Indian Markets Pre Market Report Nov 18,2025

🌏 Global Cues & GIFT Nifty Indication

Overnight cues are slightly risk-off. Wall Street slipped for a second day as investors booked profits in AI and tech names ahead of Nvidia’s earnings and a key US jobs report.

The S&P 500 fell ~0.9%, Dow ~1.2% and Nasdaq ~0.8% on 17 November, signalling some nervousness after a strong multi-month rally.

In Europe, the STOXX 600 closed about 0.5% lower, with Germany’s DAX down around 1.2%, as traders stayed cautious ahead of macro data and worried about an AI-driven bubble in parts of the market.

Early in Asia, futures are pointing to a soft start as well, with markets reacting to the US tech sell-off and uncertainty on the next Fed rate move.

On the domestic front, GIFT Nifty futures around 26,000 are indicating a flat to mildly negative opening, quoting near 26,012, down about 4 points (-0.02%) around early trade. Based on GiftN Nifty Indian Markets Pre Market Report Nov 18,2025.

“Global cues are mildly negative this morning, with US and European indices ending in the red. GIFT Nifty near 26,000 suggests a flat to slightly soft start for Dalal Street.”

📈 Index Snapshot – Nifty 50, Sensex & Bank Nifty

Yesterday’s close (17 November 2025):

Nifty 50: 26,013.45, up about 0.46%, reclaiming and closing comfortably above the 26,000 mark.

Sensex: 84,950.95, up 388 points (~0.46%), extending the winning streak.

Bank Nifty: 58,962.70, continuing to outperform, helped by gains in private and PSU banks.

Broader markets:

Nifty Midcap 100: 61,180.50, up 0.73%, hitting fresh high territory. Small-caps also ended in the green, contributing to strong market breadth.

“Benchmark indices extended their up-move yesterday, with Nifty closing near 26,013 and Sensex just below 85,000. Midcaps and smallcaps continued to outperform, signalling healthy risk appetite beneath the headline indices.”

🧭 Quick Recap of Yesterday’s Market Mood

The rally was broad-based – reports noted all major sectors in the green, led by financials and select autos. Financials / banks:

Nifty Bank hit a record zone, PSU banks outperformed private banks, reflecting confidence in the domestic credit cycle.

Autos: Mixed – Tata Motors PV corrected sharply (~4–5%) after trimming JLR margin guidance, while Hero MotoCorp, Maruti, M&M were positive on strong Q2 commentary.

“Yesterday’s trade was more of a follow-through rally – banks, midcaps and select autos led the charge, while a few heavyweights like Tata Motors saw profit-taking on stock-specific news.”

🏆 Nifty 50 – Top 5 Gainers & 🔻 Top Losers (17 Nov)

🔺 Top 5 Gainers (Nifty 50)

From NSE/Upstox wrap:

Eternal Ltd – +1.93%

Tata Consumer Products – +1.83%

Max Healthcare – +1.73%

Eicher Motors – +1.70%

Maruti Suzuki – +1.31%

“On the positive side, Eternal, Tata Consumer and Max Healthcare were among the top Nifty gainers as investors continued to bet on steady earnings and defensive consumption. Eicher Motors and Maruti also added to the auto strength with healthy volume trends and margin comfort.”

🔻 Key Losers (Nifty 50)

Tata Motors Passenger Vehicles slid about 4.8–4.9% after lowering its FY26 JLR margin forecast, making it one of the sharpest Nifty losers.

Other names like Asian Paints were mildly negative (around –0.9%), along with some profit-taking in high-beta counters.

“On the downside, Tata Motors PV came under heavy pressure after its JLR margin guidance disappointed the street, falling nearly 5%. A few other heavyweights saw mild profit-booking, including select FMCG and paint names, but the overall damage was contained.”

📍 Key Levels – Nifty, Bank Nifty & Sensex

🔵 Nifty 50

Close: ~26,013 Traders are broadly watching 25,800–25,700 as the immediate support zone, with deeper support closer to 25,500. On the upside, resistance is seen around 26,200–26,300, near the previous all-time zone.

“For the near term, as long as Nifty holds above 25,800, bulls may continue to buy intraday dips. A sustained move above 26,200–26,300 could open the door for a fresh leg higher towards the earlier record zone.”

🏦 Bank Nifty

Close: ~58,963, near record territory. Support is visible around 58,000, then 57,300–57,500. Resistance zone comes in near 59,500–60,000.

“Bank Nifty is still trading in a higher band. As long as it stays above 58,000, dips in quality lenders and select PSU banks are likely to attract buying.”

🟢 Sensex

Close: 84,950.95. Near-term support: 84,200–84,000 Resistance: 85,500–86,000

“Index levels are stretched but not overheated, with supports now moving higher – a sign of a market that is trying to climb slowly rather than spike and reverse.”

😬 Volatility, OI & Put–Call Ratio

India VIX

India VIX closed near 11.79, down about 1.3% on Friday, staying in the low-volatility zone.

“India VIX around 12 continues to signal a calm surface, but from such low readings, any global shock can still create sharp intraday swings – so traders should stay disciplined with position sizing and stop-losses.”

Options Data – PCR & OI

Nifty PCR (Put–Call Ratio) hovered close to 1.0–1.1, indicating a balanced to slightly put-heavy market, usually seen as mildly bullish. Bank Nifty PCR was around 1.1–1.2, reflecting decent put writing at lower strikes.

“Options data suggests a working range with put writers defending lower zones while call writers sit near the recent highs. Until PCR drops sharply below 0.8 or spikes well above 1.3, the bias stays cautiously positive.”

🧾 SEBI Rules & Policy Watch – What’s New

There are a few important regulatory headlines traders and investors are tracking:

SEBI consultation on IPO rules: The regulator has proposed simpler IPO disclosures, a concise “offer document summary” and easier handling of pre-IPO lock-in and pledged shares, to make public issues more retail-friendly.

Broader review of listing & disclosure norms: SEBI has also started reviewing LODR (Listing Obligations and Disclosure Requirements) and settlement norms to make corporate disclosures clearer and more consistent.

“On the regulatory side, SEBI is working on simpler IPO documents and tighter, cleaner disclosure norms. Over time, these changes can improve transparency and reduce information gaps for retail investors.”

🤝 India–US Trade Deal – Macro Overhang

Talks around the first phase of an India–US trade package are back in focus. Recent commentary suggests the initial tranche could be relatively detailed and aims to address high tariffs (up to 50%) on some Indian exports, especially those linked to Russian crude purchases.

Market view right now:

“A clearer India–US trade framework that caps tariffs and improves market access would be a medium-term positive for exporters, select agri names and logistics, even if the near-term market reaction remains muted and data-driven.”

📦 IPO & Primary Market Update

Plenty of action continues in the primary market:

Capillary Technologies India IPO (mainboard) Open: 14–18 November 2025 Price band: ₹549–₹577 Issue size: ~₹877.5 crore (₹345 crore fresh issue + OFS).

PhysicsWallah IPO Already closed; listing on 18 November on both NSE and BSE after a subscription of about 1.8x, with modest positive GMP expectations.

SME listings today:

Mahamaya Lifesciences and Workmates Core2Cloud are scheduled to list on 18 November in the SME segment.

“Primary market activity stays busy, with Capillary Technologies closing its issue today and PhysicsWallah listing on the mainboard. SME listings like Mahamaya Lifesciences and Workmates Core2Cloud keep the broader IPO pipeline active.”

💰 FII & DII Flow – Cash Market (17 Nov)

From NSE / Moneycontrol provisional data:

FII (Foreign Institutional Investors) Gross Buy: ~₹13,339 crore Gross Sell: ~₹12,896 crore Net: +₹442 crore (net buyers)

DII (Domestic Institutional Investors) Gross Buy: ~₹12,976 crore Gross Sell: ~₹11,510 crore Net: +₹1,466 crore (net buyers)

“Both FIIs and DIIs were net buyers on Friday, with domestic institutions again providing strong support. This tug-of-war, currently tilted towards inflows, continues to cushion corrections in the broader market.”

🪙 Commodities & Currency – Latest Levels

Approx domestic and global levels as of early 18 November:

Gold (India) 24K: ~₹1,22,954 per 10g 22K: ~₹1,12,708 per 10g

Silver (India): ~₹1,55,450 per kg (national average; city quotes can be higher, e.g., ~₹1.66 lakh/kg in Mumbai).

Brent crude: around $63–64 per barrel in early trade.

USD–INR: near 88.6 per USD in futures/FX quotes.

“Macros remain reasonably manageable for now – crude is not running away, the rupee is stable around 88.5–89 versus the dollar, and domestic bullion is tracking global moves plus local festive demand.”

💡 Trader View (Short Term) vs Investor View (Long Term)

Short-Term Trading View

“For the next few sessions, traders will watch 25,800 on the downside and 26,200–26,300 on the upside for Nifty. As long as the index holds above support, dips in strong pockets like banks, autos and select domestic themes may continue to get bought, while stretched stocks in sectors facing global headwinds (IT, export-heavy names) can see bouts of profit-booking.”

Long-Term Investor View

“For long-term investors, the bigger story of steady domestic growth, healthy corporate balance sheets and consistent SIP/DIIs inflows remains intact. Instead of chasing every intraday move, using broad market corrections to accumulate quality large-caps and leaders in banks, autos, infra, consumption, defence and energy still looks like a sensible approach – with proper asset allocation and risk control.”

⭐ Stock of the Day (for Study, Not a Call)

Based on Nifty action, one good “chart to study” from yesterday is:

Stock of the Day: Eicher Motors Move: about +1.7% on the day, featuring in the top Nifty gainers list.

“Today’s stock to study is Eicher Motors – not a recommendation, but a clean example of how the market rewards steady earnings, premium positioning and strong balance sheet. The stock added nearly 2% yesterday, extending its up-move with decent volumes.”