November 28, 2025: The Indian equity markets continued surging, making all-time highs (mid-week) and ended the week on a high. The Nifty 50 closed at 26,203 (up ~1.2%), while the Sensex was around 86,600 (up ~1.1%). There was a bit of gain in the mid and small-cap stocks, but the overall volatility in broader markets continued to affect the investors.
IT Stocks Power Monday’s Surge; FMCG and Financials Stay Strong
The week opened with a sharp rally in large-cap IT names, with TCS, Infosys, Wipro, and Tech Mahindra leading sentiment. Strength in FMCG, financial services, and select heavyweights supported the upward move through the week.
Metals, Realty and Pharma See Profit-Booking
Despite headline indices inching higher, several pockets of the market came under pressure. Metals, realty, pharma, oil & gas, and auto stocks witnessed noticeable profit-booking and ended among the week’s underperformers.
Global Optimism Lifts Indian Sentiment
The overall investor mood in the international markets was guided by the expectation of softer inflation and policy stability across large economies. On the domestic front, macro indicators supported buying bias, and dips found strong support.
Quiet Week for IPOs as Primary Market Pauses
There were no major IPO listings or any blockbuster announcements in the primary market segments. The activity largely remained limited to ongoing subscriptions and the anticipation of the upcoming month’s IPOs.
Analysts Flag Near-Term Consolidation After Sharp Gains
Research commentaries noted that while the uptrend remains strong, the market could slip into mild consolidation given the rapid rally. Sector rotation was visible, with some shift towards defensives even as large-cap quality names continued to attract flows.
Next Week: Eyes on Global Data, Crude, and Institutional Flows
Markets are expected to continue taking cues from global trends. The movement in crude oil prices and the upcoming US economic data, along with FIIs, will dominate the sentiment in the next week. As the indices are already at record levels, one must expect certain swings, but the overall outlook remains positive.
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