Sensex, Nifty Jump Over 1.20 Per Cent Each Amid Rally: US Fed Rate Cut Hopes Among Other Reasons Behind Today’s Rally

Domestic equities snapped a three-day losing streak on November 26, 2025 to end in the green, staging a sharp rebound and recouping more than the losses incurred in the previous three sessions. The benchmarks opened on a weak note; however, buying picked up soon after the opening bell. Towards the end of the session, the indices close near their record highs.

The Sensex closed at 85,609.51, up 1,022.50 points or 1.21 per cent, while the Nifty 50 closed at 26,205.30, up by 320.50 points or 1.24 per cent.

The broader market indices showed a similar trend. The Nifty Midcap 100 and the Nifty Smallcap 100 closed 1.27 per cent and 1.36 per cent higher, respectively. The Nifty 500, which represents more than 92 per cent of the free-float market capitalisation of all NSE-listed stocks, also settled 1.27 per cent higher. The Nifty Microcap 250 index, which tracks the 250 most valuable and actively-traded stocks beyond the Nifty 500 constituents, also closed 1.32 per cent higher.

Why Stock Market Rose Today

The rally was largely led by increased bets on US Federal Reserve rate cut, and the Reserve Bank of India’s (RBI’s) repo rate cut next month. A fall in crude oil prices due to progress towards a peace deal between Russia and Ukraine, added further support.

The West Texas Intermediate (WTI) crude oil futures traded around 0.30 per cent lower, as of 4:30 PM, following a 1.50 per cent fall in the previous session.

All Sectors End In Green, Nifty Bank Hits Record High

All sectoral indices ended firmly in the green, suggesting that the buying was broad-based. Nifty Metal led the gains, rising 2.06 per cent, followed by Nifty Energy, Nifty Oil & Gas, and Nifty Consumer Durables, all three rising more than 1.70 per cent each. Nifty IT closed 1.46 per cent up, Nifty Pharma settled 1.20 per cent higher, while Nifty Realty ended 1.12 per cent up.

Nifty Bank, which tracks the 12 most valuable and liquid banking stocks, jumped 707.75 points, or 1.20 per cent, to finish at a record closing level of 59,528.05. During the session, the banking index touched an all-time high of 59,554.95.

Ravi Singh, chief research officer, Master Capital Services, said: “Banking stocks continue to be in favour and attract buying on the back of stable asset quality and steady credit growth. Realty and metals are drawing benefit from expectations of sustained demand and infrastructure activity.”

Nifty 50: Top Gainers And Losers

Among the Nifty 50 constituents, as many as 44 stocks saw a positive closing. Only Bharti Airtel, Adani Enterprises, Eicher Motors, SBI Life Insurance, Asian Paints, and State Bank of India (SBI) closed in the red.

Among the top gainers were JSW Steel, which rose 3.69 per cent, followed by HDFC Life Insurance, which closed 2.80 per cent up.

Bajaj twins – Bajaj Finserv and Bajaj Finance also gained above 2.50 per cent each. Jio Financial Services, Interglobe Aviation, Coal India, Tata Steel, Reliance Industries, Grasim Industries, Axis Bank and Tata Motors Passenger Vehicles also rose between 1.86 per cent and 2.39 per cent.

Stock Market Outlook

Traders will be tracking initial jobless claims for the week ended November 22, due later today. The data point will be crucial for the Federal Reserve in defining their next policy outlook. The US will also be releasing its gross domestic product (GDP) figures for the quarter ended September 30, 2025 later today.

Russia-Ukraine peace deal is also likely to be in focus. As of the latest update, US President Donald Trump’s envoy Steve Witkoff will visit the Kremlin next week for talks with Russia as Washington steps up efforts to broker a potential Ukraine peace deal, following Kyiv’s announcement of a “common understanding” with the White House on a possible settlement.

Further, any updates on the India-US trade deal is also likely to shape investor sentiments.