Market at Close | Sensex jumps 1,023 points, Nifty close to record highs as Nifty Bank hits new peak

The equity benchmark indices BSE Sensex and NSE Nifty on Wednesday (November 26) closed with robust gains as the market recorded a sharp move across segments, supported by broad-based buying and strong sectoral momentum. The Sensex rose 1,023 points to 85,610, and the Nifty gained 321 points to end at 26,205, with both benchmarks moving near record highs. The Nifty Bank scaled a fresh all-time high at 59,528, advancing 708 points.

Frontline indices settled more than 1% higher, while market breadth remained firmly tilted toward advances. Out of the Nifty 50 constituents, 45 stocks closed in the green, and five names touched 52-week highs. Broader markets outperformed, with the Midcap index climbing 764 points to 61,062. More than 90 stocks in the Nifty Midcap 100 index ended positively.

All sectoral indices advanced, led by metals. Steel stocks saw notable traction amid expectations of a safeguard duty, with JSW Steel gaining 4%. Among the top contributors to the Nifty’s rise were Reliance Industries, HDFC Bank, ICICI Bank, Larsen & Toubro, Axis Bank, Infosys and TCS.

In stock-specific action, Bajaj Auto gained over 1% after the company announced its entry into the e-rickshaw category. Tata Motors’ passenger vehicle business rose 2% following the launch of the Sierra SUV. PG Electro, Nuvama, Siemens, PNB Housing, MCX and Samman emerged as the leading midcap gainers. MCX extended its rally and closed above 10,250 rupees a share for the first time. GMDC surged 9% on reports of Cabinet approval for a rare-earth magnet manufacturing scheme.

NCC advanced nearly 2% after bagging a 2,063 crore rupee order from the Assam government. Excelsoft Technologies listed at a 13% premium, ending at 126 rupees versus its issue price of ₹120 a share. SMS Pharma climbed 18% after receiving US FDA approval for reformulated ranitidine. Ashok Leyland rose 2% after NDL Ventures’ board approved the merger of Hinduja Leyland Finance.

Bharti Airtel was the top Nifty loser, falling nearly 2% following a block deal involving 0.6% equity. Adani Enterprises and Eicher Motors were unable to sustain early gains and closed in the red.