Equity Alert
Indices likely to open tad up, weakness to linger in near term
This story was originally published at 08:25 IST on 26 November 2025
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Equity Alert: Indices likely to open tad up, weakness to linger in near term
MUMBAI--0814 IST--Analysts expect benchmark equity indices to open a tad higher, but they are unlikely to sustain gains. While the near-term sentiment in the domestic market is bearish, globally the mood is upbeat, especially after bets of an interest rate cut by the US Federal Reserve increased. The rupee's fall to a record low, uncertainty about progress in an India-US trade deal, and selling pressure from foreign investors soured market sentiment. However, analysts said the fall should be considered normal as the indices saw a rally last week.
"...support near 25,800 is likely to offer temporary stability (to the Nifty 50)," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note. However, the bullish sentiment can be revived only if the benchmark index sustains above 25800 points, he said. On the upside, 26000–26100 points, which was once the important support band, has now turned into a stiff resistance level, he added.
The Nifty 50 has fallen well beyond the current levels of the November contract of the GIFT Nifty and hence it signals a positive move when compared to the benchmark index's closing level on Tuesday. At 0738 IST, the contract was at 26165 points, down 4.5 points from its previous close but about 280 points higher than the Nifty 50's close on Tuesday. The Nifty 50 ended at 25884.80 points, down 74.70 points or 0.3%. The BSE Sensex closed at 84587.01 points, down 313.70 points or 0.3%.
On Tuesday, foreign investors were net buyers of Indian equities and bought shares worth up to INR 7.85 billion. Domestic investors continued to be net buyers and bought stocks worth INR 39.12 billion.
Overnight, US indices ended higher as investors cheered the likelihood of a cut in interest rate by the US Federal Reserve. Rate cut expectations rose after a Bloomberg report said Kevin Hassett, who is currently the White House National Economic Council Director, was being considered as the next Fed chairperson. Following this, Asian indices were also higher in early trade. Japanese and South Korean indices gained the most among their peers, largely led by a rise in semiconductor stocks. (Gopika Balasubramanium)
Equity Alert: US mkt ends up Tue as weak econ data strengthens rate cut hope
MUMBAI--0730 IST--Equity indices in the US ended higher Tuesday as some economic data strengthened the possibility of an interest rate cut by the US Federal Reserve at its next policy meeting in December. Data showed the US retail sales in September slowed down from a month ago, rise in wholesale inflation, and weak consumer confidence for the month of November. Benchmark equity indices ended higher for the third consecutive session, but gains were limited in the technology-heavy Nasdaq Composite after the heavyweight Nvidia slumped.
The US retail sales rose 0.2% on month in September after an unrevised 0.6% increase in August, failing to meet the expectation of a 0.4% rise economists had projected, Reuters reported. As per the Labour Department's data, wholesale prices moved 0.3% higher in September, in line with economists' expectations and followed a 0.1?cline in August. Also, a separate data release from the US Conference Board showed that consumer confidence declined to 88.7 in November from 95.5 in October, below economists' expectations of 93.2.
"Overall, there is just enough softness in today's two reports — with respect to the economy's resilience and inflation — to keep market expectations primed for another Fed rate cut" next month, as per Sal Guatieri, economist at BMO Capital Markets, Bloomberg reported. Fed fund futures traders were pricing in an 84% chance of a 25-basis-point rate cut, up from a 50% chance seen a week ago, according to CME Fedwatch Tool.
Rate cut expectations were also bolstered after Bloomberg reported that White House National Economic Council Director Kevin Hassett is being considered as the frontrunner to become the next Fed chairperson. Traders view Hassett as more likely to push the central bank towards a lower rate regime.
Shares of Nvidia fell almost 3?ter a report indicated that the artificial intelligence chipmaker will likely have more competition from Google. Shares of Google's parent Alphabet rose almost 2?ter media reports said that Meta Platforms was in discussions to use Google's AI chips in its data centres from 2027. Shares of Meta Platforms were up almost 4%.
Among other gainers, shares of department store chain Kohl's surged almost 43% and those of clothing retailer Abercrombie & Fitch jumped nearly 38%, after both companies hiked their annual earnings forecasts, Reuters reported.
Following are the closing levels of US indices Tuesday:
| Index | Level | Change in % |
| S&P 500 | 6765.88 | 0.91 |
| NASDAQ Composite | 23025.59 | 0.67 |
| Dow Jones Industrial Average | 47112.45 | 1.43 |
(Eshitva Prakash)
End
US$1 = INR 89.22
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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