India’s equity market witnessed a historic trading session on Thursday, November 27, 2025, with the Sensex and Nifty both scaling fresh, unprecedented peaks for the first time. The Sensex briefly surged past 86,000, recording an intra-day high of 86,026.18, while the Nifty topped the 26,300 level, touching 26,306.95.
This milestone officially ended a 14-month consolidation period for the Nifty, signalling strong confidence and potentially triggering the next major leg of the bull rally.
Source: NSE, BSE
Profit-Booking Cools the Rally
Even though the indices hit their highest points for the day early on, they couldn’t stay there. As the afternoon went on, investors decided to sell many stocks that had recently performed well, locking in their profits. This selling caused the market rally to slow down right before the closing bell.
- Final Close: The Sensex ended 111 points higher at 85,720.38.
- Final Close: The Nifty closed 10 points higher at 26,216.
- Bank Nifty: Outperformed, adding 209 points to finish at 59,737, setting a new intraday record high of 59,866.60.
- Market Breadth: The overall advance-decline ratio settled at a neutral 1:1.
Source: NSE, BSE
Sectoral Drivers and Corporate Action
The market movement was supported by positive sectoral rotation and major corporate developments.
- Auto Sector Triumph: The Nifty Auto index scaled a new all-time high of 27,832.60. The Commercial Vehicle (CV) segment was the key driver, with Ashok Leyland and Tata Motors’ CV business surging 6% each.
- Ashok Leyland’s Surge: Ashok Leyland hit a fresh 52-week high (₹158.80) after its material subsidiary, Hinduja Leyland Finance, approved a merger by absorption into NDL Ventures. The deal, set for April 2026, includes a share exchange ratio of 25:10 and is part of a broader corporate restructuring.
- Top Gainers: Nifty 50 was led by Bajaj Finance (+2.43%), ICICI Bank (+1.37%), and Shriram Finance (+1.33%).
- Midcap Strength: Midcaps outperformed, with the index adding 51 points. Midcap IT stocks, including LTIMindtree and Coforge, saw around 2% gains.
Source: NSE, BSE
Global and Domestic Catalysts
The historic rally was underpinned by strong domestic and international factors:
- Rate Cut Hopes: Rising expectations of a rate cut by the US Federal Reserve and the RBI improved sentiment, with the Nifty Bank index racing toward the psychological 60,000 mark.
- Oil Prices: Crude Oil fell to $58.20/barrel, a five-week low, following reports of progress in a Ukraine-Russia peace deal, positively impacting crude-sensitive sectors.
- Sector Performance: Media, Bank Nifty, and IT were the top performers, while Realty and Oil & Gas lagged due to profit-taking.
Source: CNBC TV 18
The Bottomline
Despite the late-session profit-taking that cooled the gains, the Nifty and Sensex maintained their positive close, driven by strong fundamentals. Key catalysts include rising US Fed and RBI Rate Cut hopes and falling Crude Oil Prices.
Sectorally, the Nifty Bank and Auto Index (which hit an all-time high of 27,832.60 were the prime movers. The market’s resilience, even after hitting lifetime highs, underscores robust investor confidence, making this a pivotal moment for Indian equities. Investors should monitor the Nifty Bank’s race towards the 60,000 mark for the next leg of growth.
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