Stock Market Today: All You Need To Know Going Into Trade On Nov. 21

Good Morning!

The GIFT Nifty is trading marginally lower near 26,179 indicating a positive open for the benchmark Nifty 50.

US and European index futures are trading higher during Asian trading hours.

• S&P 500 futures trade up 0.43%

• Euro Stoxx 50 futures down 1.28%

The Nifty 50 convincingly pierced key resistance levels and steadily inched towards record highs. It closed 0.54% or 139.50 points higher at 26,192.15. The Sensex gained 0.52% or 446.21 to settle at 85,632.68.

The Nifty outperformed the broader market indices with HCLTech Ltd. and Infosys Ltd. emerging as top gainers in the Nifty.

The selloff in stocks occurred after a brief rally led by Nvidia Corp. shares faded, spreading from Wall Street to Asia. This downturn is largely attributed to renewed concerns over the artificial intelligence sector, which has been a significant driver of market gains. Investors are pulling back from riskier assets due to uncertainty and potential overvaluation in the AI sector.

Amid the de-risking, the S&P 500 erased its rally, falling 1.6%. Nvidia Corp. tumbled 3% as questions lingered about elevated valuations and investments despite a strong outlook, reports Bloomberg.

The selloff in stocks after a brief Nvidia Corp.-led rally spread from Wall Street to Asia, as renewed concerns over the artificial intelligence sector prompted investors to pull back from riskier assets.

The Kospi Index tumbled as much as 4.1% and is on its way to be the worst week since early March. The Topix in Japan fell 0.5% which is set for the biggest weekly drop since April as volatility spiked on Wall Street and technology stocks took a beating, reports Bloomberg.

Gold was steady after a mixed US jobs report that offered little fresh incentive for the Federal Reserve to cut interest rates. Bullion was trading around $4,080 an ounce, after dropping marginally in the previous session. Gold edged up 0.1% to $4,082.90 an ounce at 7:18 a.m. in Singapore. Silver and platinum were flat, while palladium was up slightly, as per a Bloomberg report.

Oil prices dropped because Ukrainian President Volodymyr Zelenskyy agreed to work on a peace plan with Russia, which might lead to potential relief from US sanctions on Russia. West Texas Intermediate dropped for a third session toward $58 a barrel, while Brent closed near $63 on Thursday, reports Bloomberg.

Copper erased gains as traders cast doubt on a December rate cut by the Federal Reserve as reports of a mixed US jobs gained momentum. Copper slipped 0.1% to settle at $10,738.50 a metric ton on the London Metal Exchange. Copper traded on New York’s Comex dropped 0.9% to settle at $5.0485 a pound. This was the lowest since Nov. 7. Other LME metals were mixed, with zinc up 1.2% while nickel falling 1%, reports Bloomberg.

Prime Minister Narendra Modi will visit Johannesburg, South Africa Nov. 21-23, to attend the G20 Leaders’ Summit

• HG Infra Engineering: The company incorporates wholly-owned subsidiary HG Clean Energy Solutions to undertake solar, green hydrogen and battery storage businesses.

• Great Eastern Shipping: The company delivers tanker ‘Jag Pooja’, takes fleet to 40 vessels, signs deal to sell a Suezmax crude tanker and to buy a second-hand Ultramax dry bulk carrier.

• Garuda Construction and Engineering: The company appoints Shanti Lal Gaggar as Chief Operating Officer.

• Hyundai Motor India: The company invests Rs.21.5 crore more in FPEL TN Wind Farm, raising its stake to 26.49%.

• IRB Infra: The company proposes transferring NHAI’s Vadodara–Mumbai Expressway project from its arm to IRB InvIT.

• JSW Energy: The company receives CoC approval for the corporate insolvency resolution plan of Raigarh Champa Rail Infra.

• Jana Small Finance Bank: The company gets RBI approval to appoint Chitra Talwar as part-time chairperson effective Feb 8, 2026, succeeding R. Ramaseshan.

• TCS: The company signs a pact with TPG Terabyte Bidco to invest up to Rs.18,000 crore into Hypervault and jointly develop AI data centers and related infrastructure.

• Alkem Labs: The company launches probiotic ‘DSS’ in India for gut-health management.

• Sandur Manganese: The company gets NCLT approval for the merger of Euro Industrial Enterprises, Sandur Sales and Sandur Udyog with Lohagiri Industrials.

• Jammu & Kashmir Bank: The company’s board will meet on November 26 to consider capital raising.

• VIP Industries: The company signs a pact to sell Mumbai-based ‘VIP House’ to Kemp & Company for Rs.40.7 crore.

• Reliance Communications: The company and its arm receive notices from the Serious Fraud Investigation Office; SFIO to investigate their affairs with no material operational impact expected.

• Bharat Rasayan: The company fixes December 12 as record date for 1:2 stock split and 1:1 bonus issue.

• JK Tyre & Industries: The company gets NCLT approval for amalgamation of Cavendish Industries with itself.

• Kesar India: The company sells its Nagpur land to Godrej Skyline Developers for Rs 116 crore.

• Baazar Style Retail: Company obtained a court injunction on Nov 19, 2025 restraining the defendants from disrupting operations of its Style Baazar store at Bishnupur.

• Yatra Online: The company enters a settlement pact with Ezeego involving a payment of Rs.5 Cr as full settlement.

• AWL Agri: The company reports that Lence has acquired a 13% stake in the company on November 19.

• Excelsoft Technologies: The public issue was subscribed to 6.89 times on day day. The bids were led by Qualified institutional investors (9%), non-institutional investors (18.2x), retail investors (5.92x).

• Sudeep Pharma: The company is a manufacturer of pharmaceutical excipients, food-grade minerals, and specialty nutrition ingredients serving over 100 countries. The IPO will open today with a size of Rs 895 crore (OFS: 800 crore and fresh issue: Rs 95 crore). The price band is Rs 563 to Rs 593 per share.

• Capillary Technologies: The company's shares will debut on the stock exchange on Friday. The issue price is set at Rs 577 apiece. The company is a leading Indian software-as-a-service (SaaS) company that specializes in customer loyalty and engagement solutions. The public issue was subscribed to 52.95 times on day three.. The bids were led by Qualified institutional investors (57.27x,), non-institutional investors (69.84x), retail investors (15.82x).

• Gujarat Pipavav Port: Causeway Emerging Markets Fund bought 25.77 lakh shares at Rs. 177.55 a piece.

• Sri Adhikari Bro Tele N L : Leading Leasing Finance & Investment sold 2 lakh shares at Rs. 1,192.45 a piece.

• Mphasis: Promoter Blackstone disposed 1.8 crore shares.

• List of securities shortlisted in Short - Term ASM Framework Stage: Universal Cables.

• Price Band change from 5% to 20%: Piramal Finance.

• Stocks going ex-dividend: MRF, Gabriel India, IRCTC, Manba Finance, Oil India, Info Edge (India), Sonata Software.

• Nifty Nov futures is up 0.63% to 26,235.40 at a premium of 43 points.

• Nifty Nov futures open interest down by 13%

• Nifty Options 25th Nov Expiry: Maximum Call open interest at 26,500 and Maximum Put open interest at 26,000.                 

• Securities in ban period: SAIL, Sammaan Capital.