Stock Market Closing: Sensex Rises 111 Points, Nifty At 26,216; IT, Pvt Bank Shares Gain

Stock Market Closing: Sensex Rises 111 Points, Nifty At 26,216; IT, Pvt Bank Shares Gain

Stock Market Live Updates, Indian Share Market News Today: After a muted start, Indian equity markets gathered strength on Thursday, with the Nifty 50 scaling a fresh record high.

At 11 AM, after hitting a record high of 86,055.86, the BSE Sensex was quoting at 85,984.88, up 375.37 points or 0.44 per cent. The NSE Nifty50 reached a high of 26,310.45 and was trading at 26,296.90, up 91.60 points or 0.35 percent.

Broader markets showed a mixed-to-positive trend, with the Nifty Midcap advancing 0.16 per cent, while the Nifty Smallcap added 0.07 per cent.

On the sectoral front, the Nifty Metal index led the gains on the NSE, rising 0.5 per cent, followed by the Nifty Auto index, which was up 0.35 per cent.

The Nifty Bank index also touched a fresh lifetime high of 59,802.65, gaining 0.4 per cent during the session.

Global Cues

Across Asian markets, equity benchmarks were trading firmly in the green, led by gains in Japan's Nikkei and South Korea's Kospi. According to Bloomberg, global equities are close to wiping out their losses for November, with the MSCI All Country World Index rising for a fifth consecutive session.

Overnight, Wall Street extended its winning streak as optimism around potential interest rate cuts continued to fuel buying interest. The S&P 500 advanced 0.69 per cent, while the technology-heavy Nasdaq gained 0.82 per cent.

Back home, a key development emerged from the foreign exchange market, with the International Monetary Fund reclassifying the rupee's exchange rate regime from ‘floating' to ‘crawl-like', citing a moderation in the central bank's forex interventions in recent times. A crawl-like arrangement refers to small, gradual adjustments in the currency to reflect inflation differentials between a country and its trading partners.

A sustained 15-minute close above 26,277 could trigger fresh upward momentum towards the 26,350–26,500 zone, with a potential short-term extension towards 27,000, said Ponmudi R, CEO of Enrich Money. “On the downside, immediate support is seen at 26,100–26,000, while a stronger safety buffer lies around 25,850 in the event of a sharper pullback. Momentum indicators remain supportive,” he added.

Shares of Kaynes Technology slipped 4 percent in intra-day trade on Thursday to hit a three-month low of Rs 5,551.20 on the Bombay Stock Exchange, as concerns over growth weighed on investor sentiment.

The industrial products company's stock fell to its lowest level since July 25, 2025. The share price has now declined 28 percent from its recent peak of Rs 7,705, which it had touched on October 7, 2025.

Kaynes Technology had earlier scaled a 52-week high of Rs 7,824.95 on January 1, 2025, while its 52-week low stands at Rs 3,835, recorded on February 11, 2025.

Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI) and Bank of Maharashtra (BOM) could be merged with big banks such as Punjab National Bank (PNB), Bank of Baroda (BoB) and State Bank of India (SBI).

Kotak Mahindra Bank's 15% stake in the exchange is now valued at Rs 7,887.27 cr, translating into a return of 1,618% over the past 11 years

India's macroeconomic environment remains steady, supported by easing inflation, firm domestic demand and sustained policy momentum, the finance ministry said in its ‘Monthly Economic Review for October 2025‘ released on November 27. The report said improving consumption trends, healthy corporate balance sheets and strong participation in domestic financial markets continue to underpin economic activity.

“The overall macroeconomic environment remains stable, supported by easing inflation, resilient domestic demand, and continued policy momentum,” the report said, adding that the favourable effects of GST rationalisation are now increasingly visible in consumption-related indicators.

Stock Market Live Updates: Bank of Baroda witnessed a sharp spike in trading activity after 2.63 million shares changed hands in a large block trade, according to Bloomberg. The sudden surge in volumes drew strong market attention even as the stock traded mildly lower.

Stock Market Live Updates: Shares of Samvardhana Motherson International moved higher on Thursday after a large block trade hit the exchanges, signalling strong institutional interest in the auto components company. According to Bloomberg, about 1.74 million shares were traded in the block deal, drawing sharp attention from market participants.

Stock Market Live Updates: Bharat Heavy Electricals Ltd. (BHEL) climbed to a new 52-week high on Thursday, extending its strong upward momentum in the engineering and capital goods space.

Stock Market LIVE Updates: Patel Engineering Ltd. saw strong buying interest in Thursday's session, with the stock surging as much as 16.40% to hit an intraday high of Rs 38.60 on November 27, 2025. The sharp rally came after the construction and engineering company announced it had received two Letters of Intent (LoIs) from Saidax Engineers and Infrastructures Pvt. Ltd.

Stock Market Live Updates: Paytm's parent company, One 97 Communications Ltd., received a major regulatory boost after the Reserve Bank of India (RBI) granted the final authorisation for the company to operate as a payment aggregator (PA). The approval allows Paytm to resume unrestricted merchant onboarding, marking a significant turnaround after months of operational curbs.

Shares of Paytm's parent company, One 97 Communications, rose around 2 per cent in early trading on Thursday

The surge in Bank Nifty coincided with a broader market rally, with both the NSE Nifty and the BSE Sensex touching fresh lifetime highs

The allotment of the Sudeep Pharma IPO has been finalised. Now, all eyes are on its listing, which will take place tomorrow, November 28, on both the BSE and the NSE. According to market observers, its grey market premium (GMP) has fallen by 7.2% to Rs 90 (or nearly 15% premium over the issue price) on Thursday, compared with Rs 97 recorded on Wednesday.

Investors can check the allotment status on the websites of BSE, the NSE, as well as on the portal of registrar MUFG Intime India Pvt Ltd.

Shares of commercial vehicle leader Ashok Leyland were trading higher on the bourses on Thursday, November 27, after the company announced that its board had approved a merger scheme. The company's stock price rose 5 per cent to record a fresh 52-week high.

Indian equity benchmarks scaled fresh record highs after a 14-month gap on Thursday, driven by rising optimism over an earnings recovery, easing valuations, and continued support from stable fiscal and monetary policies.

The Nifty 50 climbed as much as 0.32 per cent to touch a new all-time high of 26,289.80 in early trade, surpassing its previous peak of 26,277.35 recorded in September 2024. The BSE Sensex also advanced 0.35 per cent, trading just short of its lifetime high.

India, Asia's third-largest economy, is estimated to have grown close to 7 per cent in the July–September quarter and is expected to expand by around 6.8 per cent in the current financial year ending March 2026, reinforcing confidence in the domestic growth outlook.

“Early signs of an earnings recovery in the September quarter and expectations of further improvement in the second half of FY26 have created a constructive market view,” said Amit Premchandani, fund manager at UTI Mutual Fund.

Corporate earnings have shown their strongest revival in over a year, prompting brokerages to turn more optimistic on profit growth. Analysts expect a broader consumption-led recovery, aided by subdued inflation, recent tax relief measures and softer borrowing costs. These factors are helping improve market sentiment and encouraging fresh risk-taking among investors.

The rally also comes at a time when valuations, after a period of consolidation, appear more comfortable, giving further room for upside as earnings visibility improves. Together, these drivers have helped Indian equities regain momentum and push benchmarks back into uncharted territory.

Broad sectoral sentiment appeared moderately positive, with most groups showing steady strength despite pockets of consolidation. Defensives, technology, and manufacturing leaned constructive, while energy, consumer durables, and public sector banking displayed mild softness. Overall, the market reflected balanced participation, improving risk appetite, and a cautiously optimistic tone across major thematic segments.

BSE Sensex index is trading at 85,924, rising 315 points or 0.37 per cent. The index's is close to surpassing its previous record high of 85978.25.

The Nifty scaled a fresh all-time high after a gap of 287 trading sessions, surpassing its previous record set on September 27, 2024. Earlier, the broader index had touched a record intra-day high of 26,277 on the same day, while its all-time closing peak stood at nearly 26,215.

The NSE Nifty50 settled the pre-opening session at 26,261.25, higher by 55.95 points or 0.21 per cent.

Indian Rupee opens 6 paise stronger at 89.21/$ vs Wednesday's close of 89.27/$

Shares of Aryavan Enterprise, Meera Industries, Nile, Thyrocare Technologies and Unison Metals are expected to remain in focus on Thursday as they approach their respective corporate actions, which will turn ex-date on Friday, November 28, 2025.

These corporate actions include the declaration of interim dividends, a bonus share issue, and a stock split, drawing investor attention to the counters ahead of the record date.

Stocks to watch: Shares of firms like Paytm, Asian Paints, Wipro, Bajaj Auto, Axis Bank, M&M, and others will be in focus on Thursday's trade

India's Motilal Oswal Alternate Investment Advisors Pvt Ltd has filed an application with the Securities and Exchange Board of India to raise up to 30 billion rupees ($336 million) for its first private credit fund.

The Nifty index is 70 away from its record high, while the 30-stock Sensex is 368 points away.

Equity indices in Asian, meanwhile, were trading higher, with gains led by Japan's Nikkei and South Korea's Kospi. Global equities were close to erasing their November losses, according to Bloomberg, with the MSCI All Country World Index rising for a fifth straight session.

Overnight, Wall Street extended their gains as rate cut expectations continued to drive markets higher. The S&P 500 index and tech-heavy Nasdaq closed higher by 0.69 per cent and 0.82 per cent, respectively.

Market Recap

Markets opened sharply higher on the first day of the new expiry and gained over a percent, fully engulfing the recent decline. The rally was supported by a mix of domestic and global cues. From a technical standpoint, analysts said the Nifty has completely retraced the past three days of declines and is again approaching its record high.

Source: News18
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