SGX Nifty November 2025 futures were trading up by 53.50 points (or 0.20%) in early trade, suggesting that the Nifty 50 may open with some gains today.
Institutional Flows:
On 20 November 2025, provisional data indicated that foreign portfolio investors (FPIs) acquired shares valued at Rs 283.65 crore, whereas domestic institutional investors (DIIs) recorded net purchases amounting to Rs 824.46 crore in the Indian equity market.
Global Markets:
Asian shares continued to decline on Friday as the highly awaited U.S. jobs data did not offer clear guidance on the short-term trajectory for interest rates, prompting investors to resume selling off risk assets. In terms of data, Japan’s core inflation in October increased at its most significant rate since July, aligning with market expectations on Friday, thereby reinforcing the argument for potential interest rate hikes by the Bank of Japan. The headline inflation rate increased to 3%, representing the 43rd consecutive month that it has exceeded the BOJ’s 2% target. The core-core inflation rate, excluding fresh food and energy prices, increased to 3.1%, up from 3% in September.
Wall Street experienced a significant downturn overnight as concerns regarding inflated tech stock valuations resurfaced, leading to the Nasdaq’s most pronounced one-day fluctuation since April 9, when President Donald Trump’s “Liberation Day” tariffs unsettled the markets. On Thursday in the U.S., the Nasdaq Composite declined by 2.16%, having previously risen by 2.6% at one stage during the session. Other significant indexes also experienced declines, with the Dow Jones Industrial Average decreasing by 0.84%. The S&P 500 declined by 1.56%, after experiencing an increase of up to 1.9% earlier in the session.
The latest data indicates that the U.S. economy experienced a significant increase in job additions for September, surpassing expectations. However, the uptick in the unemployment rate, along with downward revisions for previous months, presents a complex scenario for the Federal Reserve as it deliberates on the potential for interest rate cuts in the upcoming month.
In September 2025, the US economy saw an addition of 119,000 jobs, even amidst the federal government shutdown, as reported by the Bureau of Labor Statistics on 20 November 2025. The US unemployment rate increased to 4.4%, with 7.6 million individuals classified as unemployed as of September 2025. This marks a rise from the previous year’s rate of 4.1%, which corresponded to 6.9 million unemployed individuals during the same timeframe.
Domestic Market:
Equity benchmarks concluded the day with notable gains on Wednesday, driven by a surge in IT stocks, which was bolstered by encouraging signals regarding the US-India trade deal, enhancing overall market sentiment. Following a slow beginning influenced by lackluster global indicators, the indices gained traction throughout the session, propelling the Nifty beyond the 26,000 threshold. Market participants are keenly anticipating the release of tomorrow’s FOMC minutes for insights into the trajectory of US interest rates.
The Sensex increased by 513.45 points, reflecting a rise of 0.61%, concluding at 85,186.47. Meanwhile, the Nifty saw an advancement of 142.60 points, or 0.55%, finishing at 26,052.65. HCL Technologies (up 4.32%), Infosys (up 3.74%), and ICICI Bank (up 0.82%) emerged as significant contributors to the overall gains.