Nifty closes below 26k ahead of monthly expiry; Sensex falls 331 pts

The Indian equity market ended a volatile Monday session on a weak note, weighed down by broad based sectoral selling except in IT, with the Nifty 50 settling below the 26,000 level ahead of monthly expiry.At close Sensex was down 331.21 points or 0.39 percent at 84,900.71, while the Nifty was down 108.65 points or 0.42 percent at 25,959.50.
Tech Mahindra, Eicher Motors, Bajaj Auto, Wipro, Infosys were the top gainers on the Nifty, while losers included JSW Steel, Bharat Electronics, Max Healthcare, Grasim Industries, Dr Reddys Labs.On the sectoral front,except IT, all other indices ended in the red with media, metal, realty, pharma, oil & gas, FMCG down 0.4-1 percent. Broader market indices underperformed the key indices, with BSE midcap down 0.3 percent while smallcap index shed 0.8 percent.
Rupee Close:
On 24 Nov'25,the Indian rupee rebounded sharply by 46 paise to close at 89.20 against the US dollar on Monday, due to US dollar selling by banks and importers amid a dip in global crude oil prices.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,after a range-bound positive session, the market closed with a decline in the last half hour, as Nifty50 indices could not survive above the key threshold of 26,000. Investor sentiment remained cautious, in anticipation of key event risk like delays in finalizing the interim US-India trade agreement. Nonetheless, selective buying in IT stocks offered some support. On a brighter note, global markets remain optimistic, fueled by renewed expectations of a December Fed rate cut, prompted by downside risks to U.S. employment data. Domestically, favorable macro indicators, including GDP growth, controlled inflation, stable oil prices, and a strong H2 earnings outlook, have contributed to market stability. Meanwhile, Indian equities are expected to hold firm this week, supported by healthy domestic macro indicators, an improving demand outlook for the third quarter, and resilient fund flows. Markets eye global data as sentiment stays cautious amid rupee weakness and mixed sector trends.

#Indianequities are expected to hold firm this week, supported by healthy domestic macro indicators, an improving demand outlook for the third quarter, and resilient fund flows. pic.twitter.com/1MbRt3iPIZ

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Market experts recommended five shares to buy on Monday- Hindustan Foods (NDA), Alicon Castalloy, Aether Industries, Ethos, and Avanti Feeds.

(Business Correspondent)