IGI Logo

Below the Quote on Market Wrap 17 November 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd 

"Markets edged higher on Monday, with the Nifty 50 extending its winning streak to a sixth straight session and closing near the 26,013 mark amid a firm undertone. The index opened positively and maintained its upward bias throughout the day. Sectorally, most indices attracted buying interest, with auto and banking leading the gains, while metals and IT ended on a muted note. The broader markets also remained buoyant, as both midcap and smallcap indices delivered healthy gains, reflecting improving market breadth.

The up-move was supported by optimism around stable domestic macroeconomic conditions and a strong close to the Q2 earnings season. However, despite the domestic strength, investors should remain attentive to global developments, especially in light of increased volatility in the US markets, which could spill over in the near term.

With the weekly expiry ahead and the Nifty now approaching its previous swing high near 26,100, some resistance at higher levels cannot be ruled out. That said, the broader undertone remains positive. A decisive breakout above 26,100 could open the doors for a move toward the 26,300–26,500 zone. On the downside, support is placed at 25,900 and 25,700, and dips toward these levels are likely to attract buying interest. We continue to favor sectors such as banking, auto, and metal, which have shown consistent strength, while selectively identifying opportunities in other pockets."

Above views are of the author and not of the website kindly read disclaimer