Market Rebounds with Strong Gains Across All Sectors
The Indian stock market staged an impressive recovery on Wednesday, November 26, posting substantial gains after three consecutive sessions of decline. Robust buying activity across multiple sectors combined with positive global market signals drove the remarkable turnaround.
The benchmark Sensex surged by 1,023 points, representing a 1.21% increase, to close at 85,609.51. Meanwhile, the Nifty 50 index also demonstrated strong performance, advancing by 321 points (1.24%) to settle at 26,205.30. The broader market indices followed suit, with the BSE Midcap index climbing 1.32% and the Smallcap index gaining 1.23%.
Broad-Based Participation Drives Momentum
Market analysts observed that trading began on a strongly positive note as the new expiry period commenced, with indices gaining over one percent and completely recovering from recent losses. The upward trend maintained its strength throughout the trading session, culminating with the Nifty closing near its daily peak at the 26,205 level.
Market participation was comprehensive across sectors, with metals, energy, and information technology emerging as the frontrunners in the rally. The mid-cap and small-cap indices both recorded gains exceeding 1%, contributing to the overwhelmingly positive market breadth.
Domestic and Global Factors Fuel Optimism
According to Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd, the market rally received support from multiple favorable factors. Renewed expectations of a potential interest rate cut by the US Federal Reserve in December combined with anticipations of a 25-basis-point repo rate reduction by the Reserve Bank of India early next month significantly improved investor sentiment.
Additional support came from declining crude oil prices, which were influenced by growing optimism about potential progress in peace negotiations between Ukraine and Russia. This combination of domestic and international developments created an ideal environment for market recovery.
Key Stocks to Monitor
Paytm: The Reserve Bank of India has granted Payment Aggregator authorization to Paytm Payments Services (PPSL), a wholly-owned subsidiary of One 97 Communications, under the Payment and Settlement Systems Act.
Mahindra & Mahindra: The automotive company announced the delivery of 30,000 electric SUV units within just seven months, averaging approximately one sale every ten minutes. The company continues to strengthen its position in India's EV market with models introduced last November.
Bajaj Auto: The manufacturer has entered the rapidly growing e-rickshaw segment with the launch of its new Bajaj Riki model. This market has expanded significantly since the pandemic, adding over 45,000 vehicles monthly due to increasing demand for affordable last-mile transportation solutions.
Asian Paints: The company's subsidiary, Berger Paints Emirates Ltd Co in the UAE, is planning to establish a second paint manufacturing facility in the United Arab Emirates.
Whirlpool of India: Reports indicate that the promoter plans to sell 95 lakh shares, representing a 7.5% stake, through block deals at a minimum price of ₹1,030 per share, totaling approximately ₹965 crore. A 90-day lock-up period will follow the transaction.
Wipro: The technology services firm has formed a strategic partnership with the Indian Institute of Science (IISc) and the Foundation for Science Innovation and Development (FSID) to collaborate on advanced research and innovation in next-generation technologies.
Jammu & Kashmir Bank: The Board has approved raising equity share capital up to ₹750 crore through Qualified Institutional Placements and an additional ₹500 crore via non-convertible debentures through private placement.
Axis Bank: Anand Viswanathan has been appointed as the bank's Chief Risk Officer for a three-year term effective January 1, 2026, succeeding Amit Talgeri and joining the senior management team.
Ashoka Buildcon: The company's subsidiary, Ashoka Concessions, has completed the sale of its entire shareholding in five Special Purpose Vehicles to Maple Infrastructure Trust effective November 26.
Oberoi Realty: The company has entered into an agreement to redevelop 4,706 square meters of land on Nepean Sea Road in Mumbai, expected to generate approximately 1.18 lakh square feet of free-sale area according to RERA carpet measurements.
