In the week ended on Friday, 28 November 2025, the S&P BSE Sensex advanced 474.75 points or 0.56% to settle at 85,706.67. The Nifty 50 index added 134.80 points or 0.52% to settle at 26,202.95. The BSE Mid-Cap index jumped 1.19% to close at 47,211.40. The BSE Small-Cap added 0.08% to end at 52,053.71.

Weekly Index Movement:

The domestic equity benchmarks slipped for a second straight session on Monday as profit booking and caution ahead of the US Fed’s December policy outlook kept sentiment muted. The S&P BSE Sensex tumbled 331.21 points or 0.39% to 84,900.71. The Nifty 50 index fell 108.65 points or 0.42% to 25,959.50. In two consecutive trading sessions, the Sensex fell 0.85% while the Nifty lost 0.89%.

The domestic market slipped for a third consecutive session on Tuesday, closing with moderate losses after a volatile day shaped by monthly derivatives expiry. A softer rupee and persistent FII selling kept investors on edge, while traders stayed cautious ahead of the upcoming FOMC meeting and uncertainty surrounding the interim US-India trade agreement. The S&P BSE Sensex, tumbled 313.70 points or 0.37% to 84,587.01. The Nifty 50 index fell 74.70 points or 0.29% to 25,884.80. In three consecutive trading sessions, the Sensex dropped 1.22% while the Nifty fell 1.17%.

The domestic equity benchmarks ended with robust gains on Wednesday, snapping a three-day losing streak. Sentiment improved as hopes of a US Federal Reserve rate cut strengthened. The S&P BSE Sensex surged 1,022.50 points or 1.21% to 85,609.51. The Nifty 50 index jumped 320.50 points or 1.24% to 26,205.30. In the past three consecutive trading sessions, the Sensex dropped 1.22% while the Nifty fell 1.17%.

The key equity indices ended with modest gains on Thursday, extending their advance for a second straight session. The Sensex and Nifty touched fresh record highs during the day before easing off toward the close. The S&P BSE Sensex jumped 110.87 points or 0.13% to 85,720.38. The Nifty 50 index rose 10.25 points or 0.04% to 26,215.55.

The Nifty 50 and the Sensex hit fresh all-time highs in morning trade at 26,310.45 and 86,055.86, respectively, while the Bank Nifty also scaled a new record high of 59,866.60.

The key equity barometers ended with small cuts on Friday, snapping a two-day winning run, as profit booking at higher levels and caution ahead of the Q2 GDP data release dampened sentiment, while mixed global cues provided limited support. The barometer index, the S&P BSE Sensex, declined 13.71 points or 0.02% to 85,706.67. The Nifty 50 index lost 12.60 points or 0.05% to 26,202.95.

Economy:

The International Monetary Fund (IMF) said India’s economy is expected to grow 6.6% in 2025-26, noting that strong GST reforms should help soften the impact of recent US tariff hikes. It highlighted that growth remained solid, with real GDP rising 7.8% in the first quarter after expanding 6.5% in 2024-25. The Fund added that India’s goal of becoming an advanced economy will depend on pushing forward broader structural reforms to lift long-term growth potential.

Stocks in Spotlight:

Lemon Tree Hotels jumped 2.99%. The company announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Bhopal, Madhya Pradesh, aimed at catering to both business and leisure travelers.

Lupin added 2.6%. The pharma major said the U.S. Food and Drug Administration (FDA) conducted an inspection at its Goa manufacturing facility from 10 November to 21 November 2025.

HCL Technologies rose 0.98%. The company announced the expansion of its collaboration with SAP to advance physical AI solutions that integrate intelligence into real-world operations across industries.

Refex Industries rallied 6.61% after the company received an order from Large Business Conglomerate for excavation, loading and transportation of pond ash/bottom ash. The said order is valued at Rs 100 crore and is expected to be completed within 4 months.

Glenmark Pharmaceuticals rallied 5.63%. The U.S. FDA issued a positive establishment inspection report (EIR) with voluntary action indicated (VAI) status for its formulations manufacturing facility in Monroe, North Carolina.

Paras Defence and Space Technologies shed 0.26%. The company signed a licensing agreement for transfer of technology with the Defence Research & Development Organisation (DRDO), under the Ministry of Defence, Government of India.

Global Market:

Headline inflation in Japan’s capital eased to 2.7% in October from 2.8% the month before. Core inflation, which strips out prices of fresh food but includes energy prices, came in at 2.8%, slightly higher than the widely reported 2.7% figure. This was above the central bank’s 2% target, boosting the case for a near-term rate hike.

The Bank of Korea kept its benchmark interest rate unchanged at 2.5% for a fourth consecutive policy meeting, amid a weakened local currency and overheated housing market.

China’s industrial profits in October plunged 5.5% from a year earlier, government data showed Thursday. Profits for the first 10 months of the year rose 1.9% year-on-year, compared to the 3.2% rise in the January-to-September period.

In Australia, the consumer price index rose 3.8% year-on-year in October, the fastest pace since adopting a new headline inflation measure in April, according to the official release. The largest contributor to the elevated inflation was the housing sector, which saw prices rise 5.9%.

In the US, the September wholesale inflation rose by 0.3%, keeping the annual level at 2.7%, according to the Bureau of Labor Statistics. Retail sales rose 0.2% in September, but after factoring in the 0.3% increase in prices that month, spending was actually down 0.1%.

The core producer price index (PPI) rose just 0.1% in September, which brought the annual rate to 2.6%, the lowest since July 2024. The consumer confidence declined sharply in November to a reading of 88.7, the lowest level since April.