The Indian stock market celebrated a historic moment on Thursday, November 27, as benchmark indices scaled unprecedented heights, marking a triumphant return to record territory after a prolonged gap.
Markets Scale New Peaks
The Nifty 50 index shattered its previous lifetime record, climbing to an impressive 26,295.55 points during trading sessions. This remarkable achievement surpassed its earlier peak of 26,277.35 points recorded back in September 2024. The index had been waiting for this moment for 14 long months.
Meanwhile, the BSE Sensex demonstrated equally robust performance, gaining over 200 points to reach a 52-week high of 85,940.24. The Sensex now stands merely 38 points away from its all-time high of 85,978.25, achieved on September 27, 2024.
Global Factors Fueling the Rally
International market optimism played a crucial role in driving this upward movement. Traders worldwide are anticipating monetary policy easing from major central banks. Market participants are pricing in 25-basis-point rate cuts from both the US Federal Reserve and the Reserve Bank of India in their upcoming December meetings.
The Federal Open Market Committee is scheduled to meet between December 9-10, while the RBI's Monetary Policy Committee will convene from December 3-5. Any reduction in interest rates by these institutions would enhance market liquidity, reduce borrowing costs, and further strengthen positive sentiment toward equities.
Expert Analysis and Market Performance
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, provided valuable insights into the market movement. "The rally has fundamental support from potential earnings growth expected in Q3 and Q4 of FY26", he stated. "The consumption boom witnessed in October will translate into impressive earnings growth", he added, emphasizing that if this trend continues, even with some moderation post-festival season, the earnings growth would justify the market rally.
The Nifty 50 has delivered exceptional returns over the past year, gaining more than 8% which translates to over 2,000 points. In the 2025 year-to-date period, the index has rallied impressively by more than 11%, adding over 2,600 points. This performance reflects resilient domestic flows, robust corporate earnings, and improving global risk appetite.
Top 5 Stocks Driving the Rally
The spectacular market performance has been powered by several key stocks that significantly contributed to the Nifty's impressive gains:
Bajaj Finance: The non-banking financial company emerged as the top performer in the benchmark index, delivering an astonishing 54% return over the last year.
Maruti Suzuki: The automotive giant demonstrated strong momentum with a 45% increase during this period, benefiting from improved consumer sentiment and festive demand.
Eicher Motors: This automobile manufacturer surged impressively by 44%, reflecting the robust performance in the two-wheeler and commercial vehicle segments.
Shriram Finance: Another NBFC that contributed significantly to the rally, adding 43% to its value over the past twelve months.
InterGlobe Aviation: The aviation sector representative gained 39%, indicating recovery and growth in air travel demand post-pandemic.
The collective strength of these top performers, combined with favorable macroeconomic conditions and positive global cues, has created the perfect environment for Indian markets to achieve these record-breaking levels.
