EQUITY RESEARCH (14th Nov 2026)

Nifty 50 traded with positive bias for the third consecutive week and managed to break the mark of 25,200, to touch the weekly high of 25,424.35, but global uncertainty, NVIDIA CEO resigning  and Indian’s inflation rising above the RBIS’ threshold of 6%, limited the upside in the market and pushed the index to settle at the mark of 25,144.30. Upside in the index was supported strength in Indian Rupee which strengthened to 93.62 against US dollar, along with crude oil prices falling below $95, also supported the euphoria in the market. However, later in the week, saw a shift in interest rate decision to be taken in December by FED. Investors are looking for a possibility of a 50 bps hike that could further strengthen the dollar index which has already risen above 103,  which may limit upside in the Indian market.

INR Performance

INR experienced a turbulent week, swinging in both directions before ultimately losing 3 paisa to close at ₹94.23 against the US dollar, down from ₹93.89 noted in previous week. Initially, lower Brent crude prices around near the mark of $90 and healthy foreign institutional inflows into Indian stocks helped lift the currency to a six-month peak of ₹93.62. Hawkish signals from the US FED regarding possible December rate hikes pushed 10-year Treasury yields above the mark of 5% and the dollar index above 103, weighed negatively on INR. To steady the market, RBI intervened by selling dollars directly from its foreign exchange reserves while maintaining key structural safeguards, including a dedicated dollar window for state-run oil refiners, a 20% risk reserve requirement on large import derivatives,and tight curbs on rebooking cancelled forex contracts. However, if the 50bps rate hike is taken into consideration, then we may see INr weakening against US dollar and breach of ₹94.25, could further weaken the Rupee to ₹95.

FII’s continues to sell

Foreign Institutional Investors went on a strong buying spree, breaking away from months of steady selling, for the week ending November 12. FII bought shares worth roughly ₹1,01,179 crore while selling about ₹59,824 crore, leaving a hefty net inflow of around ₹41,356 crore. This lifted total November foreign investments to a record-breaking ₹79,302.47 crore breaking the constant selling streak of 16 months. This inflow was attributed to cooling crude oil prices and appealing stock valuations following an extended market downturn. The scale of this foreign demand effortlessly soaked up ongoing profit-booking by Domestic Institutional Investors.

For the week ahead

Domestically, the index would get a direction, taking cues from the performance of INR. Further investors would take cue from movement of crude oil prices along with updates on the US-Iran and middle east situation. Investors will also track the global central bank’s stance on the interest rate decision, amid rising inflation both globally along with US and India’s inflation also rising above the threshold of 6%.

NIFTY WEEKLY

Nifty 50 traded the week with positive bias but later couldn’t sustain the upside and settled with minor gain of 0.63%. But a breakout above 24,800, aided the index to reach a weekly high of 25,424.25. On the weekly chart RSi is still in the normal zone at 61.70, thus suggesting further room for upside in the index.But index must breach the upside level of 25,500 for further push towards the level of 25,800. Fall and weekly close below 25,000, could trigger weakness in the index and it may reach 24,800.

BANK NIFTY WEEKLY

Bank Nifty extended its gaining rally for the third consecutive week and managed to breach the mark of 61,000 level witnessed last in February, 2026.Further RSI at 65 suggesting index is poised for further upside towards the next resistance level of 61,750. Further breach of the given level would push the Bank nifty towards the lifetime high level seen at 62,000/62250. But a profit booking at a higher level could be witnessed that may give some breather towards the mark of 60,250.

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