Market Closing: Sensex Zooms 1,023 Points, Nifty Above 26,200; SMIDs Shine

Market Closing: Sensex Zooms 1,023 Points, Nifty Above 26,200; SMIDs Shine

Stock Market Live Updates, Indian Share Market News Today: Indian equity benchmarks wrapped up Wednesday's session near record levels, buoyed by broad-based buying across sectors.

At the closing bell, the BSE Sensex jumped 1,022.5 points, or 1.21 per cent, to settle at 85,609.51, while the NSE Nifty50 climbed 320.5 points, or 1.24 per cent, to end at 26,205.3.

On the Sensex, the Bajaj twins, Reliance Industries, Sun Pharma and Tata Motors Passenger Vehicles figured among the top gainers, while Bharti Airtel and Asian Paints were the only stocks to close in the red.

Sectoral performance was uniformly positive, with all indices ending higher. The Nifty Metal index led the rally with a gain of 2.06 per cent, followed by Nifty Consumer Durables, which added 1.75 per cent, and Nifty Energy, up 1.74 per cent.

The broader market also mirrored the upbeat sentiment, with the Nifty Midcap 100 and Nifty Smallcap 100 indices advancing 1.27 per cent and 1.36 per cent, respectively.

Dr. Ravi Singh, Chief Research Officer from Master Capital Services Ltd., said: “The move beyond 26,000 reflects broad-based participation and not a narrow rally, reflecting an improving risk appetite across key sectors like banking, realty, metals, and energy. Banking stocks continue to be in favor and attract buying on the back of stable asset quality and steady credit growth. Realty and metals are drawing benefit from expectations of sustained demand and infrastructure activity. The overall sentiment remains positive till Nifty 50 is trading above the 25800-26000 level, even as some caution is visible at higher levels due to intermittent profit booking near 25250. Going ahead, the market is likely to stay volatile with an upward bias. Short-term corrections should be viewed as healthy and could present opportunities, provided the index continues to hold above crucial support zones.”

The 50-share Nifty gained over 316 points to rise to the 26,200 mark. Meanwhile, the BSE Sensex rallied over 1,035 points or 1.22% to hit a day's high of 85,722.75.

The BSE Sensex is now fewer than 300 points shy of its all-time high of 85,978, touched on September 27, 2024. The Nifty 50 is similarly close to its fresh peak, trailing its September 2024 record of 26,277 by under 150 points.

Shares of automobiles companies were in focus, trading higher by up to 2 per cent on the National Stock Exchange (NSE) in Wednesday's intra-day trade on the back of strong demand outlook. TVS Motor Company, Maruti Suzuki India, Ashok Leyland, Tata Motors Passenger Vehicles, Bharat Forge, Bajaj Auto, Bosch and Samvardhana Motherson International (SAMIL) were up in the range of 1 per cent to 2 per cent.

In its ‘India Strategy' report, PL Capital said, }NIFTY EEPS has seen an increase of 0.7/0.9/1.3% for FY26/27/28 with 13.8% CAGR over FY26-28. We value NIFTY at 15-year average PE of 19.2x with Sept27 EPS of 1515 and arrive at 12-month target of 29094 (28781 earlier at 19.2xSept27 EPS). We prefer Banks, NBFC, select Consumer Staples and Discretionary, Defense and Ports as key themes in 2026.”

The brokerage expects some pressure in labour-intensive sectors like textiles, apparel, gems and jewellery.

Shares of Larsen & Toubro (L&T) hit a new high of Rs 4,075.55, gaining 2 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes. The stock price of the civil construction major surpassed its previous high of Rs 4,062.50 touched on October 30, 2025.

L&T was trading 1.5 per cent higher at Rs 4,053.10, as compared to 0.89 per cent rise in the BSE Sensex. A combined 847,000 equity shares changed hands on the NSE and BSE.

In the past four months, L&T has outperformed the market by surging 18 per cent, as against 5.5 per cent rise in the benchmark index.

1 PM Update –

— Sensex was trading at 85,493.38, up 906.37 points or 1.07 per cent

— Nifty50 was trading at 26,170.60, up 285.80 points or 1.1 per cent

The 50-share Nifty gained over 250 points to rise the 26,150 mark. Meanwhile, the BSE Sensex rallied over 900 points or 1.06% to hit a day's high of 85,501.

Shares of Tata Motors Passenger Vehicles climbed 2.9% to an intraday high of Rs 362.80 on Wednesday, November 26, after the company unveiled the much-anticipated 2025 Sierra SUV in India.

At 12 noon, the Nifty50 was trading at 26,143.95, up 259.15 points or 1%, while the Sensex stood at 85,411.09, higher by 824.08 points or 0.97%.

Indian electronics contract manufacturer Zetwerk has hired a slate of banks and plans to file draft papers for its initial public offering in March 2026, a source with direct knowledge of the matter told Reuters on Tuesday. Kotak Mahindra Capital, Morgan Stanley, Avendus Capital, Goldman Sachs, JM Financial Services and HSBC have been mandated for the deal and are currently conducting valuation work, reports said.

Indian equity markets witnessed a strong bounce in early trade, taking positive cues from global markets. Benchmarks moved higher after three consecutive sessions of decline, offering some relief to investors and traders.

One of the key drivers behind today's rally is the strength in global markets. Asian indices traded firmly higher, while Wall Street ended on a positive note overnight. This improved global risk sentiment provided support to Indian equities and encouraged fresh buying at lower levels.

Another important positive trigger is renewed optimism around a possible interest rate cut by the U.S. Federal Reserve. Recent softer US economic data has strengthened expectations that the Fed could begin easing monetary policy in the coming months. Lower interest rates in the US generally improve liquidity conditions and increase the attractiveness of emerging markets such as India, prompting risk-on sentiment across equities.

The rally is also being supported by sector-specific buying, with gains seen across the board. Metal stocks and PSU banks are leading the move, supported by improving global commodity sentiment and selective value buying. Broader market participation indicates that the bounce is not limited to a single sector, lending strength to the overall market structure.

Overall, the combination of strong global cues, easing rate concerns, and broad-based buying has helped the market stabilize after recent weakness.

From a technical perspective, Nifty 50 has witnessed a rebound after testing lower levels around 20-SMA. The index is currently trading above its short-term moving averages (9-DMA and 20-DMA), indicating a short-term pullback rally. However, it is still hovering near a crucial resistance zone of 26,200–26,277, which coincides with the upper trendline and prior supply area. Sustaining above this level will be key for further upside toward 26,400–26,500 in the near term. On the downside, 25,800–25,750 remains an important immediate support, followed by a stronger base near 25,500, where the 50-day moving average is placed. Momentum indicators also supporting the trend Overall, the trend remains positive above key supports, but traders should adopt a buy-on-dips strategy until a decisive breakout above resistance confirms renewed strength.

-Pravesh Gour, Senior Technical Analyst at Swastika Investmart

Bank Nifty hits all-time high, jumps over 1% as RBI guv cites room for rate cut; PSU bank stocks lead gains

Shares of Vikram Solar Ltd. rose nearly 3 per cent on Wednesday after it announced the commissioning of the Vallam manufacturing facility in Tamil Nadu, helping add to the production capacity. The electrical equipment maker's stock rose as much as 2.9 per cent during the day to Rs 279.4 per share, the biggest intraday rise since November 20 this year.

The process of getting duplicate share certificates reissued could soon become considerably easier for investors, with the Securities and Exchange Board of India (Sebi) proposing major changes to documentation norms. In a consultation paper released this week, the regulator said it aims to reduce the paperwork burden and eliminate inconsistencies across listed companies and their registrars. Read more

Markets appear to be progressing towards a new high, with timing being the only uncertainty. Short-term moves often seem illogical, influenced more by technicals and futures-related positioning than fundamentals. Retail investors are better off avoiding trading and gradually accumulating fairly valued quality growth stocks, which typically rebound quickly. In such phases, investor psychology plays a crucial role.
– V K Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.

The listing price of Excelsoft Technologies was above the grey market estimates.

Gold climbed to a near two-week high on Wednesday, after U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December and weighed on the dollar.

Spot gold rose 0.7% to $4,160.12 per ounce, as of 0437 GMT, its highest since November 14. U.S. gold futures for December delivery were up 0.4% at $4,158.00 per ounce.

“Expectations are now being shaped more towards a December rate cut occurring … the case for which has been strengthened by a chorus of dovish remarks from Fed officials and benign economic data, which is boosting gold from a yield perspective,” said KCM Trade Chief Market Analyst Tim Waterer.

Among other metals, spot silver rose 1.1% to $51.96 per ounce, platinum was flat at $1,553.95, and palladium kept steady at $1,397.43.

Shares of AU Small Finance Ltd. rose nearly 2 per cent on Wednesday after it proposed to appoint N S Venkatesh and Satyajit Dwivedi as non-executive independent directors for a three-year term, and reappointed Malini Thadani for another three-year term

Benchmark indices Nifty and Sensex opened sharply higher on Wednesday, November 26, snapping a three-day losing streak as a strong surge in metal and PSU bank stocks lifted market sentiment.

Oil prices may be heading into a far rougher stretch over the next two years as JPMorgan analysts warned that Brent crude could plunge into the low $30-per-barrel range by the end of 2027 if current supply trends persist. Read more

Indian benchmarks opened higher on Wednesday, riding the global upbeat sentiment. The BSE Sensex was at 84,847, gaining 260 points or 0.31 per cent, while the Nifty50 was at 25,973, advancing 88 points or 0.34 per cent.

As many as 3.5 crore shares, or 0.6% equity, of Bharti Airtel Ltd., worth Rs 7,400 crore, changed hands at Rs 2,108 apiece in multiple block deals

Sujit Bangar, the founder of taxbuddy.com, explained in a LinkedIn post that mandatory structural changes under the revised labour codes would shift a larger share of formal-sector salaries into long-term savings instruments such as the Provident Fund (PF) and National Pension Scheme (NPS). Read more

Gold prices rose for the second day in a row on Tuesday to trade at a nearly two-week high, after new US economic data bolstered expectations of an interest rate cut by the US Federal Reserve in December and weighed on the US dollar.

On the MCX, gold rose by 0.49% to trade at Rs 1,25,842 per 10 grams for the December 5 contracts, whereas silver was trading higher by 0.96% to trade at Rs 1,57,821 per kg in the futures market, as of 9:35 am.

A high-powered committee under NITI Aayog recommended an ambitious redesign of India's regulatory machinery, proposing the removal of cumbersome licensing systems, unpredictable rule changes and discretionary inspections. Read more

Among the Sensex constituents, Tata Motors PV, Trent, Tata Steel, Adani Ports and Maruti Suzuki were the top gainers. Bharti Airtel and Bharat Electronics were the laggards.

All sectoral indices, barring the Nifty Chemicals, were trading higher post opening. The Nifty Metal index rose 1.3 per cent, followed by PSU Bank, Auto, Energy, Financial Services, Media, IT, and Realty.

NSE Nifty was up 71.75 points or 0.28 per cent at 25,956.55 levels.

Market breadth weakened sharply in November, with the advance-to-decline ratio—a key gauge of investor sentiment—falling below one to its lowest level in nine months

Stocks to watch: Shares of firms like Bharti Airtel, Tata Motors PV, HCL Tech, Asian Paints, NCC, and others will be in focus on Wednesday's trade

Infosys' Rs 18,000-crore share buyback has drawn tendering of more than 500 million shares, five times the offer size, as investors evaluate entitlements and tax treatment.

A decisive close below 25,838 level could mark a short-term trend reversal for Nifty from bullish to bearish, potentially paving the way for a decline towards the next support near 25,740.

Shares of Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, will debut today, November 26, on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

The mainboard space will remain silent with no activity, while in the SME space, SSMD Agrotech India Ltd. IPO will enter the second day and K K Silk Mills Ltd. and Mother Nutri Foods Ltd. IPOs will begin for bidding today.

On the listings front, shares of Gallard Steel Ltd. will debut in the SME segment, while Excelsoft Technologies Ltd. shares will list in the mainline segment.

Stock markets in Asia extended their gains for the third straight session amid hopes of a rate cut by the US Federal Reserve. All major Asian benchmarks were in the green, led by Japan's Nikkei and South Korea's Kospi, which are up nearly 2 per cent each.

Overnight, Wall Street closed with gains after weak consumer data lifted rate cut hopes next month. The S&P500 and the Nasdaq index were up 0.91 per cent and 0.67 per cent, respectively. Alphabet Inc. rose 1.53 per cent to a record close of $323.44 as it approached a $4 trillion market valuation, which would make it only the fourth company to reach that milestone.

Markets were volatile on monthly expiry day and ended marginally lower, extending the recent phase of profit-taking. Sentiment remained cautious amid persistent global headwinds, including mixed US economic data and ongoing geopolitical concerns that continued to weigh on risk appetite.

Source: News18
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