Stock Market Outlook Today, 21 Nov: Sensex, Nifty Set to Trade Firm; Uptrend Intact As Bank Nifty Eyes 60,000

Indian equities are set to open on a firm footing on November 21, 2025, with analysts expecting the ongoing upward momentum in benchmark indices to continue. The Nifty 50, which reclaimed the 26,200 mark for the first time since September 2024 and the Sensex, which closed at 85,632.68, remain poised for more gains amid strong global cues, improving domestic macros, and optimism around the progressing India-US trade agreement.

Stock Market Outlook Today: Positive Bias, Strong Sentiment

According to Bajaj Broking Research, "Nifty opened on a gap-up and continued to trade with a positive bias... touching an intraday high of 26,246, just 30 points away from a new milestone." The gains were supported by progress in trade discussions with the US, marginal FII inflows, and firm sectoral performance in Oil & Gas, Auto, Chemicals and Private Banks, even as Nifty Media, PSU Banks, and Realty lagged.

Broader markets underperformed, with Nifty Midcap closing marginally higher by 0.02%, while Small-cap slipped 0.05%.

Nifty Prediction Today, 21 November 2025 : Bullish Structure Intact

Bajaj Broking maintains a constructive view on the market's near-term trajectory. "On the daily chart, the index formed a solid bullish candle... indicating the underlying trend remains firmly positive." Analysts expect the Nifty to head toward 26,350 and 26,500, with strong support emerging in the 25,900-26,000 zone, which is likely to cushion any short-term dips.

Bank Nifty Outlook Today: Record Highs, More Upside Likely

The Bank Nifty continued its rally, setting a fresh peak near 59,440. Bajaj Broking notes that the index is forming a series of "higher highs and higher lows, signalling a well-established uptrend." With strong buying interest and sustained momentum, the index is expected to test the 59,800-60,000 range soon. Immediate support rests in the 58,800-58,600 band.

Adding to the outlook, Siddhartha Khemka, Head of Research (Wealth Management) at Motilal Oswal Financial Services Ltd, highlighted the role of improving fundamentals in driving sentiment.

"Indian equities witnessed sustained momentum since Oct'25, with Nifty Midcap100 and Nifty Bank indices making new all-time highs... backed by improving corporate earnings, healthy domestic macros and stable policy support."

The Nifty 50 ended Thursday at 26,192 (+0.5%), just 85 points below its lifetime high. Market sentiment was also lifted by optimism surrounding the potential India-US trade deal and a global risk-on tone following Nvidia's strong earnings.

Sectors such as financial services, chemicals, oil & gas, and automobiles gained between 0.5%-1%, while Bank Nifty surged to a fresh all-time high above 59,400, driven by private banks. Broader indices, however, closed flat.

On the flows front, FIIs bought Rs 1,580 crore worth of equities on Wednesday, providing additional support. Furthermore, FPI holdings in domestic securities climbed to a 14-month high, with assets under custody rising to Rs 81.53 trillion in November's first half.