The short-term outlook of the market remains positive.
Gaurav Garg,
Research Analyst,
Lemonn Markets Desk
Mumbai, November 27, 2025: Indian markets have surged to fresh lifetime highs after 14 months, driven by key factors that have strengthened sentiment and supported a broad-based rally. The Nifty has crossed 26,310 and the Sensex has moved above 86,000 for the first time, reflecting strong domestic resilience despite global uncertainty.
A major driver has been the steady flow of domestic investments, with SIP inflows, retail participation and robust liquidity providing a strong cushion against foreign outflows. India’s stable macroeconomic environment—marked by controlled inflation, healthy forex reserves and steady growth—has further boosted confidence at a time when other major economies face rate pressures and recession risks. Also highlight improving earnings momentum, with strong Q2 results, rising profitability and supportive government policies strengthening the corporate outlook for the coming quarters. Finally, after nearly a year of consolidation and relative underperformance, Indian valuations have moderated, making large caps more attractive and drawing renewed foreign interest. Together, these factors have created a favourable setup for the indices to break past previous highs and sustain a positive trajectory.
Shrikant Chouhan, Head Equity Research, Kotak Securities, adds:
Today, the benchmark indices registered a fresh all-time high. The Nifty ended 15 points higher, while the Sensex was up by 165 points. Among sectors, the Media index rallied 0.60 percent, whereas the Reality, Oil, and Gas indices lost the most, shedding 0.70 percent. Technically, after a positive open, the Nifty and Sensex registered a fresh all-time high of 26,310.45 and 86,055.86, respectively, but they trimmed some gains in the second half of the day. However, the short-term outlook of the market remains positive.
We believe that 26,100/85,500 and 26,000/85,200 remain strong support levels for the bulls. As long as the market trades above these levels, the bullish sentiment is likely to continue. On the higher side, 26,350-26,400/86,000-86,300 would act as key resistance areas for the bulls. However, below 26,000/85,200, the sentiment could change. Below these levels, traders may prefer to exit their long positions.
