NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on November 20

The Indian equity markets are set to open higher on Thursday, November 20, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 68 points to 26,139 amid positive cues from Asian markets.

The Indian equity benchmarks resumed their winning streak on Wednesday, November 19, after a day's pause in the previous session led by gains in information technology heavyweights like Infosys, Wipro, HCL Technologies and Tata Consultancy Services. The SENSEX rose as much as 564 points and NIFTY50 index closed above its psychologically important level of 26,000.

Asian markets

Asian markets were trading sharply higher powered by gains in chip makers after strong earnings posted by Nvidia pushed back concerns regarding bubble in the AI sector.

Japan's Nikkei rose 3.11%, South Korea's Kospi advanced 2.58%, Hong Kong's Hang Seng rose 0.07% and Taiwan Weighted climbed 2.6%.

Nvidia’s sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company, according to a report by news agency AP

The results announced late Wednesday provided a pulse check on the frenzied spending on AI technology that has been fueling both the stock market and much of the overall economy since OpenAI released its ChatGPT three years ago. Nvidia has been by far the biggest beneficiary of the run-up because its processors have become indispensable for building the AI factories that are needed to enable what’s supposed to be the most dramatic shift in technology since Apple released the iPhone in 2007, AP report added.

Wall Street update

US stocks ended higher on Wednesday after swinging between gains and losses.

The S&P 500 rose 0.38%, Dow Jones Industrial Average advanced 0.1% and tech heavy Nasdaq rose 0.59%.

Nvidia shares gained more than 5% after ending the regular session up 2.8% as the artificial intelligence leader forecast fourth-quarter revenue above Wall Street estimates. Shares of Advanced Micro Devices rose 2.8% after the bell, while Alphabet was up 1.6% and Palantir Technologies was up 4%, according to a Reuters report.

FII/DII activity

Foreign institutional investors bought shares worth ₹1,581 crore on Wednesday while domestic institutional investors bought shares worth ₹1,360 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹7,473 crore and for the calendar year they have been net sellers to the tune of ₹1,47,383 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

NBCC (India) has bagged an order from Nagpur Metropolitan Region Development Authority (NMRDA) for PMC for the Development of Naveen Nagpur for NMRDA-Phase-1. Broad consideration or size of the order(s)/contract(s) is approximately ₹2966.10 crore (Excl. GST). The said work is in the normal course of business of the Company.

Adani Enterprises, the flagship firm of Adani Group, outbid Vedanta and Dalmia Bharat to win the bid for JAL.

"The Committee of Creditors (COC) of Jaiprakash Associates Limited (JAL), a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC), has approved the Resolution Plan submitted by Adani Enterprises Limited (AEL)," AEL said in a stock exchange filing.

Adani got the maximum 89% votes from creditors, followed by Dalmia Cement (Bharat) and Vedanta Group, it added.

With this, the total installed and commercial capacity of the NTPC group has become 84,924 MW, a regulatory filing said.

According to the statement, the company informed about the declaration of the commercial operation date of part capacity of 75.50 MW out of 1,255 MW Khavda-I Solar PV Project under CPSU scheme Phase-II Tranche-III in Gujarat of NTPC Renewable Energy Ltd, a step-down subsidiary of NTPC Ltd, through its subsidiary NTPC Green Energy Ltd, from November 19, 2025.

The expiry of the shareholder lock-in period makes the equity shares eligible for trading. However, it does not mean that all shares will be sold in the open market.

"The eligible shareholders can tender their equity shares during the tendering period, i.e., from November 20, 2025, to November 26, 2025.

"The buyback is being undertaken by the company after taking into account the strategic and operational cash needs of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its capital allocation policy," Infosys said.

The BOM comprises the CEO, key managerial personnel, and senior business leaders of the company, Reliance Power said in an exchange filing.

"The creation of the BOM represents a step in pursuit of stronger governance, sharper oversight mechanisms and building a more agile and future-ready organisation," the company said.

Trade setup

On the technical front, the NIFTY50 negated the bearish engulfing pattern by closing above the 26,000 level, indicating indecisiveness in the market direction. Experts believe that, in the absence of major positive triggers, the index would continue to consolidate further with volatility.

On the options data front, the 26,000 calls and puts continued to hold the highest open interest, indicating indecisiveness by traders for the direction of the market. However, the 25,900 puts and 26,500 calls witnessed heavy open interest addition at the second level, indicating a broad range for the coming monthly expiry.