Among sectors, Reality and PSU Banks indices outperformed today, both rallying nearly 1.50 percent
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, November 25, 2025: Today, the benchmark indices witnessed volatile trading session. After a roller coaster activity the Nifty ended 99 points lower, while the Sensex was down by 359 points. Among sectors, Reality and PSU Banks indices outperformed today, both rallying nearly 1.50 percent, whereas the Media Index lost the most, shedding nearly 0.70 percent.
Technically, after a muted open once again, the market faced selling pressure near the 26,000/85000 mark. It also formed a bearish candle on the daily charts and is holding a lower top formation on intraday charts, which is largely negative.
We believe that the 26,000-26,050/85000-85200 zone remains a key resistance area for traders. As long as the market trades below this level, weak sentiment is likely to continue. On the downside, 25,800/84300 would act as an immediate support zone for the bulls. Below this, the market could slip up to 25,675/84000. On the higher side, a successful breakout above 26,050/85200 could push the market towards 26,150-26,200/85500-85700.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds:
Benchmark indices slipped into the red on November 25, giving up early gains in a volatile session ahead of the monthly Nifty F&O expiry. The Sensex closed 313 points lower at 84,587, while the Nifty ended down 74 points at 25,884 after both indices retreated sharply from the day’s highs. Markets stayed choppy as traders focused on whether foreign investors would roll over or unwind their short positions, while caution also prevailed ahead of the upcoming US inflation print.
Mixed global cues added uncertainty. A strong rebound in the US tech stocks revived concerns of an overheating AI trade, while Asian markets traded mostly higher on expectations of a December Fed rate cut. FIIs extended their selling streak, with heavy outflows continuing to cap Nifty’s attempts to hit fresh highs. Note that sustained weakness in broader markets and repeated resistance near key trendline levels kept the upside limited, reinforcing a “sell on rise” tendency.
Sectorally, media and IT stocks led the decline, with LTIMindtree, Infosys and HCL Tech slipping about 1 percent. Oil marketing companies also came under pressure after downgrades from Investec. Bank Nifty mirrored the broader weakness, closing near the day’s low after giving up over 350 points from its intraday high. We advise maintaining a cautious, selective approach, suggesting fresh long positions only above 26,245 and emphasising tight stop-losses given elevated volatility.
