Stock market recommendations: Bajaj Broking Research highlights Fortis Healthcare and Jio Financial Services as top stock picks for November 21, 2025. Nifty and Bank Nifty show positive momentum, with Nifty eyeing its all-time high and Bank Nifty setting new records.
RBI Governor Sanjay Malhotra clarified the central bank does not aim for a specific rupee level. He noted recent depreciation is driven by market demand and trade expectations. Malhotra expressed confidence in a good trade deal and highlighted India’s strong foreign exchange reserves. The RBI remains cautious on cryptocurrencies, focusing on its own digital rupee…
Effective November 20, Reliance Industries has transitioned away from importing Russian crude for its Jamnagar export-only refinery. By switching to non-Russian sources, the company is making a statement ahead of tightening EU restrictions. This early action positions Reliance to fully comply with product-import guidelines that are scheduled to come into play by January 2026.
The US job market showed a mixed picture in September, with employers adding 119,000 jobs, exceeding expectations. However, revisions revealed job losses in prior months, and hiring concentrated in healthcare and hospitality. The unemployment rate ticked up to 4.4%, while wage growth remained steady but unlikely to influence the Federal Reserve.
US markets surged on Thursday, buoyed by Nvidia’s stellar earnings and renewed hopes for a Federal Reserve interest rate cut. Nvidia’s strong performance calmed AI enthusiasm concerns, while Walmart’s results also boosted sentiment. Positive global markets mirrored the gains, offering a welcome calm after recent volatility.
Russia has proposed fresh shipbuilding initiatives to India, aiming to expand maritime cooperation across the Indo-Pacific and Indian Ocean Region. Discussions covered civilian maritime sectors, including vessel designs, port infrastructure, and crew training. Both nations explored opportunities in green shipbuilding and specialized vessel construction.
India aims to rival global chipmaking leaders like the US and China within a decade, with plans advancing rapidly. The government’s $10 billion incentive scheme is foundational, fostering manufacturing, assembly, and design capacity. By 2031-2032, India expects to achieve parity with current global leaders, leveraging its engineering talent and design capabilities.
Gold and silver ETFs experienced a significant downturn, with gold down over 6% and silver nearly 9%. Experts advise a long-term perspective and systematic investment plans (SIPs) to navigate volatility. While gold is seen as a debt alternative, silver’s long-term potential is viewed as weaker. Despite recent dips, both metals show strong historical returns.
PhysicsWallah’s post-listing surge has evaporated, with shares plummeting over 9% and erasing billions in market value. Despite the sharp decline, the edtech firm still trades above its IPO price. Experts cite strong fundamentals like brand recall and affordability, but caution against competition and regulatory risks.
