Taking Stock: Sensex, Nifty edge higher amid volatile trading; Adani Group stocks lead recovery

European markets and US equity futures declined as investors evaluated recent US cabinet appointments and awaited key economic data for insights on interest rate trends.

India's benchmark indices closed slightly higher on November 27 after a choppy trading session. Meanwhile, Adani Group stocks surged. The Sensex gained 230.02 points (0.29%) to close at 80,234.08, while the Nifty advanced 82.20 points (0.34%) to settle at 24,276.7. Market breadth remained positive, with 2,470 stocks advancing, 1,302 declining, and 105 remaining unchanged.

Adani Group shares surged up to 12% after Adani Green Energy Ltd said the conglomerate's chairman Gautam Adani and his aides have not been charged under the US Foreign Corrupt Practices Act. The recovery added Rs 1.2 lakh crore to the collective market capitalisation of the conglomerate's listed firms. Ola Electric shares jumped as much as 20 percent after Citi initiated coverage with a "Buy" rating and a target price of Rs 90, signaling a 23% upside potential from its previous close of Rs 73.

Globally, European markets and US equity futures declined as investors evaluated recent US cabinet appointments and awaited key economic data for insights on interest rate trends. The Stoxx 600 index in Europe slipped 0.3%, while S&P 500 futures dipped 0.2%. US Treasury yields fell, with the 10-year benchmark yield dropping four basis points to 4.27%. New appointments in Donald Trump’s administration fueled speculation about trade policies, with Jamieson Greer named US Trade Representative and Kevin Hassett appointed to lead the National Economic Council. Greer played a pivotal role in Trump’s first-term trade strategies.

Outlook for November 28

Vinod Nair, Head of Research, Geojit Financial Services

Indian indices continue to exhibit positive upside as a result of healthy consolidation and the likelihood of strong H2FY25 earnings forecasts. In Asia, market sentiment was mixed due to the potential tariff impositions by the US. Meanwhile, the Chinese market rebounded on expectations of additional stimulus measures. The global sentiment is positive as the US FOMC minutes and a truce in the Middle East were optimistic. Decelerating inflation and robust growth prospects could lead to continued rate cuts by the Federal Reserve.

Aditya Gaggar Director of Progressive Shares

With the help of Banking and select heavyweights, the Index breached its thin range to end the session higher at 24,274.90 with gains of 80.40 points. Among the segments, Energy and Media gained by 1.45 percent and 0.98 percent and outperformed whereas the Pharma sector fell by 0.61 percent and registered itself as a major laggard. Mid and Smallcaps advanced by 0.64 percent & 1.30 percent and outshined the Frontline Index. From the past 3 trading days, the Index is seen oscillating in a tight range of 24,140-24,350, a breakout on either side is necessary for a directional trend.

Index	Prices	Change	Change%
Sensex	83,389.10	-146.25	-0.18%
Nifty 50	25,533.50	-40.85	-0.16%
Nifty Bank	57,838.20	-99.35	-0.17%

Nifty 50 25,533.50 -40.85 (-0.16%)

Tue, Nov 11, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Bharti Airtel	2,049.00	29.20	+1.45%

Biggest Loser	Prices	Change	Change%
Bajaj Finserv	1,966.50	-151.80	-7.17%

Best Sector	Prices	Change	Change%
Nifty IT	35816.80	128.50	+0.36%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8275.60	-65.10	-0.78%

Ajit Mishra – SVP, Research, Religare Broking Ltd

The markets remained range-bound for the third consecutive session, closing slightly higher and continuing the ongoing consolidation phase. After an initial uptick, the Nifty traded within a narrow range during the first half. However, a late surge in select heavyweight stocks lifted the index, which eventually settled at 24,274.90. Sector-wise, the trend remained mixed, with energy and metal stocks leading the gains, while pharma and realty sectors showed minor weakness. Broader indices outperformed during the consolidation, registering gains of 0.7% to 1.35%.

The Nifty has demonstrated resilience throughout this consolidation phase, and the upcoming monthly expiry of November derivatives contracts on Thursday could potentially trigger a breakout above the 24,350 level, paving the way for a move toward 24,550. Notably, rotational buying in select heavyweight stocks across sectors is helping sustain a positive market sentiment. On the downside, a close below 24,100 could put pressure on the bulls and prolong the consolidation phase. In this environment, traders should prioritize prudent stock selection and effective trade management.

Ameya Ranadive Chartered Market Technician, CFTe, Sr Technical Analyst, StoxBox

Indian benchmark equity indices experienced a positive closing, influenced by mixed global cues. The Sensex increased by 230 points to reach 80,240, while the Nifty rose by 80.40 points to attain 24,300. The broader market indices have observed a notable rally over the past four sessions, with the Nifty Small-cap 100 advancing nearly 5% as FIIs mitigated their selling pressure and transitioned into marginal buyers. Overall, the market exhibited stability, with the VIX stabilising. Sectoral indices presented varied trends, reflecting both gains and losses across different sectors. The Nifty Energy and Metal indices demonstrated strong performances, whereas the Nifty IT and pharmaceutical sectors lagged behind. On a stock-specific basis, shares of Ola Electric surged by 20%, reaching the upper circuit limit of Rs 88.10, following the company's introduction of its most affordable electric scooters to date—the S1 Z and Gig range.

The benchmark index opened quietly and experienced a lackluster trading session. It fluctuated within a range of 209 points, staying close to the previous trading levels, which suggests a period of volatility compression. Overall market breadth remained pessimistic; however, broader indices outperformed the benchmark index for the second consecutive session. In terms of sector performance, the action was mixed, with Energy, Commodities, and the PSE index outperforming their peers, closing up by more than 1%.