The Indian stock market continued its upward trajectory, marking a third consecutive session of healthy gains, fueled by optimism surrounding a potential India-US trade deal and positive global cues. The benchmark Sensex jumped 595.19 points, or 0.71%, to close at 84,466.51, while the Nifty 50 settled at 25,875.80, up 180.85 points, or 0.70%. Broader market indices also reflected the positive sentiment, with the BSE Midcap and Smallcap indices rising by 0.44% and 0.76%, respectively.
Nifty 50 Trade Setup
Technical analysts suggest that the Nifty 50 faces immediate resistance around the psychological level of 26,000. A decisive break above this level could pave the way for the index to test its lifetime highs in the coming sessions. On the downside, support is seen in the 25,780-25,715 range. Options data indicates a broad trading range between 25,500 and 26,000 for the next weekly expiry.
India-US Trade Talks
Optimism surrounding a potential trade deal between India and the United States has been a key driver of market sentiment. US President Donald Trump signaled a willingness to lower tariffs on Indian goods, stating that the two countries are close to finalizing a "fair deal". Indian government sources indicated that talks have progressed positively, and there may be no need for additional rounds of negotiations. The proposed agreement aims to more than double bilateral trade to $500 billion by 2030.
Cabinet Decisions
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved a Rs 25,060 crore Export Promotion Mission (EPM) to boost India's trade competitiveness. The EPM aims to insulate Indian exporters from global trade uncertainties and address bottlenecks in the export ecosystem. The Cabinet also approved the introduction of a Credit Guarantee Scheme for Exporters (CGSE). Furthermore, the Cabinet passed a resolution condemning the recent explosion near the Red Fort in Delhi.
Gold Prices
Gold prices in India have exhibited volatility recently, after reaching an all-time high in early October, prices have since dipped in November. As of November 12, 2025, the price of 24K gold stood at Rs 12,551 per gram, a decrease of Rs 33, while 22K gold was priced at Rs 11,505 per gram, down by Rs 30. However, as of November 13, 2025, the price of 24 karat gold in India is ₹12,478 per gram. Gold has historically been considered a hedge against inflation, and investors often view it as an important investment.
Stocks to Buy
While investment decisions should be based on individual risk profiles and thorough research, several analysts have identified stocks with potential for growth. Motilal Oswal Financial Services highlighted L&T Finance and Rubicon Research as top picks. Union Bank of India, Bajaj Finserv Ltd, Adani Ports & Special Economic Zone Ltd and Mankind Pharma Ltd are also identified as stocks with buy rating. Some stocks under Rs 50 with strong fundamentals include Ujjivan Small Finance Bank, YES Bank and Century Extrusions.
