Indian markets continued their upward trajectory on Thursday, with both key indices finishing solidly higher as robust foreign fund inflows and a global risk-on mood buoyed investor sentiment. A powerful upswing in global technology shares—spurred by Nvidia’s stellar earnings—energized Asian markets as well, lending strong support to domestic benchmarks throughout the trading day.
The Sensex rose 446 points to end at 85,632.44, while the Nifty 50 gained 139.50 points to finish at 26,192.15, staying comfortably above 26,200.
Buying momentum was strong in heavyweight stocks, especially financials and select large caps. Bajaj Finance and Bajaj Finserv climbed over 2%, with Reliance Industries up 2.03%. Tech Mahindra, HDFC Bank, and Axis Bank also added between 1% and 1.6%
According to Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, Indian equities witnessed sustained momentum since Oct’25, with Nifty Midcap100 and Nifty Bank indices making new all-time high levels in November, backed by improving corporate earnings, healthy domestic macros and stable policy support.
This momentum helped benchmark Nifty50 reach 26,192 (+0.5%) on Thursday, just 85 points shy of its lifetime high of 26,277 recorded in Sept’24. Market sentiments were supported by optimism around a potential India–US trade deal and a global risk-on tone following Nvidia’s better-than-expected earnings, which boosted tech shares worldwide. Broader markets lagged, with the Nifty Midcap100 and Smallcap100 closing on a flat note.
Sectorally, financial services, chemicals, oil & gas and automobiles rose 0.5%–1%, while Bank Nifty hit a fresh all-time high above 59,400, led by large private banks. Overall positioning reflected selective rotation into defensives and quality names. On the flows front, FIIs purchased equities worth ₹1,580 crore on Wednesday, supporting buoyant market sentiment.
Further, in a positive update, FPI holdings in domestic securities climbed to a 14-month high in the first half of Nov’25 with FPIs’ assets under custody rising to Rs81.53 trillion (highest since Sep’24). Globally, investors now await the FOMC meeting minutes and key US jobs data due today for direction on the US economic trajectory. Overall, we expect the market up-move to continue, tracking domestic cues, global macro data, FII flows and a potential announcement on the India–US trade agreement.
