Indian Markets Poised for Volatility on November 26 as Nifty Tests Crucial Support Amid Global Cues

The Indian stock market on November 26, 2025, is set for a volatile session as the Nifty 50 hovers near critical support levels around 25,850, with the Sensex similarly pressured. The markets closed lower for three straight sessions heading into this session, weighed down by selling in major sectors such as IT, banking, media, and oil & gas.

Nifty futures at GIFT City show a positive start, suggesting short-term relief, but the broader consolidation in the 25,700 to 26,250 range is likely to persist. The monthly derivatives expiry adds an extra layer of caution, with sharp movements expected as traders adjust positions.

Global factors such as expectations of a US Federal Reserve rate cut in December and the upcoming US inflation data release will strongly influence domestic market sentiment. While large-cap indices face pressure, midcaps and smallcaps are showing relative resilience. Bank Nifty, a key market segment, remains buoyant above support levels near 58,200.

Key highlights:

Nifty 50 tests key support zone around 25,850; resistance expected near 26,000-26,100

Sensex faces pressure with recent three-day decline amid sectoral sell-off

Monthly derivatives expiry adds to market volatility and directional uncertainty

Global cues including US inflation data and rate cut expectations drive sentiment

Midcap and smallcap indices outperform larger indices modestly

Bank Nifty holds above 58,200 support, signaling relative stability in banking stocks

Analysts advise accumulating high-quality large and midcap stocks on dips

Sources: NDTV Profit, Moneycontrol, Motilal Oswal Financial Services Ltd, Bajaj Broking Research, Free Press Journa