Sensex soars to 9-month high, Nifty crosses 25,200: 5 factors fueling Dalal Street rally

Résumé détaillé

The Sensex climbed 773 points to 81,879, while the Nifty advanced 210 points to 25,255. The Nifty Bank gained 1,051 points to 60,792, and the Midcap index rose 497 points to 61,519.

The equity benchmark indices extended their gains on Wednesday (November 11), with the Sensex and Nifty closing at fresh nine-month highs as buying in financial stocks, positive market breadth and gains across several sectors supported the rally.

The Nifty Bank also moved closer to its record high. The Sensex climbed 773 points to 81,879, while the Nifty advanced 210 points to 25,255. The Nifty Bank gained 1,051 points to 60,792, and the Midcap index rose 497 points to 61,519.

The market capitalisation of BSE-listed companies increased by ₹35 lakh crore over the first seven trading sessions of November.

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Financial stocks led the gains, with continued foreign institutional investor (FII) buying supporting the sector. The Nifty Bank outperformed the benchmark indices, while State Bank of India (SBI) and Axis Bank were among the top contributors to the Nifty's rise.

Buying remained broad-based, with the advance-decline ratio at 2:1. More than 35 Nifty constituents closed higher, indicating widespread participation in the session's gains.

Mahindra & Mahindra (M&M), IndiGo and Trent were among the top Nifty gainers. M&M, SBI, Axis Bank, ITC and Reliance Industries (RIL) were the biggest contributors to the index's advance.

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Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, on InterGlobe Aviation, said, "This is the only play which kind of remains pretty strong in terms of numbers if you look at the aviation sector. So clearly a market leader in the domestic segment.

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