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Market Commentary

Overnight global action was Positive: On 27 st Nov, U.S. markets up with S&P 500 +46.73 pts (+0.69%), Dow Jones up by +314.67 pts (+0.67%) and Nasdaq up by +218.58 pts (+0.87%). India VIX was down by ~3.5%. GIFT Nifty is trading down at ~26,416 (-4.00 pts, -0.2%) indicating Indian markets will open positively.

On 27 st Nov, advance decline ratio on NSE was 3198: 1476 and BSE was 1936: 2220 which showed positive in the overall markets.

Index Options Data Analysis:

Sensex max call OI is at 85,000 max put OI is at 85,900 with PCR of 1.1

Nifty max call OI is at 26,000 and max put OI is at 25,500 with PCR of 1.1

Bank Nifty max call OI both is at 58,800 with PCR of 1.16

Securities in Ban for F&O Trade for 28 th – Nov -2025:

NIL

Sectors in Focus: Media:

Nifty media index down by +0.84% with SAREGAMA (+4.36%),SUNTV (+3.46%), and TIPMUSIC (+1.59%) Among the contributors.

FIN Services : Nifty Fin Services index up by +0.53% with BAJAJFINACE(+2.43%), RECLTD (1.74%), and BSE (+1.47%) Among the contributors.

Bank: Nifty Bank index was up by +1.74 % with ICICIBANK (+1.37%), CANBK (+1.16%) and INDUSINDBK (+0.75%) among the top gainers

IT: Nifty IT index was up by +1.46 % with LTIM (+2.05%), COFORGE (+1.92%) and HCLTEC (+0.76%) contributing negatively to the index.

Realty : Nifty Realty index down by -0.72 with ANATRAJ (- 3.02%), SOBHA (-2.35%), and BRIGADE (-1.43%) Among the contributors.

PSU Bank : Nifty PSU Bank index was down by -0.58% with INDIANB (-2.28%), SBIN (-1.11%) and UNIONBANK (- 0.86)among the top losers.

Stocks in the News

1. Bharti Airtel Limited (CMP: 2115.95, MCap: 12,89,543, Sector: Telecommunications, Valuation: 12.35x FY26 EV/EBITDA) Bharti Airtel disclosed actions taken or orders passed related to regulatory compliance with the Department of Telecommunications in Maharashtra. Specific outcomes or penalties are not detailed in the summary but indicate significant regulatory engagement, reflecting potential impacts on operational or financial aspects in the region. News Source: NSE-BHARTIARTL

2. Mahindra & Mahindra Limited (CMP: 3681.55, MCap: 4,57,811, Sector: Automobiles, Valuation: 26.03x FY26 P/E) The company launched a new product, XEV 9S, expanding its electric vehicle portfolio and reinforcing its focus on sustainable mobility solutions. Additionally, Mahindra expects a quarter of its SUV sales to be electric by 2028, aligning with broader automotive electrification trends. News Source: NSE-M&M

3. Adani Enterprises Limited (CMP: 2249.9, MCap: 2,90,840, Sector: Conglomerate, Valuation: 46.47x FY26 P/E) The company announced the signing of Share Purchase Agreements by its subsidiaries, Horizon Aero Solutions Limited and Adani Defence Systems and Technologies Limited, with Flight Simulation Technique Centre Private Limited and Flight Simulation Solutions Private Limited. This strategic acquisition bolsters their capabilities in aerospace and defence sectors. News Source: NSE-ADANIENT

4. Apollo Micro Systems Limited (CMP: 271.20, MCap: 9,281 Cr, Sector: Defense Technology, Valuation: 104.31xFY26 P/E) Apollo Micro Systems disclosed actions or orders passed as part of its board meeting outcomes, reflecting key decisions impacting operations or compliance on November 26, 2025. News Source: APOLLO

5. Brigade Enterprises Limited (CMP: 898.35, MCap: 21,964, Sector: Real Estate, Valuation: 13.31x FY26 EV/EBITDA) Signed a lease deed for 4.859 acres with Electronics Technology Parks in Thiruvananthapuram, Kerala, indicating a strategic move to expand its commercial real estate footprint in the region. News Source: NSE-BRIGADE

6. Newgen Software Technologies Limited (CMP: 880.25, MCap: 12,527, Sector: Technology, Valuation: 34.1x FY26 P/E) The company has bagged new orders or contracts, marking a significant operational achievement. The specifics of the contracts or clients are not mentioned in the summary details provided. News Source: NSE-NEWGEN

7. Tanla Platforms Limited (CMP: 568.5, MCap: 7,539, Sector: Technology, Valuation: 14.04x FY26 P/E) Tanla updated on a Scheme of Arrangement for the merger between its wholly-owned subsidiary Karix Mobile Private Limited and step-down subsidiary Gamooga Softtech Private Limited, indicating a strategic consolidation to streamline operations. News Source: NSE-TANLA

8. Sarla Performance Fibers Limited (CMP: 88.31, MCap: 737, Sector: Textiles, Valuation: 10.87x TTM P/E) The company disclosed a common oral judgment from the High Court of Gujarat at Ahmedabad, marking a significant legal outcome. Specific details of the judgment's impact are not provided in the summary. News Source: NSE-SARLAPOLY

9. Rossell India Limited (CMP: 57.3, MCap: 216, Sector: Agriculture, Valuation: 10.23x TTM EV/EBITDA) The company received awards from the Labour Welfare Department and the Commissionerate of Labour, Government of Assam, recognizing its efforts in employee welfare and compliance, boosting its corporate reputation. News Source: NSE-ROSSELLIND

Bank Nifty Spot – Pivot Levels – 28/11/2025

View-Short Term Bullish

The stock commenced its uptrend from 76 (APR 2025). After few Up Gaps the stock started trading above averages & gradually moved up to 108 (JUN 25). Profit booking followed & the stock made a low of 89 (AUG 25). Later, the stock attracted buying & after crossing 108 (JUN 25) reached a high of 112 (SEP 25).

After correction & forming higher bottoms the stock reached a high of 113, but was unable to sustain. Currently, the stock has given Cup & Handle Breakout supported by volumes reaching a high of 116, which is above the previous swing high. The MACD indicator shows positive momentum, confirming further upside potential. Target of 162 is expected with lower support levels at (111-109)-105-(101-98) in case of intermediate fall. A stop loss at 92 is to be followed for the trade.

SMS subject to  Disclosures and Disclaimer goo.gl/8bCMyQ

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