Sensex Up 124 Points and Nifty Higher by 26 in Midday Trade

Market Update at 12:10 PM: Benchmark indices BSE Sensex and NSE Nifty reversed early losses on Friday as investors engaged in buying on dips ahead of the Q2FY26 GDP data release scheduled later today. The market recovered from a weak start, supported by selective buying in heavyweight stocks.

At 12:00 AM, the BSE Sensex stood at 85,847.14, up 124 points or 0.15 per cent, while the NSE Nifty50 was at 26,242, rising 26 points or 0.10 per cent. Gains in shares of M&M, Tech Mahindra, Reliance Industries, Titan Company, SBI, Maruti Suzuki, HUL, Tata Motors PV and Sun Pharma supported the indices and helped trim earlier losses.

However, selling pressure in Asian Paints, Power Grid, Adani Ports, Axis Bank, Infosys, Eternal, HDFC Bank and Tata Steel capped further upside. Both the Sensex and Nifty had touched fresh all-time highs in Thursday’s Intraday trade, surpassing the 86,000 mark and the 26,300 level, respectively.

In the broader markets, the Nifty MidCap index remained flat, while the Nifty SmallCap index slipped 0.2 per cent. Among sectors, the Nifty Auto index gained 0.5 per cent, followed by the Nifty FMCG index, which was up 0.16 per cent, and the Nifty Metal index, advancing 0.13 per cent. On the other hand, the Nifty Private Bank index declined 0.15 per cent.

Market Update at 9:30 AM: India markets today, Nifty 26237, Sensex 85791, Q2 GDP India, Indian equities, market opening, Small-Caps, Mid-Caps, domestic demand, USD tariffs, stock market news

India’s equity benchmarks opened flat on Friday, taking a pause near the record levels hit in the previous session. Traders turned their attention to quarterly growth data due later in the day, with expectations that India’s economy likely remained firm on the back of strong domestic demand.

At 9:15 a.m. IST, the Nifty rose 0.08 per cent to 26,237.45, while the Sensex gained 0.08 per cent to 85,791.55. The previous session saw both indices touch fresh all-time highs, with the Nifty reaching 26,310.45 and the Sensex hitting 86,055.86 before ending the day almost unchanged as foreign investors booked profits.

Market participation was mixed across sectors, with thirteen of the sixteen major sectoral indices recording marginal gains. In the broader market, small-caps and mid-caps opened 0.1 per cent higher, reflecting steady sentiment among investors despite the muted headline movement.

India’s GDP for the July–September quarter is expected to come in at 7.3 per cent, supported by resilient consumer demand and advance production and export activity ahead of upcoming U.S. tariff measures. The data release is likely to guide the next leg of market direction.

Pre-Market Update at 7:40 AM: Indian equity benchmark indices, the Sensex and Nifty 50, are expected to open marginally higher on Friday, November 28, tracking mixed global cues. Gift Nifty traded near 26,419, reflecting a small premium of 14 points over the previous close of Nifty futures, indicating a mildly positive start for domestic markets. Asian markets began mostly lower, while US stock futures traded flat in a holiday-shortened week due to the Thanksgiving closure.

Foreign Institutional Investors were net sellers on Thursday, November 27, offloading equities worth Rs 1,255.20 crore. Domestic Institutional Investors continued to provide support with net inflows of Rs 3,940.87 crore, marking their 25th straight session of buying activity.

On Thursday, Indian markets reclaimed fresh all-time highs, touching levels last seen in September 2024. The Nifty 50 closed at 26,215.55 after hitting a record 26,310.45, and the Sensex ended at 85,720.38 after touching an intraday high of 86,055.86. Financial stocks drove the upward move on expectations of a potential rate cut by the Reserve Bank of India, though some profit-booking emerged near the peak. Broader markets showed a mixed trend, with the Nifty Midcap 100 closing slightly higher and the Nifty Smallcap 100 ending lower.

In the US, equity markets remained closed on Thursday for Thanksgiving, with Friday’s session set to end early at 1 pm ET. Futures movement stayed limited, with Dow Jones futures up 10 points and minor gains seen in S&P 500 and Nasdaq-100 futures.

Russian President Vladimir Putin stated that the peace plan framework being discussed between the US and Ukraine could form a basis for future negotiations, though he noted that Russia is prepared to continue its military operations if talks do not progress.

In Japan, Tokyo’s consumer inflation stayed above the Bank of Japan’s two per cent target for November. The Tokyo core CPI rose 2.8 per cent year-on-year, unchanged from October and close to market expectations.

Gold prices remained firm, supported by expectations of US Federal Reserve rate cuts. Gold traded 0.3 per cent higher at USD 4,171.18 per ounce and is set to record a fourth consecutive monthly gain. Crude oil prices were steady, with Brent crude at USD 63.38 per barrel and WTI at USD 59.02, as benchmarks headed for their longest streak of monthly declines in over two years.

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Disclaimer: The article is for informational purposes only and not investment advice.