Winning Bizness Desk
Mumbai. The Indian stock market saw a robust rally on the last trading day of the November series, driven by strong buying interest in midcap and smallcap stocks. All major sectoral indices, including banking, IT, and real estate, ended the day on a positive note, reflecting widespread optimism among investors. The Nifty Bank index, too, showed significant gains, closing 763 points higher at 51,135. However, the media sector was the only laggard, closing with a minor decline.
Closing Levels of Key Indices
- Sensex: The BSE Sensex soared by 1,961.32 points (2.54%), closing at a record-high of 79,117.
- Nifty: The NSE Nifty jumped 557.35 points (2.39%) to settle at 23,907.
- Nifty: The NSE Nifty jumped 557.35 points (2.39%) to settle at 23,907.
Sensex Stocks:All in the Green
Remarkably, all 30 Sensex stocks ended the day in positive territory. The top gainers included State Bank of India (SBI), TCS, Titan, ITC, Infosys, and Larsen & Toubro (L&T), which posted significant gains.
Nifty Stocks:A Near-Clean Sweep
Among the 50 stocks in the Nifty index, 49 closed in the green, reflecting widespread buying. Only Bajaj Auto ended in the red with minor losses. Leading the rally were stocks like SBI, Bajaj Finance, ITC, TCS, and Titan.
Market Capitalization Soars
The overall market capitalization of companies listed on the Bombay Stock Exchange (BSE) surged to ₹432.70 lakh crore, marking an impressive jump of ₹7.41 lakh crore in a single day.
Trading Summary: Out of 4,041 shares traded, 2,446 closed higher, 1,475 declined, and 120 remained unchanged.
Sectoral Performance:All major sectors performed well:
- Banking and IT sectors led the gains, supported by strong investor sentiment.
- Real estate and midcap-smallcap stocks also witnessed robust buying.
- The media sector was the only exception, closing with a slight dip.
What Drove the Rally?
This market surge can be attributed to positive domestic and global cues, including healthy quarterly results, strong institutional buying, and improved economic indicators. Investors also found value in midcap and smallcap stocks, which contributed significantly to the rally. The record-breaking performance of the Sensex and Nifty reflects renewed investor confidence, supported by an all-round rally across sectors. With the markets hitting new highs, analysts expect further momentum in the coming weeks, barring any global uncertainties.
