The Indian equity markets staged a sharp upmove in today’s trading session, November 26, driven by firm global cues and broad-based buying across sectors. The benchmarks gathered strength in noon trade and sustained the momentum till the closing bell. The Sensex wrapped up the session at 85,609.51, higher by 1,022.50 points or 1.21%, while the Nifty settled at 26,205.30, gaining 320 points or 1.24%.
Let’s take a look at the key highlights of today’s trade
Broader markets join the upside
The rally was not limited to the frontline indices. The broader market also participated strongly. Both the Nifty Midcap and Nifty Smallcap indices closed about 1% higher, extending their recent recovery trend. Market breadth stayed comfortably positive throughout the day, indicating buying interest across several pockets.
Banks, Metals and Oil & Gas lead sectoral strength
Sector-wise, buying was visible across all major indices. The Nifty Metal index emerged as the top gainer, rising nearly 2%. Other sectors such as media, private banking, public sector units (PSUs), realty, consumer durables, power, and oil & gas also ended in the green, each gaining close to 1%.
The Nifty Bank index was particularly strong, rising 1.18% and even hitting a new high during the day. Large private lenders – Axis Bank, IndusInd Bank, IDFC First Bank along with state-run banks like Canara Bank, contributed to the move. The Nifty PSU Bank index gained 2%, also touching a fresh peak.
Midday movers
In individual stocks, a few names stood out in intraday action. Bharti Airtel dipped nearly 3%, reacting to reports of a possible promoter stake sale. On the other hand, NCC surged about 4% after securing a significant contract worth over Rs 2,000 crore for the expansion and modernisation of a medical college and hospital in Assam.
Among Sensex stocks, Bajaj Finserv, Bajaj Finance, Reliance Industries, Tata Steel, Axis Bank, Sun Pharma and Tata Motors Passenger Vehicles were among the notable gainers, closing with gains in the 2–3% range. Meanwhile, Asian Paints and Bharti Airtel were the few names that ended lower.
