Stock market next week: Buoyed by the stronger-than-anticipated showing of the National Democratic Alliance (NDA) in the 2025 Bihar elections, the Sensex bounced back by over 500 points from its intraday low to close in positive territory on Friday, November 14.
Earlier in the day, the Indian stock market was largely under pressure due to a global selloff, with the Sensex falling to an intraday low of 84,029.32 and the Nifty 50 slipping to 25,740.80 during the session.
“Markets staged a strong rebound during the week, ending firmly in the green after the recent phase of weakness. Sentiment was upbeat from the start, supported by favourable domestic cues, though volatility in the later sessions—driven largely by mixed global developments—capped the overall momentum. Despite this, both benchmark indices gained over one and a half per cent, with the Nifty closing at 25,910.05 and the Sensex settling at 84,562.78,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.
According to Mishra, the sharp drop in inflation, paired with stable macroeconomic fundamentals, offers a supportive backdrop for equities.
“Investors should continue to adopt a stock-specific approach, with preference for sectors benefiting from domestic demand. For traders, a buy-on-dips strategy remains favourable as long as the Nifty sustains above key support levels. Considering the critical domestic and global macro data lined up, maintaining disciplined risk management, appropriate stop-loss levels, and timely sector rotation will be essential,” Mishra added.
Top five triggers for the Indian stock market
FOMC meeting minutes
The US September jobs report from the Bureau of Labour Statistics is expected on November 20. However, it remains unclear whether the October data will be released, as the government shutdown disrupted data collection efforts.
“Globally, market mood will be shaped by key U.S. economic releases, including the minutes of the latest FOMC meeting,” Mishra said.
AI-related stocks
AI-related stocks were in the limelight last week, as a sharp sell-off led to a steep decline in Wall Street indices. Nvidia—widely seen as the top market beneficiary of the AI surge—recovered from a sharp early decline to end with a modest 0.1% gain, helping lift broader market indices along the way.
According to Mishra, the ongoing volatility in AI-linked stocks will remain a key factor to watch, given its potential to influence broader market sentiment.
(This is a developing story)
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