Indian Stock Market Soars to New Heights
The Indian equity market demonstrated remarkable strength on November 20, 2025, as frontline indices closed firmly despite experiencing intraday volatility. The benchmark Sensex settled at 85,632.68, extending its upward trajectory and reflecting sustained investor confidence in large-cap stocks. Meanwhile, the Nifty 50 maintained its bullish stance, hovering in the 26,190–26,200 range throughout the trading session.
Expert Analysis and Market Outlook
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, expressed optimism about the market sentiment following Nifty's decisive break above the crucial 26,100 resistance level. According to Parekh, the index needs to maintain its position above 26,000 during Friday's opening to sustain the bullish momentum.
"The Nifty 50 index opened with a gap up and has indicated a strong breakout above the important resistance zone of 26,100 level, entering new territory with maintained positive bias," Parekh stated. She emphasized that sustaining above 26,000 could propel the index toward fresh targets of 26,700 and 27,200 in the coming sessions, provided the crucial support near 25,700 remains intact.
Banking Sector and Stock Recommendations
The banking sector showed promising signs, with the Bank Nifty index continuing its upward movement. Parekh highlighted that frontline banking stocks including HDFC Bank, ICICI Bank, and Axis Bank are displaying strength that could drive the index toward targets of 60,500 and 63,000 levels.
For immediate trading, Parekh identified 26,000 as support and 26,400 as resistance for Nifty, while Bank Nifty is expected to trade between 58,800 and 60,000.
Parekh recommended three stocks for today's trading session:
- Hindustan Oil Exploration Company (HOEC): Buy at ₹137, Target ₹142, Stop Loss ₹134
- Sun Pharma Advanced Research (SPARC): Buy at ₹135, Target ₹145, Stop Loss ₹132
- CAMS: Buy at ₹4000, Target ₹4250, Stop Loss ₹3900
The broader market presented a mixed picture, with midcaps witnessing mild traction while small caps saw limited participation, indicating selective risk appetite among investors.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
