Stock Market Today: Nifty 50 Nears 26,068, Sensex Stands at 85,232

Sensex rises by nearly 100–150 points and Nifty edges up in the range of 0.1–0.2%

The Indian stock market is trading with a calm but slightly positive mood as the session moves through the morning hours on November 24, 2025. The Nifty 50 is positioned above 26,100, and the BSE Sensex is moving near the 85,300 mark. Both benchmarks show only small gains, but the overall trend remains steady. The day begins with cautious optimism as traders focus on sector movements, global cues and institutional flows.

Market Overview

Sensex rises by nearly 100–150 points and Nifty edges up in the range of 0.1–0.2 per cent. The rise is not sharp, yet it reflects a gradual improvement in sentiment. Sectors with stronger growth visibility are taking the lead, while defensive pockets are dragging. Technology and banking stocks are driving most of the strength today.

Valuations of the Nifty 50 index remain elevated, with the current price-to-earnings ratio around 22.7 times and the price-to-book value near 3.5 times. These valuation numbers show that the market is still trading at a premium, supported by long-term growth expectations.

Technology and Banking Lead the Gains

Technology stocks are among the strongest performers this morning. Large IT companies such as Infosys and HCL Technologies are showing gains between 1.5 and 3%. The sector benefits from expectations of stable deal pipelines and improving global demand conditions.

Banking and financial services are also pushing the market upward. Credit growth remains stable, and investor confidence in large banks continues to improve. Positive domestic flows are supporting the sentiment within this sector.

In contrast, several defensive sectors are unable to keep pace. Autos, FMCG, energy, realty and oil & gas stocks are trading weaker. These areas are adjusting to softer demand cues and are impacted by cautious global sentiment. Market participants are avoiding heavy exposure to defensives as the earnings outlook in these pockets looks less certain.

Domestic and Foreign Flows

A key part of today’s market story is the movement of institutional money. Domestic institutional investors remain strong buyers. On November 21, DIIs invested around Rs. 3,161.6 crore into equities. This steady domestic support is helping the market hold its gains.

On the other hand, foreign institutional investors continue to withdraw funds. FIIs were net sellers of about Rs. 1,766 crore on the same day. Persistent FII selling remains a concern, and it continues to hold back the market from making stronger gains.

Influence of Global Markets

Global cues are largely positive today. There is growing hope that the US Federal Reserve may cut interest rates in December, and this expectation is feeding into Asian markets, including India. Asian indices are trading in the green, supporting the positive open for Indian markets.

US jobs data remains mixed, creating a cautious backdrop. However, hopes of policy easing are stronger than the concerns, giving some breathing room to global equities.

The Indian rupee is also showing improvement. It opens stronger at around 89.15 per US dollar. The currency gains momentum on expectations of the Reserve Bank of India stepping in to support stability.

Stock-Specific Movements

Several individual stocks are active today due to major developments and news.

HG Infra Engineering jumps more than 5% after the company secures a Rs. 1,415 crore contract for the elevated viaduct portion of the Thane Metro ring project. This contract win lifts sentiment around the company.

Hindustan Aeronautics (HAL) sees a sharp drop of over 8% following the crash of a Tejas fighter jet at the Dubai Air Show. Despite the fall, analysts maintain a positive long-term outlook on HAL due to its strong order book.

InterGlobe Aviation, the parent company of IndiGo Airlines, trades nearly 2% higher. The stock is in focus because IndiGo is set to enter the Sensex on December 22. At the same time, Tata Motors Passenger Vehicles is down around 1.5% as it prepares to exit the index.

Another important development is the large block of shares worth about Rs. 57,000 crore that is expected to enter the secondary market this week. These shares come from recently listed companies whose IPO lock-in periods are ending. The additional supply could create short-term pressure on the broader market.

Technical Setup and Market Outlook

Technically, the Nifty is showing support in the 25,500 to 25,800 zone. As long as the index stays above these levels, the market remains stable. A strong move above 26,300 may open the way towards 26,500 and even 27,200 in the coming sessions. This level remains the key resistance for now.

However, if Nifty slips below 26,000, consolidation or profit-booking may start. Traders are keeping a close eye on these levels as the market moves through the day.

Growth-oriented sectors continue to attract interest, while defensives lag. The overall environment remains supportive because domestic earnings and demand indicators stay strong. Yet, foreign outflows and global uncertainties continue to act as barriers.

Risks to Watch

The biggest risk today comes from heavy FII selling, which erodes upside momentum. Global concerns, including slower economic growth and policy uncertainty, also weigh on sentiment. The large supply of shares entering the market this week may heighten volatility.

Despite these risks, domestic support and earnings expectations keep the market stable.

Final Thoughts

The Indian stock market is trading at a steady pace with a slight positive tilt. Gains in technology and banking lead the session, while defensive sectors underperform. Institutional flows, global cues and stock-specific news create a mixed but balanced atmosphere. 

The market continues to move cautiously, with traders watching key technical levels and global developments throughout the session.