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Informist, Tuesday, Nov. 18, 2025

By Gopika Balasubramanium

MUMBAI – While the overall trend remains positive, some analysts expect the market to come under slight selling pressure in the upcoming sessions. Some analysts expect the Nifty 50 to consolidate in the near term. Analysts reiterated that a trade deal between the US and India will be a key trigger for the Indian stock market. They said in the near-term, the domestic market would take cues from the global markets, especially the September quarter earnings of artificial intelligence giant Nvidia Corp., which is due Wednesday.

On Tuesday, the Nifty 50 closed at 25910.05 points, down 103.40 points or 0.4%. The 50-stock index touched a high of 26029.85 points intraday but could not stay above that level due to selling pressure. The BSE Sensex closed at 84673.02, down 277.93 or 0.3%. "On the lower end, support is placed at 25,850; a fall below this level might trigger further correction towards 25,700," Rupak De, senior technical analyst at LKP Securities, said. "On the other hand, resistance is visible at 26,000–26,050, above which the trend may reverse."

Speaking at the 22nd Indo-US Economic Summit organised by Indo-American Chamber of Commerce, Commerce and Trade Minister Piyush Goyal Tuesday said India-US relation continues to be very important and strategic. "I don't see any reason to be very worried, I don't believe there is any hiatus in the relation, it continues to be very very important, very strategic for both countries." His comment gains importance against the mounting impatience among exporters who have been waiting for a trade agreement between the two countries. India is currently engaged in talks with Washington for a trade deal, with the two sides having so far held five rounds of negotiations. Last week, US President Donald Trump had said the US was coming closer to making a "fair trade deal" with India.

"On the domestic front, the Commerce Ministry stated that phase one of the proposed bilateral trade agreement between India and the United States is "near closure"," said Siddhartha Khemka, head of research – wealth management, Motilal Oswal Financial Services. "This phase of the trade deal will address the 50% tariffs and market access to the US and will remain a key positive trigger for the Indian markets," he added. "Overall, while global volatility persists, stable domestic flows and optimism over the India-US trade deal could offer some support to market sentiment in the days ahead," he said.

In the beginning of this month, analysts had said they expect India to sign a trade deal with the US in the coming months to lower tariffs. If all goes well, technical analysts had expected the Nifty 50 to touch new lifetime highs in November. Currently, the index is more than 360 points away from the record high.

Investors are waiting for US September non-farms payroll data due Thursday, which would provide insights on the health of the US labour market. The data will also give cues on the US Federal Reserve's monetary policy trajectory going forward.  End

Edited by Ashish Shirke

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