Indian equities may witness another week of volatility from November 24 to 28, as investors track global risk sentiment, key macroeconomic releases and foreign fund flows amid renewed uncertainty over US monetary policy.
Markets ended last week on a weak note, with the Nifty retreating after failing to surpass its all-time high of 26,277. A global selloff triggered by inconclusive US employment data and fading hopes of a near-term rate cut weighed heavily on sentiment.
Stock Market Weekly Forecast From 24 to 28 November 2025
“Overall, we expect markets to remain firm next week supported by buying on dips, improving demand outlook in Q3 and resilient flows. Any progress on the India-US trade talks would be a key short-term catalyst for the markets,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Broader indices are expected to remain subdued after underperforming last week, when the Nifty Midcap100 and Smallcap100 fell nearly 1% each. Sectoral trends may stay mixed, with metals, realty and PSU banks likely to remain under pressure following their sharp declines, while FMCG and select auto names could find support from defensive buying. IT stocks may also remain vulnerable after weakness in US tech shares overshadowed Nvidia’s strong quarterly results.
Key Factors To Drive Stock Market Sentiment This Week
Global factors will continue to dominate sentiment. The US labour market update, distorted by a 43-day government shutdown, has postponed the October jobs report, with payroll data now expected in the upcoming November release. The lack of clarity has kept investors unsure about the Federal Reserve’s near-term policy path.
Rupee Weakness Adds Macro Concerns
Meanwhile, the Indian rupee’s slide to a fresh record low of 88.83 against the US dollar has added to macro concerns.
FII Selling Continues
Foreign Institutional Investors (FIIs) remain net sellers so far in November, pulling out Rs 3,788 crore, taking total outflows for 2025 to Rs 1,43,698 crore. Selling intensified last week, with Rs 1,766 crore exiting on Friday alone.
“For the week ending November 17-21, FIIs displayed a mixed stance, engaging in modest buying early in the week but ultimately closing as net sellers, driven largely by aggressive selling on Friday. In contrast, DIIs once again acted as a stabilising counterforce,” said Puneet Singhania, Director, Master Trust Group.
Q2 FY26 GDP Data
A major domestic event this week will be the release of Q2 FY26 GDP data on November 28, with the National Statistics Office set to provide updated insights on growth momentum.
India-US Trade Deal Expectations
Investors will also watch closely for any concrete announcements on the proposed India-US trade deal, after Commerce Minister Piyush Goyal hinted last week that “good news” may be on the way. The agreement aims to boost bilateral trade from $191 billion to $500 billion by 2030.
Nifty Prediction This Week: How Nifty50 Will Trade from November 24 to 28
On the technical front, the Nifty ended the second consecutive week on a strong note, gaining 0.61% and reaching a 14-month high. The index continues to trade comfortably above the 21-day and 55-day EMAs, reaffirming strength in the ongoing uptrend. Resistance is placed around 26,300, and a decisive breakout above this level could trigger a rally toward 26,550.
On the downside, support is seen between 25,750 and 26,000 near the 21-day EMA, suggesting limited downside risk and reinforcing the buy-on-dips strategy for a positive medium-term outlook.
Bank Nifty Weekly Outlook
Bank Nifty also extended its winning streak for the fourth consecutive week and achieved a new all-time high at 59,440 before witnessing mild profit-booking toward the close. The index remains above the previous breakout zone of 58,500 and continues to trade above the 21-day and 55-day EMAs, highlighting strong upward momentum. The weekly MACD remains positive, reinforcing the bullish trend.
Immediate support lies at 58,500, with a stronger weekly base near 58,000. On the upside, resistance is positioned around 59,300, and a decisive move above this zone could pave the way toward 59,800. Overall, the structure of Bank Nifty also remains bullish, favouring a continued buy-on-dips approach.