Did Sensex and Nifty Recover from Early Losses Ahead of Key Q2 GDP Data Release?
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Synopsis
Today, Mumbai's financial markets saw a turnaround as the Sensex and Nifty recovered from early dips, driven by strategic buying ahead of the vital Q2FY26 GDP data. While heavyweight stocks led the way, some sectors faced challenges. Stay informed as we explore these market movements.
Key Takeaways
- Sensex rose by 101 points to 85,821.
- Nifty increased by 35 points to 26,251.
- Positive movement driven by buying on dips.
- Resistance for Nifty is at 26,300–26,350.
- Sector performance was mixed with some gains and declines.
Mumbai, Nov 28 (NationPress) The benchmark indices Sensex and Nifty shifted into positive territory on Friday after bouncing back from initial declines, buoyed by buying on dips in anticipation of the crucial Q2FY26 GDP data set to be unveiled later today.
The Sensex gained 101 points to reach 85,821, marking a 0.12 percent increase, while the Nifty rose by 35 points to 26,251, representing a 0.14 percent uptick.
Analysts noted, "The Nifty is likely to remain within a defined range, with immediate resistance in the 26,300–26,350 zone and support around 26,050–26,100; dips towards this support area may present new buying opportunities."
Significant purchases in key stocks such as Mahindra & Mahindra, Tech Mahindra, Titan, SBI, Maruti Suzuki, Hindustan Unilever, Tata Motors PV, and Sun Pharma enabled the market to recover from its earlier losses.
However, overall gains were constrained by declines in Asian Paints, Power Grid, Adani Ports, Axis Bank, Infosys, Eternal, HDFC Bank, and Tata Steel.
This market movement follows a day when both indices reached new all-time highs in intraday trading on Thursday, with the Sensex surpassing 86,000 for the first time and the Nifty crossing 26,300.
In the broader market, sentiment remained subdued with the Nifty MidCap index declining by 0.16 percent, while the Nifty SmallCap index fell by 0.36 percent.
In sector performance, the Nifty Auto index led the gains with a 0.5 percent increase, followed by Nifty FMCG which rose by 0.16 percent and Nifty Metal which increased by 0.13 percent. Conversely, the Nifty Private Bank index saw a 0.15 percent decline, slightly affecting overall market momentum.
Point of View
It's crucial to observe how the financial markets react to data releases. The recovery of the Sensex and Nifty today reflects investor confidence, but we must remain cautious given the mixed performance across sectors. It's essential to stay informed as these dynamics evolve.
NationPress
28/11/2025
Frequently Asked Questions
What caused the Sensex and Nifty to turn positive?
The indices turned positive due to strategic buying on dips ahead of the key Q2FY26 GDP data release.
Which sectors saw gains today?
The Nifty Auto, FMCG, and Metal sectors experienced gains, with the Nifty Auto leading with a 0.5 percent rise.
What is the support level for Nifty?
The support level for the Nifty is noted to be around 26,050–26,100.
How did heavyweight stocks perform?
Heavyweight stocks like Mahindra & Mahindra and Tech Mahindra saw strong buying, contributing to the market's recovery.
What is the current market sentiment?
The overall market sentiment remains weak, particularly in the Nifty MidCap and SmallCap indices.
