Nifty 50 opens lower, after dropping 82.6 points in the pre-opening session. Indian indices closed higher on Thursday. FIIs bought shares worth Rs 283.7 crore, while DIIs bought Rs 824.5 crore in Indian equities on the same day.

Nifty Midcap 100 opens flat, while Nifty Smallcap 100 opens in the red, tracking the benchmark index. S&P BSE Energy and Nifty 100 Liquid 15 open higher. Nifty IT opens lower, tracking the tech-heavy Nasdaq 100 index, which closed 2.4% in the red on Thursday.

Major European indices closed higher on Thursday, except Russia’s RTSI and MOEX indices, which closed 0.4% and 0.7% lower, respectively. Major Asian indices are trading in the red. US indices closed lower on Thursday, with the Dow Jones and S&P 500 closing 0.8% and 1.6% in the red. Investors turned negative after the US jobs data showed the country added 1.2 lakh jobs in September, but the unemployment rate jumped 10 bps to 4.4%. The mixed jobs data also added further doubt about the Federal Reserve cutting rates in December.

• Reports suggest that 16 lakh shares (0.5% stake) of Max Financial Services, worth Rs 268 crore, have changed hands in a block deal at an average price of Rs 1,675.7 per share. Max Ventures Investment Holdings is likely the seller in the transaction.

• Rites rises as it works with African lenders and India’s Exim Bank to help African nations finance retrofitted Indian locomotives. The company is also advancing its Bangladesh coach order, with prototypes due soon and the first set targeted for early next fiscal.

• JSW Energy is falling as the Committee of Creditors (CoC) approves the resolution plan for the corporate insolvency resolution process of its stepdown arm, Raigarh Champa Rail Infrastructure (RCRIPL).

• Gujarat Pipavav Port rises as Causeway Emerging Markets Fund buys a 0.5% stake, acquiring 25.8 lakh shares for Rs 45.8 crore at Rs 177.6 each through the open market.

• Capillary Technologies' shares debut on the bourses at a 0.9% discount to the issue price of Rs 577. The Rs 877.5 crore IPO received bids for 53 times the total shares on offer.

• AWL Agri Business falls sharply as promoter Adani Commodities LLP plans to sell up to a 7% stake via block deals, with an offer size of Rs 2,501 crore and a floor price of Rs 275 per share.

• Morgan Stanley maintains an 'Overweight' rating on Leela Palaces Hotels & Resorts with a target price of Rs 562. The brokerage notes that the company’s revenue per available room (RevPAR) is growing at three times the pace of the luxury industry and sees further upside. It notes that Leela’s pure luxury positioning supports strong pricing power and forecasts mid- to high-teens EBITDA growth for FY26.

  #BrokerageRadar | Morgan Stanley says Leela’s luxury strength and expansion pipeline keep the Overweight view intact with target price ?562@MorganStanley pic.twitter.com/ljY6TwuxmS

  — ET NOW (@ETNOWlive) November 21, 2025

• Great Eastern Shipping secures contracts to sell a Suezmax crude oil tanker and to buy a secondhand Ultramax dry bulk carrier. The transactions are expected to be completed in H2FY26.

• Sandur Manganese & Iron Ore receives National Company Law Tribunal (NCLT) approval for the merger of arms Euro Industrial Enterprises, Sandur Sales and Services, Sandur Udyog with Lohagiri Industrials.

• Bharat Rasayan is rising as its board of directors sets December 12 as the record date for its 1:1 bonus issue and 1:2 stock split.

• Tata Consultancy Services partners with private equity firm TPG Terabyte Bidco to invest up to Rs 18,000 crore in a joint venture named HyperVault AI Data Centre. The venture builds large AI-focused data centres across India, including liquid-cooled and high-density facilities.

• Nifty 50 was trading at 26,138.75 (-53.4, -0.2%), BSE Sensex was trading at 85,347.40 (-285.3, -0.3%), while the broader Nifty 500 was trading at 23,913.50 (-62.0, -0.3%).

• Market breadth is overwhelmingly negative. Of the 2,103 stocks traded today, 673 were gainers and 1,359 were losers.

Riding High:

Largecap and midcap gainers today include Mahindra & Mahindra Ltd. (3,756, 1.1%), Biocon Ltd. (398.90, 1.0%) and Balkrishna Industries Ltd. (2,315, 0.7%).

Downers:

Largecap and midcap losers today include Hindalco Industries Ltd. (780.10, -2.5%), Supreme Industries Ltd. (3,500, -1.9%) and Shriram Finance Ltd. (813.15, -1.6%).

BSE 500: highs, lows and moving averages

1 stock took off, crossing 52 week highs, while 6 stocks were underachievers and hit their 52 week lows.

Stock touching their year highs included - Eicher Motors Ltd. (7,138.50, 0.2%).

Stocks making new 52 weeks lows included - Tata Motors Passenger Vehicles Ltd. (359.05, -0.2%) and United Breweries Ltd. (1,729.30, -0.6%).

3 stocks climbed above their 200 day SMA including Rites Ltd. (255.98, 3.4%) and Cochin Shipyard Ltd. (1,716, -0.5%). 9 stocks slipped below their 200 SMA including Pidilite Industries Ltd. (1,476.50, -0.8%) and Indian Overseas Bank (39.13, -0.8%).