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Below the Quote on Market Wrap 27th November 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets edged higher and touched a new record, supported by favourable global cues. After an initial uptick, the Nifty 50 climbed to an all-time high near 26,310 before ending flat. Sectoral performance was mixed, with realty, energy, and auto declining, while media and IT registered gains. Broader markets also reflected a mixed trend, as the midcap index closed unchanged and the smallcap index slipped half a percent.

Beyond strength in U.S. markets, optimism around potential interest rate cuts and easing crude oil prices continued to support buying sentiment.

While frontline indices are scaling record highs, the broader market — especially small-caps — remains subdued. A recovery in this segment, along with supportive global cues and steady domestic sentiment, could drive the next leg of the rally.

We expect the positive momentum to continue, with the Nifty gradually advancing toward the 26,500 mark. On the downside, immediate support lies in the 26,100–26,050 region, with major support near 25,800. Traders should maintain a “buy-on-dips” approach, focusing on sectoral rotation and strong stock-specific setups."

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