Key Indices – closing values
| Index | Closing level | Change (pts) | % change | Notes |
|---|---|---|---|---|
| BSE Sensex | 85,576.72 | +989.71 | +1.17 % | Reversed early dip and closed just 0.26 % below its 52‑week high. The 50‑day moving average remains above the 200‑DMA, signalling a bullish setup. |
| Nifty 50 | 26,205.30 | +320.50 | +1.24 % | Settled near the day’s high and reclaimed the 26,200 mark. |
| BSE Mid‑Cap | 47,235.52 | +616.32 | +1.32 % | Mid‑caps joined the rally; participation remained broad‑based. |
| BSE Small‑Cap | 52,322.61 | +638.08 | +1.23 % | Small‑caps gained but traded relatively flat earlier, suggesting cautious sentiment at the tail end of the rally. |
| BSE 500 | 37,569.64 | +467.22 | +1.26 % | Advance‑decline ratio of ~4.7:1 (411 advances vs. 88 declines) showed strong breadth. |
| BSE Bankex | 66,790.92 | +772.75 | +1.17 % | Banking stocks advanced; Bank Nifty closed with a bullish candlestick, hinting at renewed momentum. |
| BSE IT | 36,262.07 | +531.91 | +1.49 % | IT sector outperformed thanks to firm global tech sentiment. |
| BSE Consumer Durables | 62,129.25 | +812.79 | +1.33 % | Durable‑goods makers benefitted from pre‑festive demand optimism. |
Other market statistics
- Market cap: total market capitalisation of BSE‑listed companies increased roughly ₹4 trillion to about ₹474.4 lakh crore.
- Breadth: 2,697 stocks advanced on the BSE against 1,313 declines; 170 remained unchanged. About 97 stocks hit new 52‑week highs while 132 hit new lows.
- Rupee: the Indian rupee closed slightly weaker at ₹89.27 per US dollar (previous close: ₹89.22).
- FII/DII flows (25 Nov data): Foreign institutional investors were net buyers of ~₹785 crore and domestic institutional investors bought ~₹3,912 crore, providing a strong cushion against previous FII outflows.
Sectoral performance
| Sector | Approx. change | Commentary |
|---|---|---|
| Metals | +1.99 % | Best‑performing sector as hopes of a U.S. rate cut and firm commodity prices spurred buying in steel & copper names. Stocks such as SAIL (+4.5 %), JSW Steel (+3.4 %) and Hind Copper (+3 %) led gains. |
| IT | +1.49 % | Global tech stocks rallied on expectations of U.S. rate cuts; Indian IT majors TCS and HCL Tech rose 1.5 %+. |
| Consumer Durables | +1.33 % | Retail and appliance makers gained on expectations of strong festive demand. |
| Auto, Private Bank, Oil & Gas, Power, PSU Bank, Realty, Pharma, Media | +1 % to +2 % | Broad‑based buying lifted most cyclical and rate‑sensitive sectors. |
| Telecom | −0.19 % | The only decliner; Bharti Airtel slipped as its promoter group announced a large block sale. |
Top gainers and losers
Nifty 50 movers
| Stock | % change | Drivers |
|---|---|---|
| JSW Steel | ≈ +3.8 % | Benefited from a rally in metals and strong volume, touching its highest level in six months. |
| HDFC Life Insurance | +3 % (approx.) | Short covering after earlier declines; optimism on rate‑cut scenario supports insurance valuations. |
| Bajaj Finserv / Bajaj Finance | +2½–3 % | Financial conglomerates advanced with the broader financials. |
| Jio Financial Services | +2 %+ | Buying in new‑age financial stocks amid risk‑on sentiment. |
| Bharti Airtel | ≈ −1½ % | Top loser on Nifty; promoters sold ~0.56 % stake (~₹7,200 crore) via block deal, creating supply overhang. |
| Asian Paints, SBI Life Insurance | −1 % to −2 % | Profit‑taking in defensives. |
Broader‑market movers (BSE 500)
| Category | Top gainers | Top losers |
|---|---|---|
| Large‑cap | Varun Beverages (+3.76 %) led gains. | Bharti Airtel (−1.65 %) was the largest large‑cap loser. |
| Mid‑cap | J K Cement (+5.86 %), GMDC (+7.06 %) | M&M Financial Services (−2.85 %) |
| Small‑cap | Best Agrolife (+19.99 %), reflecting speculative interest. | Magellanic Cloud (−19.98 %) plunged on profit‑taking. |
| Overall BSE500 | Natco Pharma (+10.61 %) was the biggest gainer across the index. | CPCL (−11.92 %) and MRPL (−3.17 %) were notable laggards. |
What moved the market
- Rate‑cut optimism: Comments from U.S. Federal Reserve officials and easing U.S. inflation data bolstered expectations of a Fed rate cut in December. At home, traders anticipate a 25‑bp cut by the Reserve Bank of India in the upcoming monetary policy meeting as inflation moderates. Lower rates typically support equity valuations, particularly financials and rate‑sensitive sectors.
- Global risk‑on mood: Wall Street’s major indices closed sharply higher (Dow +1.43 %, S&P 500 +0.89 %, Nasdaq +0.65 %) and Asian indices extended gains (Nikkei +1.96 %, Kospi +1.66 %, Hang Seng +0.57 %). Stable crude oil (~$58.19/bbl) and U.S. 10‑year Treasury yields (~4.01 %) signalled muted macro‑risks.
- Short covering and domestic liquidity: Following three days of declines, traders covered short positions as the December futures series opened. Strong domestic institutional buying (~₹3,900 crore on Nov 25) and retail participation outweighed modest FII inflows, creating a “Santa‑rally” feel. Market breadth was extremely positive.
- Easing geopolitical risk: Hopes of a ceasefire between Russia and Ukraine eased commodity‑price worries and supported a shift into cyclical stocks like metals and real estate.
Global cues snapshot
| Region/Index | Level | % change | Remarks |
|---|---|---|---|
| Dow Jones | 47,129.48 | +1.41 % | U.S. stocks rallied as economic data suggested room for a December Fed rate cut. |
| S&P 500 | 6,786.30 | +0.89 % | Strength in industrials and financials offset weakness in tech heavyweights. |
| Nasdaq Composite | 23,044.91 | +0.65 % | Gains moderated as AI leader Nvidia lagged. |
| Nikkei 225 | 49,516.09 | +1.76 % | Japanese markets responded to U.S. cues and yen weakness. |
| Hang Seng | 26,018.78 | +0.48 % | Hong Kong stocks rose despite regulatory overhang in China. |
| Kospi (Korea) | 1.66 % gain | Risk‑on sentiment and tech buying. | |
| Shanghai Composite | 4,427.80 | +0.17 % | Gains modest ahead of domestic economic data. |
| WTI crude oil (Jan) | ~$58.19/bbl | +0.14 % | Prices stayed soft on hopes of peace talks and slowing demand. |
| U.S. 10‑yr Treasury yield | 4.011 % | little change | Stable yields supported risk‑on appetite. |
Stocks to watch & corporate updates
These announcements mean some stocks could see heightened activity in the next session:
- Bharti Airtel – Indian Continent Investment (promoter) will sell ~3.43 crore shares (0.56 % stake) via a block deal valued at roughly ₹7,200 crore. The sale may create near‑term supply pressure.
- NCC – Received a ₹2,062.71 crore contract from Assam’s Public Works (Health & Education) Department to modernise Gauhati Medical College & Hospital. Strengthens order book.
- Jayant Infratech – Secured a ₹161.68 crore EPC order from Konkan Railway to upgrade traction systems from 1×25 kV to 2×25 kV. Adds revenue visibility.
- Zydus Lifesciences – Obtained final U.S. FDA approval for Verapamil Hydrochloride extended‑release tablets (120 mg/180 mg/240 mg) used for hypertension. Opens opportunity in a ~$24.5 million U.S. market.
- Nelco – Received a 10‑year extension from the Department of Telecommunications to provide VSAT services; the authority aligns with its existing unified licence.
- Indraprastha Gas – Formed a 50:50 joint venture with CEID Consultants & Engineering to build compressed bio‑gas/biofuel projects. Diversifies into green energy.
- Bank of Maharashtra – Government appointed Prabhat Kiran as Executive Director for three years from 24 Nov 2025.
- Rashtriya Chemicals & Fertilisers (RCF) – Director (Finance) Nazhat J Shaikh will hold additional charge as Chairman & Managing Director for six months from 1 Jan 2026.
- United Breweries – Launched Heineken Silver beer in New Delhi, focusing on domestic market expansion.
- Welspun Corp – Filed an arbitration claim of $35.5–43.5 million against Wasco Coatings and Wasco Energy over lost investment in Wasco Qatar. The dispute may affect investor sentiment.
- Apollo Micro Systems – Entered a tri‑party alliance with IIT Chennai and the Indian Navy to develop indigenous solutions for defence projects.
- RNIT AI Solutions – Awarded a project by Telangana’s Social Welfare Residential Educational Institutions Society to deploy AI‑based facial recognition for attendance across ~170,000 students.
- SBI Mutual Fund bulk deals – Bought 55.6 lakh shares of Elgi Equipments (1.75 % stake) for ~₹269 crore and 78.61 lakh shares of ASK Automotive (3.98 % stake) for ~₹372 crore. Promoter of ASK Automotive simultaneously sold ~4 % stake; share‑price volatility likely.
- Narayana Hrudayalaya – Promoter sold 11.77 lakh shares (0.57 % stake) for ₹230.7 crore at ₹1,960.07 per share.
- AWL Agri Business – AustralianSuper acquired 94.85 lakh shares (0.72 % stake) for ₹260.8 crore at ₹274.95 per share.
- Excelsoft Technologies – Listed on the main board on 26 Nov. Expect typical listing volatility.
- Gallard Steel – SME listing on the same day.
- Bonus/dividend ex‑dates – HDFC Asset Management trades ex‑bonus. Power Finance Corporation and Shyamkamal Investments trade ex‑dividend.
Technical outlook & levels
- Nifty 50: The index has fully retraced its recent three‑session decline and closed near the day’s high. It remains above its 20‑day exponential moving average (20‑EMA) and is approaching its record high (26,277). Immediate support lies at 25,800, while 26,300–26,500 forms the next resistance zone. A decisive close above 26,300 could pave the way for new highs.
- Bank Nifty: The index formed a strong bullish candlestick and its relative strength index (RSI) signalled a bullish crossover. 59,200 is immediate support; 58,800 is positional support. On the upside, 60,000 serves as a psychological resistance.
- Market tone for 27 Nov: With major indices near record levels and technical indicators bullish, the near‑term tone remains positive to mildly bullish. However, valuations are becoming stretched and profit‑booking cannot be ruled out around 26,300–26,500 on the Nifty. Traders may continue with a “buy‑on‑dips” approach but should watch for signs of exhaustion or adverse global cues. Sector‑wise, metals, energy, real estate and IT may continue to lead if global risk‑on sentiment persists, while telecom could remain under pressure due to supply overhang in Bharti Airtel.
Summary
Indian equities staged a broad‑based rally on 26 Nov 2025, lifting the Sensex above 85,500 and the Nifty past 26,200. Robust domestic institutional buying, short covering and positive global cues—including hopes of U.S. and Indian rate cuts—drove the gains. Market breadth was very strong, with metals, IT and consumer durables leading sectoral performance. Top gainers included JSW Steel, HDFC Life, Bajaj Finserv, Bajaj Finance and Jio Financial, while Bharti Airtel and other defensives lagged. Corporate news focused on block deals, contract wins and regulatory approvals, giving traders a list of stocks to watch for the next session. Technical indicators point to further upside but caution is warranted near all‑time highs; a buy‑on‑dips strategy with attention to support/resistance levels is advised for the next trading day.
