The headline equity indices ended the day with substantial gains, extending their rally for the second consecutive session. Investor sentiment was buoyed by positive global cues after AI leader Nvidia reported robust earnings, along with steady FII inflows into domestic markets. Market volatility was observed due to the weekly expiry of the Sensex derivatives, but both the Sensex and Nifty managed to hit 52-week highs during the session. However, investors remain cautious, keeping a close eye on movements in crude oil prices and other global developments that could influence market direction in the near term. The Nifty ended above the 26,150 mark. Financial services, oil & gas and auto shares advanced, while Media, PSU bank and consumer durables shares declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 446.21 points or 0.52% to 85,632.68. The Nifty 50 index advanced 139.50 points or 0.54% to 26,192.15. The Nifty hit a 52-week high of 26,246.65, while the Sensex reached a 52-week high of 85,801.70 in mid-afternoon trade. In two consecutive trading sessions, the Sensex rose 1.13% while the Nifty added 1.08%.
In the broader market, the S&P BSE Mid-Cap index rallied 0.13% and the S&P BSE Small-Cap index declined 0.17%.
The market breadth was negative. On the BSE, 1,868 shares rose and 2,304 shares fell. A total of 190 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 1.35% to 12.14.
IPO Update:
Excelsoft Technologies received bids for 16,16,69,500 shares as against 3,07,01,754 shares on offer, according to stock exchange data at 15:15 IST on Thursday (20 November 2025). The issue was subscribed 5.27 times. The issue opened for bidding on 19 November 2025 and it will close on 21 November 2025. The price band of the IPO is fixed between Rs 114 and 120 per share.
New Listings:
Shares of Fujiyama Power Systems were at Rs 208.10 on the BSE, representing a discount of 8.73% as compared with the issue price of Rs 228.
The stock listed at Rs 218.40, reflecting a 4.21% discount to the issue price.
The stock has hit a high of 231 and a low of 205.35. On the BSE, over 20.70 lakh shares of the company were traded in the counter.
Buzzing Index:
The Nifty Financial services index jumped 0.79% to 27,861.35. The index rallied 1.14% in two consecutive trading sessions.
Bajaj Finance (up 2.28%), Bajaj Finserv (up 2.19%), HDFC Bank (up 1.40%), Cholamandalam Investment & Finance Company (up 1.34%), SBI Cards & Payment Services (up 1.31%), Jio Financial Services (up 1.28%), Axis Bank (up 1.17%), SBI Life Insurance Company (up 1.07%), Shriram Finance (up 1.06%) and ICICI Prudential Life Insurance Company (up 0.81%) advanced.
On the other hand, LIC Housing Finance (down 1.53%), Kotak Mahindra Bank (down 0.5%) and Power Finance Corporation (down 0.24%) edged lower.
Stocks in Spotlight:
Tilaknagar Industries (TI) advanced 2.95% after the company has marked its entry into the premium whisky category with the launch of Seven Islands pure malt whisky.
Transrail Lighting rose 2.11% after the company announced that it has received new orders worth Rs 548 crore, including a major international transmission line EPC project in a new country within MENA region.
Epack Prefab Technologies jumped 4.17% after it entered into a memorandum of understanding (MoU) with MASCOT South Asia LLP to facilitate its proposed capacity addition in the State of Gujarat. The MoU will enable collaboration between Epack Prefab, MASCOT South Asia LLP, and the company for the planned expansion, forming part of the company's strategy to enhance production capabilities and leverage advanced technology for growth in the region.
Meghmani Organics rose 0.14%. The company incorporated wholly owned foreign subsidiary (WOFS), Meghmani Organics Biodefensivos E Agricolas Do Brazil, to explore business opportunities in Brazil.
Mahindra Holidays & Resorts India gained 3.57% after the company's board approved entering into 'Leisure Hospitality' segment, aimed at scaling and diversifying its existing business portfolio. The new vertical will be operated through its wholly owned subsidiary, Mahindra Hotels and Residences India, under the brand name Mahindra Signature Resorts.
ACME Solar Holdings added 0.60%. The company has commissioned an additional 16 MW of its 100 MW wind power project in Surendranagar, Gujarat, following the commissioning of 28 MW in October 2025. With this phase, the project's operational capacity now stands at 44 MW, contributing to ACME Solar's overall operational portfolio rising to 2,934 MW.
Globus Spirits slipped 1.72%. The company said that its board approved raising funds upto Rs 500 crore through the issuance of equity shares in one or more tranches.
MAN Industries (India) gained 3.42% after the company announced the signing of a memorandum of understanding (MoU) with Aramco Asia India (AAI), a subsidiary of Saudi Aramco.
Texmaco Rail & Engineering declined 0.34%. The company announced that it has secured an order worth Rs 6.39 crore from Central Railway to modify the OHE system for the island platform extension at Kalyan Station.
Gujarat Industries Power Company (GIPCL) advanced 2.40% after the firm commissioned the fourth phase of its 600-MW solar power project at the 2,375-MW Renewable Energy Park in Khavda, Great Rann of Kutch.
Global Markets:
European market advanced, while most Asian markets ended higher on Thursday, as chip shares rallied after Nvidia's stronger-than-expected earnings and bullish forecast appeared to reinforce confidence in the global AI trade and boost the broader market.
Shares of the chip giant jumped more than 4% in extended trading after its fiscal third-quarter earnings beat earnings and revenue expectations. The AI chip maker also gave a stronger-than-expected fourth-quarter sales forecast, with CEO Jensen Huang saying demand for its current-generation Blackwell chips is 'off the charts.'
U.S. equity futures edged higher in early Asian hours after Nvidia's upbeat guidance, which likely lifted investor sentiment around the AI trade, following recent sessions that reflected fears about elevated valuations, debt financing, and potential chip depreciation.
On Wall Street, stocks closed mostly higher on Wednesday as Wall Street recovered some ground from tech-led sell-off.
The S&P 500 gained 0.38% to close at 6,642.16, snapping a four-day losing streak, while the Nasdaq Composite advanced 0.59% to settle at 22,564.23. The Dow Jones Industrial Average climbed 47 points, or 0.1%, to finish at 46,138.77.
Latest meeting minutes released on Wednesday showed that the Federal Reserve officials were at odds during their October meeting over cutting interest rates, divided over whether a stalling labor market or stubborn inflation were bigger economic threats.
While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less certain. Disagreements stretched into the outlook for December, with officials expressing skepticism about the need for an additional reduction that markets had been widely anticipating, with 'many' saying that no more cuts are needed at least in 2025.
The minutes did note that 'most participants' saw further cuts likely in the future, though not necessarily in December.
The minutes also discussed the balance sheet aspect of policy. The FOMC agreed to stop the reduction of Treasury and mortgage-backed securities in December, a process that has shaved more than $2.5 trillion off the balance sheet, which is still around $6.6 trillion. There appeared to be widespread approval for the halting of a process known as quantitative tightening.
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