Equity benchmarks recorded new all-time highs on Wednesday morning, with the Nifty 50 surpassing its previous record of 26,277.35 after a 14-month interval. This surge was driven by expectations of interest rate cuts from the US Federal Reserve and robust institutional buying.
The Nifty 50 opened at 26,261.25, compared to the previous close of 26,205.30, and reached a record high of 26,295.55 in early trading. By 9:55 AM, the index was at 26,260.35, an increase of 55.05 points or 0.21%. The BSE Sensex opened at 85,745.05, compared to its previous close of 85,609.51, trading at 85,834.94, up by 225.43 points or 0.26%, after peaking at a 52-week high of 85,940.24.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, indicated that the market outlook has shifted to a bullish mode following a 320-point rally in the Nifty the previous day. He stated, “New all-time highs for Nifty and Sensex are only a question of time,” supported by anticipated earnings growth in Q3 and Q4 of FY26.
Foreign Institutional Investors (FIIs) continued their buying streak, acquiring equities worth ₹4,778 crore on November 26, while Domestic Institutional Investors contributed ₹6,247 crore during the same session. FII long futures positions increased by 3,342 contracts, reflecting a bullish sentiment.
Among the notable gainers on the Nifty 50, Bajaj Finance led with a 2.26% rise to ₹1,033.50. Shriram Finance followed with a 1.20% increase to ₹866.85, and Bajaj Finserv gained 1.19% to ₹2,110.00. Asian Paints rose by 1.13% to ₹2,906.40, while Larsen & Toubro increased by 1.08% to ₹4,106.00.
On the downside, Eternal led the decliners with a 1.21% fall to ₹303.15, followed by HDFC Life, which decreased 1.20% to ₹778.10. Eicher Motors fell by 0.97% to ₹7,128.50, ONGC declined 0.81% to ₹245.70, and SBI Life dropped 0.65% to ₹2,016.00.
The Bank Nifty remained a strong performer, surging to a new high of 59,554.95 and nearing the psychological 60,000 mark. Ponmudi R, CEO of Enrich Money, noted, “Bank Nifty remains the relative outperformer and continues to trade in the upper half of its rising channel,” suggesting it is well-positioned to test the critical 60,000 threshold.
The metals sector also outperformed, buoyed by positive cues from the Steel Secretary. JSW Steel led gains amid expectations of safeguard duties. In corporate updates, the Cabinet approved a ₹7,280 crore initiative to encourage domestic manufacturing of rare earth permanent magnets. Additionally, Mahindra & Mahindra launched the BE 6 Formula E Edition electric SUV, starting at ₹23.69 lakh.
Vijayakumar added, “Expectation of a rate cut by the Fed and a possible Russia-Ukraine peace accord have improved sentiments for equity markets globally.”
Global markets provided further support, with US indices continuing to gain for a second consecutive day. The Dow Jones rose by 314 points to 47,427.12, while the S&P 500 gained 46 points to 6,812.61, driven by dovish remarks from the Fed and lower Treasury yields.
In commodities, gold prices rose as the market priced in an increased likelihood of a Federal Reserve rate cut in December. Rahul Kalantri, VP of Commodities at Mehta Equities, stated, “The dollar index extended its decline, and benchmark U.S. 10-year yields slipped below the key 4.0% mark to a one-month low, boosting precious metal appeal.”
Crude oil prices rebounded from one-month lows as traders awaited global supply signals amid ongoing Russia-Ukraine peace negotiations, with Brent futures trading at $62.30 per barrel.
Published on November 27, 2025
