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Nifty Slips Below 26,000 as Six-Day Run Ends, Support Seen Near 25,700

Corporate actions now set the tone for trade as the market consolidates.

Overview

  • Sensex fell 277.93 points to 84,673.02 and Nifty lost 103.40 points to 25,910.05 as the six-day rally paused.
  • Analysts flagged a key support zone at 25,800–25,700 with downside risk to about 25,650, and pointed to immediate resistance near 26,000–26,100 within a broader 25,400–26,300 band.
  • Realty, IT and metal led sector losses, while mid- and small-cap indices also declined on a weak breadth day.
  • Infosys opens its Rs 18,000 crore share buyback on Nov. 20, closing Nov. 26, to repurchase up to 10 crore shares at Rs 1,800 each.
  • HUL set Dec. 5 as the record date for the 1:1 share issue in its ice-cream demerger as the scheme becomes effective Dec. 1, while TCS secured a five-year NHS Supply Chain mandate covering core systems and cloud management; Azad Engineering signed agreements with Pratt & Whitney Canada for aircraft engine components.