Indian equity benchmarks ended lower on Friday for the second session in a row. Markets will be watching for the developments in Europe and the statements from Federal Reserve officials on the future stances on interest rates. Though price pressures have declined a bit, retail inflation indices are raging against the limits prescribed by the central banks. 

“Technically, this pattern indicates an emergence of buying interest from the lows. Nifty took the support of the 10-day EMA (exponential moving average) at 18,247. The Nifty continues to show consolidation movement with weak bias at the highs and still, there is no formation of any significant top reversal pattern. Hence, further consolidation or minor weakness from here could find support around the 18,100 level and there could be an upside bounce from the lows,” said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

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Indian Indices

The Sensex fell 87.12 points or 0.14% to 61,663.48 while the Nifty was down  36.25 points or 0.20% to 18,307.65 at the end of the trading session on Friday. The Sensex moved in a high-low band of 61,929.88 and 61,337.43. There were 11 stocks advancing against 19 stocks declining. The Nifty traded in a range of 18,394.60 and 18,209.80. There were 14 stocks advancing against 35 stocks declining and 1 stable in the Nifty index.

Broader Indices

The broader indices ended lower with the BSE MidCap index losing 0.44% and the SmallCap index down by 0.45%. The top losing sectoral indices on the BSE were Auto down by 1.23%, Energy 0.73%, Oil & Gas 0.73%, Consumer Discretionary 0.63%, and Capital Goods 0.59%. While Realty up by 0.14% and Bankex 0.04% were only gaining sectoral indices on BSE.

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India VIX Index

Nifty or India VIX, a gauge of the market’s expected volatility over the near term, fell 3.28% to 14.39 on Friday.

Support and Resistance level

The key support level for the Nifty is placed at 18,233, followed by 18,190 & 18,119. If the index moves up, the key resistance levels to watch out for are 18,375 followed by 18,418 and 18,489, according to pivot charts.

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US Markets 

The S&P 500 rose 18.78 points, or 0.48%, to 3,965.34 points on Friday

The Dow Jones Industrial Average rose 199.37 points, or 0.59%, to 33,745.69 points. 

The Nasdaq rose 110 points, or 0.0099%, to 11,146.06 points

The Russell 2000 index of smaller companies rose 10.61 points, or 0.58%, to 1,849.73 points.

Asian Markets

Asian markets settled mostly lower with the KOSPI Composite up by 0.06%, the Nikkei 225 down by 0.11%, Shanghai Composite down by 0.58%, and the Hang Seng down by 0.29%.

European Markets

European markets ended higher on Friday. UK’s FTSE 100 rose 0.53%, France’s CAC rose 1.04%, and Germany’s DAX advanced 1.16%.

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Bulk Deal data

TPG Growth IV SF PTE Ltd sold 5,42,15,250 shares in FSN E-Commerce Ventures Ltd (Nykaa) at Rs 184.55 per share on the NSE.

IDBI Trusteeship Services Ltd sold 1,10,00,000 shares in Hindustan Construc Co. at Rs 17.61 per share on the NSE.

M/s Prarthana Enterprises bought 2,30,300 shares in Vertoz Advertising Ltd at Rs 167.33 per share on the NSE.

Sawarnbhumi Vanijya Private Ltd bought 1,52,924 shares in Apollo Micro Systems Ltd at Rs 237.27 per share on the NSE.

Veena Rajesh Shah bought 1,26,000 shares in Ushanti Colour Chem Ltd at Rs 62.52 per share on the NSE.

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DII and FII data

Foreign institutional investors (FIIs) have sold shares worth a net of Rs 751.20 crore, whereas domestic institutional investors (DIIs) bought shares worth a net of Rs 890.45 crore on November 18, as per data available on the NSE.


Balrampur Chini Mills, Indiabulls Housing Finance, BHEL, Delta Corp, Sun TV Network, Punjab National Bank, and Gujarat Narmada Valley are securities placed under the F&O ban for November 21. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.