Nifty India Defence

The benchmark equity indices scaled fresh record levels in intra-day trade on Thursday before ending with modest gains, supported by firm global cues on expectations of a US Federal Reserve rate cut and continued foreign fund inflows.

The Sensex rose 110.88 points or 0.13 percent to close at 85,720.38. It touched an all-time high of 86,055.86 during the session, surpassing its previous record of 85,978.25 hit on September 27, 2024.

The Nifty advanced 10.25 points, or 0.04 percent to end at 26,215.55 after hitting a new peak of 26,310.45 earlier in the day. The index had last set an intra-day high of 26,277.35 on September 27, 2024.

Analysts said the short-term trend remains positive, with scope for the Nifty to move towards 26,500, while major support is seen near 25,800.

Ajit Mishra, SVP–Research, Religare Broking, said the index is expected to maintain its upward bias. "Immediate support lies in the 26,100–26,050 region, with major support near 25,800."

Sudeep Shah, Head – Technical and Derivatives Research, SBI Securities, said the 26,300–26,330 zone remains a key hurdle for the Nifty. "A sustained move above 26,330 could fuel an upside rally towards 26,500 in the short term. On the downside, support is placed at 26,090–26,060," he said.

Shah added that the Bank Nifty also touched a new all-time high on Thursday and is likely to extend its gains. He pegged near-term targets at 60,100 and 60,500, with support at 59,400–59,300.

Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities, said the formation of a small red candle on the daily chart suggests near-term consolidation. "The market may see more choppy movement before another leg of upside. Immediate support is at 26,100–26,050, while the next resistance to watch is around 26,600," he said.

Major Asian markets, including South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng, ended in positive territory.

<em><strong>Disclaimer:</strong> 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>

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Technical View | Markets hit record high: Experts see short term rally to 26,500 for Nifty with major support near 25,800

The benchmark equity indices scaled fresh record levels in intra-day trade on Thursday before ending with modest gains, supported by firm global cues on expectations of a US Federal Reserve rate cut and continued foreign fund inflows.

The Sensex rose 110.88 points or 0.13 percent to close at 85,720.38. It touched an all-time high of 86,055.86 during the session, surpassing its previous record of 85,978.25 hit on September 27, 2024.

The Nifty advanced 10.25 points, or 0.04 percent to end at 26,215.55 after hitting a new peak of 26,310.45 earlier in the day. The index had last set an intra-day high of 26,277.35 on September 27, 2024.

Analysts said the short-term trend remains positive, with scope for the Nifty to move towards 26,500, while major support is seen near 25,800.

Ajit Mishra, SVP–Research, Religare Broking, said the index is expected to maintain its upward bias. &quot;Immediate support lies in the 26,100–26,050 region, with major support near 25,800.&quot;

Sudeep Shah, Head – Technical and Derivatives Research, SBI Securities, said the 26,300–26,330 zone remains a key hurdle for the Nifty. &quot;A sustained move above 26,330 could fuel an upside rally towards 26,500 in the short term. On the downside, support is placed at 26,090–26,060,&quot; he said.

Shah added that the Bank Nifty also touched a new all-time high on Thursday and is likely to extend its gains. He pegged near-term targets at 60,100 and 60,500, with support at 59,400–59,300.

Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities, said the formation of a small red candle on the daily chart suggests near-term consolidation. &quot;The market may see more choppy movement before another leg of upside. Immediate support is at 26,100–26,050, while the next resistance to watch is around 26,600,&quot; he said.

Major Asian markets, including South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng, ended in positive territory.

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.

The Indian equity indices touched fresh record highs on November 27, surpassing the previous high touched on September 27, 2024. The market traded in a positive territory on rising expectations of rate cut by Federal Reserve and Reserve Bank of India in their December policy meetings and possible Russia-Ukraine peace deal.

Indices started the session on a high and extended buying helped BSE Sensex and Nifty 50 touched their new record peak of 86,055.86 and 26,310.45, respectively. However, profit booking in the second half erased most of the gains to close with little change.

With today's rally, BSE Sensex and Nifty surpassed 86,000 and 26,300, respectively, for the first time in intraday trade.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.

Also Read - <a href="https://www.moneycontrol.com/news/business/commodities/jp-morgan-warns-of-steep-oil-price-fall-to-30-by-fy27-report-13696090.html">JP Morgan warns of steep oil price fall to $30s by FY27: Report</a>

Nifty Midcap 100 index also touched new record high before settling with no change, while Nifty small-cap index shed 0.5 percent.

Nifty Bank index also rallied to fresh record high of 59,866.60, closing 0.35 percent higher at 59,737.30.

Also Read: <a href="https://www.moneycontrol.com/news/business/earnings/most-mid-and-small-cap-stocks-struggle-despite-benchmark-rally-in-november-13698350.html">Most mid and small-cap stocks struggle despite benchmark rally in November</a>

On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil &amp; gas, realty, consumer durables, energy down 0.5% each.

Bajaj Finance, HUL, Bajaj Finserv, ICICI Bank, Shriram Finance were among major gainers on the Nifty, while losers were Eicher Motors, ONGC, Eternal, Maruti Suzuki, Bajaj Auto.

Also Read: <a href="https://www.moneycontrol.com/news/business/rbi-expected-to-cut-rates-to-5-25-on-december-5-reuters-poll-13698345.html">RBI expected to cut rates to 5.25% on December 5: Reuters poll</a>

In stock-specific action, Studds Accessories shares shed 1% despite profit jumping 18%, Whirlpool of India share price shed 11% after 1.5 crore shares (11.8% equity) change hands in block deal, Sterling &amp; Wilson Renewable share price rose 1% on order winning of Rs 1,313 crore in South Africa, CarTrade Tech shares slipped 3.5% on terminating the proposed transaction with Girnar Software, Glenmark Pharma shares rose 1% post USFDA issued EIR for its Monroe facility, Patel Engineering shares jumped 12% on getting orders worth Rs 798 crore.

Also Read: <a href="https://www.moneycontrol.com/news/business/personal-finance/should-you-invest-in-bonds-key-benefits-risks-and-sebi-warnings-explained-13698391.html">Should you invest in bonds? Key benefits, risks and SEBI warnings explained</a>

More than 120 stocks hit 52-week high, including Ashok Leyland, M&amp;M Financial, MCX India, Shriram Finance, BHEL, L&amp;T, L&amp;T Finance, Hero MotoCorp, PNB, Axis Bank, GMR Airports, Reliance Industries, Max Financial, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-high-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

<strong>Outlook for November 28</strong>

<strong>Rupak De, Senior Technical Analyst at LKP Securities</strong>

The index remained sideways after a positive start, ending the day almost unchanged. On Thursday, the Nifty registered a new all-time high after 14 months, but the breakout was muted, and the index moved sideways thereafter.

The short-term trend, however, remains positive, with the index trading comfortably above all major moving averages. The RSI is in a bullish crossover, and the higher-top, higher-bottom structure appears intact, confirming an ascending chart pattern.

On the lower end, support is placed at 26,000; until this level is breached, the index may move towards 26,440/26,580. A buy-on-dips approach would be a better strategy, as some consolidation in the near term is expected after the recent sharp up-move.

<strong>Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities</strong>

After witnessing an excellent breakout on Wednesday, Nifty shifted into a consolidation at the new all-time highs on Thursday and closed the day higher by 10 points amidst volatility. After opening on a positive note, the market registered a new all-time high at 26310 levels in the early part of the session. It later failed to gather momentum at the new highs and slipped into minor weakness amidst range bound action.

A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates a consolidation movement in the market post breakout. This market action also suggests some more choppy movement for the short term before showing another round of sharp upmove in the near-term. Immediate support is placed at 26100-26050. Next upside levels to be watched around 26600.

<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.

Taking Stock: Sensex, Nifty retreat from record highs; media, private banks shine

The Indian equity indices touched fresh record highs on November 27, surpassing the previous high touched on September 27, 2024. The market traded in a positive territory on rising expectations of rate cut by Federal Reserve and Reserve Bank of India in their December policy meetings and possible Russia-Ukraine peace deal.

Indices started the session on a high and extended buying helped BSE Sensex and Nifty 50 touched their new record peak of 86,055.86 and 26,310.45, respectively. However, profit booking in the second half erased most of the gains to close with little change.

With today's rally, BSE Sensex and Nifty surpassed 86,000 and 26,300, respectively, for the first time in intraday trade.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.

Also Read - JP Morgan warns of steep oil price fall to $30s by FY27: Report

Nifty Midcap 100 index also touched new record high before settling with no change, while Nifty small-cap index shed 0.5 percent.

Nifty Bank index also rallied to fresh record high of 59,866.60, closing 0.35 percent higher at 59,737.30.

Also Read: Most mid and small-cap stocks struggle despite benchmark rally in November

On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil &amp;amp; gas, realty, consumer durables, energy down 0.5% each.

Bajaj Finance, HUL, Bajaj Finserv, ICICI Bank, Shriram Finance were among major gainers on the Nifty, while losers were Eicher Motors, ONGC, Eternal, Maruti Suzuki, Bajaj Auto.

Also Read: RBI expected to cut rates to 5.25% on December 5: Reuters poll

In stock-specific action, Studds Accessories shares shed 1% despite profit jumping 18%, Whirlpool of India share price shed 11% after 1.5 crore shares (11.8% equity) change hands in block deal, Sterling &amp;amp; Wilson Renewable share price rose 1% on order winning of Rs 1,313 crore in South Africa, CarTrade Tech shares slipped 3.5% on terminating the proposed transaction with Girnar Software, Glenmark Pharma shares rose 1% post USFDA issued EIR for its Monroe facility, Patel Engineering shares jumped 12% on getting orders worth Rs 798 crore.

Also Read: Should you invest in bonds? Key benefits, risks and SEBI warnings explained

More than 120 stocks hit 52-week high, including Ashok Leyland, M&amp;amp;M Financial, MCX India, Shriram Finance, BHEL, L&amp;amp;T, L&amp;amp;T Finance, Hero MotoCorp, PNB, Axis Bank, GMR Airports, Reliance Industries, Max Financial, among others. Click to View More

Outlook for November 28

Rupak De, Senior Technical Analyst at LKP Securities

The index remained sideways after a positive start, ending the day almost unchanged. On Thursday, the Nifty registered a new all-time high after 14 months, but the breakout was muted, and the index moved sideways thereafter.

The short-term trend, however, remains positive, with the index trading comfortably above all major moving averages. The RSI is in a bullish crossover, and the higher-top, higher-bottom structure appears intact, confirming an ascending chart pattern.

On the lower end, support is placed at 26,000; until this level is breached, the index may move towards 26,440/26,580. A buy-on-dips approach would be a better strategy, as some consolidation in the near term is expected after the recent sharp up-move.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After witnessing an excellent breakout on Wednesday, Nifty shifted into a consolidation at the new all-time highs on Thursday and closed the day higher by 10 points amidst volatility. After opening on a positive note, the market registered a new all-time high at 26310 levels in the early part of the session. It later failed to gather momentum at the new highs and slipped into minor weakness amidst range bound action.

A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates a consolidation movement in the market post breakout. This market action also suggests some more choppy movement for the short term before showing another round of sharp upmove in the near-term. Immediate support is placed at 26100-26050. Next upside levels to be watched around 26600.

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.

After hitting fresh all-time highs in trade, benchmark indices Nifty 50 and Sensex have retreated from their records settling flat on November 27.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55. About 1,900 shares advanced, 2,073 shares declined, and 167 shares were unchanged.

The sectors settled mixed, with financial services, media, IT and private banks posting modest gains, while autos and FMCG remained largely flat. Weakness was visible in PSU banks, realty, consumer durables, metal, oil and gas, and healthcare, which slipped into the red. Pharma held steady with no major movement.

Nifty 50 hitting a new high after 14 months is an important sign that market sentiment has turned strongly positive. The index had been consolidating near its previous peak of 26,277 for over a year, holding key support levels of 26,000-25,800.

The rally has been reinforced by expectations of rate cuts from both the RBI and the US Federal Reserve - a shift that improves visibility for interest-rate-sensitive sectors and could trigger renewed FPI inflows.

Alongside this, early signs of an earnings recovery from Q3 - supported by GST rationalisation and improving rural demand - are improving confidence in the earnings cycle, said Ajay Menon, MD &amp; CEO - Wealth Management, Motilal Oswal Financial Services.

"Optimism around a potential trade agreement boosting export-linked sectors has further strengthened sentiment. Together, these factors are driving investors to move beyond selective positioning and reposition portfolios for a more broad-based market upcycle," Menon added.

"This breakout above 26,277 confirms that the long-term uptrend is intact and gaining strength. It also reflects renewed institutional buying, supported by better macro conditions, stable earnings, and participation from multiple sectors," said Amruta Shinde, Technical &amp; Derivative Analyst at Choice Broking.

Shinde added that the Nifty 50 has moved above its earlier resistance zone of 26,250-26,280, which now becomes a strong support area for future rallies. Market breadth remains healthy, showing that the rise is not limited to a few stocks. Key sectors like banking, autos, and capital goods are leading the momentum, adding confidence to the breakout.

<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>

Sensex retreats from record high, Nifty settles flat after erasing day's gains

After hitting fresh all-time highs in trade, benchmark indices Nifty 50 and Sensex have retreated from their records settling flat on November 27.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55. About 1,900 shares advanced, 2,073 shares declined, and 167 shares were unchanged.

The sectors settled mixed, with financial services, media, IT and private banks posting modest gains, while autos and FMCG remained largely flat. Weakness was visible in PSU banks, realty, consumer durables, metal, oil and gas, and healthcare, which slipped into the red. Pharma held steady with no major movement.

Nifty 50 hitting a new high after 14 months is an important sign that market sentiment has turned strongly positive. The index had been consolidating near its previous peak of 26,277 for over a year, holding key support levels of 26,000-25,800.

The rally has been reinforced by expectations of rate cuts from both the RBI and the US Federal Reserve - a shift that improves visibility for interest-rate-sensitive sectors and could trigger renewed FPI inflows.

Alongside this, early signs of an earnings recovery from Q3 - supported by GST rationalisation and improving rural demand - are improving confidence in the earnings cycle, said Ajay Menon, MD &amp;amp; CEO - Wealth Management, Motilal Oswal Financial Services.

&quot;Optimism around a potential trade agreement boosting export-linked sectors has further strengthened sentiment. Together, these factors are driving investors to move beyond selective positioning and reposition portfolios for a more broad-based market upcycle,&quot; Menon added.

&quot;This breakout above 26,277 confirms that the long-term uptrend is intact and gaining strength. It also reflects renewed institutional buying, supported by better macro conditions, stable earnings, and participation from multiple sectors,&quot; said Amruta Shinde, Technical &amp;amp; Derivative Analyst at Choice Broking.

Shinde added that the Nifty 50 has moved above its earlier resistance zone of 26,250-26,280, which now becomes a strong support area for future rallies. Market breadth remains healthy, showing that the rise is not limited to a few stocks. Key sectors like banking, autos, and capital goods are leading the momentum, adding confidence to the breakout.

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.

Live: Sensex, Nifty retreat after mounting on new lifetime highs | Closing Bell

Indian stock markets hit fresh lifetime highs on November 27 after 14 months but analysts have advised investors to not be euphoric and exercise restraint.

<a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html">Nifty 50</a> gained more than 105 points (over 0.4 percent) to its new record high level of 26,310, breaking its previous record of 26,277 which it had hit in September last year. <a href="https://www.moneycontrol.com/indian-indices/SENSEX-4.html">Sensex</a>, meanwhile, gained over 446 points (around 0.5 percent) to cross the 86,000-mark for the first time ever.

Later, the benchmark indices erased some gains by the end of the day. Nifty 50 closed over 10 points (0.04 percent) higher at 26,215.55, while Sensex closed 111 points (0.13 percent) higher at 85,720.38.

&nbsp;
<h3><strong>What lies ahead?</strong></h3>
Analysts attributed strong domestic inflows, optimism over earnings recovery, strong macros and easing valuations as the <a href="https://www.moneycontrol.com/news/business/markets/nifty-sensex-at-fresh-record-highs-here-are-4-factors-that-led-market-to-new-peak-after-14-months-13698630.html">key factors</a> behind Indian stock markets scaling new record highs. However, some caution is warranted after this.

While the undertone remains constructive, some experts estimate only a measured upside from current levels, likely limited to a few percentage points in the near term.

Equity markets have touched fresh lifetime highs, and the mild pullback that followed is a natural and healthy pause rather than a sign of structural weakness, said Naren Agarwal, CEO, Wealth1.

&nbsp;
<h3><strong>Avoid over-enthusiasm or 'FOMO-buying':</strong></h3>
“A large part of the mid-cap and small-cap universe including several sector leaders remains in a corrective or fragile zone despite headline indices hitting all-time highs,” said Prashanth Tapse, Senior VP research analyst at Mehta Equities.

He noted that sustaining the next leg of the rally will depend on a meaningful earnings recovery, stability in global macros, and continued domestic participation.

Tapse urged investors to not fall prey to over-enthusiasm or ‘FOMO buying’, as the rally continues to be narrow. “We advise a selective, quality-focused approach rather than chasing momentum at elevated levels,” he said.

&nbsp;
<h3>'Another market rally possible by mid-2026 if…'</h3>
Siddharth Maurya, Founder &amp; Managing Director at Vibhavangal Anukulakara, said that markets hitting fresh lifetime highs are a good sign, but this moment should be traded as “crossroads”. “We may see another leg up by mid-2026 if corporate earnings continue improving, rate cuts happen as expected, and global macro pressures remain mild,” he said.

The analyst added that against the backdrop of already rich valuations and weak breadth, there is a greater likelihood of a period of consolidation or stock-specific action. He advised investors to remain choosy as strong businesses with healthy cash flows are the best worth holding, while high-valuation, speculative bets may struggle.

"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," said Ajit Mishra – SVP, Research, Religare Broking.

Shravan Shetty, Managing Director at Primus Partners, expects the market to gain as the earnings growth of companies is expected to grow at 12-13 percent post moderation this year. "The government reforms announced are expected to help drive this. The relative underperformance of Indian markets as compared to other markets has made the Indian markets more attractive. With interest rates in the US expected to fall, coupled with further reduction in relative P/E due to better earnings, expect markets to gain in the coming year," he said.

&nbsp;
<h3><strong>What can boost markets further in near-future?</strong></h3>
Analysts have suggested key near-term triggers which can boost the stock markets further in the near future. These include RBI rate cut in December, India-US trade deal, Russia-Ukraine peace deal, Fed rate cut and sustained FII inflows.

There will be bouts of volatility, but as long as the macro environment stays steady, the overall direction still looks positive," Maurya earlier said.

“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,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.

He advised investors to focus on largecaps and quality midcaps with high growth potential, smallcaps, in general, continue to be overvalued.

"The broader trend still remains constructive, but near-term movements may be dictated by global cues, institutional flows, and policy signals. The ongoing discussions around a potential US–India trade framework are also being watched closely by markets, as any progress there can materially improve export visibility for several sectors, especially IT, pharma, and speciality manufacturing," said Naren Agarwal.

"In the near future, we may see a mix of consolidation and selective outperformance rather than a one-way rally. Valuations in pockets of mid-caps and thematic sectors have run ahead of fundamentals, and some cooling-off is both likely and healthy. Long-term investors should use dips to accumulate high-quality businesses with strong cash flows, reasonable valuations, and clear earnings visibility. The market may continue to make new highs, but the leadership will keep rotating, rewarding disciplined and sector-aware allocation," he added.

Bajaj Broking remained positive, saying that it expects  Nifty 50 to maintain overall positive bias and gradually head towards 26,500 and then towards 26,800 levels in the coming weeks. "The two-month uptrend has remained well within a rising channel, indicating sustained demand even at higher levels and reinforcing the positive bias for the index. The channel’s upper band also aligns near the 26,800 marks," it said.

"The overall sentiment remains positive till NIfty 50 is trading above 25800-26000 level even as some caution is visible at higher levels due to intermittent profit booking near 25250. Going ahead, the market is likely to stay volatile with an upward bias. Short-term corrections should be viewed as healthy and could present opportunities, provided the index continues to hold above crucial support zones," said Ravi Singh, Chief Research Officer from Master Capital Services.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-27-11-2025-liveblog-13698280.html">LIVE updates</a> from the stock markets here.

<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>

Nifty, Sensex hit new lifetime highs: Avoid 'FOMO buying', let market breadth improve, experts advise investors

Indian stock markets hit fresh lifetime highs on November 27 after 14 months but analysts have advised investors to not be euphoric and exercise restraint.

Nifty 50 gained more than 105 points (over 0.4 percent) to its new record high level of 26,310, breaking its previous record of 26,277 which it had hit in September last year. Sensex, meanwhile, gained over 446 points (around 0.5 percent) to cross the 86,000-mark for the first time ever.

Later, the benchmark indices erased some gains by the end of the day. Nifty 50 closed over 10 points (0.04 percent) higher at 26,215.55, while Sensex closed 111 points (0.13 percent) higher at 85,720.38.

&amp;nbsp;
What lies ahead?
Analysts attributed strong domestic inflows, optimism over earnings recovery, strong macros and easing valuations as the key factors behind Indian stock markets scaling new record highs. However, some caution is warranted after this.

While the undertone remains constructive, some experts estimate only a measured upside from current levels, likely limited to a few percentage points in the near term.

Equity markets have touched fresh lifetime highs, and the mild pullback that followed is a natural and healthy pause rather than a sign of structural weakness, said Naren Agarwal, CEO, Wealth1.

&amp;nbsp;
Avoid over-enthusiasm or 'FOMO-buying':
“A large part of the mid-cap and small-cap universe including several sector leaders remains in a corrective or fragile zone despite headline indices hitting all-time highs,” said Prashanth Tapse, Senior VP research analyst at Mehta Equities.

He noted that sustaining the next leg of the rally will depend on a meaningful earnings recovery, stability in global macros, and continued domestic participation.

Tapse urged investors to not fall prey to over-enthusiasm or ‘FOMO buying’, as the rally continues to be narrow. “We advise a selective, quality-focused approach rather than chasing momentum at elevated levels,” he said.

&amp;nbsp;
'Another market rally possible by mid-2026 if…'
Siddharth Maurya, Founder &amp;amp; Managing Director at Vibhavangal Anukulakara, said that markets hitting fresh lifetime highs are a good sign, but this moment should be traded as “crossroads”. “We may see another leg up by mid-2026 if corporate earnings continue improving, rate cuts happen as expected, and global macro pressures remain mild,” he said.

The analyst added that against the backdrop of already rich valuations and weak breadth, there is a greater likelihood of a period of consolidation or stock-specific action. He advised investors to remain choosy as strong businesses with healthy cash flows are the best worth holding, while high-valuation, speculative bets may struggle.

&quot;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,&quot; said Ajit Mishra – SVP, Research, Religare Broking.

Shravan Shetty, Managing Director at Primus Partners, expects the market to gain as the earnings growth of companies is expected to grow at 12-13 percent post moderation this year. &quot;The government reforms announced are expected to help drive this. The relative underperformance of Indian markets as compared to other markets has made the Indian markets more attractive. With interest rates in the US expected to fall, coupled with further reduction in relative P/E due to better earnings, expect markets to gain in the coming year,&quot; he said.

&amp;nbsp;
What can boost markets further in near-future?
Analysts have suggested key near-term triggers which can boost the stock markets further in the near future. These include RBI rate cut in December, India-US trade deal, Russia-Ukraine peace deal, Fed rate cut and sustained FII inflows.

There will be bouts of volatility, but as long as the macro environment stays steady, the overall direction still looks positive,&quot; Maurya earlier said.

“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,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.

He advised investors to focus on largecaps and quality midcaps with high growth potential, smallcaps, in general, continue to be overvalued.

&quot;The broader trend still remains constructive, but near-term movements may be dictated by global cues, institutional flows, and policy signals. The ongoing discussions around a potential US–India trade framework are also being watched closely by markets, as any progress there can materially improve export visibility for several sectors, especially IT, pharma, and speciality manufacturing,&quot; said Naren Agarwal.

&quot;In the near future, we may see a mix of consolidation and selective outperformance rather than a one-way rally. Valuations in pockets of mid-caps and thematic sectors have run ahead of fundamentals, and some cooling-off is both likely and healthy. Long-term investors should use dips to accumulate high-quality businesses with strong cash flows, reasonable valuations, and clear earnings visibility. The market may continue to make new highs, but the leadership will keep rotating, rewarding disciplined and sector-aware allocation,&quot; he added.

Bajaj Broking remained positive, saying that it expects  Nifty 50 to maintain overall positive bias and gradually head towards 26,500 and then towards 26,800 levels in the coming weeks. &quot;The two-month uptrend has remained well within a rising channel, indicating sustained demand even at higher levels and reinforcing the positive bias for the index. The channel’s upper band also aligns near the 26,800 marks,&quot; it said.

&quot;The overall sentiment remains positive till NIfty 50 is trading above 25800-26000 level even as some caution is visible at higher levels due to intermittent profit booking near 25250. Going ahead, the market is likely to stay volatile with an upward bias. Short-term corrections should be viewed as healthy and could present opportunities, provided the index continues to hold above crucial support zones,&quot; said Ravi Singh, Chief Research Officer from Master Capital Services.

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<b>null</b> out of <b>2</b> years <b>Nifty India Defence</b> has given negative returns in <b>November</b>.

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