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Below the Quote on Market Wrap 21 November 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets traded lower on Friday after the recent gains and ended with a cut of nearly half a percent amid weak global cues. After a soft start, the Nifty recovered most of its early losses during the first half; however, renewed selling across sectors dragged the index closer to the day’s low, eventually settling at 25,068.15.

Sectoral performance was broadly weak, with metal, realty, and PSU banks leading the decline, while FMCG was the only notable outperformer. The mid- and small-cap indices also underperformed the benchmark, slipping over a percent.

Investor sentiment was impacted by global weakness after the release of U.S. jobs data, which failed to provide clarity on the near-term trajectory of interest rates.

Looking ahead, a sustained move above 26,250 could drive the index towards 26,500. On the downside, the 26,000–25,850 zone is expected to act as strong support for the index. Traders are advised to stay focused on sectoral rotation, with auto and banking themes likely to remain in favour, while maintaining a stock-specific and risk-managed approach."

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