Indian Markets Pre Market Report-Nov28,2025

Indian Markets Pre Market Report Today (28.11.2025)-Quiet global mood sets the tone for a measured start

Indian markets are stepping into the last trading day of the week on a calm note. After touching fresh record highs yesterday and then cooling off, the mood this morning is quiet but still constructive.

As of early trade, GIFT Nifty is hovering around 26,410–26,420, indicating a flat to slightly positive start for Nifty 50.

Global cues are supportive but not euphoric: the US markets were shut for Thanksgiving, while global indices are holding gains built on Fed rate-cut hopes, and Asian markets are trading mixed with some profit-taking after a strong rebound.

🧾 Quick Recap: How the Market Closed Yesterday (27.11.2025)

Nifty 50: 26,215.55, up 0.04%, after hitting an intraday high above 26,300.

Sensex : 85,720.38, up around 111 points (0.13%), also touching new record levels intraday.

Bank Nifty: 59,737.30, closing in the green and staying comfortably above 59,500.

Broadly, the indices made new highs, but profit-booking at the top pulled them back into a narrow positive close. Business Standard and Moneycontrol both described the close as “flat with a positive bias”, with IT and private banks supporting and some other pockets cooling off.

India VIX – Volatility Still Sleepy

India VIX traded in the 11.5–12.2 range yesterday and closed near 11.8–12.0, dropping about 3–4% from the previous session.

Low VIX tells you one thing clearly: no panic. Traders are comfortable carrying positions, even at record index levels.

🌍 Global Cues & India–US Trade Deal Update

Global Markets Overnight

Global equities have been supported by expectations of a Fed rate cut next month, with a broad four-day rally seen in global indices earlier this week. On Friday morning, Asian markets are mixed and “losing some momentum” after the recent rebound, with Japan and South Korea opening a bit softer.

No major risk-off trigger is visible right now; the environment is more like a pause after a strong run.

India–US Trade Deal – Still in Focus

Recent coverage suggests that India’s economic resilience has given it more confidence in negotiating the US trade deal, and discussions are continuing despite US tariff pressure.

On the positive side, commentary from the Commerce Minister in recent days has indicated that India is moving closer to multiple FTAs and progress on the US front, even if the final text is not signed yet.

For markets, this remains a medium-term sentiment driver – especially for exporters, IT, pharma, textiles and speciality chemicals – but not a one-day trigger.

📊 Key Levels for Today – Nifty, Bank Nifty, Sensex

Nifty 50 – Key Levels

Previous close: 26,215.55

Immediate support: 26,100–26,050 (highlighted by analysts as near-term support zone) Next strong support: Around 25,850–25,900

Resistance zone: 26,300–26,350 first 26,600 as the next upside level watched by technical reports

In simple words: as long as Nifty holds 26,100–26,000, the uptrend is intact for this Indian Markets Pre Market Report Today (28.11.2025).

Bank Nifty – Key Levels

Previous close: 59,737.30

Support: 59,000, then 58,500

Resistance: 60,000–60,200

Bank Nifty has been showing relative strength. If it pushes cleanly above 60,000, it can easily add momentum to Nifty as well.

Sensex – Key Levels

Previous close: 85,720.38

Support: 84,800–85,000

Resistance: 86,000+ (already tested intraday), then 86,300+

At this stage, all three indices are in “buy on dips” mode rather than “chase at any price” mode.

⚙️Derivatives Setup – OI, Put-Call Ratio & VIX

A key part of any Indian Markets Pre Market Report Today (28.11.2025) is understanding the derivatives picture:

India VIX around 11.79, down about 1.8% on the day. Nifty PCR (for near weekly/Dec expiry) reported around 1.5+, indicating strong Put writing and a bullish bias. Max Call OI near 26,500–27,000. Max Put OI around 26,000–26,100.

Interpretation:

Heavy Put OI at 26,000–26,100 = big traders defending this zone. Calls stacked at 26,500+ = profit-booking likely if we suddenly rally too fast. High PCR near 1.4–1.5 = market is in an overbought but still bullish zone.

🧩 SEBI’s Updated Block Deal Framework

On 8 October 2025, SEBI issued a circular reviewing the block deal framework, with key changes:

Two separate block-deal windows: Morning window: 8:45–9:00 AM, linked to previous day’s closing price. Afternoon window: during market hours, with defined reference price. Price band: typically around ±3% from the reference price to reduce manipulation. Minimum size: ₹25 crore for a transaction to qualify as a block deal.

Why it matters in this pre market report:

Increases transparency in large institutional trades. Reduces sudden impact on retail investors. Helps you explain unusual big trades and block prints in your daily blog.

💸 FII & DII Data – Who Bought, Who Sold Yesterday

For 27 November 2025 (cash segment, NSE/BSE combined):

FIIs: Gross Buy: ~₹10,262 crore Gross Sell: ~₹11,517 crore Net: –₹1,255.20 crore (net sellers)

DIIs: Gross Buy: ~₹15,558.92 crore Gross Sell: ~₹11,618.05 crore Net: +₹3,940.87 crore (solid net buyers)

So, foreign investors booked profits, but domestic institutions strongly absorbed supply, which is one reason why the index did not correct sharply despite record levels.

📑 IPO Corner – New & Existing Issues

The primary market is still buzzing mainly in the SME space, while mainboard supply slows a bit.

Ongoing & Existing IPOs

SSMD Agrotech India (BSE SME) Issue size: ~₹34 crore Open: 25–27 Nov 2025 Listing: expected on 2 Dec 2025

K K Silk Mills (BSE SME) Size: ~₹28.5 crore Open: 26–28 Nov 2025 Mother Nutri Foods (BSE SME) Size: ~₹39.6 crore Open: 26–28 Nov 2025 Focused on B2B peanut butter, GMP currently muted at around zero, signalling neutral sentiment.

Purple Wave (SME) Opens today: 28 Nov 2025 Closes: 2 Dec 2025

Recently Closed / Listed

Gallard Steel (SME) and Excelsoft Technologies (mainboard) listed earlier this week after issues in mid-November.

In your article, you can add a simple table with price band, lot size, open/close dates, listing date using your broker/IPO page, while this section serves as summary text.

🪙 Commodities – Gold, Silver, Crude Oil

Gold

24K gold (India average): about ₹1,25,540 per 10g today, slightly lower than yesterday.

Gold has cooled off after a strong run this month but remains elevated compared to early 2025 levels. Wedding demand plus global rate-cut hopes keep it supported.

Silver

silver rate: around ₹1,62,300 per kg today.

🛢️Crude Oil

Brent Crude is floating near $62- $63 per barrel, with analysts expecting a $59-60 range in the near term.

For India, this crude range is manageable and does not immediately threaten inflation.

💱 Currency – USD/INR Update

USD/INR spot rate today: around ₹89.30 per USD. USD/INR futures (NSE): quoting near 89.99 for the current expiry.

The rupee remains weak but stable, trading close to recent record lows. This combination supports IT and export themes, but it also keeps import costs and inflation risk in focus.

📌 Investment View – Short Term & Long Term (General, Not Advice)

Short-Term (intraday to a few sessions)

As long as Nifty holds 26,100–26,000, dips are likely to attract buyers. Bank Nifty above 59,000 also supports a positive tone. High PCR and low VIX suggest the market is in a “buy on dips, book partial profits on spikes” zone rather than a panic zone.

Long-Term (months to years)

Domestic macros are still favourable: stable growth, easing inflation trend, strong SIP flows, robust banking system. For long-term investors, staggered entries into index funds / diversified large-cap portfolios remain more sensible than chasing high-beta smallcaps at record prices.

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