The Nifty opened weak and stayed volatile through the session, failing to hold its intraday recovery and closing below 26,100. Metals, Realty and PSU Banks dragged the market as breadth turned weak, while IT stocks slipped in reaction to softness in US tech despite Nvidia’s strong results. Midcap and Smallcap indices also saw deeper cuts, adding to the market pressure. Sentiment weakened further after stronger US jobs data clouded hopes of a near-term rate cut, and the Indian rupee slipped to a fresh record low of 88.83 amid global risk-off conditions. This morning, global cues were mixed. US markets declined overnight while Asian markets rebounded this morning. Catch Lovisha Darad in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives) at Axis Securities and market expert Ambareesh Baliga.
first published: Nov 24, 2025 08:59 am
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