Nifty, Sensex set for a strong start despite weak global cues; RIL, Godrej Properties, Adani Gas stocks in focus

The Indian benchmark indices are expected to open on a positive note today, despite global cues being negative. The Asian markets tracked the losses in the U.S. markets, after job data suggested that the unemployment rate increased to a four-year high of 4.4% in September from 4.3% in August. Yet, as per the statement, 119,000 non-farm jobs were added despite the federal government shutdown. 

Meanwhile, Japan’s Nikkei 225 fell by 2.20%, Singapore’s Straits Times was down 0.89%, and South Korea’s KOSPI declined sharply by 3.76%. The Shanghai Composite and the Hang Seng also saw a steep dip of more than 2% each. 

The S&P 500 fell 103.40 points, or 1.56%, to 6,538.76, and the Nasdaq Composite ended 486.18 points, or 2.15%, lower at 22,078.05. The Dow Jones Industrial Average dipped by 386.51 points, or 0.84%, to 45,752.26.

On the domestic front, the Gift Nifty index indicated an upbeat start for the Indian benchmark indices. At 8:00 am, the Gift Nifty index was trading at a premium of 54 points, or 0.21%, at 26,207.50. 

On November 19, the Sensex advanced by 446.21 points, or 0.52%, to close at 85,632.68, while the Nifty 50 rose by 139.50 points, or 0.54%, to 26,192.15.

Analysts suggest that the global sentiment has turned sharply risk-off after Wall Street witnessed a steep reversal from its intraday highs, triggered by mixed signals from the U.S. labour market. The better-than-expected US September jobs report dampened expectations of a potential rate cut by the Federal Reserve in December, unsettling investors who had been pricing in a more accommodative policy stance. 

“The sudden shift in sentiment reflected heightened uncertainty around monetary policy, prompting broad-based profit-booking across U.S. equities. The sharp sell-off on Wall Street echoed across Asian markets as well, with Japan’s Nikkei and South Korea’s Kospi opening the session deep in the red,” said Ponmudi R, CEO, Enrich Money. 

He warns that the weak global cues would set a cautious tone for Indian markets today. “Given that today marks the weekly Friday close, the market is expected to trade within a consolidation range. Global weakness may keep the upside in check, and selective profit-booking cannot be ruled out.” However, Ponmudi remains optimistic. “Despite the near-term caution, the broader trend for India remains constructive, with underlying sentiment still supportive of dips being absorbed.”

Stocks in focus today:

Reliance Industries - The company has stopped importing Russian crude oil for its special economic zone (SEZ) refinery from November 20, 2025, according to reports. The company made this change to meet new import rules that restrict the use of certain crude supplies for export-focused units.

Godrej Properties - The realtor announced that it has surpassed its business development annual guidance of Rs 20,000 for FY26 with the acquisition of a 75-acre land parcel in Nagpur. The land parcel is located near the Samruddhi Mahamarg and MIHAN SEZ, offering connectivity to major corridors, including the Nagpur–Hyderabad Highway and Dr Babasaheb Ambedkar International Airport.

Nestle India - The board of directors, on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mandeep Chhatwal as an additional director (Non-Executive Director) of the Company from January 1, 2026. 

Tata Consultancy Services - The company has announced a strategic partnership with global alternative asset management firm TPG to support the growth of its AI data centre business, HyperVault. HyperVault aims to establish AI data centres with a capacity exceeding a gigawatt, catering to the growing demand for AI-ready data centres.

Adani Gas - The company has achieved a score of 72 out of 100 in the 2025 S&P Global Corporate Sustainability Assessment (CSA). This score places Adani Gas in the 85th percentile within the Gas Utility sector as of November 19, 2025.

Reliance Power, Reliance Infrastructure - The company, in an exchange filing, clarified that the attached assets belong to Reliance Communications (RCOM), which has not been a part of the Reliance Group since 2019 – i.e. for the last six years. “RCOM has been undergoing the Corporate Insolvency Resolution Process (CIRP) for over six years. All matters relating to its resolution are currently sub judice before the Hon’ble National Company Law Tribunal (NCLT), and the Hon’ble Supreme Court of India,” the statement read. The company also clarified that the attachment order has no material impact on the operations, performance, or future prospects of Reliance Infrastructure and Reliance Power.