Weekly Musings – Index Performance for week ended 28 Nov, 2025

5 Dec 2025 , 10:03 AM

FIIs were net sellers of equities worth INR 3,659.32 crore last week. The India VIX slipped to 11.62, indicating easing volatility. Indian indices closed the week on a mixed note, with strength in banking and IT but weakness in oil & gas and FMCG. Midcaps did better on a selective basis, but the smallcaps underperformed due to profit booking. Domestic institutional buying and firmer macro cues were a key positive amidst weak FII flows.

BSE SENSEX 30 INDEX – Another Positive Week

Weekly Performance: 0.56%

date	open	high	low	close
28 Nov, 2025	85791.5	85969.9	85577.8	85706.7
27 Nov, 2025	85745.0	86055.9	85473.9	85720.4
26 Nov, 2025	84503.4	85644.2	84478.1	85609.5
25 Nov, 2025	85008.9	85110.2	84536.7	84587.0
24 Nov, 2025	85320.0	85473.5	84710.1	84900.7
21 Nov, 2025	85347.4	85609.4	85187.8	85231.9

Source: BSE

The BSE Sensex 30 index rose 0.56% during the last week. Selling pressure select stocks weighed on sentiment, even as IT, Banking and Pharma stocks performed well. The index hit a high of 86055.9 and a low of 84478.1 during the week. It closed at 85706.7 on 28 Nov, recording a weekly gain of 474.8 pts.

NIFTY 50 INDEX – IT, Banking and Pharma Power the Index to Its Third Consecutive Weekly Gain

Weekly Performance: 0.52%

date	open	high	low	close
28 Nov, 2025	26237.5	26280.8	26172.4	26203.0
27 Nov, 2025	26261.2	26310.5	26141.9	26215.5
26 Nov, 2025	25843.0	26215.2	25843.0	26205.3
25 Nov, 2025	25998.5	26032.6	25857.5	25884.8
24 Nov, 2025	26122.8	26142.8	25912.2	25959.5
21 Nov, 2025	26109.5	26179.2	26052.2	26068.2

Source: NSE

The NIFTY 50 extended its winning streak for a third consecutive week, adding 0.52%. Strong buying in private banks and record highs in the Nifty Bank index drove the move, while robust performance in IT and Pharma stocks added support. Globally, mixed but reassuring macro data and easing inflation concerns helped offer stability. The index hit a high of 26310.4 and a low of 25843.0 during the week. It closed at 26203.0 on 28 Nov, recording a weekly gain of 134.8 pts.

NIFTY MIDCAP 100 INDEX – Midcaps Gain Amid Mixed Signals

Weekly Performance: 1.27%

date	open	high	low	close
28 Nov, 2025	61190.1	61208.3	60953.5	61043.2
27 Nov, 2025	61216.8	61229.8	60866.3	61113.2
26 Nov, 2025	60439.3	61098.8	60306.3	61061.7
25 Nov, 2025	60104.3	60358.9	59953.7	60298.0
24 Nov, 2025	60338.2	60445.1	59968.6	60081.6
21 Nov, 2025	60911.3	60918.1	60222.2	60276.3

Source: NSE

The NIFTY MIDCAP 100 was up 1.27%, outperforming large caps. The midcap index recovered after underperforming the large caps in the previous week. Strong rallies in select stocks were a key reason for the uptick. The index hit a high of 61229.8 and a low of 59953.7 during the week. It closed at 61043.2 on 28 Nov, recording a weekly gain of 766.9 pts.

NIFTY SMALLCAP 100 INDEX – Smaller Stocks Slip Again

Weekly Performance: -0.1%

date	open	high	low	close
28 Nov, 2025	17897.8	17905.2	17796.0	17829.2
27 Nov, 2025	18023.2	18029.0	17837.5	17876.8
26 Nov, 2025	17784.3	17977.7	17755.8	17971.8
25 Nov, 2025	17714.4	17767.8	17675.7	17730.3
24 Nov, 2025	17874.5	17885.7	17665.7	17696.5
21 Nov, 2025	18043.9	18045.5	17835.2	17847.5

Source: NSE

The NIFTY Smallcap 100 fell 0.1% as investors continued to prefer large caps. Late-week profit-booking despite a mid-week rally led the index to close in the red. The index hit a high of 18045.4 and a low of 17665.6 during the week. It closed at 17829.2 on 28 Nov, recording a weekly loss of -18.2 pts.

NIFTY BANK INDEX – Banking Stocks Remain Near All-Time Highs

Weekly Performance: 1.5%

date	open	high	low	close
28 Nov, 2025	59758.7	59897.5	59598.9	59752.7
27 Nov, 2025	59605.3	59866.6	59523.0	59737.3
26 Nov, 2025	58783.1	59554.9	58783.1	59528.1
25 Nov, 2025	58925.6	59166.1	58746.2	58820.3
24 Nov, 2025	58996.9	59309.9	58649.5	58835.4
21 Nov, 2025	59116.7	59232.1	58823.6	58867.7

Source: NSE

The NIFTY BANK index delivered a weekly gain of 1.5% to close near record highs around 59,750 after testing the 59,900 zone. PSU banks and private lenders drove the rally, absorbing intermittent profit-booking. The index hit a high of 59897.5 and a low of 58649.5 during the week. It closed at 59752.7 on 28 Nov, recording a weekly gain of 885.0 pts.

NIFTY IT INDEX – Heavyweights Lead IT Rally

Weekly Performance: 1.41%

date	open	high	low	close
28 Nov, 2025	37488.5	37554.6	37323.4	37405.5
27 Nov, 2025	37487.6	37668.6	37208.2	37446.3
26 Nov, 2025	36881.9	37407.0	36881.1	37364.6
25 Nov, 2025	37112.1	37124.6	36727.4	36826.9
24 Nov, 2025	37084.6	37554.4	36951.8	37037.9
21 Nov, 2025	36930.2	37096.2	36761.6	36885.4

Source: NSE

The NIFTY IT index rose 1.41%, driven by steady gains in heavyweights Infosys and TCS on stable export demand and deal wins. Optimism over deal flows kept IT gains strong for another week. The index hit a high of 37668.6 and a low of 36727.4 during the week. It closed at 37405.5 on 28 Nov, recording a weekly gain of 520.1 pts.

NIFTY OIL & GAS INDEX – Energy Shares Slip Amid Mixed Market Signals

Weekly Performance: -0.9%

date	open	high	low	close
28 Nov, 2025	12082.5	12096.3	12027.0	12034.4
27 Nov, 2025	12234.9	12244.3	12059.9	12118.2
26 Nov, 2025	12015.4	12217.0	12012.7	12207.8
25 Nov, 2025	12027.9	12070.5	11968.0	12001.3
24 Nov, 2025	12146.6	12165.1	12022.2	12041.6
21 Nov, 2025	12167.1	12228.9	12123.4	12144.0

Source: NSE

The NIFTY OIL & GAS index fell 0.9%, underperforming even as the broader market stayed near highs. Profit-booking in heavyweights like ONGC kept the index in check. The index hit a high of 12244.3 and a low of 11968.0 during the week. It closed at 12034.4 on 28 Nov, recording a weekly loss of -109.6 pts.

NIFTY FMCG INDEX – Valuations and Lack of Acceleration Keep Gains In Check

Weekly Performance: 0.16%

date	open	high	low	close
28 Nov, 2025	55475.6	55638.8	55443.8	55595.8
27 Nov, 2025	55526.4	55638.5	55264.9	55470.6
26 Nov, 2025	54952.9	55477.9	54952.9	55442.6
25 Nov, 2025	55135.2	55258.6	54850.4	55052.1
24 Nov, 2025	55630.9	55636.9	55080.4	55138.1
21 Nov, 2025	55394.9	55605.1	55240.6	55504.7

Source: NSE

The Nifty FMCG index edged up 0.16%, but sentiment stayed subdued. Mixed earnings and rich valuations kept the index under pressure, leaving the sector largely rangebound. The index hit a high of 55638.8 and a low of 54850.4 during the week. It closed at 55595.8 on 28 Nov, recording a weekly gain of 91.1 pts.