Week of November 17 – November 21, 2025
The trading week manifested as a complex study in market bifurcation. While frontline indices like the Nifty 50 and Sensex secured weekly gains, the broader market succumbed to intense selling pressure, signaling a classic "flight to quality."
The week was defined by sectoral rotation into defensive IT and Auto stocks, global pressure from a strengthening dollar and geopolitical tensions, and domestic resilience anchored by buoyant GDP forecasts. The market now stands at a critical juncture, balancing bullish momentum against global uncertainties.
| Index | Previous Week Close | 21 Nov Close | Absolute Change | % Change | Direction |
|---|---|---|---|---|---|
| Nifty 50 | 25,910.05 | 26,068.15 | +158.10 | +0.61% | Up |
| Nifty Midcap 150 | 22,331.25 | 22,151.15 | -180.10 | -0.81% | Down |
| Nifty Smallcap 100 | 18,252.50 | 17,847.50 | -405.00 | -2.22% | Down |
| BSE Sensex | 84,562.78 | 85,231.92 | +669.14 | +0.79% | Up |
SBI released a report projecting India’s Q2 GDP growth at 7.5%, significantly higher than the RBI’s 7% estimate. This strong fundamental backdrop is validating the "buy on dips" strategy for long-term investors.
Reports of a potential US-brokered Ukraine-Russia peace deal introduced volatility. Concurrently, US sanctions on Russian oil majors led Reliance Industries to halt Russian crude imports, impacting the energy sector.
Uncertainty over the Fed's interest rate trajectory led to a spike in US bond yields and a stronger Dollar. This exerted pressure on the Rupee and triggered FPI selling, though DIIs absorbed the supply.
Investors pivoted towards IT (+1.61%) and Auto (+1.09%) as defensive bulwarks against broader sell-offs in interest-rate sensitive sectors like Realty (-3.78%) and Metals (-3.36%).
| Sector | Weekly % Change | Key Driver |
|---|---|---|
| Nifty IT | +1.61% | The star performer, acting as a defensive bet amidst global uncertainty and buoyed by hopes of a favorable India-US trade environment. |
| Nifty Auto | +1.09% | Driven by strong wedding season demand and positive brokerage commentary regarding post-festive trends. |
| Bank Nifty | +0.60% | Showed resilience, acting as one of the twin engines of growth alongside IT, despite volatility in NBFCs. |
| Nifty Midcap 150 | -0.81% | Succumbed to selling pressure, signaling a "distribution phase" as investors booked profits in valuation-rich segments. |
| Nifty Metal | -3.36% | Hit by a rising dollar, fears of cheap imports, and a fire accident at Hindalco's Novelis plant. |
| Nifty Realty | -3.78% | The worst performer due to dashed hopes for rate cuts and profit-booking in debt-heavy companies. |
| Company |
|---|
| Eicher Motors |
| Maruti Suzuki |
| Mahindra & Mahindra |
| Tata Consumer |
| Max Healthcare |
| Company |
|---|
| JSW Steel |
| Hindalco |
| Tata Steel |
| Bajaj Finance |
| HCL Technologies |
As we enter the final week of November, the market remains in a volatile "Sell on Rise" or "Buy on Deep Dips" texture. The surge in India VIX suggests choppy waters ahead.
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