Get App Open
In App
Credit Cards
Open App

Indian Indices - Live Markets

MARKET HIGHLIGHTS
Nov 26, 16:10 IST

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On the first day of the December expiry series, Nifty staged a strong rebound, advancing steadily through the session to end at 26,205 with a gain of 1.14%.

An open = low candlestick formation was visible on the daily chart. This pattern typically indicates strong buying interest emerging right from the opening tick, with bulls defending the day’s first print as a key support zone.

This open-low formation occurring right near the 20-day EMA zone adds further strength to the setup. It shows that Nifty respected its short-term trend indicator, rebounded sharply from this dynamic support, and went on to form a sizeable bullish candle. With this move, the index also posted its second-highest daily close since 16th October, reinforcing a positive short-term undertone.

The rebound drew strong support from the top three heavyweights - HDFC Bank, Reliance, and ICICI Bank - which together account for nearly 30% of Nifty’s weight, cushioning the index and driving buying momentum.

Bank Nifty, post breaking out of the 58,550–58,650 zone on 17th November, moved in a sideways consolidation over the past seven trading sessions, oscillating in the 58,605–59,440 range. In today’s session, the index decisively broke out of this consolidation range and closed at 59,528, gaining 1.20% - marking its highest closing level since 1st October 2025. This breakout signals a likely continuation of the prevailing uptrend after a brief pause, suggesting that bullish momentum in banking stocks could extend in the coming sessions.

On the sectoral front, all the sectors ended in the green with Nifty Metal and Oil & Gas emerging as the top two sectoral gainers, gaining in the range of 1.7-2%. On the stock front, JSW Steel and HDFC Life ended up as the top gainers, while Bharti Airtel and Adani Enterprise emerged as the top two losers.

The Small Cap index staged a sharp rebound, climbing 1.36% and reclaiming the crucial 200-day EMA, a key long-term support zone. This recovery from a major trend indicator adds confidence to the underlying structure of the broader market. The Mid Cap index, after closing above its 20-day EMA in yesterday’s session, delivered a strong follow-through move today. It also closed well above the previous day’s high of 61,062, reinforcing the strength of its short-term trend and signaling renewed buying interest across the mid-cap space.

The market breadth improved significantly with the advance-decline ratio heavily skewed in the favor of bulls as a total of 417 stocks out of the Nifty 500 universe ended in green, indicating that the buying was broad based not limited to heavyweights as it was seen in last few sessions.

Nifty View

Looking at key levels, the zone of 26,270–26,300 is likely to act as an important resistance zone for the Index. Any sustained move above 26,300 could drive a fresh leg of rally in the index, potentially taking it higher towards 26500, followed by 26700. On the downside, the support has shifted higher in the zone of 26,050-26,000.

Bank Nifty View

Looking at key levels, the zone of 59,700–59,800 zone is likely to act as an important resistance zone for the Index. Any sustained move above 59,800 could potentially taking the price higher towards 60,200, followed by 60,500. On the downside, the support has shifted higher in the zone of 59,200-59,100.

Nov 26, 15:55 IST

Ajit Mishra – SVP, Research, Religare Broking

Markets opened sharply higher on the first day of the new expiry and gained over a percent, fully engulfing the recent decline. The index remained upbeat from the start, with momentum strengthening as the session progressed. As a result, the Nifty settled near the day’s high around the 26,205 mark. Market participation was broad-based, with metals, energy and IT leading the gains. Mid-cap and small-cap indices also advanced over 1%, adding to the overall positive market breadth.

The rally was supported by a mix of domestic and global cues. Renewed optimism over a potential rate cut by the US Federal Reserve in December, along with expectations of a 25-basis-point repo rate cut by the Reserve Bank of India early next month, improved investor sentiment. Additionally, easing crude oil prices—driven by hopes of progress toward peace between Ukraine and Russia—provided further support.

From a technical standpoint, the Nifty has completely retraced the past three days of declines and is again approaching its record high. The rebound from the crucial 20-DEMA reinforces the prevailing uptrend.

We maintain our positive outlook and recommend continuing a “buy-on-dips” approach unless the index decisively breaks below 25,800. On the upside, we now expect the 26,300–26,500 zone to act as the next resistance.

With all key sectors contributing to the move, we advise focusing on stock selection with favourable risk–reward setups, while maintaining a preference for large-cap and large mid-cap names.

Nov 26, 11:58 IST

Pravesh Gour, Senior Technical Analyst at Swastika Investmart

Indian equity markets witnessed a strong bounce in early trade, taking positive cues from global markets. Benchmarks moved higher after three consecutive sessions of decline, offering some relief to investors and traders.

One of the key drivers behind today’s rally is the strength in global markets. Asian indices traded firmly higher, while Wall Street ended on a positive note overnight. This improved global risk sentiment provided support to Indian equities and encouraged fresh buying at lower levels.

Another important positive trigger is renewed optimism around a possible interest rate cut by the U.S. Federal Reserve. Recent softer U.S. economic data has strengthened expectations that the Fed could begin easing monetary policy in the coming months. Lower interest rates in the U.S. generally improve liquidity conditions and increase the attractiveness of emerging markets such as India, prompting risk-on sentiment across equities.

The rally is also being supported by sector-specific buying, with gains seen across the board. Metal stocks and PSU banks are leading the move, supported by improving global commodity sentiment and selective value buying. Broader market participation indicates that the bounce is not limited to a single sector, lending strength to the overall market structure.

Overall, the combination of strong global cues, easing rate concerns, and broad-based buying has helped the market stabilize after recent weakness.

From a technical perspective, Nifty 50 has witnessed a rebound after testing lower levels around 20-SMA. The index is currently trading above its short-term moving averages (9-DMA and 20-DMA), indicating a short-term pullback rally. However, it is still hovering near a crucial resistance zone of 26,200–26,277, which coincides with the upper trendline and prior supply area. Sustaining above this level will be key for further upside toward 26,400–26,500 in the near term.

On the downside, 25,800–25,750 remains an important immediate support, followed by a stronger base near 25,500, where the 50-day moving average is placed. Momentum indicators also supporting the trend overall, the trend remains positive above key supports, but traders should adopt a buy-on-dips strategy until a decisive breakout above resistance confirms renewed strength.

Nov 26, 10:40 IST

Shivani Nyati, Head of Wealth at Swastika Investmart

Excelsoft Technologies Ltd. delivered a strong listing on Wednesday, debuting at Rs 135 per share, a 12.5% premium over its issue price of Rs 120. The stock further rallied up to 18% intraday, reflecting healthy investor sentiment toward the company’s scalable Vertical SaaS presence in the global EdTech and digital assessment ecosystem.

Excelsoft operates in the high‐growth learning and assessment SaaS segment, catering to educational institutions, corporate L&D, and government bodies. The company serves 76 global clients, including large names such as the Pearson Group, which provides predictable, recurring revenues through multi-year contracts.

Financially, the company has shown strong traction, with FY25 PAT growing by ~172%, supported by operating leverage and expanding digital adoption across markets. Its product suite, domain expertise, and long-term customer relationships continue to underpin steady visibility in revenue generation.

However, risks remain. A significant client concentration with Pearson (contributing ~59% of revenue) poses a major disruption risk in case of any contract loss or slowdown. Additionally, the IPO valuation appeared aggressive (Pre IPO P/E ~35), leaving limited room for sharp near-term upside.

Overall, while the debut was healthy, the listing largely aligns with expectations of modest listing gains.

Investors allotted shares may consider booking partial profits while holding the rest for medium-term growth, supported by the company’s SaaS model, global presence, and strong financial momentum. A stop-loss near Rs  130 is advisable to manage downside risk.

  • Advances 45
  • Declines 5
  • Unchanged 0

Live Markets

Name LTP Chg %Chg Open High Low 52 Week High 52 Week Low Technical Rating
Key Indices

NIFTY 50

26,205.30 320.50 1.24 25,842.95 26,215.15 25,842.95 26,246.65 21,743.65 Technical Rating

NIFTY BANK

59,528.05 707.75 1.20 58,783.05 59,554.95 58,783.05 59,554.95 47,702.90 Technical Rating

NIFTY Midcap 100

61,061.70 763.70 1.27 60,439.30 61,098.85 60,306.35 61,220.25 46,865.70 Technical Rating

NIFTY NEXT 50

69,189.40 1,016.95 1.49 68,302.80 69,230.05 68,219.40 73,443.90 56,192.45 Technical Rating

NIFTY 100

26,743.05 337.75 1.28 26,377.65 26,753.75 26,377.65 26,815.95 22,177.35 Technical Rating

Nifty 200

14,582.50 183.85 1.28 14,392.50 14,588.85 14,392.50 14,620.40 11,941.45 Technical Rating

NIFTY 500

23,955.20 300.15 1.27 23,654.75 23,965.35 23,654.75 24,032.10 19,519.85 Technical Rating

NIFTY Smallcap 100

17,971.85 241.55 1.36 17,784.30 17,977.65 17,755.75 19,716.20 14,084.30 Technical Rating

NIFTY MIDCAP 50

17,424.10 235.15 1.37 17,237.45 17,434.55 17,196.15 17,454.70 13,269.65 Technical Rating

NIFTY SMLCAP 50

8,762.70 136.10 1.58 8,649.55 8,766.85 8,638.20 9,505.50 6,776.05 Technical Rating

India VIX

11.96 -0.28 -2.29 12.24 12.57 11.58 23.18 9.39 Technical Rating

NIFTY 750 TOTAL MKT

13,454.05 168.85 1.27 13,286.40 13,459.45 13,286.40 13,459.45 0.00 Technical Rating
Sectoral Indices

NIFTY Auto

27,696.40 317.70 1.16 27,458.35 27,742.40 27,418.05 27,742.40 19,316.65 Technical Rating

NIFTY IT

37,364.60 537.70 1.46 36,881.95 37,407.00 36,881.10 46,088.90 30,918.95 Technical Rating

NIFTY PSU Bank

8,551.95 65.45 0.77 8,519.40 8,665.70 8,511.60 8,665.70 5,530.35 Technical Rating

NIFTY Fin Service

27,799.50 390.10 1.42 27,370.55 27,814.60 27,370.55 27,903.85 22,320.85 Technical Rating

NIFTY Pharma

22,862.35 271.40 1.20 22,591.15 22,881.85 22,572.65 23,604.45 19,121.10 Technical Rating

NIFTY FMCG

55,442.60 390.50 0.71 54,952.95 55,477.90 54,952.95 59,302.55 50,199.35 Technical Rating

NIFTY Metal

10,280.70 207.30 2.06 10,105.65 10,289.80 10,096.05 10,837.45 7,690.20 Technical Rating

NIFTY Realty

911.45 10.10 1.12 901.50 913.00 899.95 1,137.50 765.80 Technical Rating

NIFTY Media

1,448.05 23.10 1.62 1,427.45 1,452.10 1,424.70 2,095.65 1,344.40 Technical Rating

NIFTY Energy

35,964.80 614.45 1.74 35,411.85 35,986.85 35,409.40 38,136.85 29,313.20 Technical Rating

Nifty Pvt Bank

28,695.35 411.55 1.46 28,292.00 28,711.00 28,292.00 28,827.00 23,508.05 Technical Rating

NIFTY Infra

9,698.25 108.70 1.13 9,561.25 9,703.00 9,560.90 9,723.00 7,589.95 Technical Rating

NIFTY Commodities

9,243.85 162.20 1.79 9,099.50 9,249.05 9,098.75 9,530.35 7,502.95 Technical Rating

NIFTY Consumption

12,497.90 92.90 0.75 12,370.85 12,509.15 12,370.85 12,716.20 10,090.65 Technical Rating

NIFTY PSE

9,840.60 130.70 1.35 9,720.55 9,847.80 9,717.50 10,398.50 7,956.45 Technical Rating

NIFTY Services

34,017.35 406.20 1.21 33,512.50 34,033.55 33,512.50 34,104.90 29,070.85 Technical Rating

Nifty FinSrv25/50

30,397.80 429.45 1.43 29,960.30 30,410.70 29,960.30 30,410.70 0.00 Technical Rating

Nifty Cons Durbl

38,096.40 653.40 1.75 37,460.20 38,134.40 37,445.50 43,762.10 32,205.30 Technical Rating

Nifty Healthcare

14,967.10 167.35 1.13 14,803.55 14,978.00 14,792.25 15,112.50 12,561.70 Technical Rating

Nifty Oil & Gas

12,207.80 206.50 1.72 12,015.35 12,217.00 12,012.70 12,296.50 9,327.50 Technical Rating

NIFTY India Mfg

15,317.75 229.25 1.52 15,120.60 15,325.80 15,116.50 15,325.80 0.00 Technical Rating

Nifty India Defence

8,023.40 98.00 1.24 7,945.15 8,028.70 7,939.50 8,028.70 0.00 Technical Rating
Other Indices

NIFTY MIDCAP 150

22,419.10 282.65 1.28 22,189.80 22,432.45 22,142.05 22,495.40 17,269.50 Technical Rating

NIFTY MIDSML 400

20,362.70 250.20 1.24 20,163.00 20,373.00 20,121.20 20,766.65 15,832.85 Technical Rating

NIFTY SMLCAP 250

16,829.80 196.40 1.18 16,678.35 16,837.75 16,644.95 18,548.25 13,314.70 Technical Rating

NIFTY MNC

30,310.75 387.05 1.29 29,979.25 30,332.50 29,956.65 30,697.55 23,981.05 Technical Rating

NIFTY AlphaLowVol 30

27,101.60 340.75 1.27 26,734.05 27,115.15 26,734.05 27,115.15 0.00 Technical Rating

Nifty200 Momentum 30

32,153.05 460.35 1.45 31,694.50 32,169.80 31,676.00 32,169.80 0.00 Technical Rating

Nifty LargeMid250

16,925.75 213.55 1.28 16,723.70 16,933.60 16,723.70 16,970.35 13,526.30 Technical Rating

Nifty500 Mul50:25:25

16,562.45 205.30 1.26 16,369.15 16,569.60 16,369.15 16,652.10 13,318.60 Technical Rating

NIFTY CPSE

6,425.65 62.40 0.98 6,370.70 6,431.90 6,367.10 6,681.80 5,284.25 Technical Rating

NIFTY MID SELECT

14,009.30 202.60 1.47 13,845.55 14,019.80 13,810.20 14,072.80 10,382.55 Technical Rating

NIFTY IND DIGITAL

9,428.60 86.00 0.92 9,332.30 9,434.95 9,332.20 10,152.15 7,334.40 Technical Rating

NIFTY M150 QLTY50

24,301.60 262.85 1.09 24,119.35 24,316.20 24,047.90 24,316.20 0.00 Technical Rating

Nifty Microcap 250

23,241.50 303.85 1.32 23,002.00 23,253.60 22,955.10 23,253.60 0.00 Technical Rating

Nifty Capital Market

4,788.20 90.50 1.93 4,708.55 4,798.60 4,701.85 4,798.60 0.00 Technical Rating
Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347