November 28, 2025 : Gift Nifty opened on a flat note in early Wednesday trading, signalling a cautious start for the domestic equity markets as investors assessed mixed global cues, sectoral rotations, and expectations around upcoming macroeconomic data. The muted movement reflects indecision among traders, who are closely monitoring international market trends, commodity prices, and the flow of institutional investments to gauge the day’s direction.
Market analysts noted that the benchmark indices have recently shown resilience despite occasional bouts of volatility. With the Gift Nifty hovering in a narrow range, the Street anticipates another session where stock-specific action may dominate broader index movements.
Global Market Sentiment Remains Mixed
Overnight cues from the US and European markets were largely neutral, as investors reacted to a series of economic data points that failed to provide clarity on the pace of interest-rate adjustments. US Treasury yields remained stable, while major indices like the Dow Jones, S&P 500, and Nasdaq ended with marginal changes.
Asian markets opened on a mixed note as well, with Japan’s Nikkei trading higher on technology sector strength, while South Korea and Hong Kong witnessed mild profit booking. China’s markets struggled amid concerns around growth momentum and sluggish consumer demand.
These global signals have contributed to the flat start for Gift Nifty, with traders awaiting stronger directional indicators.
Domestic Factors Influencing Today’s Session
Back home, investors are gearing up for a series of domestic events that may influence intraday sentiment. The recent decline in crude oil prices is seen as a positive for India, potentially supporting sectors like aviation, paints, and logistics. However, rising concerns over inflationary pressures in select categories may keep traders on edge.
Additionally, the market is still digesting corporate earnings reports for the quarter, many of which have showcased encouraging bottom-line performance despite cost pressures. Analysts believe that the earnings momentum could provide underlying support to the indices in the coming sessions.
Key Levels to Watch for Nifty and Bank Nifty
Technical analysts expect the Nifty 50 to encounter immediate resistance around the 24,250–24,300 zone, where profit-booking tendencies have emerged in recent sessions. On the downside, support is seen near 23,950–24,000, which has acted as a strong cushion during recent pullbacks.
Bank Nifty, which has been relatively subdued, is expected to trade within a narrow band as traders await stronger cues from banking earnings and credit growth trends. The index faces resistance near 53,200, while support lies around 52,500.
Volatility has remained moderately low, suggesting that traders are not expecting sharp swings unless triggered by unexpected news flow.
FIIs vs DIIs: Institutional Flows to Be Watched
Foreign Institutional Investors (FIIs) have been inconsistent in recent sessions, oscillating between light selling and selective buying. Their stance today will be crucial, especially with global markets offering limited direction. Domestic Institutional Investors (DIIs), meanwhile, have continued their steady accumulation, helping markets recover from intraday dips.
The tug-of-war between FIIs and DIIs is expected to play out once again, potentially influencing late-session momentum.
Sector-Wise Outlook for the Day
- IT and Tech: May witness mild recovery tracking Nasdaq’s overnight stabilisation. Stock-specific action likely.
- Banking & Financials: Expected to trade range-bound; private banks may outperform public sector lenders.
- FMCG: Could see defensive buying amid global uncertainty.
- Auto: Strong domestic demand trends may continue supporting the sector.
- Metals: Likely to face pressure due to weak commodity cues from China.
- Realty: May see selective buying after recent consolidation.
Traders are also keeping a close watch on mid-cap and small-cap indices, which have recently exhibited strong traction but are vulnerable to sharp corrections.
Rupee and Commodity Watch
The Indian rupee is expected to open mildly stronger, supported by the dip in crude oil prices and stable dollar index movement. However, global risk appetite and foreign fund flows will determine its intraday trajectory.
Gold and silver prices may remain subdued with traders awaiting sharper signals from the US Federal Reserve’s commentary on inflation.
What Traders Should Consider Today
Experts recommend a balanced approach, urging investors to remain cautious but not overly defensive. With Gift Nifty showing no strong directional bias, intraday traders may find opportunities in stock-specific breakouts, options strategies, or sector rotation plays.
Long-term investors, however, may use dips in high-quality stocks as buying opportunities, especially in sectors such as banking, autos, and capital goods, which continue to demonstrate strong structural trends.
As the trading session progresses, markets are expected to take cues from global movements, institutional flows, and intraday sector performance. A decisive move above resistance levels could unlock further gains, while failure to sustain key supports may trigger mild selling pressure.
Summary:
Gift Nifty traded flat as investors tracked mixed global cues, institutional flows, and sector trends. Markets may remain range-bound with stock-specific action expected, while key Nifty levels guide intraday sentiment.