Wall Street saw a very volatile session on November twentieth: the S&P 500 fell one point five-six percent to sixty-five hundred thirty-eight, the Dow dropped zero point eight-four percent to forty-five thousand seven hundred fifty-two, and the Nasdaq plunged two point one-six percent to twenty-two thousand seventy-eight. This was the biggest single-day reversal since April's tariff turmoil.

Tech stocks struggled, with Nvidia slipping three point two percent despite strong earnings, Micron down ten point nine percent, and AMD falling nearly eight percent. Walmart was a bright spot, surging nearly seven percent after strong earnings driven by e-commerce and advertising growth.

Treasury yields compressed, with the ten-year yield retreating to around four point one percent, indicating some flight to safety.

Indian ADRs showed mixed moves overnight: Infosys ADR down one point zero-four percent, HDFC Bank ADR up one point one-two percent, ICICI Bank ADR down zero point three-five percent, and Reliance Industries ADR up two point seven-three percent, indicating commodity strength and large-cap interest.

Asian markets opened mixed: Japan's Nikkei 225 down one point five percent, Hang Seng flat, and Shanghai Composite down zero point seven-two percent. Gift Nifty is trading slightly lower around twenty-six thousand one hundred fifty, reflecting some caution.

U.S.-India trade talks remain a key geopolitical focus, with cautious optimism on progress impacting market sentiment, especially after previous tariff-driven sector rotation.

On the domestic front, RBI plans a seven-day variable rate repo auction today to inject fifty thousand crore rupees to maintain liquidity and align rates with the five point five percent policy rate. The system liquidity surplus is healthy at one point seventy-one trillion rupees.

Foreign portfolio investors remain cautious but supportive with inflows in primary equity via IPOs offsetting secondary market outflows.

Technically, the Nifty fifty approaches its lifetime high of twenty-six thousand two hundred seventy-seven with support around twenty-five thousand nine hundred to twenty-six thousand. A breach above twenty-six thousand five hundred would be significant. Bank Nifty shows resistance near sixty thousand and support around fifty-eight thousand eight hundred to fifty-eight thousand six hundred, both indices in a clear uptrend.

Commodities show crude oil pressure with Brent near sixty-three point six-two dollars per barrel down, gold steady at about four thousand sixty-eight dollars per troy ounce, and silver around thirty-one dollars and five cents per troy ounce.

Key trading theme: Consolidation after strong gains, caution advised after Wall Street reversal. Focus on quality stocks, use key technical levels for positioning, avoid emotional trading.