📊Indian Markets Weekly outlook for Nov 17–21, 2025

Indian Markets Weekly View for the week of 17–21 November 2025 starts with a strong rebound in indices, firm global cues, sector rotation, and a busy IPO calendar. The week begins with a clear focus on Nifty 50 Weekly Levels, Bank Nifty Weekly Outlook, Sensex trends, commodity moves and stock-specific action from recent results.

Traders and investors enter the week with a cautiously positive mindset as markets stabilize after political clarity and good buying in PSU Banks, Pharma, and FMCG.

On Friday, 14 November 2025,

• Nifty 50 closed at 25,910.05
• Sensex ended near 84,562.78
• Bank Nifty finished at 58,517.55

This rebound came after Nifty bounced nearly 700 points from recent support levels, helped by political clarity in the Bihar election and buying in PSU banks, pharma and FMCG.

🧭 Index Snapshot & Key Levels

🔷 Nifty 50 (📊 Large-Cap Benchmark)

• Last close: 25,910.05
• Near-term support: 25,700–25,400
• Deeper support zone: 25,400–25,200 (below that, sentiment can flip quickly)
• Resistance: 25,900–26,400
• Upside trigger: Break above 26,000 could extend towards 26,200–26,500 according to multiple technical views.

Read: The index is in a sideways-to-bullish phase. As long as Nifty protects the 25,700–25,400 band on closing basis, traders will treat dips as opportunities rather than panic.

🏦 Bank Nifty

• Last close: 58,517.55
• Key supports: 58,200 and 57,500
• Resistance levels: 58,700 and 59,000

The weekly candle is strong and bullish, and the index is comfortably above 58,500. Analysts describe the setup as sideways with an upward tilt, provided global cues do not turn sharply risk-off.

📈 Sensex

• Recent close zone: around 84,500–84,600
• Support: 83,800–83,000
• Resistance: 85,000–85,500 (psychological band)

Sensex is tracking Nifty’s behavior — pullbacks are being bought, but there is visible profit-booking at higher levels.

🔍 Derivatives View – OI & Put-Call Ratio

Fresh weekly cues for 17 November:

• Nifty PCR (options, near-term): around 1.05, showing balanced but slightly bullish positioning.
• Bank Nifty PCR: around 1.0 (1.02 region in one analysis, ~0.92 live on some tools), still near neutral–positive zone.

From detailed option-chain analysis for 17 November:

• On Nifty:
  • Highest Call writing: 25,900 strike
  • Highest Put writing: 25,700 strike
  • Support band: 25,700–25,400
  • Resistance band: 25,900–26,400
• On Bank Nifty:
  • Highest Call writing: 58,700
  • Highest Put writing: 58,200
  • Support zone: 58,200–57,500
  • Resistance zone: 58,700–59,000

Interpretation:

• PCR near 1 with big Put OI at 25,700 / 58,200 = market expects range trade with positive bias.
• If Nifty sustains above 26,000 with short-covering in Calls, we can see a push to 26,200–26,400.
• If it falls below 25,400 with rising Put unwinding, sentiment may shift to “defend capital, not chase trades”.

🧾 Major Results & Stock-Specific Impact

💊Glenmark Pharmaceuticals

Glenmark Pharma reported a 72% jump in adjusted net profit and a 76% rise in revenue for Q2, driven by strong demand in North America and Europe, plus steady growth in India formulations.

• This result strengthens the pharma story and supports the outperformance in the Nifty Pharma index.
• For investors, it highlights why select pharma names are back on watchlists as steady compounders.

🏦 Muthoot Finance & SBI

• Muthoot Finance surged about 9.4% after strong profit and loan growth commentary.
• State Bank of India (SBI) closed at ₹967.35, just below its 52-week high, and has been outperforming peers.

This lines up with data showing PSU Bank index and financials among the better performing sectors into the weekend.

Impact:

• Results and price action in gold finance and PSU banks confirm that financials remain a backbone for the market.
• Healthy commentary from lenders keeps the Bank Nifty story constructive for now.

🚀 IPO & Primary Market Update

The IPO market remains busy and will directly impact liquidity this week.

From the latest IPO calendars:

• Fujiyama Power (Mainboard)
  • Issue window: 13–17 November
  • This Monday is last day to subscribe.
• Capillary Technologies (Mainboard)
  • Issue window: 14–18 November
  • In the middle of its subscription phase during this week.
• Excelsoft Technologies (Mainboard)
  • Issue window: 19–21 November
  • Fresh tech-oriented listing attracting institutional interest.
• Earlier issues like PhysicsWallah, Emmvee Photovoltaic, Tenneco Clean Air have closed and are now moving into allotment/listing phase, with Tenneco expected to list around 19 November.
• The primary market is strong, which is a sign of risk appetite.
• However, heavy IPO activity can temporarily pull funds away from secondary market stocks, especially mid-caps.
• Retail investors should look at business quality and valuation, not just “GMP” and listing pop.

🪙 Commodity Corner – Gold , Silver & Crude

🥇 Gold

Gold has had a wild ride:

• MCX gold closed the week near ₹1.24 lakh per 10g, then saw a sharp crash of nearly ₹3,500–5,000 per 10g in just 1–2 days.
• As of 16 November, typical 24K gold rates are around ₹12,508 per gram (₹1,25,080 per 10g).
• Outlook pieces now see high volatility in gold and silver for 17–21 November, thanks to Fed commentary and a stronger dollar.

For Indian investors: treat gold as long-term hedge in the portfolio, not as a weekly trading idea unless you are very active.

🥈 Silver

Silver is currently hovering near ₹1,62,000/kg in India. As long as it stays above roughly ₹1,55,000–₹1,50,000, the up-trend remains intact. A breakout above ~₹1,70,000 could open a move toward ~₹1,72,000+. Conversely, a fall below ~₹1,50,000 may signal a pause or correction.

🛢 Crude Oil – Brent

• Brent crude settled near $65.87 per barrel on 14 November.
• Over the last month, it’s only slightly higher, but still below levels seen earlier in the year.

For India, this price is manageable:

• Helps ease inflation worries,
• Supports margins for sectors like logistics, paints, chemicals, aviation over time.

💱 Currency – USD/INR

The rupee continues to trade in a narrow but weak band:

• USD/INR is hovering around ₹88.6–88.8 per USD in mid-November.

This level:

• Is supportive for exporters (IT, pharma, speciality chemicals).
• Puts some cost pressure on importers, but not at crisis levels.

For your readers, the key is: no sudden FX shock at the moment, which helps equity valuations stay stable.

🎯 Weekly Range Forecast (17–21 November 2025)

Bringing everything together — technicals, OI, PCR and macro:

Important note for your blog: clearly tell readers these are zones, not exact prediction points. Global data, US Fed commentary, or sudden news can push price outside these bands.

⭐ Last Week’s Strong Performers – 2 Stocks & 2 Sectors

🏦 Stock 1: State Bank of India (SBI)

• SBI closed at ₹967.35, very close to its 52-week high.
• It outperformed other large banks like IndusInd, ICICI Bank, and Kotak

Reason to mention: strong PSU bank leadership plus government-capex expectations made SBI a poster-child for the PSU Bank rally.

💰 Stock 2: Muthoot Finance

• Price jumped nearly 9.4% on the back of solid profit and loan growth outlook.

Why highlight: it shows NBFCs with focused niches (like gold loans) can still deliver strong moves even in a volatile market.

🏛 Sector 1: PSU Banks (Nifty PSU Bank Index)

• Nifty PSU Bank index was up about 1.17% on 14 November, leading the sector performance scoreboard.
• Investors liked a mix of election-driven policy continuity and expectation of higher capex and credit growth.

💊 Sector 2: Pharma

• Pharma index saw gains around 0.5–0.6%, helped by strong results like Glenmark Pharma and other peers.

💡 Investment View – Short Term vs Long Term

⏱ Short-Term Trading (1–4 weeks)

For traders:

• Focus on Nifty between 25,700–26,400 and Bank Nifty between 58,200–59,000 as your trading map.
• Prefer stocks with:
  • Fresh positive results or news,
  • Clean price structure (higher highs, higher lows),
  • Good liquidity.
• Avoid:
  • Illiquid small-caps just on “tips”,
  • Over-leveraged names where any bad news can hurt quickly.

Risk management: always keep closing-basis stop-losses (e.g., Nifty longs with stop near 25,700).

🧭 Long-Term Investing (1–3 years)

For long-term investors reading kartalks:

• Themes to accumulate gradually on dips:
  • Quality banks & financials: top private banks, strong PSUs, select NBFCs.
  • Pharma & healthcare: companies with clean balance sheets and global/regional growth.
  • Capital goods & infra: riding capex and government spending.
  • Select consumption & autos: where pricing power and premiumisation are visible.
• Strategy:
  • Avoid putting all capital at one price level; stagger entries.
  • Keep portfolio diversified; don’t bet everything on one sector or election story.

Further reading 👇

Indian Pre-Market Report – Nov 14, 2025

Q2 FY26 Results: BSE, Baj fn, EICHER, NH, GLENMARK

Q2 FY26 Update: Hindalco, Bajaj Auto, L&T, Airtel|kartalks

BEL, Persistent, Latent View, Chennai Petroleum, Sai Silks (Kalamandir)

Stock Market 101 — Beginner’s Course by kartalks. Lesson 4.

Stock Market 101 – Lesson 3

marketwatch

⚠️ SEBI-Style Disclaimer (Ready to Paste)

Disclaimer:
This Indian Markets Weekly View is prepared only for educational and informational purposes. It is not a SEBI-registered research report or investment recommendation. The Nifty 50 Weekly Levels, Bank Nifty Weekly Outlook, IPO details, stock discussions, commodities and currency information are based on publicly available data as of 14–16 November 2025 and may change. Readers should consult a SEBI-registered investment advisor before making financial decisions. The author is not responsible for losses arising from the use of this information.