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Below the Quote on Market Wrap 01st December 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets stayed in consolidation mode and ended almost unchanged, pausing near record-high territory. On the benchmark front, the Nifty 50 opened firmly around 26,325—marking a fresh lifetime high amid buoyant sentiment—but experienced intraday volatility before closing near 26,175, down 0.10%. Sectoral trends were mixed, with auto, metal and IT edging higher, while realty and pharma closed in the red. Broader indices moved largely in line with the benchmark, though market breadth indicated underlying weakness.

Sentiment drew support from strong GDP data reinforcing India’s economic momentum, positive global cues—particularly from US markets—and steady DII buying which offset FII outflows. Robust wholesale auto numbers and renewed optimism around rate cuts amid moderating inflation also aided the mood, even as caution persisted ahead of the RBI policy and key US data releases.

The recent pause reflects a healthy consolidation phase, and traders should continue to maintain a positive bias. In case of extended consolidation, the Nifty is expected to find support near the 26,100 zone, with major support around the 20-DEMA, currently near 25,950. On the upside, a decisive break above 26,300 could open the gates for a move towards the 26,500+ zone. Meanwhile, we advise a stock-specific trading approach, with preference for banking, auto, and metal names, while being selective in other sectors."

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