In a volatile trading session on November 25, benchmark indexes Sensex and Nifty lost their gains for the day and ended the day in the red. The Nifty was down 74.7 points at 25,884.80, and the Sensex was down 313.70 points at 84,587.01. Approximately 1,972 shares fell, 2,022 shares increased, and 149 shares remained constant. The Nifty lost the 25,900 level, while the Sensex dropped 500 points from the day’s high.
Due to the monthly Nifty F&O expiry on November 25, there was volatility. According to analysts who spoke to Reuters, markets are expected to stay quiet this session ahead of the monthly derivatives expiration, with the focus being on whether foreign investors choose to reduce or roll over their short holdings.
Investors will also be watching the US inflation report, which is due on Wednesday and may offer clues regarding the Federal Reserve’s plan to decrease interest rates early next month.
As expectations increased that the Federal Reserve would lower interest rates in December, Asian share markets moved higher on Tuesday. Meanwhile, investors poured money into global technology equities, dismissing worries that the industry was getting too hot.
On November 24, FII sales persisted for a second day. The resurgence of large FII selling, which reached Rs 4,171 crore in the cash market yesterday, is a major obstacle to Nifty’s bid to shatter the 2024 September high and set a new record.
