This is how analysts read the market pulse:
Indian equities remained resilient even as the recent rebound saw selective profit booking in the broader market, said Vinod Nair, head of research at Geojit Investments. He added that sentiment was supported by progress in US trade negotiations in India, while strong performance in large-cap sectors such as auto, financials and pharmaceuticals helped maintain positive momentum. Supportive global signals, including a continued technology-driven rally and rising expectations of a Fed rate cut, further boosted investor confidence. With Q2 GDP and IIP data due soon, the overall outlook remains unchanged. constructive, and the prints are expected to confirm an improving macro trend,” Nair said.
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American markets
Wall Street ended on a positive note on Friday (Nov 28), with the major indexes extending their rally for the fifth straight session, despite the Nasdaq Composite ending the month lower. In a shortened post-Thanksgiving trade, the Nasdaq rose 0.65 percent to 23,365.69, the S&P 500 rose 0.54 percent to 6,849.09, and the Dow Jones Industrial Average climbed 289.30 points, or 0.61 percent, to close at 47,716.42. Optimism improved as investors became increasingly confident that the Federal Reserve may be able to cut interest rates in the near future.European markets
European shares closed higher on Friday, ending a strong week and month on optimism over possible US rate cuts. The STOXX 600 posted its longest winning streak since March 2024, with sentiment improving throughout the month despite early concerns about an AI-driven sell-off.
Attention now turns to the Russia-Ukraine peace talks, which supported broader sentiment but hurt aerospace and defense stocks. Global futures trading resumed after a major CME outage.
Technical view
The Nifty ended the week with a small candlestick on the weekly chart, indicating hesitation at higher levels, said Vatsal Bhuva, technical analyst at LKP Securities. He added that the hourly chart’s RSI has settled into a bearish crossover with lower highs, suggesting bulls are taking a breather at these levels.
“However, support remains visible at 26100 and 26000, while resistance is placed at 26300. The technical setup suggests that the index may trade within a range, with immediate support at 26100 and resistance around 26300 to 26350 levels. A close above 26300 levels will open the door to 26600 levels,” Bhuva said.
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Most active stocks in terms of turnover
HDFC Bank (Rs 1,613 crore), RIL (Rs 1,408 crore), Bharti Airtel (Rs 1,319 crore), Welspun India (Rs 1,202 crore), Mahindra & Mahindra (Rs 1,104 crore), ICICI Bank (Rs 1,068 crore) and GAIL (Rs 1,049 crore) were among the most active stocks by value from BSE. Higher activity in terms of value can help identify the counters with the highest trading turnover during the day.
Most active stocks by volume
Vodafone Idea (shares traded: Rs 45.6 crore), JP Power (shares traded: Rs 18.4 crore), Welspun India (shares traded: Rs 8.2 crore), YES Bank (shares traded: Rs 7.2 crore), GAIL (shares traded: Rs 6 crore), Suzlon Energy (shares traded: Rs 5.25 crore) and Reliance Power (shares traded: Rs 6.2 crore) and Reliance Power (shares traded: 6.2 crore). 3.92 crore) were among the most actively traded stocks on NSE by volume.
Stocks that show buying interest
Shares of Welspun India, Neuland Labs, Ipca Labs, Advent Hotels International, Reliance Infrastructure, Motilal Oswal Financial Services and KSB were among the stocks that saw strong buying interest from market participants.
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52 Week High
More than 117 stocks hit their 52-week highs today, while 161 stocks fell to their 52-week lows. Among those that hit 52-week highs were Adani Ports SEZ, Tata Motors CV and RIL.
Stocks see selling pressure
Stocks that witnessed significant selling pressure were Power Grid, Eternal, Bharti Airtel, Axis Bank, Bajaj Finserv, Nestle India and Infosys.
Sentiment meter neutral
Market sentiment was neutral. Of the 4,312 shares traded on the BSE on Friday, 2,128 shares saw a decline, 2,019 rose, while 165 shares remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
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