Sensex, Nifty Open New Month At New All-Time High, Amid Investor Optimism Around Strong Q2 GDP Growth At 8.2%

Mumbai Stock Market Opens at All-Time High

The Indian benchmark indices have begun the new month on a strong note, reaching new all-time highs amidst optimistic investor sentiment.

Key Market Updates

• The Sensex advanced 291 points, or 0.34 per cent to 85,997 as of 9.30 am.
• The Nifty added 86 points, or 0.33 per cent to 26,289.
• The broadcap indices performed in line with the benchmarks, with the Nifty Midcap 100 up 0.28 per cent and the Nifty Smallcap 100 adding 0.58 per cent.

Top Gainers and Losers

• Gainers: SBI, Trent, Tata Steel
• Losers: Tech Mahindra, Tata Consumer, Titan Company, Bajaj Finance

Sectoral Indices

• Nifty Metal up 1.02 per cent
• Nifty auto up 0.63 per cent
• Nifty FMCG down 0.31 per cent
• Nifty chemicals down 0.08 per cent

Analyst Insights

Analysts believe that the narrow nature of the rally is the reason for most retail investors having lower portfolio values than at the previous market peak in September 2024.

However, excellent Q2 GDP numbers at 8.2 per cent, particularly the impressive growth in manufacturing, services, and final consumption expenditure, have the potential to take the market higher.

Global Market Updates

• US markets ended in the green zone overnight, with the Nasdaq advancing 0.65 per cent.
• Asian markets saw mixed results, with China's Shanghai index adding 0.43 per cent and Japan's Nikkei dipping 1.68 per cent.

Oil Prices and Institutional Investors

• Oil prices surged over 1 per cent on Monday, supported by OPEC+’s reaffirmation to hold output steady during Q1CY 2026.
• Foreign institutional investors (FIIs) sold equities worth Rs 3,672 crore on November 28, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 3,993 crore.