The domestic benchmark indices, Nifty 50 and BSE Sensex, reported modest gains during the afternoon session, buoyed by investor optimism following a US Federal Reserve rate cut and inflows from foreign investors.
Prashanth Tapse, Senior Vice President of Research at Mehta Equities Ltd., noted that the rally was bolstered by sturdy domestic inflows, an improved global risk appetite, and renewed positivity surrounding Q3FY26 earnings. “While the undertone remains constructive, we expect only a measured upside from current levels, likely limited to a few percentage points in the near term,” he stated.
At 12:43 PM, the Sensex was up by 217.91 points, or 0.25 percent, standing at 85,827.42 after reaching a record high of 86,055.86 earlier in the session. The Nifty 50 increased by 38.95 points, or 0.15 percent, to 26,244.25, hitting an all-time high of 26,310.45.
The previous lifetime high for the BSE Sensex was 85,978.25, while the Nifty had previously hit an intra-day high of 26,277, both recorded on September 27, 2024. Shrikant Chouhan, Head of Equity Research at Kotak Securities, remarked that the new peak for the Nifty reflects the results of steady earnings and investor confidence.
Broad-based buying was observed across various sectors, including financials and banking, contributing to the upward momentum. However, several sectoral indices faced profit-taking, particularly in oil & gas, PSU banks, consumer durables, real estate, and the automotive sector, which moved into negative territory.
Bank Nifty also achieved a record high of 59,866.60 during the session, with top performers including ICICI Bank, Kotak Mahindra, HDFC Bank, and Canara Bank.
Midcap and smallcap indices, however, saw declines of 0.13 percent and 0.54 percent, respectively.
In terms of individual stocks, at the time of reporting, Bajaj Finance, Hindustan Unilever, Shriram Finance, Larsen & Toubro, and Bajaj Finserv were the leading gainers in the Nifty 50, while Eicher Motors, Eternal, ONGC, Adani Enterprises, and Bajaj Auto experienced the most significant declines.
Out of the 3,045 stocks traded on the National Stock Exchange at 12:34 PM, market breadth was nearly balanced, with 1,427 stocks advancing and 1,503 declining, while 115 remained unchanged. A total of 63 stocks, including Ashok Leyland, Axis Bank, Hero Motocorp, MCX, and BHEL, reached their 52-week highs, whereas 55 stocks fell to their 52-week lows. Additionally, 84 stocks hit their upper circuit limits, compared to 30 stocks that were locked in the lower circuit.
In the midcap space, Ashok Leyland, M&M Financial, Coromandel, SRF, and Godfrey Phillips surged by 1-6 percent. On the other hand, Motilal OFS, Indian Bank, Waaree Energies, and Alkem faced declines of 1.5-3 percent.
In the smallcap segment, stocks such as Tejas Networks, Gillette, Reliance Power, IKS, and Laurus Labs rose between 2-6 percent, while Whirlpool fell by over 11 percent. Other notable losers included Natco Pharma, Kaynes Tech, Radico, and Five-Star Business, which declined by 2-5 percent.
Tapse warned investors to be cautious of over-enthusiasm or “FOMO buying,” as the market rally appears narrow, with many midcap and small-cap stocks, including several sector leaders, remaining in a corrective or fragile state despite the headline indices reaching all-time highs.
Published on November 27, 2025.
