Mumbai, Nov 27 : The Indian stock market on Wednesday ended a three-day losing streak, with Nifty closing above the 26,200 mark amid rising expectations of an interest rate cut by the US Federal Reserve in its December policy review. Positive cues from global markets further boosted investor sentiment.
At close, the Sensex rose 1,022.50 points, or 1.21%, to 85,609.51, while the Nifty gained 320.50 points, or 1.24%, to 26,205.30. The BSE Midcap and Smallcap indices jumped 1.32% and 1.23%, respectively, lifting the overall market capitalisation of BSE-listed firms to nearly ₹475 lakh crore from ₹469 lakh crore.
All major sectoral indices ended in the green, with Nifty Metal, Consumer Durables, and Oil & Gas rising up to 2%. Nifty Bank closed 1.20% higher at 59,528, after touching a record intraday high of 59,554.95. Nifty Realty recovered over 1% after five consecutive sessions of losses.
Top gainers included Oberoi Realty, Prestige Estates, Anant Raj, and Sobha, while DLF and Brigade Enterprises added over 1%. On Nifty, JSW Steel led the rally, rising 3.69%, followed by HDFC Life Insurance Company (up 2.80%) and Bajaj Finserv (up 2.55%). Bharti Airtel (down 1.60%), Adani Enterprises (down 0.81%), and Eicher Motors (down 0.53%) were the top losers. Out of 4,325 BSE-traded stocks, 2,800 advanced, 1,371 declined, and 154 remained unchanged.
A total of 111 stocks, including Reliance Industries, SBI, Larsen & Toubro, and Axis Bank, touched 52-week highs intraday, while around 170 stocks, including Cohance Lifesciences, Deepak Nitrite, and Shoppers Stop, hit 52-week lows.
Metal stocks led the broader market gains, pushing the Nifty Metal index higher for the second consecutive session. Lloyds Metals & Energy soared nearly 5%, while JSW Steel jumped 3.9%. SAIL gained over 3%, and Hindustan Copper, JSL, Vedanta, and NMDC rose more than 2% each.
The market’s recovery reflects optimism among investors that the Federal Reserve may ease interest rates soon, bolstering global liquidity and supporting equities.