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Below the Market Commentary (closing) for 27th November 2025 by Bajaj Broking

Market Closing Commentary

The benchmark Nifty index hit a new all-time high on 27^th November, achieving a major milestone after a gap of 14 months. But the rally was short-lived. After touching the new high, the index saw some selling pressure. In the last hour, fresh buying helped Nifty bounce back slightly and finish above 26,200 with a tiny rise of 0.04%. Market participants are keeping a close eye on tomorrow’s GDP data, as well as key triggers such as the US–India agreement and the RBI policy announcement. These events are likely to shape the short-term trajectory of equity markets. At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55. On the sectoral side, barring media, IT, and private banks, most indices closed lower, with oil & gas, realty, consumer durables, and energy slipping around 0.5% each. Midcap index ended flat, while small-cap index fell 0.5%

Nifty Outlook

Nifty formed a small bodied candle with shadows in either direction signaling consolidation amid stock specific action after previous session strong up move. Index on Thursday session has hit a fresh all time high of 26310. Going ahead we expect the index to maintain overall positive bias and gradually head towards 26,500 and then towards 26,800 levels in the coming weeks being the measuring implication of the recent range breakout (26,100-25,400). The two-month uptrend has remained well within a rising channel, indicating sustained demand even at higher levels. Short-term support is positioned in the 25,800–25,700 zone, which aligns with the confluence of the 20- and 50-day EMAs, the lower band of the two-month rising channel, and the recent two-week lows. This makes it an important level to monitor from a short-term perspective, sustaining above the same will keep the bias positive. 

Bank Nifty Outlook

Bank Nifty formed a small bullish candlestick pattern with a higher high and a higher low signaling continuation of the positive momentum. The index in the process rallied to a fresh all time high of 59866. Index on Wednesday session has rebounded from the upper band of the recent range breakout area and closed firmly above the 59,700 levels. The entire up move of the last 2 months is well channelled signaling sustained demand at elevated levels. We expect the index to retain its positive momentum and move towards the 60,400 level in the coming sessions, based on the measuring implication of the recent range breakout. A move above that will open further upside towards 61,000 levels in the coming weeks Meanwhile, the 58,800-58,600 is likely to act as a crucial support area being the lows of the last two weeks.

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