Market View 27th November, 2025

View on market: Volatility persists, eagerly searching for growth:

US and European index futures moved slightly higher during Asian trading hours, reflecting continued optimism across global markets. Asian equities followed the positive tone from Wall Street, where major benchmarks extended their advance on hopes that the Federal Reserve will soon begin easing policy. Markets in Japan, South Korea, and Australia opened on a firm note, while Hong Kong futures remained largely steady. The recent rally in US government bonds paused after fresh labour data showed continued strength, keeping long-term yields stable. US stocks rose ahead of the Thanksgiving break, supported by gains in technology shares. In India, the Nifty index closed above a key level and moved close to its lifetime peak. It logged its strongest single-day performance in several months, with broader markets also rising for a second straight session. Analysts noted that the record high now appears within easy reach. Metal and energy shares led the advance, with major steel companies among the top performers. The Sensex also finished the day on a strong note.

Economic Calendar:

• USD: S&P Global Manufacturing PMI (Nov) on 01^st December 2025.
• IND: Quarterly GDP Data on 28^th November 2025.
• USD: S&P Global Services PMI (Nov) on 03^rd December 2025.
• IND: S&P Global Manufacturing PMI (Nov) on 01^st December 2025.

Brokerage Radar:

JEFFERIES ON AXIS BANK:

Target ₹1430 Recommendation Buy, Growth likely to stay higher than sector, NIMs likely to bottom in Q3; policy rate cuts can delay rebound, Asset quality is stabilizing, and credit costs can fall, Valuation can re-rate; stays among top picks.

KOTAK SECURITIES ON URBAN COMPANY:

Target ₹120 Recommendation Sell, Urban Company: Leading full-stack home services platform, India business: Largest of its kind with a large potential to increase scale, Other businesses are in scale-up phase; balance sheet healthy, Model a steady 17% NTV CAGR for the India consumer services business.

JEFFERIES ON PB FINTECH:

Target ₹2100 Recommendation Buy, Mgmt indicated that premium growth would continue to sustain around 30%, Despite recent GST changes, expect take rates to stay stable through initiatives like higher riders, protection attachment, duration & mix change, Premium growth & op. leverage will drive strong profits & cashflows.

JPMORGAN ON INDIA QUICK COMMERCE:

Battleground changing, Blinkit/Swiggy dial down subsidies and dial up marketing, Performance marketing pressure rising at Blinkit/Swiggy, Blinkit focus on marketing; Blinkit has spent more on marketing after spend bottomed out in Q1FY26, Swiggy has also shifted its focus to performance marketing but its spend has been more volatile.

International Markets:

U.S & Europe:

*As per 27^th November.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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