Latest Stock Market News

As of November 21, seven stocks in the NSE F&O segment recorded a strong rise in futures open interest, signalling increased derivatives participation and expanding trader positions. Astral, Blue Star, Eicher Motors, Zydus Lifesciences, PI Industries, IRCTC and Titagarh Rail Systems posted double-digit OI gains, indicating heightened market activity.

Kotak Mahindra Bank shares will be in focus following the board s approval for a 1:5 stock split. This move aims to make shares more affordable and boost market participation, especially from retail investors. The bank has not yet announced the record date for this corporate action. Recent quarterly results showed profit in line with estimates, with net interest income rising.

Tata Power is set to be a key stock on Monday following the signing of agreements for Bhutan s massive Rs 13,100-crore Dorjilung Hydroelectric Power Project. The company will invest Rs 1,572 crore in this 1,125 MW project, a significant Indo-Bhutan energy collaboration aiming for commissioning by September 2031, with 80% power to be supplied to India.

InterGlobe Aviation, the parent company of IndiGo, will join the 30-stock Sensex benchmark replacing Tata Motors Passenger Vehicles from December 22. This inclusion signifies aviation s entry into the index, replacing automobiles, and is expected to trigger portfolio realignments among index-tracking funds.

As of November 21, five Nifty500 stocks closed more than 1.5% below their VWAP levels, signalling potential bearish pressure. A close below VWAP indicates the stock ended the session below its volume-weighted average price, often reflecting rising selling interest and weakening intraday sentiment.

India s equity markets are poised for growth after a year of consolidation, with valuations normalizing and earnings momentum improving. Edelweiss Mutual Fund anticipates 2026 could initiate an earnings upgrade cycle, driven by domestic consumption, financials, and government infrastructure spending.

PSU bank stocks are showing signs of exhaustion after a strong rally, with indicators like Shooting Star candles and MACD crossovers suggesting a potential pullback. Investors are advised to wait for dips before turning bullish again. Nifty Bank also witnessed an evening star formation, hinting at possible downside moves.

India’s consumption trends are shifting as Q3 demand shows revival in value fashion and jewellery, supported by GST cuts and festive buying, says JM Financial’s Gaurav Jogani. While premium apparel and QSRs remain weak, jewellery sees strong value-led growth despite soaring gold prices. Recovery in QSR volumes will be gradual, with mid-premium brands facing the biggest pressure.

Sudeep Pharma’s Rs 895-crore IPO has seen strong early interest, already oversubscribed on Day 1 with robust demand from retail and NII investors. A rising grey-market premium hints at positive listing expectations. Backed by strong financial growth, advanced manufacturing capabilities, and favourable sector tailwinds, the issue appeals to long-term investors.

Traders remained cautious as the yen faced potential intervention, with Japan s finance minister issuing strong warnings. Meanwhile, the British budget announcement looms, impacting sterling. The New Zealand dollar is poised for a rate cut, while Australian inflation data will be closely watched. Global markets saw a steady dollar index amidst these key economic events.