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Below the Quote on Closing Market Summary from Hitesh Tailor, Research Analyst - Research at Choice Equity Broking Private Limited

"Indian equities ended on a cautiously negative footing on November 24, 2025, as early optimism faded into broad-based selling. The Sensex declined by around 331 points, reflecting a clear loss of upward momentum after repeated intraday attempts to recover. Heavyweights in realty, metals, and select PSU names dragged sentiment lower, while IT stocks provided mild support but were insufficient to offset overall weakness. Midcaps and Smallcaps also saw subdued participation, indicating a cooling of risk appetite across the broader market.

The Nifty 50 once again failed to sustain above the 26,000 mark, reinforcing the prevailing consolidation structure. The index now finds immediate support at 25,850–25,800, which is emerging as an accumulation zone for medium-term traders. On the upside, resistance is placed at 26,050–26,100, a zone that has repeatedly capped intraday rallies. The Bank Nifty remained relatively steady compared to other sectors, though it too saw mild profit-booking toward the close.

Volatility ticked higher, with the India VIX hovering near the 13.23 zone, indicating a slight rise in caution even as markets remain fundamentally supported. Derivatives data reflected a decisive shift in near-term sentiment: significant call writing was observed at the 26,000–26,100 strikes, signalling supply pressure at higher levels, while notable put OI buildup emerged around 25,800–25,900, confirming strong demand and support near the lower band.

Overall, the market closed with a mildly bearish and consolidation-driven tone, shaped by sectoral weakness, a rise in volatility, and clear boundaries of support and resistance. A breakout above major resistance levels will be crucial for the next leg of the rally, while continued choppiness within the current range remains likely in the near term."

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