Quote on Evening Markets 18th November 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Below the Quote on Evening Markets 18th November 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Indian equities ended lower on Tuesday, snapping a six-day winning run as the Nifty slipped below 25,900, weighed by broad-based selling. The Sensex dropped over 250 points to hover near 84,700, while the Nifty declined more than 70 points as investors turned cautious ahead of key U.S. economic data that could influence expectations of a December Fed rate cut.
Most sectoral indices closed in the red, with IT, metals and realty down around 1% each. Midcap and smallcap gauges shed 0.6% apiece, signalling pressure in the broader market. Bharti Airtel, Axis Bank, Power Grid and Shriram Finance were among the notable Nifty gainers, while Tech Mahindra, Tata Consumer Products, Jio Financial and InterGlobe Aviation dragged
The expiry day also saw sizeable block deals worth nearly ?9,000 crore across ITC, Mphasis, Paytm and Emcure Pharma. In the Nifty 500 basket, stocks such as Kaynes Tech, One Source, Emcure Pharma and Alembic Pharma featured among the top losers.
We note sustaining levels above 26,000 remains crucial for the Nifty, with 25,850-25,900 expected to act as an immediate support zone as markets enter a consolidation phase.
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