Nifty Hits 14-Month High, Surpasses 26,277 Amid Global, Domestic Optimism.
The Nifty 50 touched a fresh all-time high on November 27, reclaiming record levels after 14 months. The benchmark surpassed its previous peak of 26,277 set in September 2024, rising to 26,295.55 in early trade, while the Sensex opened higher on supportive global cues.
Sector Trends
Most sectors saw modest gains, including auto, financials, FMCG, metals, pharma, banks, realty, media, and oil & gas. IT stocks lagged, and consumer durables slipped nearly 0.5% due to profit booking.
What’s Driving the Rally
Global cues: US indices (S&P 500, Dow, Nasdaq) rose overnight amid softer Treasury yields and policy optimism.
Domestic factors: Analysts cited improving corporate earnings, easing valuations, and expectations of upcoming rate cuts by the US Fed and RBI.
Yesterday’s Momentum
The Nifty had posted its best session in five months, closing at a 14-month high, fueled by strong buying in rate-sensitive sectors and optimism around central bank easing.
Market Performance in 2025
Despite recent gains, Indian markets underperformed other Asian and emerging peers in 2025 due to subdued earnings, high valuations, geopolitical risks, and foreign outflows. The outlook is improving as corporate earnings pick up, valuations cool, domestic inflows remain strong, and foreign selling moderates.
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