Liquide Post-Market Summary 21st November 2025

The Indian markets ended lower on November 21, snapping a two-day winning streak in a volatile session. The Nifty fell below the 26,100 mark amid broad-based selling across sectors. Weak global cues led to a lower opening for Indian indices, which was followed by extended selling. Although there was some mid-session buying, the market closed near its day's lows.

Broader indices underperformed the main benchmarks, with the BSE Midcap and Smallcap indices both falling 1.3%. With the exception of FMCG, all sectoral indices ended in the red.

In the primary market, pharma excipient company Sudeep Pharma Ltd launched its IPO today. For a detailed review of its business model, strengths, risks and valuation, read our analysis here: Sudeep Pharma IPO: A Growing Player in Pharma, But Is It a Safe Bet?

NIFTY: The index opened 83 points lower at 26,109 and made a high of 26,179 before closing at 26,068. Nifty has formed a bearish candle with a long upper shadow on the daily chart. Its immediate resistance level is now placed at 26,100 while its immediate support is at 26,000.

BANK NIFTY: The index opened 231 points lower at 59,116 and closed at 58,867. Bank Nifty has formed a bearish candle with a long upper shadow on the daily chart. Its immediate resistance level is now placed around all time high of 59,000 while immediate support is around 58,700.

Stocks in Spotlight

▪ Karnataka Bank: Stock surged almost 8% after approximately 62.94 lakh shares changed hands in ten block deals at an average price of ₹186.22 per share.

▪ Billionbrains Garage Ventures: Stock jumped 5% intraday following a reported net profit of ₹471.3 crore, up 12% from ₹420.1 crore a year ago. On a sequential basis, profit increased by 25% from ₹378 crore in Q2.

▪ Hindalco Industries: Stock fell nearly 3% after reports surfaced of another fire at its Novelis unit in Oswego, New York.

Global News

▪ European and Asian markets fell on Friday, continuing a sell-off after a sharp decline in Wall Street overnight. Tech stock valuations remained a concern and mixed U.S. jobs data added to market uncertainty, reducing hopes for further rate cuts by the Federal Reserve this year.

▪ Oil prices dropped more than 2% on Friday, extending declines for the third consecutive session. The U.S. pushed for a peace deal between Russia and Ukraine, which could increase global oil supply, while ongoing uncertainty around interest rates dampened investor risk appetite.

▪ Gold prices fell over 1% on Friday and were set to close the week lower. A strong U.S. jobs report diminished expectations for a Federal Reserve rate cut in the near term, weighing on the appeal of the non-yielding metal.

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