The Indian equity market gave up early gains on Thursday afternoon, 27 November 2025 with the Nifty 50 slipping into the red and trading just below the 26,200 mark as profit‑booking emerged in heavyweight and mid‑cap counters. Despite the late sell‑off in select stocks, buying support in banking and financial services names helped limit the damage, keeping the broader trend from turning sharply negative.
Benchmarks reverse intraday gains
The Nifty 50 was last seen around 26,182, down nearly 23 points or 0.09%, after opening near 26,261 and briefly scaling an intraday high of about 26,310. The index also tested a low close to 26,141, indicating intraday volatility as traders booked profits near record highs and turned cautious ahead of fresh global cues.
Financials provide key support
Even as the headline index eased, the Nifty Financial Services index stayed firm near 27,918, up about 0.4%, reflecting continued interest in leading lenders and NBFCs. Bank Nifty also traded in the green around 59,656, adding over 0.2%, with market participants positioning around large private banks that remain central to the ongoing domestic growth narrative.
Broader market top gainers
In the broader market, select mid- and small-cap stocks extended strong rallies, with Agritech (AGRITECH) and PRITI locked at the 20% upper circuit and trading near ₹128.9 and ₹66.4 respectively. ATL-RE, Best Agrolife (BESTAGRO) and Prostar Micron (PROSTARM) also surged between roughly 16.8% and 18%, supported by robust volumes that indicated aggressive momentum buying from short‑term traders.
Heavyweight losers drag sentiment
On the downside, Whirlpool of India continued to slide sharply, down nearly 11% around ₹1,069.5 with heavy turnover above 100 lakh shares, as investors reacted to concerns around valuations and recent capital‑raising plans. Adani RE, LPDC, Mangalam and MCLOUD also hit double‑digit percentage losses, each falling around 10% amid broad‑based profit‑taking in previously high‑beta counters.
Market view and conclusion: 27 November 2025
Technical analysts point out that the failure to hold above the intraday high near 26,310 has created a near‑term resistance zone, while support is now seen around 26,100–26,050 on the Nifty 50. As long as this band holds, the prevailing uptrend is expected to remain intact, but traders are advised to stay selective in mid‑ and small‑caps and use dips in quality financials and index heavyweights for staggered accumulation.
For real time stock Updates, visit NSE website.
