Domestic markets are likely to open on a flat note on Friday, the last trading of November. After hitting fresh peak on Thursday, analysts expect the market to consolidate further, said analysts.
The focus will shift to small and mid-cap stocks that are underperforming, said experts. Gift Nifty at 26,415 indicates a gain of about 30-40 points at open for Nifty.
Ponmudi R, CEO of Enrich Money, said Indian equity markets are likely to enter a consolidation phase today after hitting fresh record highs in the previous session. “Overall sentiment remains constructive, supported by strong domestic institutional flows, resilient performance in banking and metal stocks, and favourable global cues such as softer US bond yields. However, with the indices now trading near key resistance zones, some profit-booking may emerge, leading to pockets of short-term volatility. As long as critical support levels hold, the broader trend stays intact, and the “buy-on-dips” strategy remains the preferred approach for investors,” he added.
Ajit Mishra – SVP, Research, Religare Broking Ltd, said: While frontline indices are scaling record highs, the broader market — especially small-caps — remains subdued. A recovery in this segment, along with supportive global cues and steady domestic sentiment, could drive the next leg of the rally.
Vishad Turakhia, MD & CEO Equirus Securities, said: “Indian markets reaching record highs is on the back of a confluence of factors.” Domestic demand remains robust with strong festive and GST cuts induced buying, supported by benign inflation supporting discretionary spending. At the same time, robust government capex, recent FTA announcements and positive developments on the US-India trade front are increasing the appeal of Indian markets. Monetary policy remains supportive for liquidity and credit uptick and with further policy easing on the cards – optimism is intact,” he said.
Published on November 28, 2025
