Nifty & Sensex Hit All-Time High After 14 Months; Extend Rally for 2nd Day

Market Update at 3:45 PM: Indian equity indices touched fresh all-time highs on Thursday, November 27, marking a new milestone after 14 months. The benchmarks briefly revisited levels last seen in September 2024 before giving up part of their Intraday gains due to profit-booking near peak levels. The move to record highs was supported mainly by strength in Banking and financial stocks, driven by expectations of a possible rate cut by the Reserve Bank of India, which typically boosts credit growth and profitability for lenders.

The Nifty 50 closed marginally higher by 10.25 points or 0.04 per cent at 26,215.55 after hitting an all-time high of 26,310.45. The Sensex ended up by 110.88 points or 0.13 per cent at 85,720.38, after touching its lifetime high of 86,055.86 in the session. India VIX, the market’s volatility indicator, remained stable throughout the day, reflecting steady sentiment.

Among the 11 sectoral indices, six closed in the green. Financial stocks led the gains, with Nifty Financial Services advancing 0.53 per cent. Bank Nifty and Nifty Private Bank indices added 0.35 per cent each, helped by the outlook for lower borrowing costs. Realty stocks, however, saw selling pressure.

Broader markets presented a mixed picture. The Nifty Midcap 100 ended marginally positive, while the Nifty Smallcap 100 closed lower, indicating selective investor participation across segments.

Market Update at 2:05 PM: Indian equity benchmark indices were trading higher on Thursday, supported by positive global cues. By 2 PM, the BSE Sensex was at 85,643.87, up 34 points or 0.04 per cent, while the NSE Nifty50 stood at 26,183, making fall of 20 points or 0.07 per cent. The Nifty50 also touched a high of 26,310.45 during the session and later traded in negative territory.

Broader market performance remained mixed. The Nifty MidCap index reversed earlier gains to trade flat, while the Nifty SmallCap index slipped 0.26 per cent. Sector-wise action was led by the Nifty Metal index, which gained 0.5 per cent, followed by the Nifty Auto index, up 0.35 per cent.

Banking stocks continued their upward momentum as the Nifty Bank index hit a new high of 59,802.65, rising 0.4 per cent. Movements across sectors and indices reflected steady investor sentiment amid global market strength and stable cues from international equities and currency markets, including USD trends.

Market Update at 12:05 PM: Indian equity benchmark indices climbed to new record levels on Thursday, supported by firm global sentiment. At 12 AM, the BSE Sensex touched an all-time high of 86,055.86 before trading at 85,822.27, marking an increase of 212 points or 0.25 per cent. The Nifty 50 also reached a record peak of 26,310.45 and was last seen at 26,250.10, up 54 points or 0.21 per cent.

Broader market performance was mixed, with the Nifty MidCap index giving up early gains to trade flat, while the Nifty SmallCap index slipped 0.26 per cent. Sector-wise, the Nifty Metal index emerged as the top performer with a 0.5 per cent rise, followed by the Nifty Auto index, which gained 0.35 per cent. The Nifty Bank index also hit a new milestone, touching 59,802.65, up 0.4 per cent.

Market sentiment remained supported by global strength, firm cues from international indices, and stable USD trends, contributing to broad-based optimism across segments.

Market Update at 9:50 AM: India's stock benchmarks, Nifty 50 and BSE Sensex, surged to record highs on Thursday, marking their strongest rally in 14 months. The gains were driven by expectations of an earnings recovery, cooling valuations, and a resilient economy supported by steady fiscal and monetary policies.

The Nifty rose as much as 0.32 per cent to an all-time high of 26,289.80 at the open, surpassing its previous peak of 26,277.35 touched in September 2024. Meanwhile, the Sensex gained 0.35 per cent, trading just below record high levels.

India’s economy, Asia’s third largest, is projected to have grown nearly 7 per cent in the July-September quarter. Analysts expect the economy to expand at 6.8 per cent in the current financial year ending March 2026.

Corporate earnings in India posted their strongest revival in over a year, with brokerages turning positive on profit growth. The broader consumption rebound is being driven by benign inflation, recent Tax cuts, and lower borrowing costs, further supporting investor sentiment.

With these gains, the Nifty 50 has joined most major global stock indexes in rallying to record highs, reflecting optimism around India’s economic resilience and corporate performance.

Pre-Market Update at 7:40 AM: Indian equity benchmark indices are expected to open higher on Thursday, November 27, supported by firm global cues. Trends on the GIFT Nifty indicated a positive start, with the index trading 51 points higher at 26,440 around 7:26 AM. Asian markets opened higher, mirroring gains in US indices as expectations for interest-rate cuts by the US Federal Reserve continued to strengthen.

Indian equities rebounded sharply on Wednesday after three consecutive sessions of losses. The Nifty climbed to 26,205, coming close to its record level and posting its strongest single-day rise in five months. Market sentiment remains supported by expectations of improved Q3 demand, higher capex activity and the possibility of rate cuts from both the RBI and the US Fed, which could help the indices move beyond previous highs.

Foreign Institutional Investors were net buyers on Wednesday, purchasing equities worth Rs 4,778.03 crore, while Domestic Institutional Investors added Rs 6,247.93 crore, marking their 24th straight session of inflows. The Sensex rose more than 1,000 points to close at 85,609.51, and the Nifty gained over 300 points to end at 26,205.30. 

Key contributors included HDFC Bank, Reliance Industries, ICICI Bank and Infosys. Sentiment improved due to expectations of a possible US Fed rate cut in December, optimism around a potential US–India trade agreement, strong FII inflows and a decline in crude oil prices triggered by reports of a revised Ukraine–Russia peace proposal.

All sectoral indices ended higher, with Nifty Metal rising over 2 per cent and Nifty Energy gaining 1.74 per cent. The Nifty Midcap and Small-Cap 100 indices registered gains of more than 1 per cent, marking their best single-day performance since early September.

US markets continued their upward momentum on Wednesday, supported by renewed buying in technology stocks and rising expectations of a December rate cut. The Dow closed at 47,427.12, gaining 314.67 points or 0.67 per cent. The S&P 500 settled at 6,812.61, up 46.73 points or 0.69 per cent, while the Nasdaq added 189.10 points or 0.82 per cent to close at 23,214.69.

The dollar index fell below 99.5, marking its fourth straight decline and touching its lowest level in nearly two weeks, driven by expectations of further monetary easing by the US Federal Reserve. Gold prices held steady after recently touching a one-week high, with spot gold trading at USD 4,149.73 per ounce, down 0.31 per cent, as markets evaluated the likelihood of a December US rate cut amid mixed Federal Reserve commentary.

Crude oil prices declined, with Brent futures slipping below USD 63 per barrel and WTI approaching USD 58 per barrel, partially reversing gains from the previous session. The decline came as investors awaited clarity on global supply conditions amid ongoing Russia–Ukraine peace discussions. A US presidential envoy is scheduled to visit Russia next week for talks, and any breakthrough could potentially ease sanctions on Russian crude, though analysts expect that even with an agreement, supply increases would take time.

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Disclaimer: The article is for informational purposes only and not investment advice.