Market Performance: Early Momentum Carries Through
The Indian stock market continued its positive streak for the second consecutive session on Friday. Both the Sensex today and the Nifty 50 today extended gains, reflecting improving investor sentiment after global cues turned favourable.
- The Sensex climbed 450 points (0.53%) to reach 85,267.66
- The Nifty 50 added 148 points (0.57%), closing at 26,046.95
Meanwhile, the BSE Midcap and Smallcap indices recorded solid gains of 1.14% and 0.65%, respectively, highlighting a broad-based rally across sectors.
The overall market capitalisation of BSE-listed firms rose to over ₹470 lakh crore, up from ₹466.6 lakh crore in the previous session, creating paper wealth of more than ₹3 lakh crore for investors in a single day.
Main News: Why Is the Indian Stock Market Rising?
Several factors contributed to the renewed momentum in the stock market today, even amid persistent foreign outflows and a weaker rupee.
1) Positive Global Cues
Global markets reacted positively after the US Fed cut interest rates, which improved risk appetite and boosted liquidity expectations. This, in turn, supported domestic equities despite the rupee hitting new lows.
Investors also remained focused on upcoming economic data, including India’s CPI for November, expected to stay within the RBI’s comfort zone, reinforcing policy stability expectations.
2) Sectoral Highlights
Some sectors led the gains while others slipped, creating a mixed but broadly positive market scenario.
Top sectoral performers:
- Nifty Metal jumped 2.63%, topping the sectoral charts
- Nifty Realty, Consumer Durables, and Oil & Gas rose over 1% each
- Nifty Bank increased by 0.30%, closing at 59,389.95
Key gainers in Nifty 50 today:
- Tata Steel (+3.38%)
- Hindalco Industries (+3.26%)
- Eternal (+2.37%)
Major laggards:
- Hindustan Unilever (-1.80%)
- Max Healthcare Institute (-0.73%)
- Sun Pharma (-0.72%)
3) Stock Movements and Market Breadth
Volume activity was strong across several stocks.
Most active stocks by volume:
- Vodafone Idea: 114.30 crore shares
- Meesho: 10.22 crore shares
- GMR Airports: 7.2 crore shares
Notable moves on BSE:
- 12 stocks surged more than 15%, including Transformers and Rectifiers (India) and Walchandnagar Industries
- 95 stocks hit 52-week highs, such as Vedanta and Cummins India
- 96 stocks touched 52-week lows, including ACC, BASF India, and Sheela Foam
This wide spectrum of movements shows a market where selective stocks are leading the rally while others are correcting or consolidating.
Summary: Indian Stock Market Maintains Uptrend
The Indian stock market extended gains for a second day, driven by global rate cuts, positive risk sentiment, and broad sectoral participation. While the rupee remains under pressure and foreign fund outflows continue, domestic indices like the Sensex and the Nifty 50 are holding strong today, reflecting resilience in the market.
Market breadth remains healthy, with midcap and smallcap indices joining the rally, indicating optimism among domestic investors. The day’s session highlights how external cues, combined with selective stock performances, shape short-term market trends in India.
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