Weekly Update- 28 November 2025

NIFTY50

NIFTY gained 135 points (+0.52%) to close at 26,203. The week began with profit-booking from all-time highs, causing early pressure, but sentiment improved as the index staged a sharp 320-point rally on Wednesday and closed at the day’s high, reinforcing strong upside momentum. Post-rally, NIFTY moved into a steady sideways-to-positive range, showing healthy consolidation while holding higher levels and ultimately ending with its highest weekly close. For the coming week, key resistance is placed around 26,500, while strong support lies near 26,000, maintaining a bullish “buy on dips” outlook.

BANKNIFTY

BANK NIFTY gained 885 points (+1.5%) to close at 59,753. The week opened with profit-booking from all-time highs but sentiment turned strongly positive mid-week as the index rallied 707 points on Wednesday and closed at the day’s high, driving momentum for the rest of the week. Post the sharp upmove, the index traded in a sideways-to-positive range and ended with its highest weekly close. BANK NIFTY also outperformed NIFTY throughout the week, supported by strong participation from both PSU and private banks. With the upcoming RBI monetary policy, the outlook remains “buy on dips,” with key resistance near 60,300 and support around 59,300 for the next week.

TOP GAINING SECTOR

NIFTY PHARMA was top gainer sector for the week

Major gainers were:-

GLENMARK:- up by 5.53%

LAURUS LABS:- up by 5.43%

SUNPHARMA:- up by 2.92%

LUPIN:- up by 2.6%

TOP LOSING SECTOR

NIFTY CPSE was top losing sector for the week

Major losers were:-

GAIL:- down by 3.77%

IOC:- down by 3.35%

HINDPETRO:- down by 3.05%

BPCL:- down by 1.49%

IMPORTANT NEWS

• India's stronger-than-expected 8.2% GDP growth in the second quarter has likely set the stage for a firm start to the week, with most analysts expecting the market to open higher on Monday.

• Market momentum continued as indices strengthened within a two-month channel supported by steady sector performance and stable global cues. Short-term consolidation persisted, though sentiment stayed constructive. Technical indicators pointed to resilience despite volatility, with traders watching breakout levels as institutional flows and macro trends guided expectations for the upcoming sessions.

• Consumer demand is strengthening ahead of the festive and wedding season, with improving trends across jewellery, liquor, paints, and select FMCG categories. Titan and Hindustan Unilever remain top picks as brand momentum, premiumisation, and recovering rural sentiment drive growth. Analysts expect a stronger second half as consumption normalises and margins stabilise.

• Lenskart Q2 Results: Lenskart Solutions reported its first quarterly results post-listing, showcasing a robust 19.6% year-on-year increase in consolidated profit after tax to Rs 102.22 crore. Revenue from operations also surged by 20.8% YoY, reaching Rs 2,096.14 crore for the second quarter ended September 2025.\

• As the Reserve Bank of India (RBI) prepares to announce its monetary policy next week in the backdrop of benign inflation, stable liquidity, and robust macroeconomic conditions, expectations are high that the central bank will cut its repo rate by 25 basis points to 5.25%.