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Below the Quote on Market 28th Nov 2025 by Mr. Vikram Kasat, Head Advisory ,PL Capital

Nifty held near 26,200 and the Sensex stayed largely flat as the market spent the day balancing volatility with selective strength. Pharma, media and auto provided a mild cushion with 0.5–1% gains, while oil & gas, power and telecom dragged. Midcap and smallcap indices also closed flat, signalling a wait-and-watch mood ahead of the Q2FY26 GDP print. Street expectations are firm around 7–8% real growth, though nominal GDP may show further cooling.

Large pockets of the IT pack continue to underperform — a 25% CYTD gap versus Nifty, driven by PE derating and macro/AI uncertainties. Stock moves are tracking EPS revisions closely, with mid-tier names still doing better. Until management commentary turns more confident, FY27 expectations may need tempering, keeping valuations in check

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