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

Market Today

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.

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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

Index	Prices	Change	Change%
Sensex	85,720.38	110.87	+0.13%
Nifty 50	26,215.55	10.25	+0.04%
Nifty Bank	59,737.30	209.25	+0.35%

Nifty 50 26,215.55 10.25 (0.04%)

Thu, Nov 27, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Bajaj Finance	1,033.80	23.10	+2.29%

Biggest Loser	Prices	Change	Change%
Eicher Motors	6,999.00	-199.50	-2.77%

Best Sector	Prices	Change	Change%
Nifty Bank	59737.30	209.20	+0.35%

Worst Sector	Prices	Change	Change%
Nifty Energy	35756.20	-208.60	-0.58%

On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil & 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 & 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.

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More than 120 stocks hit 52-week high, including Ashok Leyland, M&M Financial, MCX India, Shriram Finance, BHEL, L&T, L&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.

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