Taking Stock: Sensex, Nifty end flat amid volatility; up 2% in November

Market Today

In the volatile last session of the week and the month, the Indian benchmark ended marginally lower, snapping two-day winning run on November 28. At close, the Sensex was down 13.71 points or 0.02 percent at 85,706.67, and the Nifty was down 12.60 points or 0.05 percent at 26,202.95.

After hitting fresh all-time highs in the previous session, the indices opened mildly higher and traded in a range throughout the session with Nifty managed to close above 26,200.

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Broader indices performed inline with the main indices, with BSE Midcap and smallcap indices finishing on a flat note.

The benchmark indices extended the gains on third consecutive week and month, with BSE Sensex and Nifty rising 0.5 percent each in this week and adding 2% each in the month of November.

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On the sectoral front, pharma, media, auto rose 0.5-1%, while power, oil & gas, telecom shed 0.5-1% each.

Adani Enterprises, M&M, Adani Ports, Sun Pharma, HUL were among top gainers on the Nifty, while losers were SBI Life Insurance, Shriram Finance, HDFC Life, Power Grid Corp and Bharti Airtel.

Index	Prices	Change	Change%
Sensex	85,762.01	573.41	+0.67%
Nifty 50	26,328.55	182.00	+0.70%
Nifty Bank	60,150.95	439.40	+0.74%

Nifty 50 26,328.55 182.00 (0.70%)

Fri, Jan 02, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Coal India	427.90	27.45	+6.85%

Biggest Loser	Prices	Change	Change%
ITC	350.05	-13.80	-3.79%

Best Sector	Prices	Change	Change%
Nifty Energy	36275.65	768.00	+2.16%

Worst Sector	Prices	Change	Change%
Nifty FMCG	53078.80	-639.70	-1.19%

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In stock-specific action, Gail India shares fell 4% after PNGRB tariff increase is below estimate, 63 Moons Technologies shares added 16% on one-time settlement approval by NCLT, Ashoka Buildcon shares fell 4% on suspending for participating in NHAI bids, Tanfac Industries shares rose 5% on winning contract of Rs 336 crore from Krishna Organics, Nectar Lifesciences shares jump 20% as firm’s board set to consider share buyback on Dec 3, Sundaram-Clayton share price rose 4% on picking 11.63% stake of Navia Two Power.

In today's session, the Indian rupee has touched fresh record low of 89.49 per dollar, finishing at 89.45 per dollar against previous close of 89.30.

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More than 120 stocks hit 52-week high, including M&M Financial, GMR Airports, Adani Ports, IIFL Finance, Cummins, AIA Engineering, Hero MotoCorp, L&T Finance, Reliance Industries, Shriram Finance, among others. Click to View More

New Listing

Sudeep Pharma shares ended 30% higher at Rs 773.70 on November 28 after making strong stock market debut to list at over 23 percent premium over its initial public offer (IPO) price.

Outlook for December 1

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

The consolidation movement continued in the market for the second consecutive sessions on Friday and Nifty closed lower by 12 points. After opening higher, the market was not able to sustain the highs in the early part and later shifted into a gradual weakness amidst range movement in the mid to later part of the session.

A small negative candle has been on the daily chart with minor upper and lower shadow. Technically, this market signal continuation of choppy movement in the market after a stellar rally of Wednesday. After the formation of long bull candle on Wednesday, Nifty showing a narrow range movement over the last couple of sessions signal possible uptrend continuation pattern.

The underlying uptrend of Nifty remains intact. The present choppy movement could eventually result in another round of sharp breakout soon in the market. The near term upside target to be watched around 26600 and immediate support is placed at 26050.

Ajit Mishra – SVP, Research, Religare Broking

Markets traded lackluster on Friday and ended almost unchanged, taking a breather after hitting a fresh record high. On the index front, the Nifty edged slightly higher in early trade, but a mixed trend across heavyweight stocks kept the momentum in check throughout the session, eventually closing flat at the 26,205 level. Sectoral performance was uneven, with auto and pharma posting gains while energy and financials ended in the red. Market breadth remained subdued as both mid-cap and small-cap indices closed largely unchanged.

The strong rebound in global markets, supported by expectations of continued liquidity, is aiding the ongoing momentum in domestic equities. Additionally, improving geopolitical developments are offering further comfort to investors.

We maintain a positive outlook and recommend continuing with a “buy on dips” approach as long as the Nifty holds above the 25,900-support zone, with a potential upside target near 26,500.

With sectoral participation shifting on a rotational basis, traders should stick to steady performers and trail stop losses as trades move in their favors. For fresh entries, it is advisable to remain selective and focus on large-cap and stronger mid-cap names, while staying cautious in pockets that appear overbought or vulnerable.

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.