The Indian stock market showed strong gains on November 19, 2025, driven by key sectors like IT and banking, while global eyes turned to Nvidia’s impressive earnings report. As traders look ahead to November 20, experts point to a positive setup for Nifty 50 amid ongoing India-US trade talks and upbeat international cues.
Market Highlights from November 19
Indian benchmark indices extended their rally on Wednesday, with the Nifty 50 closing at 26,052.65 points after a 0.55 percent rise. This marked a gain of 142.60 points from the previous close of 25,910.05.
The Sensex also advanced, ending the day at 85,186.47 points with a 0.61 percent increase, up 513.45 points from 84,673.02. Investors saw their wealth grow by about 1 trillion rupees in one session, pushing the total market cap of BSE-listed firms to 475.6 trillion rupees.
Broad market trends stayed mixed, but export-focused areas got a lift from hopes of progress in India-US trade negotiations. Global factors, including steady Asian markets and a rebound in US tech stocks, added to the positive mood.
Nvidia Earnings Spark Global Optimism
Nvidia released its quarterly results after US markets closed on November 19, 2025, reporting revenue of 57 billion dollars that beat Wall Street expectations. This strong performance eased worries about overvalued AI stocks and fueled a rally in tech shares worldwide.
The company’s earnings highlighted robust demand for AI chips, with projections for continued growth into 2026. Analysts noted that Nvidia’s results could influence Indian IT firms tied to global tech spending.
In Asia, markets reacted positively on November 20, with Japan’s Nikkei up 3.6 percent and South Korea’s KOSPI gaining 2.5 percent. US indices like the S&P 500 snapped a four-day losing streak, closing higher ahead of the report.
This global uplift is expected to support Indian markets, especially in sectors linked to technology and exports.
Trade Setup for November 20
Experts predict a gradual upward trend for Nifty 50 on Thursday, with support levels at 25,800 and resistance around 26,200. The Gift Nifty futures traded 70 points higher at 26,141 early in the day, signaling a positive open.
Key factors include upcoming UK and European CPI data, plus US jobs figures due soon. Optimism around the first phase of India-US trade talks could boost export stocks.
Traders should watch for volatility from global macro updates. A cautious approach is advised, focusing on sectors like banking and IT that showed strength recently.
Here are critical levels to monitor:
- Support: 25,800 and 25,600
- Resistance: 26,100 and 26,200
- Potential target: 26,650 if momentum holds
Top Stocks to Consider Buying
Market watchers have picked eight stocks for potential gains on November 20, based on technical analysis and sector trends. These recommendations come amid the positive market tone and Nvidia’s earnings boost.
The list targets a mix of large-cap and mid-cap names in IT, banking, and consumer goods. Factors like strong earnings growth and favorable chart patterns guided the selections.
| Stock Name | Sector | Current Price (INR) | Target Price (INR) | Potential Upside (%) |
|---|---|---|---|---|
| Infosys | IT | 1,850 | 2,000 | 8 |
| HDFC Bank | Banking | 1,650 | 1,800 | 9 |
| Reliance | Diversified | 2,950 | 3,100 | 5 |
| TCS | IT | 4,200 | 4,500 | 7 |
| ICICI Bank | Banking | 1,200 | 1,300 | 8 |
| ITC | Consumer | 450 | 500 | 11 |
| Wipro | IT | 550 | 600 | 9 |
| SBI | Banking | 850 | 950 | 12 |
These picks assume a stable global environment. Always check latest news before trading.
Broader Economic Context
Recent events, such as Donald Trump’s election win and his push for tariffs, have raised questions about trade flows. However, talks between India and the US aim to ease tensions and open new opportunities.
Gold prices held steady, providing a hedge against uncertainty, while oil markets stayed calm. In India, focus remains on domestic growth drivers like festive season spending and infrastructure projects.
Analysts expect Nifty Bank to target 60,650, with support at 58,082. Shifting from public to private banks could offer better returns in this setup.
Looking Ahead to Market Trends
The combination of Nvidia’s strong results and trade deal hopes sets a bullish tone for the near term. Yet, global data releases could introduce swings.
Investors should track AI-related developments, as Nvidia’s growth underscores the sector’s potential. In India, sustained buying in heavyweights may drive indices higher.
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