Overview
- Early trade on Nov 20 saw fresh 52-week peaks with the Sensex touching about 85,470.96 and the Nifty near 26,136 on strong global cues.
- The Nov 19 session closed higher with the Sensex up 513.45 to 85,186.47 and the Nifty up 142.60 to 26,052.65, led by HCL Tech, Infosys and TCS, helped by domestic buying and optimism on an India–US trade deal.
- Flows turned supportive as FIIs, net sellers on Tuesday by roughly Rs 729 crore, bought about Rs 1,581 crore on Wednesday, while DIIs were consistent net buyers (about Rs 6,157 crore Tuesday and Rs 1,360 crore Wednesday).
- Sentiment improved after Nvidia’s strong results lifted tech shares across Asia and the US, even as recent Fed signals remained mixed and markets stayed sensitive to AI-linked moves.
- Morgan Stanley’s roadmap assigns a 30% probability to a bull case Sensex at 1,07,000 by Dec 2026, 50% to a 95,000 base case and 20% to a 76,000 bear case, with risks from oil above $100, RBI tightening and a US recession, and a base-case assumption of a 25 bps rate cut and progress on tariff issues.