releases data for September, which was delayed by a prolonged shutdown. Producer inflation, retail sales, and industrial production prints for September are due on Tuesday, while third-quarter gross domestic product data is due on Wednesday. 

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.

Published Date : 24 Nov 2025

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