Sensex Crosses 86,000 for the First Time; Nifty Hits 26,300 Amid Global Optimism

New Delhi: India’s domestic stock markets soared to all-time highs on Thursday, with the BSE Sensex crossing 86,000 points for the first time and the NSE Nifty50 climbing past 26,300 points. Investor confidence was buoyed by expectations of interest rate cuts in the US and India next month, along with optimism over improving corporate earnings and global geopolitical developments.

Market Highlights

• Sensex: Rose over 400 points to surpass 86,000, breaching its previous all-time high of 85,978.25 points.
• Nifty50: Reached a fresh record 26,300+, surpassing last year’s September peak of 26,277.35 points.
• Top Movers: Bajaj Finance, Axis Bank, Larsen & Toubro, Bajaj Finserv, and Asian Paints led the rally, gaining between 0.8% and 1.5%.
• Midcap & Smallcap: Indices also edged up 0.1% each, reflecting broad-based market strength.

Reasons Behind the Rally

Dr. V.K. Vijaykumar, Chief Investment Strategist at Geojit Investments, explained the bullish sentiment:

• Momentum from Previous Gains: Nifty’s 320-point surge the previous day set a positive tone.
• Fundamental Support: Strong corporate earnings are expected in Q3 and Q4 FY26, supported by rising consumption in October.
• Global Factors: Optimism over a potential Fed interest rate cut and peaceful resolution of the Russia-Ukraine conflict boosted global market sentiment.

Institutional Participation

• Foreign Institutional Investors (FIIs): Bought shares worth ₹4,778 crore on November 26.
• Domestic Institutional Investors (DIIs): Invested ₹6,248 crore, contributing to the bullish momentum.

Asian markets also showed broad gains, while the US dollar weakened on expectations of rate cuts. Gold fell 0.4% to $4,146.53 per ounce, following a 0.8% gain in the previous session.

Bottom Line: India’s stock markets continue to ride a wave of optimism, supported by domestic consumption growth, institutional buying, and favorable global cues, marking a historic milestone in the Sensex and Nifty indices.