The 30-share Sensex closed at 85,720.38, up 110.87 points or 0.13 per cent, after touching an intraday high of 86,055.86 | Photo Credit:
The 30-share Sensex closed at 85,720.38, up 110.87 points or 0.13 per cent, after touching an intraday high of 86,055.86. The Nifty ended marginally higher at 26,215.55, gaining just 10.25 points or 0.04 per cent, after hitting a record 26,310.45 during the session. The modest closing gains came after the indices faced mild profit booking following their record runs.
“The benchmark index Nifty scaled a fresh all-time high on Thursday, marking a significant milestone after a gap of 14 months. However, the excitement was short-lived as the index faced mild profit booking soon after hitting the record level,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.
Financial stocks led the rally, with Bajaj Finance emerging as the top gainer on Nifty, surging 2.43 per cent to ₹1,035.30. ICICI Bank advanced 1.37 per cent to ₹1,393.90, while Shriram Finance climbed 1.33 per cent to ₹867.95. Hindustan Unilever gained 1.23 per cent to ₹2,455 and Bajaj Finserv rose 0.95 per cent to ₹2,105. The Nifty Financial Services index jumped 0.53 per cent, while Nifty Bank gained 0.35 per cent, both hitting fresh record highs.
On the losing side, Adani Enterprises tumbled 2.85 per cent to ₹2,249, while Eicher Motors dropped 2.70 per cent to ₹7,004. Eternal fell 1.52 per cent to ₹302.20, Maruti declined 1.51 per cent to ₹15,912 and ONGC slipped 1.51 per cent to ₹243.95. The advance-decline ratio remained negative, with 2,159 stocks declining against 1,989 advances on BSE, where 4,327 stocks were traded.
“Going ahead, the zone of 26300-26330 will act as an important hurdle for the index. Any sustainable move above the 26330 level will lead to a sharp upside rally upto the 26500 in the short term,” Shah added. Broader markets showed mixed performance, with Nifty Midcap 100 edging up 0.08 per cent to 61,113.15, while Nifty Smallcap 100 fell 0.53 per cent to 17,876.80.
Vinay Paharia, CIO at PGIM India Mutual Fund, noted that “markets have been in consolidation mode in recent times” due to rich valuations and earnings downgrades, but said government measures, including income tax rationalisation and GST rate cuts, should provide impetus. “Preferred sector plays are more domestic oriented: Consumption, Domestic Financials, India Healthcare, Telecom,” he said.
Rupee weak
The rupee weakened marginally by 0.06 paise to 89.31 against the dollar. “Possible positive FII inflows may continue, with secondary markets staying strong over the last couple of days and hovering near all-time high levels, offering some cushion to the rupee,” said Jateen Trivedi, VP Research Analyst at LKP Securities. Gold traded sideways at ₹1,25,600, down ₹300, tracking muted global prices near $4,155 per ounce.
Market participants will now watch for key support levels at 26,100 for Nifty and 85,500 for Sensex. “As long as the market trades above these levels, the bullish sentiment is likely to continue,” said Shrikant Chouhan, Head Equity Research at Kotak Securities, adding that 26,350-26,400 for Nifty would act as key resistance areas. The breakout above previous resistance zones has strengthened the long-term bullish trend, with analysts expecting the indices to approach new psychological levels in coming weeks.
Published on November 27, 2025
