Stock Market Today: Trade Setup for Nifty 50, India–US Trade Talks, Trump Tariffs, IPOs to Gold Prices - 8 Stocks to Buy
The Indian stock market is expected to exhibit a gradual upward movement with a cautious undertone, influenced by global macroeconomic data and anticipation surrounding the conclusion of the first phase of the India-US trade deal. On November 19, 2025, the Nifty 50 index closed 0.55% higher at 26,052.65 points, with heavyweight IT and banking sector stocks leading the gains.
Nifty 50 Trade Setup
The NSE Nifty 50 index is expected to find support in the 25,900–26,000 zone. This level is likely to act as a strong demand area, cushioning any short-term pullbacks and preserving the overall bullish structure. On the higher end, the lifetime high of 26,277 is likely to act as psychological resistance, and a breakthrough could pave the way for 26,500 in the near future.
Analysts recommend a 'buy on dips' strategy, advising investors to be cautious in stock selection while maintaining a bullish outlook on the markets.
India–US Trade Talks
Recent developments in India-US trade relations indicate encouraging progress, with a likely breakthrough expected by the end of 2025 after months of stalled negotiations. Talks are focused on reciprocal trade agreements aimed at balancing tariffs and expanding market access between the two countries.
The proposed deal aims to reduce US tariffs on Indian imports significantly, potentially from 50% to approximately 15-16%, improving market access for Indian exporters. It may also facilitate duty-free imports into India of select US agricultural products, including soybeans and maize (corn), to support the Indian poultry and animal feed sectors.
Trump Tariffs
In August 2025, the Trump administration increased tariffs on Indian goods to 50%, impacting over half of India's exports to the US. These tariffs target sectors like textiles, gems, jewelry, and leather, raising concerns about economic and diplomatic repercussions. However, in November 2025, the Trump administration softened its stance, announcing tariff exemptions on over 200 food items.
IPOs
The IPO market in India remains active, with several companies launching their initial public offerings. Current active IPOs include Excelsoft Technologies IPO and Gallard Steel IPO.
Gold Prices
Gold prices have experienced significant volatility in 2025. Factors such as a weaker US dollar, geopolitical risks, and strong central bank demand have contributed to the surge in gold prices. J.P. Morgan Research expects gold prices to average $3,675/oz by the fourth quarter of 2025, potentially rising toward $4,000/oz by the second quarter of 2026. Gold fell to $4,075.43 USD/t.oz on November 20, 2025.
Stocks to Buy
Based on market analysis and expert recommendations, here are eight stocks that may be considered for purchase:
- Cummins India Ltd.
- Bajaj Finserv Ltd.
- Hero MotoCorp Ltd.
- Reliance Industries Ltd.
- Bharat Heavy Electricals Ltd.
- Cholamandalam Investment & Finance Company Ltd.
- Radico Khaitan Ltd.
- PNB Housing Finance Ltd.
Disclaimer: The stock recommendations are based on reports from analysts and various sources. Please consult a financial advisor before making any investment decisions.
