Taking Stock: Sensex gains 993 pts, Nifty above 24,200 on clear mandate in Maharashtra

Market Today

The Indian equity market continued the previous session's rally and ended on a strong note on November 25 with Nifty above 24,200 after the BJP-led Mahayuti alliance secured a clear mandate in the Maharashtra elections.

At close, the Sensex was up 992.74 points or 1.25 percent at 80,109.85, and the Nifty was up 314.60 points or 1.32 percent at 24,221.90.

On the back of positive global cues, the Indian indices opened a gap-up on November 25 with Nifty around 24,250 and extended the gain in the first half. However, selling at higher levels erased some of the intraday gains, before closing in positive territory.

Also Read - Maharashtra Election win to boost market sentiment in the near-term, govt spending will be key to growth, state fiscal concerns persist

ONGC, BPCL, Bharat Electronics, SBI, and L&T were among the top gainers on the Nifty, while losers were JSW Steel, Infosys, Bajaj Auto, Tech Mahindra, and Asian Paints.

The BSE midcap index rose 1.6 percent while the smallcap index added nearly 2 percent.

Among sectors, oil & gas, realty, capital goods, and PSU bank went up 2-4 percent.

More than 200 stocks touched their 52-week high on the BSE, including, Coforge, Coromandel International, Federal Bank, Fortis Healthcare, Gillette India, HCL Technologies, HDFC Bank, Honasa Consumer, Indian Hotels, JSW Infra, KIMS, Laurus Labs, Mastek, NALCO, Paytm, Persistent Systems, Tech Mahindra, Wipro, among others. Click To View More

Index	Prices	Change	Change%
Sensex	81,207.17	223.86	+0.28%
Nifty 50	24,894.25	57.95	+0.23%
Nifty Bank	55,589.25	241.30	+0.44%

Nifty 50 24,894.25 57.95 (0.23%)

Fri, Oct 03, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Tata Steel	173.21	5.70	+3.40%

Biggest Loser	Prices	Change	Change%
Max Healthcare	1,069.20	-44.00	-3.95%

Best Sector	Prices	Change	Change%
Nifty Metal	10277.10	184.15	+1.82%

Worst Sector	Prices	Change	Change%
Nifty Auto	26753.10	-15.55	-0.06%

Outlook for November 26

Aditya Gaggar Director of Progressive Shares

Positive domestic cues propelled the Index to start the week on a robust note but then, it remained rangebound for the rest of the day to settle the trade at 24,221.90 with gains of 314.65 points.

For the sectors, all of them ended in green with PSU Banks and Realty being the top gainers. Mid and Smallcaps advanced by 1.61% & 2.03% and outperformed the Frontline Index.

Nifty50 has given a breakout from Falling Wedge formation but with a DOJI candlestick pattern which is not very encouraging. The activity in the upcoming days will confirm the success or failure of the pattern breakout.

For the time being, the nearby support is placed at 23,950 (bullish gap) whereas the higher side seems to be capped at 24,350.

Rupak De, Senior Technical Analyst, LKP Securities

The Nifty opened with a gap-up on Monday and traded sideways throughout the day. The index has moved above the 21 EMA, indicating improving sentiment. The RSI is in a bullish crossover and trending upward. The sentiment is expected to remain positive in the short term, with buying on dips likely to favor traders. On the higher side, 24,500 is expected to act as a crucial resistance; a decisive move above this level could trigger a further rally. Support on the lower side is placed at 23,950–24,000.

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