Sensex and Nifty Performance Overview

The Sensex opened at 85,320.04, registering an initial gain of 88.12 points or 0.1%. However, it later moderated to trade at 85,288.86, reflecting a marginal gain of 56.94 points or 0.07% by mid-session. This level places the Sensex approximately 0.6% below its 52-week high of 85,801.70, signalling that the benchmark index remains close to its recent peak but has yet to surpass it. The index is trading above its 50-day moving average (DMA), which itself is positioned above the 200 DMA, indicating a generally positive medium-term technical trend.

Over the past three weeks, the Sensex has recorded a gain of 2.49%, suggesting a steady accumulation phase despite intermittent volatility. The Nifty index mirrored this cautious optimism, with IT stocks providing notable support.

Sectoral Trends: IT Leads, Capital Goods Lag

Out of 37 sectors tracked, 14 advanced while 23 declined, highlighting a market environment where selling pressure outweighed buying interest. The NIFTY IT sector led the gains with a rise of 1.67%, buoyed by strong performances from key technology stocks. This sector's resilience reflects ongoing investor confidence in the technology space amid global digital transformation trends.

Conversely, the BSE Capital Goods sector declined by 0.68%, marking it as the top losing sector for the day. This underperformance may be attributed to concerns over order inflows and margin pressures within the capital goods industry, which often reacts sensitively to macroeconomic developments and government spending patterns.

Market Capitalisation Segments: Mid Caps Outperform

The mid-cap segment demonstrated relative strength, with the BSE Mid Cap index gaining 0.13%. This outperformance suggests selective buying interest in companies with growth potential outside the large-cap universe. The BSE100 index also edged higher by 0.07%, while small caps traded flat, indicating a cautious approach among investors towards riskier, smaller companies.

Top Gainers and Losers Across Market Caps

Among large caps, Tech Mahindra stood out as the top gainer, appreciating by 3.07%. This gain reflects positive investor sentiment towards the company’s recent business developments and robust order book. On the other hand, Hindustan Aeronautics Limited (HAL) was the largest large-cap loser, declining by 3.04%, possibly due to profit booking or sector-specific concerns.

In the mid-cap space, GE Vernova Transmission & Distribution (T&D) led gains with a 3.24% rise, while Delhivery faced selling pressure, falling by 2.81%. Small caps showed more volatility, with VLS Finance surging by 16.77%, a significant move that may be driven by company-specific news or speculative interest. Conversely, Magellanic Cloud declined by 7.72%, marking the steepest fall among small caps.

Broader Market Breadth and BSE500 Movers

The advance-decline ratio across the BSE500 was 196 advances to 303 declines, resulting in a ratio of 0.65x. This indicates that more stocks declined than advanced, reflecting a cautious or risk-averse market mood. Among the top gainers in the BSE500 index were ITI, which rose by 10.00%, Poly Medicure with a 5.67% gain, and NBCC, which increased by 4.35%. On the losing side, DCM Shriram declined by 3.89%, Aether Industries by 3.10%, and Hindustan Aeronautics by 3.04%.

Foreign and Domestic Institutional Activity

Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) continue to play a pivotal role in shaping market trends. While detailed net inflow or outflow figures are not disclosed for the day, the mixed sectoral performance and subdued market breadth suggest a cautious stance among these investors. Global economic uncertainties and geopolitical developments have contributed to this measured approach, with investors awaiting clearer signals before committing to aggressive positions.

Global Cues and Their Impact

Global markets exhibited mixed signals on 24 Nov 2025, with major indices in the US and Europe showing modest gains amid ongoing concerns about inflation and central bank policies. Asian markets were similarly subdued, reflecting investor caution ahead of key economic data releases. These global dynamics have influenced Indian markets, contributing to the restrained trading activity and sector-specific divergences observed today.

Technical Indicators and Market Outlook

The Sensex’s position above its 50-day moving average, which itself is above the 200-day moving average, suggests a constructive medium-term technical setup. However, the narrow trading range and limited breadth indicate that investors are weighing risks carefully. The proximity to the 52-week high may also be encouraging some profit-taking, especially in large-cap stocks that have rallied strongly in recent weeks.

Conclusion

Indian equity markets on 24 Nov 2025 reflected a phase of consolidation with mixed sectoral performances and cautious investor participation. The IT sector’s leadership in gains underscores its continued appeal amid global digital trends, while the Capital Goods sector’s weakness highlights ongoing challenges in industrial segments. Mid-cap stocks showed relative strength, suggesting selective interest in growth-oriented companies beyond the large-cap space. Market breadth and institutional activity point to a careful approach as investors digest global cues and await further clarity on economic policies. The Sensex’s technical positioning remains positive, but the narrow trading range indicates that momentum may require fresh catalysts to sustain upward movement.

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