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Markets Surge on AI Boost, IT Shares Shine
20 Nov
Summary
- Equity benchmarks gained significantly, driven by Nvidia's positive earnings and FII inflows.
- The Nifty reached a 52-week high, surpassing the 26,200 level.
- IT stocks extended their gains for the second consecutive trading session.
Equity benchmarks in India traded with significant gains in mid-afternoon trade on November 20, 2025, buoyed by positive global cues. The optimism stemmed from AI bellwether Nvidia's upbeat earnings report and sustained Foreign Institutional Investor (FII) inflows into the domestic market. The Nifty successfully traded above the 26,200 level, reaching an intra-day 52-week high of 26,246.65, while the Sensex also hit a week high.
The IT sector demonstrated robust performance, with the Nifty IT index extending its gains for the second consecutive trading session. Several IT companies, including Tech Mahindra, Mphasis, and Persistent Systems, saw notable increases in their stock prices. Despite the broader market gains, the market breadth showed a negative trend, with more shares declining than advancing on the BSE, and the India VIX indicating increased volatility expectations.
In parallel, other market indicators showed mixed movements. The yield on India's 10-year benchmark federal paper edged up, and the rupee slightly depreciated against the dollar. Global commodity markets saw Brent crude oil prices increase, while MCX Gold futures saw a marginal dip. Companies like MAN Industries and Gujarat Industries Power Company reported significant stock movements due to specific corporate announcements and project developments.
