Benchmark indices in India saw significant gains on Thursday, with the Sensex rising 446 points and the Nifty closing above the 26,100 mark. This upward trend marked the second consecutive day of growth, driven by strong buying in oil and gas sectors along with selected financial shares and fresh inflows from foreign funds. The 30-share BSE Sensex increased by 446.21 points, or 0.52 percent, closing at 85,632.68. At its peak during the day, the index surged 615.23 points, reaching a 52-week high of 85,801.70. Meanwhile, the 50-share NSE Nifty hit its own 52-week high of 26,246.65 before ending the day at 26,192.15, reflecting a gain of 139.50 points or 0.54 percent.
Analysts noted that a rally in global markets aided Indian indices in achieving their yearly highs. Major gainers in the Sensex included Bajaj Finance, Bajaj Finserv, Reliance Industries, HDFC Bank, Tech Mahindra, and Axis Bank. Conversely, companies such as Asian Paints, HCL Tech, Titan, and Hindustan Unilever experienced losses.
Vinod Nair, Head of Research at Geojit Investments Limited, commented on the upward momentum, attributing it to optimism surrounding trade discussions between India and the US, as well as positive developments in phase-1 agreements. The strong performance of technology stocks following solid earnings also contributed to a robust market sentiment. Additionally, substantial inflows from foreign institutional investors, coupled with strength in large-cap sectors like Auto, Financials, and IT, supported the bullish trend.
Ponmudi R, CEO of Enrich Money, reflected on the market’s closing, emphasizing that the Nifty decisively crossed the significant barrier of 26,100. He highlighted that the rise was primarily led by major players in the oil and gas sector, particularly Reliance Industries, along with notable contributions from private-sector lenders such as HDFC Bank and the Bajaj group.
On the other hand, the BSE smallcap gauge fell by around 0.17 percent, while the midcap gauge declined by 0.13 percent. Sector-wise, energy recorded the highest gain of 0.59 percent, trailed by financial services at 0.49 percent, and capital goods at 0.34 percent. Meanwhile, sectors like consumer durables, telecommunications, IT, technology, and real estate lagged behind.
In broader market updates from Asia, South Korea’s Kospi, Japan’s Nikkei 225, and Hong Kong’s Hang Seng indices all closed positively, while China’s Shanghai Composite index saw a downturn. European markets were also on an upward trajectory, and US markets finished in the green on Wednesday.
Foreign institutional investors were active buyers, acquiring equities worth ₹1,580.72 crore in the previous session. Domestic institutional investors also joined in, purchasing stocks valued at ₹1,360.27 crore. The price of Brent crude, a global oil benchmark, rose by 0.83 percent to reach $64.03 per barrel.
In the previous trading session, the Sensex had gained 513.45 points, or 0.61 percent, settling at 85,186.47, while the Nifty rose by 142.60 points, or 0.55 percent, to close at 26,052.65.
Original Source: https://theshillongtimes.com/2025/11/21/markets-rise-for-2nd-day-on-global-trends-and-foreign-inflows/
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Publish Date: 2025-11-21 05:52:00
