The Sensex rose 772.75 points, or 0.95%, to 81,879.40 on Wednesday, and the Nifty 50 gained 210.40 points, or 0.84%, to 25,255.05, DSIJ and Kotak Neo reported. Both indices ended at their highest levels since late February, DSIJ said. The market had been shut on Tuesday for Diwali-Balipratipada.
What led the rally
- Banks and autos. Nifty PSU Bank rose about 2.9% and Nifty Auto 1.14%, DSIJ reported; Kotak Neo put the broader Nifty Bank up 1.76%. Among Nifty stocks, Mahindra & Mahindra jumped 5.30%, HDFC Bank rose 1.06% and Bharti Airtel 1.78%.
- Laggards. Nifty IT fell 0.53%. ICICI Bank (down 1.10%) and Adani Ports (down 1.84%) were among the biggest Nifty losers, DSIJ said.
- Wider market. The Nifty Midcap 100 gained about 0.8% and the Smallcap 100 about 1.6%. Of 3,767 stocks traded, 2,495 advanced and 1,166 fell, and 106 hit 52-week highs, DSIJ reported, a broader rally than Monday's.
Why analysts say it rose
DSIJ pointed to foreign investors, who have bought about $5.68 billion of Indian shares in November, the largest monthly inflow since September 2024. It also cited softer crude oil, improving company earnings and weaker enthusiasm for global AI stocks.
Brent crude touched a two-month low of $89.16 on Tuesday and recovered to about $92 on Wednesday on shipping disruptions near the Strait of Hormuz, DSIJ said. Kotak Neo put Brent January futures at $93.05 and said oil had fallen below $90 for the first time since August after President Donald Trump said the Iran conflict was effectively over. Gold ended up 0.75% at ₹1,41,580 per 10 grams and silver up 2.92% at ₹1,87,910 a kg on MCX, Kotak Neo added.
What to watch
Kotak Neo said the mood remains upbeat and investors will look for more buying support in banks and heavyweights. Mutual fund SIP inflows slipped to ₹32,160 crore in October from ₹32,490 crore in September, it noted. For the longer rally, see BDT's explainer on why the market keeps rising.
This is a market report, not investment advice.
How we verified this
VerifiedThe Nifty close (25,255.05, +210.40, +0.84%), the Sensex close (81,879.40, up about 0.95% or about 773 points), the sector moves and the Midcap 100 gain (+0.81%) match in DSIJ and Kotak Neo; the 773-point figure is DSIJ’s/Zeebiz’s and equals 81,879.40 minus Monday’s 81,106.65. Smallcap 100 is +1.59% in DSIJ and +1.61% in Kotak Neo, so the story says “about 1.6%”. The FPI figure ($5.68 billion in November), the Brent low and the market breadth are from DSIJ alone and are attributed. The gainer and loser names in Kotak Neo’s table were jumbled; BDT used DSIJ’s clearly labelled list. Reasons are those cited by the outlets, not established causes. The market was shut on 10 November for Diwali-Balipratipada.
