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Trendlyne Marketwatch
20 Nov 2025, 04:08PM
Market closes higher, supported by foreign inflows
By Trendlyne Analysis

 

Nifty 50 closed at 26,192.15 (139.5, 0.5%), BSE Sensex closed at 85,632.68 (446.2, 0.5%) while the broader Nifty 500 closed at 23,975.45 (69.2, 0.3%). Market breadth is in the red. Of the 2,588 stocks traded today, 1,066 were gainers and 1,470 were losers.

Indian indices closed higher after rising throughout the day, with the Nifty 50 touching a new all-time high. This was driven by fresh foreign inflows, buoyed by strong Q2 results. The Indian volatility index, Nifty VIX, rose 1.3% and closed at 12.1 points. Fujiyama Power Systems' shares made their debut on the bourses at a 3.5% discount to the issue price of Rs 228. The Rs 828 crore IPO received bids for 2.1 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty Auto and Nifty Financial Services closed in the green. According to Trendlyne’s Sector dashboard, Oil & Gas emerged as the best-performing sector of the day, with a rise of 1.3%.

European indices are trading in the green. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session as investors await the key labour market report, following a six-week delay caused by the government shutdown. Meanwhile, Walmart, Intuit, Ross Stores, and Gap are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like Bank of India, Titan, Angel One, and Hero MotoCorp are in the overbought zone.

  • Goodluck India's subsidiary, Goodluck Defence & Aerospace, secures an export order worth $6 million (~Rs 53.2 crore) to supply M107 ready-to-fill shells.

  • Globus Spirits’ board approves raising up to Rs 500 crore through qualified institutional placement (QIP), preferential allotment, private placement, or a mix of these routes. The company also proposes increasing the foreign portfolio investor (FPI) limit to 20% of paid-up equity, subject to shareholder approval.

  • JK Tyre & Industries is rising as its subsidiary, JK Tornel, plans to sell 40 lakh shares of Cavendish Industries to Bengal & Assam Co and JK Fenner for Rs 130.6 crore.

  • HSBC initiates coverage on metal stocks, citing strong domestic demand, competitive resource advantages, and a supportive regulatory backdrop that together point to a sustained sector upswing. It starts coverage on Hindalco and Nalco with 'Buy' ratings. The brokerage also notes rising public and private capex in transport, industrial facilities, and housing, driving higher consumption of key metals such as aluminum, steel, zinc, and copper.

  • Tilaknagar Industries rises sharply as it expands the whiskey business with the launch of the premium Seven Islands Pure Malt Whiskey following the acquisition of Imperial Blue. The whiskey segment currently contributes to 4.7% of the company's total revenue. Whiskey accounts for 66% of total alcohol consumption in India, and the management aims to capture this market to boost revenue growth.

  • Keynote Capitals retains its 'Buy' call on Lemon Tree Hotels, with a higher target price of Rs 220 per share. This indicates a potential upside of 43.1%. The brokerage believes that the company's H2FY26 will remain strong, led by an increasing pipeline of asset-light management contracts and improvements in average room rates (ARR) and occupancy. It expects the hotel's revenue to deliver a CAGR of 15.5% over FY26-27.

  • Transrail Lighting is rising as it secures orders worth Rs 548 crore, including an international transmission line engineering, construction & procurement (EPC) project in a new country in the Middle East & North Africa (MENA) region. Other orders are in the railway and poles & lighting businesses.

  • Crude oil futures edge higher after official data shows a decline in US inventories for the week ending November 14. The US Energy Information Administration (EIA) reports that commercial crude stockpiles have declined by 3.4 million barrels to 424.2 million, about 5% below the five-year seasonal average.

  • Jaiprakash Power Ventures rises after lenders approve Adani’s bid for Jaiprakash Associates (JAL), which holds a 24% stake in JP Power. The approval increases expectations of a change in ownership at JAL, which could influence JP Power’s financial position and governance. Lenders selected Adani over Vedanta based on a higher upfront payout, and the plan now awaits NCLT review.

  • Zydus Lifesciences reportedly considers raising up to Rs 5,000 crore through a qualified institutional placement (QIP) of equity shares. The company plans to use the funds to reduce debt and explore acquisitions, particularly in the US specialty medicines segment.

  • Gujarat Industries Power is rising as it expands its solar capacity by 150 MW. This takes the total commissioned capacity to 465 MW under its 600 MW Solar Power Project at the Renewable Energy Park in Khavda, Great Rann of Kutch.

  • Choice Institutional Research maintains an 'Accumulate' rating on Radico Khaitan with a target price of Rs 3,340. The brokerage highlights that the company delivered its highest-ever volume growth of 37.7% YoY in Q2, supported by strong momentum in its popular segment. It notes the company's robust growth following its re-entry into the Telangana market and Andhra Pradesh’s shift to a free-market policy.

  • Reliance Industries rises as UBS maintains its Buy rating with a target price of Rs 1,820. The brokerage expects stronger refining trends to lift oil-to-chemicals (O2C) earnings and says Reliance’s diversified crude sourcing supports margins. It sees O2C EBITDA rising from Rs 29,500 crore in H1 FY26 to Rs 34,000 crore in H2 and further to Rs 64,800 crore in FY27.

  • Biocon is falling sharply as Citibank reportedly downgrades its rating to 'Sell' from 'Buy', and lowers the target price to Rs 360 per share. This indicates a potential downside of 8.6%. The brokerage believes that the stock is trading at a high valuation and expects its biosimilar sales to miss estimates due to price softening.

  • Fujiyama Power Systems' shares debut on the bourses at a 3.5% discount to the issue price of Rs 228. The Rs 828 crore IPO received bids for 2.1 times the total shares on offer.

  • Sunil Reddy Dodla, MD of Dodla Dairy, cuts his FY26 revenue growth guidance to 10–12% from the earlier 15%, citing weak H1 sales after a muted summer season. He expects margins to remain in the 8–9% range and aims to keep market share steady at 6.5%. Dodla also says production in Maharashtra is scheduled to begin in March 2027.

  • EPack Prefab Technologies is rising sharply as it signs a memorandum of understanding (MoU) with MASCOT South Asia LLP to expand pre-engineered building (PEB) capacity by 50,000 tonnes at a capex of Rs 110 crore.

  • Spicejet rises as it converts about Rs 35.4 crore owed to aircraft lessor GASL Aviation into shares. GASL receives 83.3 lakh shares, giving it a small stake in the airline. This reduces the company’s debt and strengthens its balance sheet.

  • Mahindra Holidays & Resorts rises sharply as it enters the luxury hospitality market with a new "Mahindra Signature Resorts" brand. The company plans about Rs 1,000 crore in capex and aims for 2,000 luxury resort keys by FY30. It is also expanding its vacation ownership business to 10,000 keys and rebranding Club Mahindra as “Club M,” with a new premium membership program.

  • Citi names Cummins India as its top industrial-sector pick, citing steady demand for power generators across real estate, construction, and infrastructure. It also notes that data-centre demand remains strong from colocation players. Citi views the industrial segment weakness in Q2 as temporary and expects a recovery in the railways, defence, and marine verticals.

  • NBCC (India) is rising as it secures an order worth Rs 2,966.1 crore from the Nagpur Metropolitan Region Development Authority (NMRDA) for project management consultancy to develop Naveen Nagpur phase-1.

  • Godrej Properties acquires a 3.8-acre land parcel in Bengaluru with a 2 million sq. ft. development area and a revenue potential of Rs 2,400 crore.

  • Va Tech Wabag is rising as it secures an order worth up to $75 million (around Rs 665 crore) from the Melamchi Water Supply Development Board, Government of Nepal, to build the Sundarijal Water Treatment Plant in the Kathmandu Valley.

  • CG Power & Industrial Solutions falls as it receives a demand order worth Rs 365.4 crore from the Income Tax (IT) Department for the assessment year FY19.

  • Nifty 50 was trading at 26,099.70 (47.1, 0.2%), BSE Sensex was trading at 85,470.92 (284.5, 0.3%), while the broader Nifty 500 was trading at 23,961.80 (55.5, 0.2%).

  • Market breadth is overwhelmingly positive. Of the 2,105 stocks traded today, 1,421 were in the positive territory and 620 were negative.

Riding High:

Largecap and midcap gainers today include Mahindra & Mahindra Financial Services Ltd. (346.60, 5.1%), Hitachi Energy India Ltd. (22,397, 3.6%) and Eicher Motors Ltd. (7,125.50, 3.3%).

Downers:

Largecap and midcap losers today include Biocon Ltd. (395.15, -3.7%), Hyundai Motor India Ltd. (2,337.30, -3.5%) and UCO Bank (31.05, -2.5%).

Volume Rockets

16 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Mahindra & Mahindra Financial Services Ltd. (346.60, 5.1%), Natco Pharma Ltd. (869.30, 4.7%) and Indian Energy Exchange Ltd. (143.13, 4.4%).

Top high volume losers on BSE were Sun TV Network Ltd. (537.10, -4.1%), Sammaan Capital Ltd. (157.02, -1.6%) and Medplus Health Services Ltd. (781.35, -1.1%).

Radico Khaitan Ltd. (3,368, 4.3%) was trading at 26.3 times of weekly average. TBO Tek Ltd. (1,678, 4.2%) and IndiaMART InterMESH Ltd. (2,393.50, -0.8%) were trading with volumes 11.1 and 4.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

17 stocks made 52 week highs, while 6 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (3,839.60, 2.8%), Axis Bank Ltd. (1,285.20, 1.2%) and Bank of Baroda (288.25, -1.7%).

Stocks making new 52 weeks lows included - Tata Motors Passenger Vehicles Ltd. (359.80, -0.3%) and United Breweries Ltd. (1,740.60, -0.4%).

9 stocks climbed above their 200 day SMA including LMW Ltd. (15,583, 1.8%) and Mazagon Dock Shipbuilders Ltd. (2,829.50, 1.7%). 12 stocks slipped below their 200 SMA including Schneider Electric Infrastructure Ltd. (755, -3.5%) and L&T Technology Services Ltd. (4,331.30, -2.5%).

 
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