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EquityWireIndia Stocks Review: End marginally lower after rangebound session
India Stocks Review

End marginally lower after rangebound session

This story was originally published at 18:40 IST on 28 November 2025
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Informist, Friday, Nov. 28, 2025

 

By Gopika Balasubramanium

 

MUMBAI – The headline indices closed marginally lower Friday after rising for two consecutive sessions and hitting record highs Thursday. The indices moved in a narrow range for the better part of Friday's session, though they experienced choppiness in the last two hours of trade.

 

The Nifty 50 ended slightly lower at 26202.95 points, down 12.60 points. The 50-stock index moved largely within a 100-point range on the day. The BSE Sensex also closed marginally lower at 85706.67 points, down 13.71 points.

 

As expected by the Street, the indices opened marginally higher but moved in a range thereafter. Most analysts had expected the indices to take a breather after Thursday's rise. The benchmark indices have closed higher for the third month in a row, rising nearly 2% on month in November. The rise was slower than the 4.5% rise seen in October, the highest since March, when the indices had gained over 6%.

 

The Nifty PSU Bank rose over 5% on month and was the top gainer among sectoral indices in November. The index had hit an all-time high Thursday at 8665.70 points. The rise in shares of state-owned banks was likely on the back of the government's plan for the next round of mergers among them in Apr-May and to allow increased foreign investment in these banks.

 

The Nifty IT was the second biggest gainer among sectoral indices. It has risen over 4% on month in November. Analysts have said the valuations of Indian information technology companies, especially large-cap stocks, are reasonable. On the other hand, the Nifty Media fell nearly 5% in November, followed by the Nifty Realty, which fell over 4%.

 

Friday, the Nifty Auto rose 0.6% and was the top gainer among sectoral indices on the day. Most automobile stocks rose, with Mahindra & Mahindra and Eicher Motors gaining 1-2%. Others such as Bajaj Auto, TVS Motor Co., and Hero MotoCorp gained 0.4-0.6%. Brokerages expect the automobile companies to post robust volume growth in wholesale sales in December across sectors. However, estimates from Nuvama Institutional Equities showed that the sales volume is likely to decline on a month-on-month basis. In November, the Nifty Auto rose 2% from October.

 

Nifty Oil & Gas fell the most during the day's session, ending 0.7% lower. This was mainly because of a sharp fall in shares of GAIL (India), which has a weightage of over 8% in the sectoral index. Shares of the company fell to a two-month low of INR 171.80 after the petroleum and natural gas regulator's hike of transmission tariffs was lower than the company's initial ask. The regulator late Thursday raised tariff to INR 65.7 per million British thermal units and will be effective from Jan. 1. The new tariff is 12% higher than the previous rate of INR 58.6 per mBtu, but well below the 33% rise to INR 78 per mBtu that GAIL was looking for. The stock closed at INR 176.09, down 4.2%.

 

Softening crude oil prices are considered a positive for the equity market. Analysts had said that the easing of crude oil prices from the high level seen in July has aided sentiment. Brent Crude futures on the Intercontinental Exchange have fallen for the fourth month in a row, losing nearly 12% in this period. At 1749 IST, the January Brent Crude futures contracts were at $63.24 per barrel, down 0.2%.

 

The broader market indices underperformed the benchmark indices, with the mid-cap indices faring better than their small-cap peers. Of these, the Nifty Midcap 100 and Nifty Midcap 50 had also hit record highs Thursday. Analysts had said earnings growth recovery is stock-specific and valuations in certain pockets are still stretched. In November, all the small-cap indices declined, with the Nifty Smallcap 250 falling the most at 3.5% on month. On the other hand, all the mid-cap indices rose during the month, gaining more than 1?ch.

 

* Of the Nifty 50 stocks, 19 rose and 31 fell
* Of the Sensex stocks, 12 rose and 18 fell

* On the NSE, 1,527 stocks rose, 1,555 fell, and 105 were unchanged

* On the BSE, 1,960 stocks rose, 2,197 fell, and 162 were unchanged

* Nifty Auto: up 0.6%; Nifty Pharma: up 0.6%; Nifty Oil & Gas: down 0.7%


BSE                                      NSE

Sensex: 85706.67, down 13.71 points      Nifty 50: 26202.95, down 12.60 points


S&P BSE Sensitive Index                          

  Nifty 50                                

Lifetime High: 86055.86 (Nov. 27, 2025)

: Lifetime High: 26310.45 (Nov. 27, 2025)

Record Close High: 85836.12 (Sept. 26, 2024)  

: Record Close High: 26216.05 (Sept. 26, 2024)

2025 1st day close: 78507.41 (Jan. 1) 

: 2025 1st day close: 23742.90 (Jan. 1)

2025 Closing High: 85720.38 (Nov. 27)

: 2025 Closing High: 26215.55 (Nov. 27)

2025 Closing Low: 72989.93 (Mar. 4)

: 2025 Closing Low: 22082.65 (Mar. 4)

2025 High (intraday): 86055.86 (Nov. 27)

: 2025 High (intraday): 26310.45 (Nov.27)

2025 Low (intraday): 71425.01 (Apr. 7) 

: 2025 Low (intraday): 21743.65 (Apr. 7)

2024 1st day close: 72271.94 (Jan. 1) 

: 2024 1st day close: 21741.90 (Jan. 1)

2024 Closing High: 85836.12 (Sept. 26)

: 2024 Closing High: 26216.05 (Sept. 26)

2024 Closing Low: 70370.55 (Jan. 23)

: 2024 Closing Low: 21238.80 (Jan. 23)

2024 High (intraday): 85978.25 (Sep. 27)

: 2024 High (intraday): 26277.35 (Sept. 27)

2024 Low (intraday): 70001.60 (Jan. 24) 

: 2024 Low (intraday): 21137.20 (Jan. 24)

2023 1st day close: 61167.79 (Jan. 2)

: 2023 1st day close: 18197.45 (Jan. 2)

2023 Closing High: 72410.38 (Dec. 28) 

: 2023 Closing High: 21778.70 (Dec. 28)

2023 Closing Low: 59288.35 (Feb. 27) 

: 2023 Closing Low: 17311.80 (Oct. 17)

2023 High (intraday): 72484.34 (Dec. 28)

: 2023 High (intraday): 21801.45 (Dec. 28)

2023 Low (intraday): 58699.20 (Jan. 30)

: 2023 Low (intraday): 17098.55 (Jan. 17)

2022 1st day close: 59183.22 (Jan. 3) 

: 2022 1st day close: 17625.70 (Jan. 3)

2022 Closing High: 63284.19 (Dec. 1)

: 2022 Closing High: 18812.50 (Dec. 1)

2022 Closing Low: 51360.42 (Jun. 17)

: 2022 Closing Low: 15293.50 (Jun. 17)

2022 High (intraday): 63583.07 (Dec. 1)  

: 2022 High (intraday): 18887.60 (Dec. 1)

2022 Low (intraday): 50921.22 (Jun. 17)

: 2022 Low (intraday): 15183.40 (Jun. 17)

2021 Closing High: 61305.95 (Oct. 14)

: 2021 Closing High: 18338.55 (Oct. 14)

2021 Closing Low: 46285.77 (Jan. 29)

: 2021 Closing Low: 13634.60 (Jan. 29)

2021 High (intraday): 61353.25 (Oct. 14)

: 2021 High (intraday): 18350.75 (Oct. 14)

2021 Low (intraday): 46160.46 (Jan. 29)

: 2021 Low (intraday): 13596.75 (Jan. 29)

2020 Closing High: 47751.33 (Dec. 31)

: 2020 Closing High: 13981.95 (Dec. 30)

2020 Closing Low: 25981.24 (Mar. 23)

: 2020 Closing Low: 7610.25 (Mar. 23)

2020 High (intraday): 47896.97 (Dec. 31)

: 2020 High (intraday): 14024.85 (Dec. 31)

2020 Low (intraday): 25638.90 (Mar. 24)

: 2020 Low (intraday): 7511.10 (Mar. 24)

2019 High (intraday): 41809.96 (Dec. 20)

: 2019 High (intraday): 12293.90 (Dec. 20)

2019 Low (intraday): 35287.16 (Feb. 19)

: 2019 Low (intraday): 10583.65 (Jan. 29)

2018 High (intraday): 38938.91(Aug. 28))

: 2018 High(intraday): 11760.20 (Aug. 28)

2018 Low (intraday): 32483.8 (Mar. 23)

: 2018 Low (intraday): 9951.9 (Mar. 23)

2017 High (intraday): 34005.37 (Dec. 26) 

: 2017 High(intraday): 10515.10 (Dec. 26)


 

End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

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