Share Markets Ready To Break Bull Run? Sensex Nearly Flat, Nifty Tests 26,200
In the previous session on Thursday, both benchmarks touched fresh all-time highs during intra-day trade before easing slightly on profit-taking in the latter half.
Dalal Street geared up for a mixed start to the last trading session of the week. The BSE Sensex opened the day near 85,650, taking a hit of more than 50 points, while the NSE Nifty50 started trading below the 26,200 mark, slipping 25 points, as of 9:15 AM.
As trading progressed, both benchmarks pared their losses before trading in green. By 9:20 AM, the Sensex surpassed 85,800 and the Nifty crossed 26,200.
On the 30-share Sensex, M&M, Titan, ICICI Bank, TMPV, and Maruti stood among the gainers. Meanwhile, the laggards included HCL Tech, Axis Bank, Asian Paints, HDFC Bank, and Adani Ports.
In the broader markets, majority of the indices traded marginally lower. Sectorally, the Oil & Gas index bled 0.50 per cent, while the Auto index jumped 0.57 per cent.
Notably, the pre-open session gave indications of a robust day ahead for equities. The Sensex jumped over 100 points and crossed 85,800, and the Nifty inched across 26,200, around 9:06 AM.
Global Markets
With Wall Street closed for the Thanksgiving holiday, Indian equities were left to navigate their own drivers ahead of the release of the Q2 GDP figures. Sentiment in domestic markets remains broadly positive, supported by expectations of interest-rate cuts from both the US Federal Reserve and the Reserve Bank of India, along with renewed optimism around a possible US-India trade agreement, said Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd.
Across Asia, trading cues were mixed. South Korea’s Kospi, Japan’s Nikkei 225, and Hong Kong’s Hang Seng index were all in the red, while China’s Shanghai SSE Composite was the lone index holding in positive territory. US markets were shut on Thursday owing to the Thanksgiving break.
Foreign Institutional Investors (FIIs) turned net sellers once again, offloading equities worth Rs 1,255.20 crore on Thursday. In contrast, Domestic Institutional Investors (DIIs) continued to provide support, purchasing shares worth Rs 3,940.87 crore, according to exchange data.
In commodities, Brent crude, the global benchmark, inched up 0.36 per cent to touch $63.57 per barrel.
Share Markets See Fresh Highs On Nov 27
In the previous session on Thursday, both benchmarks touched fresh all-time highs during intra-day trade before easing slightly on profit-taking in the latter half. These rallies come mere days before the Reserve Bank of India's Monetary Policy Committee (MPC) is scheduled to meet for taking a call on the key interest rates and fiscal policy going forward.
The upward move came amid firm global cues, renewed optimism around a potential US Federal Reserve rate cut, and sustained foreign investor inflows.
The Sensex closed at 85,720.38 and the Nifty added 10.25 points or 0.04 per cent to end at 26,215.55. Global optimism around a possible US Fed rate cut lifted risk sentiment, which in turn bolstered domestic equities, said Ponmudi R, CEO of Enrich Money, noting that the strong appetite across international markets offered a supportive backdrop for Indian stocks.
So far in 2025, the Sensex has gained 7,581.37 points or 9.70 per cent, while the Nifty has climbed 2,570.75 points or 10.87 per cent.
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