Indian Markets Pre Market Report-Nov26,2025

Indian Markets Pre Market Report Today – 26 November 2025– “A Clear Early View of Today’s Market Pulse”

🟢 Quick Morning Snapshot (as of early trade)

GIFT Nifty: around 26,150–26,160, almost flat / mildly negative vs previous close, signalling a muted to slightly soft start for the Indian markets. Yesterday’s Close (25 Nov 2025) Nifty 50: 25,884.80 Sensex: 84,587.01Bank Nifty: ~58,820 (Doji-type candle, failed to break 59,000). India VIX: fell to about 12.2, down ~8%, showing low volatility and calm sentiment despite the dip in indices. USDINR: rupee hovering near ₹89.2 per USD, slightly weaker. Gold (MCX Dec): around ₹1.25 lakh per 10g, up roughly 1%+ Silver (MCX): around ₹1.56 lakh per kg, also up over 1%

This is the backdrop for Indian Markets Pre Market Report Today for 26 November 2025.

🌎 Global Cues & GIFT Nifty – What the World Is Signalling

Overnight, global risk sentiment turned positive again:

US Markets: Dow jumped ~1.4%, S&P 500 ~0.9%, Nasdaq around 0.7% as hopes of a Fed rate cut in December strengthened. Tech saw mixed action – Nvidia / AMD came under pressure, but broader indices still closed higher.

Europe: STOXX Europe 600 gained about 0.9%, helped by the same “rate-cut hope” theme.

Asia (this morning): Asian stocks are up for a third straight day, tracking Wall Street.

Indices in Japan, Korea, Hong Kong and Australia are trading in green as traders price in a high probability of a Fed cut next month.

India–US Trade Deal Angle: Negotiations remain very much alive. Reports suggest India is “ready to wait” and is negotiating from a position of strength thanks to a resilient domestic economy, while US tariffs on some Indian exports remain a pressure point. A separate set of reports highlights that the deal is now in its “final stage”, with a strong energy component (including LPG from the US) and potential tariff adjustments on both sides.

Bottom line for pre-market:

Global cues are supportive, but Indian markets are dealing with derivatives expiry hangover, recent FII selling and key resistance zones. GIFT Nifty around 26,160 suggests a flat to slightly soft start rather than a big gap up.

🇮🇳 Recap of Last Session – 25 November 2025

Yesterday was the third straight down day for benchmarks:

Nifty 50 closed at 25,884.80, down ~75 points.

Sensex closed at 84,587, down about 314 points. Move was driven largely by monthly derivatives expiry, profit-booking near record highs and pressure from heavyweights like HDFC Bank, ICICI Bank, Infosys, ITC, L&T and Kotak Bank.

Sector performance yesterday:

Strong / outperformers: PSU Banks again stood out on the positive side. Realty & select metal names showed relative strength. Weak pockets: IT, FMCG and some large private banks were the drag.

Despite the red close, India VIX closing near 12 tells you this is a cool-headed correction, not panic.

📊 Key Levels – Nifty, Bank Nifty & Sensex (Support & Resistance)

🔹 Nifty 50

Spot close: ~25,885 Options & OI data show: Maximum Call OI at 26,000, followed by 26,200

Immediate Resistance: 26,000 followed by 26,200.

On the Put side, 25,800–26,000 strikes carry heavy interest, acting as

immediate support zone. 25,800–26,000

Put–Call Ratio (PCR) for Nifty has cooled to roughly 0.74–0.75, indicating cautious to slightly bearish positioning after two–three down sessions.

A hold above 25,850 keeps the door open for a retest of 26,000+; a break below 25,750 can push Nifty towards 25,700–25,500 as per recent technical commentary.

🔹 Bank Nifty

Yesterday Bank Nifty formed a doji-like candle and closed around 58,820, showing indecision but relative strength vs Nifty. Technical and derivatives notes broadly point to:

Support zone: 58,500–58,700

Resistance zone: 59,000–59,250

Bank Nifty holding above 58,700 keeps “buy on dips” sentiment alive in financials; a clean move above 59,200 can trigger short-covering.

🔹 Sensex

Close: 84,587. Recent expert views highlight a support area near 84,000, with the upside cap closer to 85,200–85,800 unless FII selling eases.

🇮🇳🤝 India–US Trade Deal – Why It Matters for Today

Reports say India is negotiating from a position of strength, with a resilient domestic economy and limited damage to exports despite steep US tariffs on some goods. Another set of stories hints that officials on both sides feel the deal is in its “final stage”, with energy (LPG), oil and tariff adjustments likely to be key deliverables.

For Indian Markets Pre Market Report Today, this matters because:

A favourable deal could help pharma, textiles, speciality chemicals, IT, autos and capital-goods exporters over the medium term. In the near term, just headlines / leaks can move sentiment in stocks directly exposed to US demand.

📈 Derivatives: Open Interest, PCR & VIX

Nifty Options OI: Heavy Call OI at 26,000 & 26,200 → resistance cluster. Decent Put OI at 25,800 & 26,000 → support floor. Nifty PCR: Around 0.74–0.76 for the last expiry, showing more Calls than Puts – typically a sign of cautious or mildly bearish stance, especially after a decline. India VIX: Closed near 12.2, down ~8% yesterday – volatility has cooled sharply even as prices slipped, indicating no sign of panic yet.

Overall, derivatives positioning suggests range-bound to mildly positive bias as long as Nifty holds 25,800–25,850.

📦 IPO Corner – New & Existing Issues

Existing / Just-Closed IPOs

Sudeep Pharma IPO Subscribed a massive 93.7x on final day – very strong demand across categories. GMP has cooled slightly, but sentiment remains strong for listing, and the sector (pharma ingredients & additives) fits the “defensive + growth” narrative.

Capillary Technologies IPO subscribed nearly 53x, but listed slightly below issue price before recovering and trading up to 13% higher in subsequent sessions. Market view is broadly “hold for medium to long term” with a stop loss, not a pure listing-gain story.

Emmvee Photovoltaic Power IPO price band ₹206–217, lot size 69 shares, issue size ~₹2,900 crore, already listed on both exchanges.

Upcoming & Fresh Action

Excelsoft Technologies IPO (₹114–₹120 band) was subscribed over 43x in total. Listing is today (26 Nov 2025); Street is expecting a modest premium based on current GMP. IPO theme for the day Strong interest continues in IT, pharma and renewables-adjacent names, but listing pops are becoming more selective. For medium-term investors, today is a good day to review fundamentals of these newly listed companies rather than chasing every IPO for short-term gains.

💰 FII & DII Flows – Who Bought, Who Sold?

For 25 November 2025:

FIIs: Net buy of about ₹785 crore in the cash market – after previous days of selling, this is a mild positive surprise.

DIIs: Net buy of around ₹3,900+ crore, continuing to absorb foreign selling and support dips.

Combined flows show that domestic institutions are still backing the market, which is supportive for short-term sentiment even as valuations remain rich.

🪙 Commodities & Currency – Gold, Silver, Crude & INR

Gold (MCX): Dec futures near ₹1,25,136 per 10g, up over 1% in the last session, tracking higher international prices and a weaker rupee.

Silver (MCX): Around ₹1.56 lakh per kg, also up over 1%.

Crude (Brent): Hovering around $62–63 per barrel, after a recent sharp slide below $60 earlier in the week.

USDINR: Rupee closed near 89.22 vs USD, slightly weaker on Tuesday, with traders watching Fed expectations and local bond yields.

For Indian markets, rising gold & silver + steady but weak rupee + soft crude together are not alarming; in fact, lower crude is mildly positive for macro & inflation, while rupee weakness supports IT/exporters.

📌 Short-Term vs Long-Term View

For Short-Term Traders (1–5 days)

Bias is range-bound with a mild positive tilt as long as: Nifty holds 25,750–25,850 Bank Nifty holds 58,500–58,700 Upside attempts are likely to get supply near: Nifty 26,000–26,200 Bank Nifty 59,000–59,250

You can use dips towards support for stock-specific trades in:

Quality PSU banks, Select capital-goods, infra, defence, and Strong private banks with stable earnings,

always with strict stop-loss and position sizing.

For Long-Term Investors (1–3+ years)

Macro set-up stays constructive: Strong domestic growth, FII selling being absorbed by DIIs, Ongoing reforms and possible India–US trade deal providing a medium-term tailwind. Good time to review asset allocation and continue SIP / staggered buying in: Broad Nifty / Sensex index funds, Quality large-cap banks, IT, autos and manufacturing leaders, Select new-age listings only after checking valuation vs earnings.