Indian stock market benchmarks, the Nifty 50 and the Sensex, are expected to open with slight gains on Friday, November 28, 2025, mirroring mixed cues from global markets.

Market Performance on November 27, 2025

On Thursday, November 27, the Indian stock market indices closed marginally higher, marking new record highs during intraday trading. The Sensex closed at 85,720.38, a gain of 110.87 points or 0.13%, after hitting a lifetime high of 86,055.86. The Nifty 50 settled at 26,215.55, up by 10.25 points or 0.04%, after reaching a record high of 26,310.45 during the session.

Global Market Influences

Global markets presented mixed signals. European markets closed on a mixed footing, providing limited external support. U.S. markets, however, showed strength with the Dow Jones, NASDAQ, and S&P 500 all posting gains. Japan's Nikkei share average also rose significantly, driven by technology stocks.

Factors Influencing the Market

• Technical Analysis: Nagaraj Shetti, Senior Technical Research Analyst at [redacted], noted that the Nifty 50 formed a small red candle on the daily chart, indicating a consolidation movement in the market after a breakout. Shrikant Chouhan, Head of Equity Research at Kotak Securities, suggested that 85,500 and 85,200 would act as strong support levels for the Sensex, while 86,000-86,300 would be key resistance areas.
• FII and DII Activity: Domestic Institutional Investors (DIIs) have been providing strong support to the market, cushioning the impact of inconsistent Foreign Institutional Investor (FII) activity.
• Market Sentiment: Optimism surrounding potential rate cuts from both the U.S. Federal Reserve and the Reserve Bank of India (RBI) is bolstering market sentiment. Hopes for a potential trade agreement between the U.S. and India are also contributing to positive investor sentiment.
• Derivatives Data: Analysis of Nifty futures data suggests long unwinding, which is a negative sign. However, there's also evidence of hedging positions being built, indicating that the Nifty might test the 26,400 level intraday.
• Sectoral Performance: On November 27, the Nifty Media index was the top gainer, while Nifty Oil & Gas was the top loser. The Bank Nifty index also hit a record high.

Market Outlook and Trading Strategy

The short-term trend for the Indian stock market remains positive, with analysts suggesting a focus on large-cap stocks. Investors are advised to be selective and focus on quality stocks, avoiding overvalued counters.

Key levels to watch for Nifty 50:

• Support: 26,135 - 26,054 - 25,966
• Resistance: 26,303 - 26,391 - 26,472

Key levels to watch for Sensex:

• Support: 85,444 - 85,168 - 84,862
• Resistance: 86,026 - 86,332 - 86,608

Stocks in the News

Several companies made headlines on November 28, 2025, due to various corporate developments, including approvals for listing, partnerships, product launches, and appointments of independent directors.

Broader Economic Context

India's stock market is expected to see moderate gains in 2026, supported by strong domestic demand and macro fundamentals. The Nifty 50 could potentially deliver gains of around 10% over the next year, assuming global rates stabilize and India's investment cycle continues.