Nifty closes above 26,200, Sensex stages 1,000 point jump, all sectors in green as bulls roar

Bulls roared on Dalal Street today.

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26 Aug, 2025 12:21

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The benchmark Nifty 50 and Sensex indices rallied sharply in trade on November 26, soaring amid broad-based buying interest. Investors' bullish sentiment was reinforced amid the rising likelihood of the U.S. Federal Reserve cutting interest rates in December.

At close, the Sensex was up 1,022.50 points or 1.21 percent at 85,609.51, and the Nifty was up 320.50 points or 1.24 percent at 26,205.30. About 2723 shares advanced, 1286 shares declined, and 141 shares unchanged.

The markets regained momentum as U.S. consumer confidence in November saw its steepest drop since April, and retail sales rose modestly in September, suggesting consumer spending is cooling after months of strong demand. The delayed economic reports out of the U.S. further cemented bets for a Fed cut in December, even after Chair Jerome Powell warned last month that a reduction isn’t a foregone conclusion.

"On the domestic policy front, the Reserve Bank of India (RBI) is widely anticipated to implement a 25-basis point rate cut in December, supported by moderating inflation and a dovish stance. Furthermore, increasing optimism surrounding a potential truce between Russia and Ukraine is enhancing risk appetite, fostering a positive outlook for the upcoming year," said Vinod Nair, Head of Research, Geojit Investments.

All sectoral indices advanced in trade, reflecting broad-based buying across the market. Metals led the gains with a strong rise of a little over two percent, followed by banks, consumer durables and oil and gas, which also posted healthy upmoves. IT and private banks added over one percent, indicating steady interest in rate-sensitive and export-focused pockets.

Auto, pharma, healthcare, FMCG, and realty also closed higher, showing positive sentiment across defensives and cyclicals alike. PSU banks and financial services saw relatively modest but firm gains, underscoring a largely upbeat market tone.

The Nifty 50 index closed above its 26,200 resistance, which according to analysts, could open the way for the index to reclaim its all-time highs recorded in September 2024. "For Nifty options, the call side OI buildup is concentrated at 26,200 and 26,500, indicating potential resistance zones, while on the put side, heavy writing at 26,100 and 26,000 signals strong support levels," said Ashika Institutional Equities.