Nifty Bulls Take a Breather as 26,000 Holds Strong; PSU Banks, Realty, and IT Drag Market Down

Nov 18, 2025

IREDA (-1.75%): Shares declined after reports indicated a Rs 3,000 crore QIP planned at a discount of 5% to the CMP, involving several major bankers.
Faze Three (+7.35%): The Ashish Kacholia-backed textile stock hit an eight-week high as volumes spiked amid optimism over potential reductions in US tariffs.
Bombay Burmah Trading Corporation (+9.76%): The stock rose despite ending its e-auction agreement with MSTC, with the firm stating no operational impact from the decision.
Kaynes Technology (-5.58%): Shares dropped as the lock-in ended, enabling trading of 11.6 million shares, or 20% equity, worth about ₹7,233 crore.

PSU Bank | Nifty PSU Bank (-0.16%): The index settled marginally lower following a two-day rally, with 4 PSU banks rising while 8 finished in the red.
Realty | Nifty Realty (-1.91%): The index slid as all 10 constituents declined, with DLF and Lodha Developers among the worst performers.
IT | Nifty IT (-1.10%): All 10 IT stocks ended in the red, with Infosys and Tech Mahindra exerting the most pressure on the index.
Metal | Nifty Metal (-1.07%): The index slipped as a stronger dollar pressured metal prices, leaving Jindal Stainless as the only gainer while the remaining 13 stocks declined.

Technical Level: Nifty began flat and met resistance at the 26,030 zone, triggering a sharp drop to 25,900. It bounced slightly afterward but ended close to the support area.
Advance-Decline Ratio: With 968 advances against 2,168 declines, market sentiment remained weak as losers heavily outpaced gainers.
The Big Picture: India and Russia are preparing to finalise new pacts and initiatives ahead of President Putin’s New Delhi visit, with Jaishankar and Lavrov holding extensive talks in Moscow.
FII/DII Activity (Nov 17, 2025): DIIs recorded net inflows of ₹1,466 crore, while FIIs added ₹442 crore, keeping overall flows firmly positive.

IPO Corner: Excelsoft Technologies’ IPO opens tomorrow, drawing investor focus as they track early subscription momentum.
Macro: Japan’s Balance of Trade (Oct) and the UK’s Inflation Rate YoY (Oct) are scheduled for release tomorrow.
Index Watch: Nifty ended close to 25,900 after losing the 26,000 level. Are the bulls taking a breather before attempting a push past 26,000, or are the bears slowly gaining control?

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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