Nifty opens at new all-time high as strong GDP numbers lift market sentiment

Indian Stock Market Opens at All-Time High as GDP Numbers Boost Investor Confidence

The domestic stock market started the week on a strong note as the Nifty 50 index opened at a new all-time high on Monday.

• The sharp rise came after India's strong GDP numbers boosted investor confidence and lifted expectations of a possible rate cut by the Reserve Bank of India (RBI).
• The Nifty 50 index opened at 26,325.80, marking a gain of 122.85 points (0.47 per cent).
• The BSE Sensex also began the session on a positive note, opening at 86,065.92, up 359.25 points (0.42 per cent).

Market experts said the blockbuster GDP data has provided substantial support to the indices, raising hopes that the RBI may consider a 25 basis points rate cut in its upcoming policy meeting.

Market Experts Weigh In

• Ajay Bagga, Banking and Market Expert stated that Indian markets were expected to see a strong opening due to the “stellar Q2 FY2026 GDP numbers, which came in at a blockbuster 8.2 per cent level."
• He explained that with “zero level WPI and low CPI," the GDP deflator stands at 0.5 per cent, pushing the nominal GDP to 8.7 per cent, which remains below what the Union Budget calculations require for India's economic targets.
• Baga added that the RBI MPC, meeting from December 3rd to 5th, may look at a 25 basis points rate cut to support further economic growth.

Broad-Based Buying Across Sectors

• The Nifty 100 gained 0.35 per cent, the Nifty Midcap index rose 0.37 per cent, and the Nifty Small Cap index jumped 0.65 per cent.
• Sectoral performance on the NSE was also largely positive, with Nifty Auto gaining 0.53 per cent, Nifty IT up 0.48 per cent, and metals advancing more than 1 per cent.

Technical Analysis

Sunil Gurjar, SEBI-registered analyst and Founder of Alphamojo Financial Services stated, “The Nifty 50 performed well, surging by +134 points despite trading flat in earlier sessions.

• He added that the Nifty 50 is looking the strongest out of all sectors, reaching towards its All-Time High (ATH) of 26,264.
• Technically, the price trading above all key moving averages further signals more upward momentum in the sector.

Global Market Trends

• Markets are watching US retail sales over the Thanksgiving weekend for clues about the strength of the American consumer, a major driver of the world economy.
• Oil prices have risen following the OPEC+ decision not to hike production in Q1 2026, while gold and silver continue to trade firm.

With upbeat domestic data, sector-wide gains, and positive global cues, investor sentiment remains strong as markets head into the new trading week.