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Below the Quote on Market Wrap 28th November 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets traded lackluster on Friday and ended almost unchanged, taking a breather after hitting a fresh record high. On the index front, the Nifty edged slightly higher in early trade, but a mixed trend across heavyweight stocks kept the momentum in check throughout the session, eventually closing flat at the 26,205 level. Sectoral performance was uneven, with auto and pharma posting gains while energy and financials ended in the red. Market breadth remained subdued as both mid-cap and small-cap indices closed largely unchanged.

The strong rebound in global markets, supported by expectations of continued liquidity, is aiding the ongoing momentum in domestic equities. Additionally, improving geopolitical developments are offering further comfort to investors.

We maintain a positive outlook and recommend continuing with a “buy on dips” approach as long as the Nifty holds above the 25,900-support zone, with a potential upside target near 26,500. With sectoral participation shifting on a rotational basis, traders should stick to steady performers and trail stop losses as trades move in their favors. For fresh entries, it is advisable to remain selective and focus on large-cap and stronger mid-cap names, while staying cautious in pockets that appear overbought or vulnerable."

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