On Wednesday, November 26, the Indian stock market exhibited significant gains, fueled by strong buying activity across various sectors and favorable signals from global markets. The Sensex experienced a significant rebound after three consecutive sessions of losses, increasing by 1,023 points (1.21%) to close at 85,609.51. The Nifty 50 experienced an upward movement, concluding the session at 26,205.30, reflecting an increase of 321 points (1.24%). In the meantime, the BSE Midcap index increased by 1.32%, while the Smallcap index finished 1.23% up.
Markets commenced the new expiry with a significant uptick, advancing more than a percent and completely offsetting the recent downturn. The index exhibited a positive trend from the outset, with momentum increasing as the session advanced. The Nifty concluded the session close to the day’s peak at approximately 26,205. Market participation exhibited a wide breadth, with metals, energy, and IT sectors driving the gains. Mid-cap and small-cap indices experienced an increase of over 1%, contributing to the overall positive market breadth. The rally was bolstered by a combination of domestic and international indicators. Increased confidence regarding a possible rate reduction by the US Federal Reserve in December, coupled with anticipations of a 25-basis-point repo rate cut by the Reserve Bank of India in the coming month, has positively influenced investor sentiment. Furthermore, the decline in crude oil prices—fueled by optimism regarding advancements in peace negotiations between Ukraine and Russia—offered additional backing,” stated Ajit Mishra.
Equities to Monitor :
- Paytm – The Reserve Bank of India has granted a Certificate of Authorization to Paytm Payments Services (PPSL), a wholly owned subsidiary of One 97 Communications, enabling it to operate as a payment aggregator in accordance with the Payment and Settlement Systems Act.
- Mahindra & Mahindra reported the delivery of 30,000 electric SUV units within a span of seven months, averaging approximately one sale every ten minutes. The company launched its XEV 9e and BE 6 models last November, with the objective of establishing a strong presence in India’s EV segment.
- Bajaj Auto has made its foray into the e-rickshaw market with the introduction of its latest model, Bajaj Riki. The e-rickshaw market has experienced rapid growth since the pandemic, with an addition of over 45,000 vehicles monthly, driven by the increasing demand for affordable last-mile transportation solutions.
- Asian Paints announced that its step-down subsidiary, Berger Paints Emirates Ltd Co (LLC), based in the UAE, is set to develop a second paint production facility in the region.
- Whirlpool of India plans to divest 95 lakh shares, equating to a 7.5% stake, via block deals at a minimum price of Rs 1,030 per share, totaling approximately Rs 965 crore. Reports indicate that a 90-day lock-up period will be enforced following the sale.
- Wipro announced a strategic collaboration with the Indian Institute of Science (IISc) and the Foundation for Science Innovation and Development (FSID) to jointly focus on advanced research and innovation in next-generation technologies.
- Jammu & Kashmir Bank has received approval to increase its equity share capital by up to Rs 750 crore via one or more Qualified Institutional Placements (QIP), and to secure an additional Rs 500 crore through the issuance of non-convertible debentures via private placement.
- Axis Bank has appointed Anand Viswanathan as the bank’s Chief Risk Officer, effective January 1, 2026, for a term of three years. He assumes the position previously held by Amit Talgeri and will become part of the senior management team.
- Ashoka Buildcon – Ashoka Concessions (ACL), a significant subsidiary of Ashoka Buildcon, has successfully finalized the sale of its complete shareholding in the five SPVs mentioned below to Maple Infrastructure Trust, effective November 26.
- Oberoi Realty announced that it has finalized an agreement to redevelop 4,706 sq. m of land located on Nepean Sea Road in Mumbai, anticipated to generate around 1.18 lakh sq. ft of free-sale area, according to RERA carpet measurements.
- Bank of Baroda announced on Wednesday that it has approved Rs 5,636 crore in agricultural loans during a recently concluded special outreach fortnight. The lender reported that it interacted with more than 365,000 farmers nationwide during the ‘Baroda Kisan Pakhwada’, as stated in their announcement.
- EIL has been appointed as the project management consultant for the refinery expansion initiative by Dangote Group in Nigeria. Engineers India announced on Wednesday that it has secured a contract to serve as the project management consultant for the expansion of the Dangote Group’s refinery in Nigeria. The capacity of Dangote’s Lekki refinery is set to increase to 1.4 million barrels per day from the current 650,000 barrels per day, producing Euro-V quality gasoline, diesel, jet fuel, and polypropylene, according to a statement.
- Bharti Airtel successfully raised Rs 7,195 crore by divesting a 0.56 per cent stake to long-term investors via an open market transaction. Indian Continent Investment Ltd (ICIL) serves as one of the promoter entities for the city-based Bharti Airtel. As per a regulatory filing, “The transaction garnered significant interest, with substantial orders from prominent domestic and international long-only investors.” Participation in the placements came from both new and existing shareholders of Airtel, with a significant allocation directed towards long-only investors. The bulk deal data from the National Stock Exchange (NSE) indicates that ICIL has divested a total of 3.43 crore shares, which accounts for a 0.56 per cent stake in the City-based Bharti Airtel.
- ITC Hotels unveiled a new boutique property featuring 42 keys, named Storii Akanni Naina Tikkar. “We are pleased to introduce our renowned hospitality to this stunning location.” “Storii Akanni Naina Tikkar is meticulously designed to embody the tranquility of the mountains and the cultural richness of the area, providing experiences that are profoundly personal, sensory, and connected to the land,” stated Anil Chadha.
- Studds Accessories Shares will attract attention following the company’s release of its financial results for the quarter ending September 2025. The company disclosed a consolidated net profit of Rs 20.6 crore for the quarter in question, indicating an increase of 17.9% compared to Rs 17.5 crore from the previous year. Revenue from operations increased by 6.5% to Rs 154.4 crore in the most recent September quarter, compared to Rs 145 crore in the same period of the prior fiscal year.