BSE Cap Goods

The Indian benchmark indices snapped three-day losing streak, with Nifty index finishing above 26,200 tracking positive global markets amid rising expectations of rate cut by Federal Reserve in its December policy meeting.

The falling crude oil prices on possible Ukraine–Russia peace agreement, also added to the positive sentiments.

At close, the Sensex was up 1,022.50 points or 1.21 percent at 85,609.51, and the Nifty was up 320.50 points or 1.24 percent at 26,205.30. BSE Midcap and small-cap indices rose 1.2% each.

Nifty Bank index touched its fresh record high of 59,554.95, closing up 1.2 percent at 59,528.05.

However, BSE Sensex is 368.74 points away from its record high of 85978.25, while Nifty50 index is 72.05 points away from its record level of 26,277.35.

Also Read: <a href="https://www.moneycontrol.com/news/business/commodities/what-to-watch-in-commodities-as-us-pushes-ukraine-peace-deal-13695975.html">What to watch in commodities as US pushes Ukraine peace deal</a>

All the sectoral indices ended in the green with media, auto, private bank, oil &amp; gas, power, PSU, realty, consumer durables, pharma metal added 1-2%.

Biggest Nifty gainers included JSW Steel, HDFC Life, Bajaj Finserv, Bajaj Finance, Jio Financial, while Bharti Airtel, Asian Paints, SBI Life Insurance were among top losers.

Also Read: <a href="https://www.moneycontrol.com/news/business/market-breadth-indicator-hits-nine-month-low-in-november-13696017.html">Market breadth indicator hits nine-month low in November</a>

In stock-specific action, Jayant Infratech shares added 5% on bagging contract worth Rs 161.68 crore, NCC share price rose 1.2% on contract win of Rs 2,062.71 crore, Bharti Airtel shares shed 1.5% after 3.5 crore shares change hands in block deal, Thermax shares gained nearly 2% on receiving order of Rs 580 crore.

Nelco shares gained 2% on authorization to sell VSAT services of other UL-GMPCS licensees, Indraprastha Gas shares added 2% on entering in JV Agreement with CEID Consultants, Zydus Lifesciences shares added 1.5% on final USFDA approval for Verapamil Hydrochloride, SMS Pharmaceutical surged 18% on USFDA approval for its reformulated Ranitidine, IIFL Finance share price jumped 2.6% on raising Rs 2,000 crore via NCDs, Hi-Tech Pipes shares added 3% on commencing commercial production at Sanand, Gujarat.

Also Read: <a href="https://www.moneycontrol.com/news/business/markets/sebi-plans-major-easing-of-process-for-reissuing-lost-securities-13696173.html">Sebi plans major easing of process for reissuing lost securities</a>

More than 100 stocks hit 52-week high, including MCX India, IIFL Finance, GMR Airports, Shriram Finance, Axis Bank, Reliance Industries, Max Financial, L&amp;T, Canara Bank, PTC Industries, Bank of India, AU Small Finance Bank, Hero MotoCorp, SBI, Federal Bank, AIA Engineering, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php">Click to View More</a>

<strong>Outlook for November 27</strong>

<strong>Ajit Mishra – SVP, Research, Religare Broking</strong>

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.

<strong>Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates</strong>

The Nifty index opened with a gap-up, saw strong buying interest throughout the session, and eventually settled at 26,205. On the daily chart, Nifty has formed a bullish engulfing candle, signalling strength.

In the short term, the immediate hurdle for the index is at 26,280. A sustained breakout above this level could trigger further gains toward 26,500–26,800. On the downside, 25,710, where a bullish gap lies, will act as a key support zone. As long as the Nifty index remains above 25,710, the downside appears limited.

The Bank Nifty index opened positively, experienced strong buying interest that led to a fresh breakout and a new lifetime high around 59,555 and settled on a strong bullish note at 59,528. On the daily chart, Bank Nifty formed a big bullish candle, indicating strength. As long as the index holds above 59,400, the current rally could extend toward the 60,000 mark. Thus, short term traders are advised to follow a buy-on-dips strategy in the short term.

<strong>Disclaimer</strong>: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

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Taking Stock: Nifty above 26,200, Sensex jumps 1022 pts on Fed rate cut hopes

The Indian benchmark indices snapped three-day losing streak, with Nifty index finishing above 26,200 tracking positive global markets amid rising expectations of rate cut by Federal Reserve in its December policy meeting.

The falling crude oil prices on possible Ukraine–Russia peace agreement, also added to the positive sentiments.

At close, the Sensex was up 1,022.50 points or 1.21 percent at 85,609.51, and the Nifty was up 320.50 points or 1.24 percent at 26,205.30. BSE Midcap and small-cap indices rose 1.2% each.

Nifty Bank index touched its fresh record high of 59,554.95, closing up 1.2 percent at 59,528.05.

However, BSE Sensex is 368.74 points away from its record high of 85978.25, while Nifty50 index is 72.05 points away from its record level of 26,277.35.

Also Read: What to watch in commodities as US pushes Ukraine peace deal

All the sectoral indices ended in the green with media, auto, private bank, oil &amp;amp; gas, power, PSU, realty, consumer durables, pharma metal added 1-2%.

Biggest Nifty gainers included JSW Steel, HDFC Life, Bajaj Finserv, Bajaj Finance, Jio Financial, while Bharti Airtel, Asian Paints, SBI Life Insurance were among top losers.

Also Read: Market breadth indicator hits nine-month low in November

In stock-specific action, Jayant Infratech shares added 5% on bagging contract worth Rs 161.68 crore, NCC share price rose 1.2% on contract win of Rs 2,062.71 crore, Bharti Airtel shares shed 1.5% after 3.5 crore shares change hands in block deal, Thermax shares gained nearly 2% on receiving order of Rs 580 crore.

Nelco shares gained 2% on authorization to sell VSAT services of other UL-GMPCS licensees, Indraprastha Gas shares added 2% on entering in JV Agreement with CEID Consultants, Zydus Lifesciences shares added 1.5% on final USFDA approval for Verapamil Hydrochloride, SMS Pharmaceutical surged 18% on USFDA approval for its reformulated Ranitidine, IIFL Finance share price jumped 2.6% on raising Rs 2,000 crore via NCDs, Hi-Tech Pipes shares added 3% on commencing commercial production at Sanand, Gujarat.

Also Read: Sebi plans major easing of process for reissuing lost securities

More than 100 stocks hit 52-week high, including MCX India, IIFL Finance, GMR Airports, Shriram Finance, Axis Bank, Reliance Industries, Max Financial, L&amp;amp;T, Canara Bank, PTC Industries, Bank of India, AU Small Finance Bank, Hero MotoCorp, SBI, Federal Bank, AIA Engineering, among others. Click to View More

Outlook for November 27

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.

Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates

The Nifty index opened with a gap-up, saw strong buying interest throughout the session, and eventually settled at 26,205. On the daily chart, Nifty has formed a bullish engulfing candle, signalling strength.

In the short term, the immediate hurdle for the index is at 26,280. A sustained breakout above this level could trigger further gains toward 26,500–26,800. On the downside, 25,710, where a bullish gap lies, will act as a key support zone. As long as the Nifty index remains above 25,710, the downside appears limited.

The Bank Nifty index opened positively, experienced strong buying interest that led to a fresh breakout and a new lifetime high around 59,555 and settled on a strong bullish note at 59,528. On the daily chart, Bank Nifty formed a big bullish candle, indicating strength. As long as the index holds above 59,400, the current rally could extend toward the 60,000 mark. Thus, short term traders are advised to follow a buy-on-dips strategy in the short term.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

The benchmark Nifty 50 and Sensex indices rallied sharply in trade on November 26, soaring amid broad-based buying interest. Investors' bullish sentiment was reinforced amid the rising likelihood of the U.S. Federal Reserve cutting interest rates in December.

At close, the <a href="https://www.moneycontrol.com/indian-indices/sensex-4.html">Sensex</a> was up 1,022.50 points or 1.21 percent at 85,609.51, and the Nifty was up 320.50 points or 1.24 percent at 26,205.30. About 2723 shares advanced, 1286 shares declined, and 141 shares unchanged.

The markets regained momentum as U.S. consumer confidence in November saw its steepest drop since April, and retail sales rose modestly in September, suggesting consumer spending is cooling after months of strong demand. The delayed economic reports out of the U.S. further cemented bets for a Fed cut in December, even after Chair Jerome Powell warned last month that a reduction isn’t a foregone conclusion.

"On the domestic policy front, the Reserve Bank of India (RBI) is widely anticipated to implement a 25-basis point rate cut in December, supported by moderating inflation and a dovish stance. Furthermore, increasing optimism surrounding a potential truce between Russia and Ukraine is enhancing risk appetite, fostering a positive outlook for the upcoming year," said Vinod Nair, Head of Research, Geojit Investments.

All sectoral indices advanced in trade, reflecting broad-based buying across the market. Metals led the gains with a strong rise of a little over two percent, followed by banks, consumer durables and oil and gas, which also posted healthy upmoves. IT and private banks added over one percent, indicating steady interest in rate-sensitive and export-focused pockets.

Auto, pharma, healthcare, FMCG, and realty also closed higher, showing positive sentiment across defensives and cyclicals alike. PSU banks and financial services saw relatively modest but firm gains, underscoring a largely upbeat market tone.

The Nifty 50 index closed above its 26,200 resistance, which according to analysts, could open the way for the index to reclaim its all-time highs recorded in September 2024. "For Nifty options, the call side OI buildup is concentrated at 26,200 and 26,500, indicating potential resistance zones, while on the put side, heavy writing at 26,100 and 26,000 signals strong support levels," said Ashika Institutional Equities.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-26-11-2025-liveblog-13695961.html">Follow our live blog to catch all the updates</a>

<em><strong>Disclaimer:</strong> The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

Nifty closes above 26,200, Sensex stages 1,000 point jump, all sectors in green as bulls roar

The benchmark Nifty 50 and Sensex indices rallied sharply in trade on November 26, soaring amid broad-based buying interest. Investors' bullish sentiment was reinforced amid the rising likelihood of the U.S. Federal Reserve cutting interest rates in December.

At close, the Sensex was up 1,022.50 points or 1.21 percent at 85,609.51, and the Nifty was up 320.50 points or 1.24 percent at 26,205.30. About 2723 shares advanced, 1286 shares declined, and 141 shares unchanged.

The markets regained momentum as U.S. consumer confidence in November saw its steepest drop since April, and retail sales rose modestly in September, suggesting consumer spending is cooling after months of strong demand. The delayed economic reports out of the U.S. further cemented bets for a Fed cut in December, even after Chair Jerome Powell warned last month that a reduction isn’t a foregone conclusion.

&quot;On the domestic policy front, the Reserve Bank of India (RBI) is widely anticipated to implement a 25-basis point rate cut in December, supported by moderating inflation and a dovish stance. Furthermore, increasing optimism surrounding a potential truce between Russia and Ukraine is enhancing risk appetite, fostering a positive outlook for the upcoming year,&quot; said Vinod Nair, Head of Research, Geojit Investments.

All sectoral indices advanced in trade, reflecting broad-based buying across the market. Metals led the gains with a strong rise of a little over two percent, followed by banks, consumer durables and oil and gas, which also posted healthy upmoves. IT and private banks added over one percent, indicating steady interest in rate-sensitive and export-focused pockets.

Auto, pharma, healthcare, FMCG, and realty also closed higher, showing positive sentiment across defensives and cyclicals alike. PSU banks and financial services saw relatively modest but firm gains, underscoring a largely upbeat market tone.

The Nifty 50 index closed above its 26,200 resistance, which according to analysts, could open the way for the index to reclaim its all-time highs recorded in September 2024. &quot;For Nifty options, the call side OI buildup is concentrated at 26,200 and 26,500, indicating potential resistance zones, while on the put side, heavy writing at 26,100 and 26,000 signals strong support levels,&quot; said Ashika Institutional Equities.

Follow our live blog to catch all the updates

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Indian benchmark indices closed near lifetime high levels on November 26. Analysts have suggested key near-term triggers that markets are currently awaiting to surge to fresh record high levels.

<a href="https://www.moneycontrol.com/indian-indices/SENSEX-4.html">Sensex</a> gained more than 1,000 points to close at 85,609.51 on Wednesday, nearly 369 points away from its all-time high level of 85,978, which it had hit in September last year. <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html">Nifty 50</a> meanwhile ended the session at 26,205.30, only 72 points lower than its lifetime high of 26,277.

"The market is already close to its previous peaks, so even small positive triggers can be enough to pull the Sensex and Nifty to <a href="https://www.moneycontrol.com/news/business/markets/markets-rally-1-1-sensex-400-pts-away-from-all-time-high-nifty-75-pts-here-s-when-fresh-highs-are-possible-13696973.html">fresh records</a>, provided there are no major global shocks in the near term," said Abhinav Tiwari, Research Analyst at Bonanza.

Here are five key triggers markets may be looking forward to in order to begin the next round of rally and scale fresh record highs:

&nbsp;
<h3><strong>RBI rate cut in December:</strong></h3>
The Reserve Bank of India (RBI) is set to hold its Monetary Policy Committee (MPC) meeting from December 3 to December 5. The MPC has cut rates by a total of 100 basis points in the first half of 2025, but maintained a pause since August.

Despite earlier projections of no rate cut, analysts now increasingly expect India's central bank to cut rates during the upcoming meeting after RBI Governor Sanjay Malhotra said there is scope to further reduce policy interest rates.

"At the last MPC meeting in October, it was communicated clearly there is room to cut policy rates. Since then, the macro-economic data we have received has not indicated that the room to lower rates has decreased," he said during an interview with Zee Business.

"There is certainly room (to lower rates) but whether the MPC takes a call on that in the coming meeting or not, depends on the committee," he added.

A rate cut by the RBI will likely boost several heavyweight stocks from rate-sensitive sectors, which in turn will boost the markets. "Markets are sitting just below their record highs, and a clear breakout will be largely dependent on two things: more certainty around global rate cuts and the start of the domestic earnings season," said Siddharth Maurya, Founder &amp; Managing Director, Vibhavangal Anukulakara.

&nbsp;
<h3><strong>India-US trade deal:</strong></h3>
India and US are yet to conclude their much-awaited trade deal. Investors will actively look forward to progress on the deal front after US President Donald Trump-led administration increased tariffs on Indian imports to a whopping 50 percent earlier this year, citing New Delhi's continued purchase of Russian oil.

Trump however has repeatedly claimed that US is nearing a trade deal with India. While no timeline for the conclusion of the deal is known so far, any such agreement between the two countries will likely boost the markets sharply.

"Progress on trade negotiations and political stability will influence market momentum. Any positive development in the India-US trade talks can lift investor confidence," said Abhinav Tiwari, Research Analyst at Bonanza.

"Clarity on the evolving US–India trade framework is emerging as a meaningful sentiment driver. Any progress that strengthens bilateral trade, eases tariff concerns, or deepens technology and manufacturing partnerships will be viewed positively by the markets. India remains in a structural bull phase, but near-term moves will be dictated by these key macro catalysts," said Naren Agarwal, CEO, Wealth1.

&nbsp;
<h3><strong>Russia-Ukraine peace deal:</strong></h3>
The United States has been preparing a peace plan to end the ongoing war between Russia and Ukraine. Ukrainian President Volodymyr Zelenskyy on Tuesday said that he was ready to advance a US-backed framework for ending the war with Russia and discuss disputed points with Trump in talks he said should include European allies.

The initial 28-point proposal put forth by US last week called on Ukraine to cede territory, accept limits on its military and abandon its plans to join NATO. Those terms would amount to capitulation for many Ukrainians after nearly four years of fighting in Europe's deadliest conflict since World War II.

According to reports, officials from Ukraine and Russia are set to meet in the near future to discuss terms of a peace plan. It is however important to note that such discussions had taken place earlier as well, bearing no fruit.

However, in case the two sides agree to the deal and end the war, markets will possibly see a sharp surge. The expectations have pushed down oil prices, with Brent crude falling to $62.38.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/sensex-rises-650-pts-nifty-near-26-100-fed-rate-cut-optimism-among-key-factors-behind-market-rally-13696354.html">Key factors behind today's market rise</a>

&nbsp;
<h3><strong>Fed rate cut optimism:</strong></h3>
Despite initial expectations of a no rate cut, a higher probability of a December rate cut by the US Federal Reserve has been boosting global markets. New York Fed President John Williams, a permanent voter on rate policy and vice chair of the rate-setting Federal Open Market Committee, said on Friday that interest rates can fall "in the near term".

"I view monetary policy as being modestly restrictive...Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral," Williams said. Investors now put a nearly 60 percent chance of a 25 basis point cut at the U.S. central bank's December meeting, reversing what had been strong conviction that the Fed would pause due to concerns about inflation.

A rate cut by the Federal Reserve will likely increase discretionary spending in the US, which in turn benefits IT stocks which have a significant contribution to the markets. A sharp surge in IT stocks can push the benchmark indices towards fresh record highs.

"Lower interest rates in the US generally improve liquidity conditions and increase the attractiveness of emerging markets such as India, prompting risk-on sentiment across equities.

"Global sentiment remains constructive, supported by expectations of a December U.S. rate cut, keeping the overall tone optimistic," said Hitesh Tailor, research analyst at Choice Broking.

“The combination of strong global cues, easing rate concerns, and broad-based buying has helped the market stabilize after recent weakness," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart.

&nbsp;
<h3><strong>Sustained FII inflows:</strong></h3>
Foreign investors remained net buyers on November 25. Foreign investors (FIIs/FPIs) net bought Indian equities worth Rs 785 crore yesterday. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 3,912 crore, according to provisional exchange data.

However, FIIs have been net sellers of shares worth Rs 2.57 lakh crore in 2025 so far. DIIs have net bought shares worth Rs 6.91 lakh crore during the same period.

<a href="https://www.moneycontrol.com/news/business/markets/fiis-net-bought-indian-equities-worth-rs-785-crore-diis-net-buy-rs-3912-crore-13695766.html">Sustained buying by FIIs</a> may further push the markets closer towards record high levels. "FII flows have steadied, domestic liquidity is strong, and that is helping to support sentiment. If Nifty manages a sustained close above the current resistance zone, new highs may not be far away. There will be bouts of volatility, but as long as the macro environment stays steady, the overall direction still looks positive," Siddharth Maurya from Vibhavangal Anukulakara said.

Expectations of rate cuts by Federal Reserve have improved risk appetite across emerging markets, including India. This has encouraged foreign investors to increase their buying, said Abhinav Tiwari from Bonanza. "If US bond yields remain stable or move lower, and if there are no new banking or geopolitical issues globally, foreign institutional inflows into Indian stocks may continue," he added.

&nbsp;
<h3><strong>What should investors do?</strong></h3>
Fundamentals indicate that the market is moving to a new high, said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited. He added that the question now is 'When'.

He noted that the previous attempts by the Nifty and Sensex to break the 2024 September highs did not succeed since the rally lost steam on FII selling, and the expected US - India trade deal failing to conclude. "Also there was no clarity on the earnings growth for FY27. Now things are slowly changing in favour of a rally towards a new record high. The most important catalyst for the rally will come from strong earnings growth. FY27 is likely to witness above 15% earnings growth. This is a strong fundamental support. A US-India trade deal may happen at any time.  Weakness in the AI trade will nudge FIIs to turn buyers in India," he said.

"Investors should focus on largecaps and quality midcaps with  high growth potential. Smallcaps, in general, continue to be over valued,” he added.

Clearly, the market is within striking distance of fresh lifetime highs, but the breakout would be a function of how confidence builds at these important levels, said Ravi Singh, Chief Research Officer from Master Capital Services.

"For now, the trend is upwards, but traders are also cautious, which is quite normal when the indices approach the record zone. A brief phase of consolidation or mild profit booking would actually strengthen rather than weaken this setup. If the global cues stay supportive and the domestic flows are stable, new highs may be attempted in the near term," he said.

"Additionally, if Nifty holds above the key support of 25800-26000 then the uptrend can extend towards 26500-26700 levels. But the move may unfold in stages rather than in one sharp rally. What will matter most is whether buying interest stays broad-based and not confined to just a handful of large stocks," he concluded.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-26-11-2025-liveblog-13695961.html">LIVE updates</a> from the stock markets.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Sensex, Nifty within touching distance of all-time highs: Analysts list 5 near-term triggers for next round of market rally

Indian benchmark indices closed near lifetime high levels on November 26. Analysts have suggested key near-term triggers that markets are currently awaiting to surge to fresh record high levels.

Sensex gained more than 1,000 points to close at 85,609.51 on Wednesday, nearly 369 points away from its all-time high level of 85,978, which it had hit in September last year. Nifty 50 meanwhile ended the session at 26,205.30, only 72 points lower than its lifetime high of 26,277.

&quot;The market is already close to its previous peaks, so even small positive triggers can be enough to pull the Sensex and Nifty to fresh records, provided there are no major global shocks in the near term,&quot; said Abhinav Tiwari, Research Analyst at Bonanza.

Here are five key triggers markets may be looking forward to in order to begin the next round of rally and scale fresh record highs:

&amp;nbsp;
RBI rate cut in December:
The Reserve Bank of India (RBI) is set to hold its Monetary Policy Committee (MPC) meeting from December 3 to December 5. The MPC has cut rates by a total of 100 basis points in the first half of 2025, but maintained a pause since August.

Despite earlier projections of no rate cut, analysts now increasingly expect India's central bank to cut rates during the upcoming meeting after RBI Governor Sanjay Malhotra said there is scope to further reduce policy interest rates.

&quot;At the last MPC meeting in October, it was communicated clearly there is room to cut policy rates. Since then, the macro-economic data we have received has not indicated that the room to lower rates has decreased,&quot; he said during an interview with Zee Business.

&quot;There is certainly room (to lower rates) but whether the MPC takes a call on that in the coming meeting or not, depends on the committee,&quot; he added.

A rate cut by the RBI will likely boost several heavyweight stocks from rate-sensitive sectors, which in turn will boost the markets. &quot;Markets are sitting just below their record highs, and a clear breakout will be largely dependent on two things: more certainty around global rate cuts and the start of the domestic earnings season,&quot; said Siddharth Maurya, Founder &amp;amp; Managing Director, Vibhavangal Anukulakara.

&amp;nbsp;
India-US trade deal:
India and US are yet to conclude their much-awaited trade deal. Investors will actively look forward to progress on the deal front after US President Donald Trump-led administration increased tariffs on Indian imports to a whopping 50 percent earlier this year, citing New Delhi's continued purchase of Russian oil.

Trump however has repeatedly claimed that US is nearing a trade deal with India. While no timeline for the conclusion of the deal is known so far, any such agreement between the two countries will likely boost the markets sharply.

&quot;Progress on trade negotiations and political stability will influence market momentum. Any positive development in the India-US trade talks can lift investor confidence,&quot; said Abhinav Tiwari, Research Analyst at Bonanza.

&quot;Clarity on the evolving US–India trade framework is emerging as a meaningful sentiment driver. Any progress that strengthens bilateral trade, eases tariff concerns, or deepens technology and manufacturing partnerships will be viewed positively by the markets. India remains in a structural bull phase, but near-term moves will be dictated by these key macro catalysts,&quot; said Naren Agarwal, CEO, Wealth1.

&amp;nbsp;
Russia-Ukraine peace deal:
The United States has been preparing a peace plan to end the ongoing war between Russia and Ukraine. Ukrainian President Volodymyr Zelenskyy on Tuesday said that he was ready to advance a US-backed framework for ending the war with Russia and discuss disputed points with Trump in talks he said should include European allies.

The initial 28-point proposal put forth by US last week called on Ukraine to cede territory, accept limits on its military and abandon its plans to join NATO. Those terms would amount to capitulation for many Ukrainians after nearly four years of fighting in Europe's deadliest conflict since World War II.

According to reports, officials from Ukraine and Russia are set to meet in the near future to discuss terms of a peace plan. It is however important to note that such discussions had taken place earlier as well, bearing no fruit.

However, in case the two sides agree to the deal and end the war, markets will possibly see a sharp surge. The expectations have pushed down oil prices, with Brent crude falling to $62.38.

Also read: Key factors behind today's market rise

&amp;nbsp;
Fed rate cut optimism:
Despite initial expectations of a no rate cut, a higher probability of a December rate cut by the US Federal Reserve has been boosting global markets. New York Fed President John Williams, a permanent voter on rate policy and vice chair of the rate-setting Federal Open Market Committee, said on Friday that interest rates can fall &quot;in the near term&quot;.

&quot;I view monetary policy as being modestly restrictive...Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral,&quot; Williams said. Investors now put a nearly 60 percent chance of a 25 basis point cut at the U.S. central bank's December meeting, reversing what had been strong conviction that the Fed would pause due to concerns about inflation.

A rate cut by the Federal Reserve will likely increase discretionary spending in the US, which in turn benefits IT stocks which have a significant contribution to the markets. A sharp surge in IT stocks can push the benchmark indices towards fresh record highs.

&quot;Lower interest rates in the US generally improve liquidity conditions and increase the attractiveness of emerging markets such as India, prompting risk-on sentiment across equities.

&quot;Global sentiment remains constructive, supported by expectations of a December U.S. rate cut, keeping the overall tone optimistic,&quot; said Hitesh Tailor, research analyst at Choice Broking.

“The combination of strong global cues, easing rate concerns, and broad-based buying has helped the market stabilize after recent weakness,&quot; said Pravesh Gour, Senior Technical Analyst at Swastika Investmart.

&amp;nbsp;
Sustained FII inflows:
Foreign investors remained net buyers on November 25. Foreign investors (FIIs/FPIs) net bought Indian equities worth Rs 785 crore yesterday. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 3,912 crore, according to provisional exchange data.

However, FIIs have been net sellers of shares worth Rs 2.57 lakh crore in 2025 so far. DIIs have net bought shares worth Rs 6.91 lakh crore during the same period.

Sustained buying by FIIs may further push the markets closer towards record high levels. &quot;FII flows have steadied, domestic liquidity is strong, and that is helping to support sentiment. If Nifty manages a sustained close above the current resistance zone, new highs may not be far away. There will be bouts of volatility, but as long as the macro environment stays steady, the overall direction still looks positive,&quot; Siddharth Maurya from Vibhavangal Anukulakara said.

Expectations of rate cuts by Federal Reserve have improved risk appetite across emerging markets, including India. This has encouraged foreign investors to increase their buying, said Abhinav Tiwari from Bonanza. &quot;If US bond yields remain stable or move lower, and if there are no new banking or geopolitical issues globally, foreign institutional inflows into Indian stocks may continue,&quot; he added.

&amp;nbsp;
What should investors do?
Fundamentals indicate that the market is moving to a new high, said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited. He added that the question now is 'When'.

He noted that the previous attempts by the Nifty and Sensex to break the 2024 September highs did not succeed since the rally lost steam on FII selling, and the expected US - India trade deal failing to conclude. &quot;Also there was no clarity on the earnings growth for FY27. Now things are slowly changing in favour of a rally towards a new record high. The most important catalyst for the rally will come from strong earnings growth. FY27 is likely to witness above 15% earnings growth. This is a strong fundamental support. A US-India trade deal may happen at any time.  Weakness in the AI trade will nudge FIIs to turn buyers in India,&quot; he said.

&quot;Investors should focus on largecaps and quality midcaps with  high growth potential. Smallcaps, in general, continue to be over valued,” he added.

Clearly, the market is within striking distance of fresh lifetime highs, but the breakout would be a function of how confidence builds at these important levels, said Ravi Singh, Chief Research Officer from Master Capital Services.

&quot;For now, the trend is upwards, but traders are also cautious, which is quite normal when the indices approach the record zone. A brief phase of consolidation or mild profit booking would actually strengthen rather than weaken this setup. If the global cues stay supportive and the domestic flows are stable, new highs may be attempted in the near term,&quot; he said.

&quot;Additionally, if Nifty holds above the key support of 25800-26000 then the uptrend can extend towards 26500-26700 levels. But the move may unfold in stages rather than in one sharp rally. What will matter most is whether buying interest stays broad-based and not confined to just a handful of large stocks,&quot; he concluded.

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Live: Nifty sees best single day rally since June 2025, nears record high | Closing Bell

After a broad-based buying spree on November 26, Indian benchmark indices <a href="https://www.moneycontrol.com/news/business/markets/sensex-rises-650-pts-nifty-near-26-100-fed-rate-cut-optimism-among-key-factors-behind-market-rally-13696354.html">Sensex and Nifty</a> are within touching distance of their all-time highs. The 1.2% rally on the markets was the biggest single-day jump in five months.

Amid optimism over rate cut by Federal Reserve next month and RBI Governor's dovish comments, Indian markets have stormed past the resistance and could further notch new highs, said analysts.

When seen from day's high, Sensex is currently 350 points away from reclaiming its all-time high while Nifty needs to climb another 65 points. Today, Sensex rallied over 1,000 points while Nifty reclaimed the psychologically important 26,200-mark.

Pravesh Gour, Senior Technical Analyst at Swastika Investmart said today's rally provides comfort in the fact that all sectors have participated in it and that such secular rallies would improve investor sentiment.

"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 US economic data has strengthened expectations that the Fed could begin easing monetary policy in the coming months. Lower interest rates in the US 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 stabilise after recent weakness," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart.

Gour said Nifty could hit 26,500 in near term if it decisively crosses the all-time high of 26,277 and that 25,800 is the immediate support.

"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," said Gour.

Another analyst said this rally has more legs and today's move is not just a temporary bounce.

"Today’s market rally was driven by monthly expiry short-covering, strong support from PSU banks and metal stocks, and positive global cues. FIIs sharply reduced short positions, adding momentum to the upside. Technical structures for both Nifty and Bank Nifty show higher highs and higher lows with rising EMAs, indicating sustained buying on dips. Option-chain support around 25,850–25,900 also provided a solid floor for Nifty. Improved global sentiment and renewed domestic sectoral strength made the move broader and healthier. Overall, the rally reflects a mix of short-covering, sector rotation, and supportive technicals, rather than just a temporary bounce," said Drumil Vithlani, Technical Analyst at Bonanza.

Meanwhile, Bank Nifty notched a fresh high of 59,553 on November 26 and is set for its best day after October 1 amid expectations of a rate cut by Reserve Bank of India early next month.

Lower interest rates make borrowing cheaper for business and consumer and lenders tend to benefit from stronger loan demand.

Axis Bank, which is up 1.9%, is the top gainer on Nifty Bank index, while Union Bank of India is leading gains on Nifty PSU Bank index.

Another analyst said there will be bouts of volatility but the overall direction still looks positive.

"Markets are sitting just below their record highs, and a clear breakout will be largely dependent on two things: more certainty around global rate cuts and the start of the domestic earnings season. FII flows have steadied, domestic liquidity is strong, and that is helping to support sentiment. If Nifty manages a sustained close above the current resistance zone, new highs may not be far away. There will be bouts of volatility, but as long as the macro environment stays steady, the overall direction still looks positive," said Siddharth Maurya, Founder &amp; Managing Director, Vibhavangal Anukulakara Pvt. Ltd.

Markets rally 1.2%: Sensex 350 pts away from all-time high, Nifty 65 pts; here's when fresh highs are possible

After a broad-based buying spree on November 26, Indian benchmark indices Sensex and Nifty are within touching distance of their all-time highs. The 1.2% rally on the markets was the biggest single-day jump in five months.

Amid optimism over rate cut by Federal Reserve next month and RBI Governor's dovish comments, Indian markets have stormed past the resistance and could further notch new highs, said analysts.

When seen from day's high, Sensex is currently 350 points away from reclaiming its all-time high while Nifty needs to climb another 65 points. Today, Sensex rallied over 1,000 points while Nifty reclaimed the psychologically important 26,200-mark.

Pravesh Gour, Senior Technical Analyst at Swastika Investmart said today's rally provides comfort in the fact that all sectors have participated in it and that such secular rallies would improve investor sentiment.

&quot;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 US economic data has strengthened expectations that the Fed could begin easing monetary policy in the coming months. Lower interest rates in the US generally improve liquidity conditions and increase the attractiveness of emerging markets such as India, prompting risk-on sentiment across equities.

&quot;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 stabilise after recent weakness,&quot; said Pravesh Gour, Senior Technical Analyst at Swastika Investmart.

Gour said Nifty could hit 26,500 in near term if it decisively crosses the all-time high of 26,277 and that 25,800 is the immediate support.

&quot;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,&quot; said Gour.

Another analyst said this rally has more legs and today's move is not just a temporary bounce.

&quot;Today’s market rally was driven by monthly expiry short-covering, strong support from PSU banks and metal stocks, and positive global cues. FIIs sharply reduced short positions, adding momentum to the upside. Technical structures for both Nifty and Bank Nifty show higher highs and higher lows with rising EMAs, indicating sustained buying on dips. Option-chain support around 25,850–25,900 also provided a solid floor for Nifty. Improved global sentiment and renewed domestic sectoral strength made the move broader and healthier. Overall, the rally reflects a mix of short-covering, sector rotation, and supportive technicals, rather than just a temporary bounce,&quot; said Drumil Vithlani, Technical Analyst at Bonanza.

Meanwhile, Bank Nifty notched a fresh high of 59,553 on November 26 and is set for its best day after October 1 amid expectations of a rate cut by Reserve Bank of India early next month.

Lower interest rates make borrowing cheaper for business and consumer and lenders tend to benefit from stronger loan demand.

Axis Bank, which is up 1.9%, is the top gainer on Nifty Bank index, while Union Bank of India is leading gains on Nifty PSU Bank index.

Another analyst said there will be bouts of volatility but the overall direction still looks positive.

&quot;Markets are sitting just below their record highs, and a clear breakout will be largely dependent on two things: more certainty around global rate cuts and the start of the domestic earnings season. FII flows have steadied, domestic liquidity is strong, and that is helping to support sentiment. If Nifty manages a sustained close above the current resistance zone, new highs may not be far away. There will be bouts of volatility, but as long as the macro environment stays steady, the overall direction still looks positive,&quot; said Siddharth Maurya, Founder &amp;amp; Managing Director, Vibhavangal Anukulakara Pvt. Ltd.

<b>11</b> out of <b>17</b> years <b>BSE CAP GOODS</b> has given positive returns in <b>November</b>.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	68,802.68	69,042.95	69,280.79	68,564.84	68,324.57	68,086.73	67,846.46
Fibonacci	68,747.48	68,860.32	69,042.95	68,564.84	68,382.21	68,269.37	68,086.73
Camarilla	68,606.23	68,650.05	68,693.88	68,564.84	68,518.57	68,474.75	68,430.92

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