The Nifty continued to demonstrate strong resilience, refusing to slip below the 26,000 mark and holding firm near 26,100 despite broader market weakness. After touching a record high of 26,248, the index is on track for a powerful weekly close – signalling optimism and the possibility of more upside ahead. Meanwhile, global cues remain soft with the Nasdaq correcting 8.5% over the past two weeks due to heavy profit-booking in frothy asset classes including Bitcoin and AI-driven tech stocks. Back home, the market breadth favours bears, yet autos have emerged as standout gainers ahead of November sales data. Strong moves were seen in M&M, Maruti, Escorts and Hero MotoCorp, while PSU banks such as SBI and Indian Bank continue to scale fresh highs. Despite mild profit-booking, sentiment remains upbeat as traders eye potential trade-deal announcements and the possibility of a Santa-rally in December.
