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Informist, Friday, Nov. 21, 2025

 

By Gopika Balasubramanium

 

MUMBAI – A new record high proved elusive for Nifty 50 as it closed marginally lower Friday, but analysts remain optimistic of this happening in the first half of next week. Both the indices remained in the red throughout the session, likely because of profit-booking. The rupee hitting a new record low may also have affected market sentiment, analysts said. Investors mainly sold shares of metal and real estate companies. However, some automobile companies bucked the weak trend.

 

It is worth noting that, India's headline indices fared better than most of their Asian peers. Chinese, Japanese, and South Korean markets ended lower by at least 2%. The sentiment was negative across the globe tracking overnight fall in the US indices. The indices fell despite a better earnings guidance from Nvidia Corp. the previous day. Investors likely went into a selling spree as data showed that the US unemployment rate rose at a faster pace in September even when the jobs added during the month were higher than expected. This sharply brought down expectations of a cut in the federal funds target range at the US Federal Reserve's meeting in December, souring investment sentiment.

 

The Nifty 50 ended at 26068.15 points, down 124 points or 0.5%. The 50-stock index rose to a high of 26179.20 points, just 98 points short of the lifetime of 26277.35 points touched on September 2024. Though the index recovered from the day's low at least twice during the session, it fell sharply towards the end of the session to close below the crucial 26100 points. Analysts had said it was important for the index to close above 26100 points for further upside. The 50-stock index fell as low as 26052.20 points during the day.

 

Broader market indices took a bigger hit than the benchmarks. Both the mid- and small-cap indices closed more than 1% lower. The BSE Sensex closed at 85231.92 points, down 400.76 points or 0.5%. The India VIX, which measures the nervousness among investors, surged 12% to end at 13.63.

 

Investors sold shares of metal companies due to concerns that domestic steel prices would decline after the steel ministry eased import procedures for steel grades not covered under quality control orders, removing the requirement for importers to obtain a clarification or no objection certificate from the ministry. Shares of large-cap companies such as Hindalco Industries, Tata Steel, and JSW Steel fell nearly 3?ch. Hindustan Copper fell 4%. The Nifty Metal index closed at 10142.55 points, down 2.3%.

 

The steel ministry also extended the deadline for exemption from the mandatory quality control order for certain steel products and stainless steel flat products till Mar. 31. The ministry had earlier granted exemption from the mandatory quality control order for specified Chapter 73 steel products for imports with a bill of lading shipped on board on or before Oct. 31.

 

"The extension of QCO (quality control orders) exemptions is negative for domestic steel and stainless-steel players, as it keeps import channels open for certain grades, potentially putting downward pressure on domestic steel prices...," ICICI Securities said in a note. The brokerage said steel prices are currently trading at a one-year low of INR 48,000 per tonne. "Any reinstatement of full QCO (quality control order) compliance or tighter import norms would act as a key trigger for domestic steel players by supporting pricing and limiting low-cost imports," it said.

 

Among individual stocks, IndusInd Bank closed over 2% higher. The lender denied raising capital through qualified institutional placement, after media reports said senior management of the bank had met potential investors. Tata Consultancy Services ended marginally higher. The Tata-group company entered into an agreement with Singapore-based private equity firm TPG Terabyte Bidco, to collectively invest up to INR 180 billion in the former's wholly owned subsidiary, HyperVault AI Data Center.

 

Reliance Industries closed slightly lower. The company stopped importing crude oil from Russia for its export-oriented refinery in Jamnagar, Gujarat, likely in keeping with the sanctions by the European Union on imports of petroleum products from Russia, which will come into effect from Jan. 21.

 

Shares of Capillary Technologies closed 5% higher at INR 606.50 on the National Stock Exchange. The stock listed at INR 570.05, a discount of nearly 1% to its issue price of INR 577. Around 24 million shares changed hands on the bourse.

 

* Of the Nifty 50 stocks, 30 rose and 20 fell
* Of the Sensex stocks, 17 rose and 13 fell

* On the NSE, 784 stocks rose, 2,305 fell, and 86 were unchanged

* On the BSE, 1,278 stocks rose, 2,898 fell, and 173 were unchanged

* Nifty Metal: down 2.3%; Nifty Realty: down 1.9%; Nifty FMCG: up 0.1%

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BSE                                              NSE

Sensex: 85231.92, down 400.76 points or 0.5%     Nifty 50: 26068.15, down 124 points or 0.5%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85632.68 (Nov. 20)	: 2025 Closing High: 26192.15 (Nov. 20)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 85801.70 (Nov. 20)	: 2025 High (intraday): 26246.65 (Nov.20)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

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End

 

Edited by Ashish Shirke

 

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