Mumbai, Nov 28: Indian equity markets closed nearly flat on Friday after a day of range-bound and cautious trading ahead of the Q2 FY26 GDP announcement due later today. Mixed global cues and selective profit-booking kept investor sentiment restrained.
The Sensex ended at 85,706.67, down 13.71 points (0.02%), while the Nifty closed at 26,202.95, slipping 12.6 points (0.05%). Intraday, both benchmarks recovered from early losses and briefly turned positive, but gains were capped by selling in select heavyweight stocks.
Analysts noted that the Nifty continues to trade within a defined range, with strong support between 26,150–26,000 and resistance around 26,280–26,310. A move beyond this zone is expected to set the next directional trend.
Buying interest in Auto and Pharma stocks provided some support. Nifty Auto gained 0.62%, while Nifty Pharma increased 0.59%. On the other hand, IT, Realty, and Oil & Gas sectors ended slightly lower.
In the broader market, sentiment remained muted. The Nifty Midcap 100 slipped 0.11%, and the Nifty Smallcap 100 fell 0.27%, reflecting mild weakness beyond large caps.
Volatility stayed low, with India VIX near 11.79, indicating stable market conditions.
Experts said that easing US bond yields and steady domestic institutional inflows continue to support the market, though fluctuations in the rupee and intermittent profit-booking kept traders cautious.