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Informist, Tuesday, Nov. 25, 2025

 

By Gopika Balasubramanium

 

MUMBAI – The market sentiment has turned negative for the near-term, dashing hopes of Nifty 50 hitting a record high soon. The rupee hitting a record low, uncertainty about a trade deal between the US and India, and selling pressure from foreign investors are some of the factors for the near-term weakness in the market, analysts said. However, some analysts remain optimistic about the 50-stock index rising to its highest level ever. They said that in the long term, earnings growth is bound to recover, especially with government measures and rise in consumption. 

 

"With the new series (December derivatives contracts) beginning amid mixed global cues, the near-term setup may remain choppy," Vikram Kasat, head advisory, PL Capital, said in a note. "Sector rotation is likely to stay active, and clearer direction could emerge only as global data flows stabilise and domestic participation strengthens in the coming sessions," Kasat added.

 

Tuesday, the benchmark indices were volatile due to the expiry of the monthly derivatives contracts. Some analysts are also concerned about whether foreign investors would carry forward their positions to the next month. Foreign investors have been net short for some time now. They said investors also unwound their long positions aggressively towards the end of Tuesday's session, indicating a bearish approach. Some analysts are cautiously optimistic about market shrugging off the near-term pessimism.

 

The Nifty 50 Tuesday ended at 25884.80 points, down 74.70 points or 0.3%. The index had risen as high as 26032.60 points, but could not hold the important level due to immense selling pressure and fell below 25900 points. Technical analysts had said that it is crucial for the 50-stock index to sustain 26000 points and a fall below this level will trigger a bearish trend. The BSE Sensex closed at 84587.01 points, down 313.70 points or 0.3%.

 

"Going ahead, we expect the index to extend consolidation in the range of 25,700-26,250 thus forming a base for the next leg of up move," Bajaj Broking said in a note. In the short term, support is seen at 25800-25600, the brokerage said. "We expect the index to hold above the same, hence the current breather should be used to accumulate quality large and mid-cap stocks in staggered manner."

 

On the data front, India's GDP growth in the September quarter is likely to have fallen to a three-quarter low of 7.2?cause of a slower pace of government spending and moderation in services sector activity, according to a poll of 21 economists by Informist. But the GDP growth would still be higher than the Reserve Bank of India's forecast of 7.0%. The Indian economy grew 7.8% in the first quarter of FY26 and 5.6% in the September quarter last year. The statistics ministry will release GDP data for the September quarter at 1600 IST on Friday.  End

 

Edited by Ashish Shirke

 

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