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Below the Quote on Markets 19th Nov 2025 by Mr. Vikram Kasat, Head Advisory ,PL Capital

Indian equity benchmarks closed firmly higher on Wednesday, supported by a sharp rebound in technology counters and selective strength in financials despite a muted global backdrop. The Sensex advanced 513 points, finishing above 85,150, while the Nifty 50 reclaimed the 26,050 mark as buying picked up mid-session after a choppy start.

The IT index jumped nearly 3%, extending its recent momentum as part of the ongoing anti-AI rotation trade. Major tech names including HCL Technologies, Infosys, Wipro and TCS surged 3-4%, contributing significantly to the day’s gains. Among other sectors, the PSU Bank index added 1.2%, while the broader Bank index edged up 0.5%. However, weakness persisted in pockets such as media (-0.3%) and realty (-0.4%), reflecting cautious sentiment in rate-sensitive segments.

In the broader market, the BSE Midcap index rose 0.3%, whereas the Smallcap index slipped 0.3%, signalling selective participation. On the Nifty, top laggards included TMPV, Coal India, Maruti Suzuki, Hindalco Industries and Bajaj Finance.

Meanwhile, the Indian rupee ended almost unchanged at 88.58 per dollar, reflecting subdued foreign fund activity. With earnings season behind them, investors now look ahead to fresh domestic and global cues to gauge near-term market direction.

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