Tomorrow morning (21st Nov) could be bad. Be careful.

MARKET ALERT: MAJOR SENTIMENT REVERSAL

As of 12:55 AM (IST) on Friday, November 21, 2025, the market sentiment has shifted dramatically from the morning's bullish expectations.

The "Nvidia Rally" that was expected to lift markets has failed, and US markets have reversed their gains.

• GIFT NIFTY Latest Value: Trading around 26,140, down approximately 78 points from its previous close.
• NIFTY 50 Previous Close (Nov 20): 26,192.15

The "Plot Twist": Why the Sentiment Flipped

The correlation has turned negative due to a classic "Sell on News" event in the US markets that is unfolding right now (Thursday afternoon in the US).

1. The Nvidia "Pop and Drop"

• Expectation: Markets rallied yesterday expecting Nvidia to beat earnings.
• Reality: Nvidia did beat earnings (Revenue $57B vs $55.4B exp), and the stock initially surged 5% in pre-market.
• The Reversal: However, as soon as the US market opened, investors used the liquidity to book profits. Nvidia gave up all its gains and is currently trading negative intraday. This "fade" has dragged down the entire Nasdaq and S&P 500.

2. US Market Weakness (Live Status)

• Instead of rallying, the Nasdaq 100 is currently down ~0.5% to 1.2% (intraday).
• The S&P 500 has also erased its opening gains and slipped into the red.
• This weak handover is actively pulling the GIFT NIFTY down from its highs of 26,300+ seen earlier today.

3. Indian ADRs are Mixed to Negative

• Infosys ADR: Despite the buyback news, the ADR is facing pressure due to the broader US tech sell-off.
• HDFC Bank ADR: Trading largely flat to negative.

Expect a "Trap" opening. The market might open flat, but the sentiment is weak. The failure of the US market to hold the "Nvidia gains" is a bearish signal for Indian IT stocks (TCS, Infosys), which were expected to lead the rally today.