Indian markets are set for a data-heavy week with derivatives expiry, global cues and stock-specific developments likely to guide sentiment. Early indicators point to a steady start, while analysts expect a mixed but broadly constructive trend for benchmark indices.
According to a weekly outlook released at 7:32 AM, market experts see the Nifty and Bank Nifty trading with defined support and resistance zones as traders navigate expiry-week volatility. BL Guru’s forecast highlights support for the Nifty at 26,000–25,850 and resistance around 26,250–26,350, while Bank Nifty is expected to find buying interest near 58,300 with hurdles at 59,600.
In corporate developments, several companies were in focus early Monday.
Ather Energy unveiled its Rizta electric scooter at the Colombo Motor Show and simultaneously expanded its Sri Lanka presence with 40 new experience centres. Mankind Pharma witnessed a ₹70.02-crore block trade involving 3.14 lakh shares at ₹2,227.90. Sammaan Capital drew attention after the Supreme Court observed no misconduct in a borrower-group case; all associated loan accounts have been closed, and the company continues cooperating with investigations.
Ceigall India has incorporated a new Singapore subsidiary, Ceigall Global Pte Ltd, with SGD 10,000 capital to pursue infrastructure investments. Jyoti CNC Automation expanded its operations in France, doubling capacity at its Huron facility to support increasing aerospace demand.
Block deals were also reported in several large-cap counters. Godrej Consumer saw a ₹58.46-crore transaction involving 5.21 lakh shares at ₹1,120. Maruti Suzuki recorded a ₹53.89-crore trade for 33,894 shares at ₹15,900. Kotak Mahindra Bank saw a ₹85.15-crore block deal for 4.05 lakh shares at ₹2,099.80. IndusInd Bank clarified it has no plans to raise $1 billion via QIP and no capital-raising discussions are under way.
Electrosteel Castings confirmed receipt of a ₹253.04-crore compensation order from the Ministry of Coal, with land and soft-cost assessments still pending. RateGain Travel Technologies announced a partnership with HotelIQ to enhance global revenue-optimisation and real-time rate-shopping capabilities.
The market enters the new week after significant selling pressure on November 21. The Sensex fell 400 points to 85,231, while the Nifty declined 124 points to 26,068. Bank Nifty dropped 480 points to 58,867, and the Midcap and Smallcap indices lost 613 and 683 points, respectively.
FIIs offloaded ₹1,766 crore worth of equities, while DIIs bought ₹3,161 crore. Broader macro indicators showed Brent crude at $62, gold at $4,069 (₹1,23,796), silver at ₹1,53,252 and the rupee at 89.48 against the US dollar. India’s 2035 G-Sec yield stood at 6.56%. The NSE 100 PE was at 22.70, and the Dollar Index was trading near 100.22. India VIX jumped to 13.63, up more than 12%.
Cumulative flows show FIIs recording outflows of ₹13,841 crore month-to-date and ₹1,24,060 crore year-to-date, while DIIs have infused ₹54,321 crore in November and ₹4,29,509 crore this fiscal year.
Brokerage commentary also influenced sentiment. Jefferies initiated coverage on Shyam Metalics & Energy with a “Buy” rating and a target price of ₹1,050, implying 25% upside. The brokerage expects the company to become one of India’s top three stainless-steel producers, supported by capacity expansion and a strong balance sheet. It projects a 13% volume CAGR and 18% EPS CAGR between FY26 and FY28 and finds valuations attractive at 9x FY27E EV/EBITDA. Key risks remain a potential decline in steel prices and delays in stainless-steel capex.
Earnings activity remains light this week, with ENRIN and SUPREMEINF scheduled to report today. TRADEUNO, ONIXSOLAR and STUDDS are set to release results on November 25. In the US, post-market announcements are expected from Agilent Technologies, Symbotic Inc, Keysight Technologies, Zoom Communications and Woodward Inc.
The global economic calendar also affects sentiment. Japan’s markets remain shut for a holiday, while Germany's Ifo Business Climate data is due at 2:30 PM. ECB President Christine Lagarde is scheduled to speak later in the evening, an address closely tracked for policy cues.
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