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Trendlyne Marketwatch
26 Nov 2025
Market closes higher, buoyed by lower oil prices and anticipation of Fed rate cut
By Trendlyne Analysis

 

Nifty 50 closed at 26,205.30 (320.5, 1.2%), BSE Sensex closed at 85,609.51 (1022.5, 1.2%) while the broader Nifty 500 closed at 23,955.20 (300.2, 1.3%). Market breadth is ticking up strongly. Of the 2,588 stocks traded today, 1,855 were on the uptick, and 685 were down.

Indian indices closed higher, driven by lower oil prices, foreign inflow and anticipation of a Fed rate cut in December. The Indian volatility index, Nifty VIX, fell 1.9% and closed at 12 points. Bharti Airtel closed lower as its promoter reportedly plans to sell shares worth Rs 7,193 crore via block deals.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. BSE Metal and Nifty Capital Markets were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Metals & Mining emerged as the highest-performing sector of the day, with a rise of 2.4%.

European indices are trading higher, except Russia’s RTSI and MOEX indices. Major Asian indices closed in the green, except China’s FTSE China 50 and Thailand’s SET indices. US index futures are trading higher, signalling a positive start to the session, after September retail sales grew 0.2%, raising hopes of a Fed rate cut in December. Meanwhile, Deere & Co, JBS NV and Li Auto are set to report their results later today.

  • Money flow index (MFI) indicates that stocks like Hero MotoCorp, Asian Paints, GMR Airports, and M&M Financial are in the overbought zone.

  • Hindustan Construction is rising as its board of directors approves raising Rs 1,000 crore through the rights issue of equity shares.

  • Deven Choksey maintains its 'Accumulate' rating on Gujarat Fluorochemicals with a target price of Rs 3,798 per share. This indicates a potential upside of 10.9%. The brokerage expects the company's revenue to grow, supported by sustained momentum in its fluoropolymer segment and a scale-up in the battery chemicals business by FY27. It expects the firm's revenue to grow at a CAGR of 13% over FY26-28.

  • Thermax is rising as its arm, Thermax Babcock & Wilcox Energy Solutions, secures an order of over Rs 580 crore from Dangote Industries for utility boilers in its Nigeria refinery project. The contract includes four high-pressure boilers, along with engineering, commissioning, and support.

  • Shailesh Chandra, CEO and MD of Tata Motors PV, says the launch of the Tata Sierra could lift the company’s SUV market share from about 16–17% today to 20–25%. He expects November to pick up after the GST cut and is confident that the second half of the year will return to solid growth following a weak first half.

  • Reports suggest that around 51.7 lakh shares of Reliance Infrastructure have changed hands at an average price of Rs 157 per share, worth approximately Rs 81.2 crore. Elimath Advisors is likely the buyer in the transaction.

  • Paras Defence & Space Technologies rises as it enters a licensing agreement with the Defence Research & Development Organisation (DRDO) to transfer its driver night sight (DNS) technology for T-90 tanks.

  • Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) rise after Brent crude slips to a one-month low of $61 per barrel. West Texas Intermediate (WTI) crude also hits a one-month low at $57 amid concerns of excess global supply over demand.

  • Aditya Virwani, MD of Embassy Developments, remains confident of meeting the FY26 guidance of Rs 5,000 crore in pre-sales and Rs 2,200 crore in collections, despite achieving only about 12–13% in the first half. He says the business is coming out of a long-dormant phase, and with major launches in Bengaluru and Mumbai, the company expects a strong pickup in H2FY26.

  • Pace Digitek is rising as it secures a Rs 199.4 crore order from Larsen & Toubro. The contract involves supplying battery energy storage systems to the Kajra power project through its subsidiary, Lineage Power

  • Shakuntala Shetty sells 11.8 lakh shares (0.6% stake) in Narayana Hrudayalaya, worth approximately Rs 230.7 crore, at an average price of Rs 1,960.1 per share in a block deal.

  • AustralianSuper acquires 94.8 lakh shares (0.7% equity) of AWL Agri Business in a bulk deal worth Rs 260.8 crore. The transaction was executed at an average price of Rs 275 per share.

  • Riju Jhunjhunwala, Vice Chairman of HEG, highlights that the recent promoter buying signals strong confidence in the business outlook. The company targets the demerger of its graphite business by mid-2026. Looking ahead, Jhunjhunwala projects significant growth in the Graphite Electrode segment, with EBITDA expected to rise from Rs 450 crore in FY26E to Rs 650 crore in FY27E.

  • Geojit BNP Paribas upgrades Lupin to a 'Buy' call from 'Hold', with a higher target price of Rs 2,225 per share. This indicates a potential upside of 8.2%. The brokerage is confident in the company's long-term performance, led by its investments, operational improvements, and a strong pipeline. It expects the firm to deliver a revenue CGAR of 10.2% over FY26-27.

  • Vikram Solar expands its module production capacity by 5 gigawatts (GW) at its Vallam facility in Tamil Nadu, taking its total capacity to 9.5 GW.

  • Elgi Equipments rises sharply after SBI Mutual Fund acquires 55 lakh shares (1.8% equity) for Rs 268.6 crore. The fund already held a 4.3% stake in the company.

  • Nuvama initiates coverage on Premier Energies with a 'Buy' rating and a target price of Rs 1,270. The brokerage says the company is well-placed to benefit from growth in the New Energy ecosystem while its core solar business stays steady. It expects some margin pressure but notes that the company's move into wafers, BESS (battery energy storage systems), transformers and inverters should support growth and reduce overall risk.

  • ASK Automotive rises as its promoter, Kuldip Singh Rathee, sells a 4% stake (~78.9 lakh shares) for Rs 373 crore at an average price of Rs 473 per share. The sale is to meet the minimum public shareholding requirement of 25%. SBI Mutual Funds buys 78.6 lakh shares for Rs 371.9 crore.

  • Excelsoft Technologies' shares debut on the bourses at a 12.5% premium to the issue price of Rs 120. The Rs 500 crore IPO received bids for 43.2 times the total shares on offer.

  • Indraprastha Gas is rising as it forms a 50:50 joint venture (JV) with CEID Consultants & Engineering to set up a compressed biogas plant.

  • Elara Securities maintains its 'Buy' rating on Kaynes Technology with a target price of Rs 7,670. The brokerage remains positive on the company’s long-term outlook, supported by a capex of Rs 11,000 crore through FY29. It notes FY26 revenue guidance remains steady at Rs 4,500 crore, driven by demand across automotive, EVs, railways, aerospace, and industrials.

  • Zydus Lifesciences rises as it receives approval from the US FDA for Verapamil Hydrochloride extended-release tablets. The drug is used to treat high blood pressure and has a market size of $24.5 million according to IQVIA.

  • Indian Overseas Bank is rising as it receives an income tax refund order worth Rs 835.1 crore from the Income Tax (IT) Department for AY23.

  • Bharti Airtel is falling as its promoter entity, Indian Continent Investment, owned by the Mittal family, reportedly plans to sell 3.4 crore shares (or 0.6% stake) worth Rs 7,193 crore via block deals.

  • NCC is rising as it receives an order worth Rs 2,062.7 crore from the Public Works (Health & Education) Department, Assam, to expand and modernise Gauhati Medical College & Hospital.

  • Nifty 50 was trading at 25,969.65 (84.9, 0.3%), BSE Sensex was trading at 84,503.44 (-83.6, -0.1%) while the broader Nifty 500 was trading at 23,749.55 (94.5, 0.4%).

  • Market breadth is overwhelmingly positive. Of the 2,081 stocks traded today, 1,540 were on the uptick, and 465 were down.

Riding High:

Largecap and midcap gainers today include Lloyds Metals & Energy Ltd. (1,241, 4.4%), Siemens Ltd. (3,318.80, 4.3%) and JSW Steel Ltd. (1,154.40, 3.8%).

Downers:

Largecap and midcap losers today include AWL Agri Business Ltd. (264.25, -2.7%), Mahindra & Mahindra Financial Services Ltd. (351, -2.6%) and FSN E-Commerce Ventures Ltd. (264.45, -2.2%).

Crowd Puller Stocks

18 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Natco Pharma Ltd. (927.40, 11.2%), Gujarat Mineral Development Corporation Ltd. (528.10, 8.2%) and Tata Investment Corporation Ltd. (766.60, 5.5%).

Top high volume losers on BSE were Chennai Petroleum Corporation Ltd. (896.60, -12.0%), Bharti Airtel Ltd. (2,126.80, -1.6%) and BASF India Ltd. (4,199.20, -0.7%).

Carborundum Universal Ltd. (876.55, 5.0%) was trading at 16.0 times of weekly average. ZF Commercial Vehicle Control Systems India Ltd. (12,893, 0.8%) and General Insurance Corporation of India (392.50, 2.7%) were trading with volumes 6.3 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks made 52 week highs, while 4 stocks tanked below their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (3,763.10, -1.6%), Axis Bank Ltd. (1,290.20, 1.9%) and Bank of India (148.85, 1.1%).

Stocks making new 52 weeks lows included - United Breweries Ltd. (1,700.10, 0.1%) and Deepak Nitrite Ltd. (1,569.50, -0.7%).

29 stocks climbed above their 200 day SMA including Natco Pharma Ltd. (927.40, 11.2%) and JK Cement Ltd. (5,925, 6.1%). 6 stocks slipped below their 200 SMA including Swan Corp Ltd. (438.75, -1.5%) and Adani Enterprises Ltd. (2,315, -0.8%).

 
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