Nifty Just 85 Points from Record Peak as Bulls Tighten Grip

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Heavyweights powered the market higher, futures premium widened, and strong global cues fuelled momentum—suggesting a potential all-time high breakout ahead.

By S JHA

Mumbai, November 20, 2025 — Indian equities extended their rally on Thursday, with the Nifty 50 closing at 26,192—its freshest 52-week high and now just 85 points short of its September 2024 all-time high. The index opened with a gap-up and sustained its upward stride throughout the session, buoyed by strong global market sentiment across Asia and Europe.

Angel One noted that the futures premium widened sharply against the spot, reflecting firm bullish sentiment. Short-covering between 26,000–26,100, coupled with aggressive Put open interest additions at 26,100–26,200, signals that the upmove may continue.

Sector performance was mixed. IT paused after a strong rally, but the robust technical structure suggests continued outperformance. Financial Services and Infrastructure led the gains, while PSU Banks slipped. In the broader market, selective buying was seen in FMCG, banks and autos, even as profit-booking hit IT and metals.

Among Nifty stocks, Eicher Motors, Bajaj Finance and Bajaj Finserv emerged as the top gainers, while Asian Paints and HCL Tech fell over 1%.

Technically, Nifty appears poised for a breakout above its all-time high. Angel One highlighted that the recent surge, driven largely by heavyweights, is likely to broaden once a decisive breakout occurs. Traders are advised to maintain a positive bias and treat dips as fresh buying opportunities.

Market sentiment remained steady and largely volatility-free, with investors turning cautious ahead of major global cues.

(Disclaimer: This article doesn’t recommend any kind of trades in the stock market)