Nifty 50 Hits a New Record After 14 Months as Sensex and Bank Nifty Jump Through Sectoral Highs

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The Indian market showed strong energy on November 27. The Nifty 50 climbed to a new record after 14 months and touched 26,295.55. The rise came with steady support from financial, metal, and consumer stocks. The move also strengthened the overall mood across the market.

Sensex and Bank Nifty Continue Strong Momentum

The Sensex moved higher throughout the day and reached a fresh 52-week high near 85,940. The index came close to its lifetime high and showed clear strength. Large banks and financial firms gave strong support to this climb. Bank Nifty also moved up and stayed close to the 60,000 mark.

The Nifty 50 gained the most from strong moves in Bajaj Finance, Bajaj Finserv, Shriram Finance, Asian Paints, and Hindalco Industries. These stocks held firm and kept the index on the upside. At the same time, some stocks weakened. Eternal, HDFC Life, SBI Life, Eicher Motors, and UltraTech Cement slipped in trade and capped the gains for the day.

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Global Trends Boost Market Sentiment

Global markets also played a part in the rally. Asian indices traded in the green. US markets jumped because rate-cut hopes grew stronger. Traders also tracked early signs of calm in the Russia-Ukraine conflict. These factors lifted FII inflows and created a better setup for Indian equities.

The domestic picture also looked strong. Analysts tracked good demand in the festival and wedding season. They expect this demand to support firm earnings in the next two quarters. Strong consumption helps banks, paint makers, lenders and large industrial firms. This belief added more strength to the rally.

Market experts also shared their technical view. The Nifty 50 now faces resistance near 26,350 to 26,450. Support sits around 26,150 to 26,200. A close above 26,300 can create room for more highs. For Bank Nifty, 60,000 acts as the key mark. A move above this level can open the way toward 60,500 and later 61,000.

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Brokerages responded to the rally with higher targets. PL Capital increased its Nifty 50 target to 29,094 for the next 12 months. The firm expects stable earnings and strong credit growth through FY26. It prefers banks, NBFCs, consumer companies, defence, and port-linked stocks for 2026.

Some experts also pointed to risks. Stocks hold high valuations after a long run. Quick profit booking may come near higher levels. Global events and central bank moves may also cause swings. Even then, the trend stays strong, and the buy-on-dips approach remains active.

The rally shows clear trust in the strength of the Indian economy. Strong inflows, firm earnings expectations, and leadership from large banks gave the market its push. If this momentum holds, the Nifty 50 may aim for new levels in the coming months.

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