Indian equity markets are set for a firm start on November 12, riding on upbeat global sentiment and sustained buying in key sectors. GIFT Nifty signals a strong open, with traders eyeing Nifty’s move toward 25,800 and Sensex extending gains for the third straight session.
- Nifty 50: Likely to open higher; key resistance seen at 26,000
- Support levels: 25,500–25,450 zone critical for maintaining trend
- Bank Nifty: Reclaims 58,000, support near 57,500
- Momentum indicators show buying interest building around 25,670 levels
- India VIX drops below 12 – reflecting calmer sentiment ahead of macro data
- Volatility Index (PCR & IV skew) suggests a neutral-to-bullish bias
- Max Pain level shifting upward – traders expect limited downside
- Dow Jones hits a record high as optimism builds around US government shutdown resolution
- Nvidia slips on valuation concerns, but broader market sentiment remains strong
- Asian markets trade higher, led by gains in Japan, South Korea, and Hong Kong
- European markets mixed as earnings season nears conclusion
- Crude oil steady near $82/barrel, supply concerns easing
- Gold prices flat after biggest weekly jump since May
- US Dollar stable; Rupee holds near ₹83.25/USD with RBI likely intervening
- FIIs sold ₹803 crore worth of equities on November 11
- DIIs bought ₹2,188 crore, offsetting foreign selling pressure
- Retail participation strong in midcaps and smallcaps
- SIP inflows cross ₹16,000 crore in October – another record month
- AMFI data shows moderation in equity flows but strong passive fund demand
- Adani Enterprises announces a ₹25,000 crore rights issue at ₹1,800/share
- Airtel Payments Bank Q2FY26: Profit rises to ₹11.8 crore, revenue surpasses ₹800 crore
- Paras Defence wins ₹35.68 crore order from Defence Ministry
- PPFAS Mutual Fund plans a new large-cap fund to capture institutional demand This move positions them well in the competitive landscape.
- ASK Wealth warns of narrowing rally breadth despite index strength
- Tenneco Clean Air India IPO raises ₹1,080 crore via anchor book
- Capillary Technologies IPO priced at ₹549–577; opens November 14
- Groww IPO subscribed 17.6x, signaling revival in investor sentiment
- Aequs IPO trims fresh issue to ₹576 crore after pre-IPO funding
- Sedemac Mechatronics IPO: Pure offer-for-sale model filed
- Swiggy plans a ₹10,000 crore fundraising round with 3 advisors onboard
- Physics Wallah IPO draws strong interest despite valuation concerns
- Anchor investors show appetite for digital & defence sectors
- SEBI expands IPO anchor book to 40% to strengthen institutional participation
ICICI Securities
- Buy: Bajaj Consumer Care (Target ₹400), Craftsman Automation (₹7,900), Indiqube Spaces (₹343)
- Upgrade: Shyam Metalics (₹1,000)
- Hold: Bajaj Finance, Greenpanel Industries
- Downgrade: KPIT Technologies (₹1,050), Krishna Institute (₹630)
Choice Broking
- Buy: Mahindra Lifespace (₹500), Mahindra & Mahindra (₹4,450)
- Upgrade: Greenply Industries (₹718)
- Downgrade: Ajanta Pharma (₹2,450)
Deven Choksey
- Bullish on Alembic Pharma (₹1,132), Maruti Suzuki (₹16,312)
Motilal Oswal
- Buy: Mankind Pharma (Target ₹2,800)
ICICI Securities & Choice Broking see selective opportunities in autos, real estate, and pharma This development reflects broader industry trends.
- Trade Spotlight:
- Tech Mahindra, Aurobindo Pharma, Bharat Forge – key volume gainers
- Groww, BSE, Transrail Lighting, Torrent Power – high retail interest
- Top Gainers:
- Craftsman Automation, Bharat Forge, BHEL, NALCO, Ashok Leyland
- Bullish setups:
- IOC, Shriram Finance, Torrent Pharma, MCX India
- 52-Week Highs:
- Laurus Labs, Muthoot Finance, Can Fin Homes, HFCL
- Institutional Activity:
- Kotak MF picks 0.5% stake in HFCL → Stock up 5.5%
- Aavas Financiers, Signature Global India see strong fund inflows
- Watchlist Additions:
- PC Jeweller, Thermax, PI Industries, Awfis Space, Rail Vikas Nigam, JB Chemicals
- Auto:
- Nifty Auto Index gains on festive demand; Maruti, M&M, Tata Motors in focus Industry observers see this as a positive development.
- Royal Enfield benefits from GST cut; rivals like KTM and Triumph impacted
- Bajaj Auto tweaks premium models to align with new tax regime Such initiatives typically drive long-term value creation.
- Realty:
- Nifty Realty Index sees breakout on heavy volumes
- Strong buying in DLF, Mahindra Lifespace, Signature Global
- Defence & Infra:
- Paras Defence, BEL, Bharat Forge attract buying post new orders
- NCC Limited maintains FY26 order inflow guidance
- Power & Renewables:
- India curtails solar power due to grid oversupply mismatch
- CapitaLand invests $1B in India’s data centre ecosystem
- Hindustan Zinc secures tungsten block license in Andhra Pradesh
- Britannia Industries enters ready-to-drink protein beverage segment
- Trent Ltd boosts store density and expands market presence
- Amber Enterprises strengthens HVAC & electronics verticals
- Cholamandalam Finance confident despite rich valuations
- Global Health (Medanta) expands into western & eastern India
- NCC expects growth acceleration from FY27
- CapitaLand targets 500 MW data centre capacity by 2030
- SEBI clarifies it won’t interfere in IPO valuations but calls for investor protection
- Italy approves Tata Motors’ €3.8B Iveco acquisition with conditions
- Adani Group divests 44% in AWL to refocus on infra ventures
- Companies Act amendments aim to simplify business compliance
- Climate stress testing reshapes cost of capital in auto, FMCG, cement sectors
- Britannia Q2 FY26: Profitability supported by premium mix
- Trent Q2 FY26: Mixed quarter, growth outlook positive
- Saregama Q2 FY26: Content pipeline fuels steady earnings
- Amber Enterprises Q2 FY26: Tepid quarter, diversification paying off
- Cholamandalam Investment: Asset quality improvement expected
- Emami Q2 FY26: Hit by seasonal factors and GST disruptions
- Market breadth narrowing despite strong index performance
- Analysts see rotation toward value and midcap plays
- Retail participation at record highs in midcap space
- Climate finance & passive investing emerging as key themes for FY26 This move positions them well in the competitive landscape.
- Nifty & Sensex extend gains, powered by strong global cues and selective domestic strength
- Volatility cooling, institutional buying steady, and sectoral rotation underway
- Key levels to watch:
- Nifty: Support 25,500 / Resistance 26,000
- Bank Nifty: Support 57,500 / Resistance 58,800
- Outlook: Gradual uptrend continues, but traders should remain cautious as market breadth tightens This move positions them well in the competitive landscape.
Published by Barawakar |Market Wrap– 12 Nov 2025
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