Indian shares extended gains on Wednesday, lifted by advances in heavyweight IT and banking stocks despite mixed global cues. The Nifty 50 rose 0.55% to 26,052.65, while the Sensex ended 0.61% higher at 85,186.47.
The rally pushed the BSE market capitalisation to ₹475.6 trillion, adding nearly ₹1 trillion to investor wealth during the session.
Context: India–US Trade Talks Support Sentiment
Markets held a steady tone as investors tracked the first phase of discussions on an India–US trade deal, which has supported export-oriented sectors. Broader indices, however, remained largely unchanged, signalling measured participation.
Key Triggers for Thursday
Analysts expect the Nifty 50 to maintain a gradual upward bias, though moves may stay limited as global macro data unfolds.
Key events being watched:
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UK and Eurozone inflation data due later on Thursday
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US employment indicators expected a day later
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Developments in India–US trade negotiations
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Reaction to Nvidia’s strong quarterly results
Nvidia Earnings Lift Global Tech Sentiment
Nvidia reported $57 billion in Q3 revenue, up 22% quarter-on-quarter and 62% year-on-year.
Net income rose 65% to $31.91 billion.
The company projected $65 billion in Q4 revenue, topping analyst estimates. Shares gained 4% following the announcement.
Stocks to Watch on 20 November
PB Fintech (POLICYBZR)
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Buy: ₹1,850
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Target: ₹1,990
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Stop loss: ₹1,785
The stock broke above a key supply region and is trading firmly above major moving averages with steady volumes.
Cigniti Technologies (CIGNITITEC)
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Buy: ₹1,793
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Target: ₹1,919
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Stop loss: ₹1,725
A close above a major resistance band and strong volume support indicate continued positive momentum.
Cyient (CYIENT)
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Buy: ₹1,152
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Target: ₹1,200
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Stop loss: ₹1,120
A short-term reversal pattern has formed, with support holding near ₹1,120.
Bajaj Finance (BAJFINANCE)
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Buy: ₹1,005
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Target: ₹1,050
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Stop loss: ₹990
Rebound from a key support level suggests room for a move toward the next resistance zone.
Astral (ASTRAL)
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Buy: ₹1,440
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Target: ₹1,500
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Stop loss: ₹1,420
A bullish reversal on the daily chart points to a potential short-term rise.
Sona BLW Precision Forgings (SONACOMS)
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Buy: ₹506.95
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Target: ₹530
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Stop loss: ₹495
The stock broke above the 500 level after holding the 200-day moving average, with RSI strength signalling further gains.
Samvardhana Motherson International (MOTHERSON)
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Buy: ₹112
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Target: ₹120
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Stop loss: ₹109
Strong support at ₹102 and a move above the 50-EMA underline improving sentiment.
Bharat Forge (BHARATFORG)
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Buy: ₹1,446
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Target: ₹1,510
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Stop loss: ₹1,415
A breakout above ₹1,415 and higher-bottom patterns maintain a positive bias.