Sensex Roars Back: Markets Stage Powerful Comeback as Global Tailwinds Ignite Rally

The Indian stock market staged a strong comeback on Wednesday, November 26, snapping a three-day losing streak with a broad-based rally fueled by renewed global optimism and aggressive buying across sectors.

The Sensex surged 1,023 points (1.21%) to close at 85,609.51, marking one of its sharpest single-day rebounds this month. The Nifty 50 followed suit, climbing 321 points (1.24%) to settle at 26,205.30. Midcap and small-cap indices also joined the party, rising 1.32% and 1.23% respectively, reflecting strong market-wide participation.

According to Ajit Mishra, SVP of Research at Religare Broking, the market wasted no time regaining momentum as the new derivatives expiry kicked in. Indices opened strong and stayed buoyant through the session, boosted by heavy buying in metals, energy, and IT stocks. With both mid-caps and small-caps posting over 1% gains, overall market breadth remained decisively positive.

The rally gathered strength from improving global sentiment. Hopes of a potential US Federal Reserve rate cut in December, paired with rising expectations of a 25-basis-point repo rate cut by the Reserve Bank of India next month, lifted investor confidence. Easing crude oil prices—helped by optimism around peace negotiations between Russia and Ukraine—added further fuel to the upward move.

Stocks to Watch

PaytmPaytm Payments Services has received RBI’s Certificate of Authorization, allowing it to operate as a payment aggregator—marking a key regulatory milestone for One 97 Communications.

Mahindra & Mahindra

M&M announced it has delivered 30,000 electric SUVs in just seven months, averaging one sale every ten minutes. The automaker continues expanding its EV lineup with models like the XEV 9e and BE 6.

Bajaj Auto

The company has entered the fast-growing e-rickshaw market with its newly launched Bajaj Riki, tapping into a segment adding over 45,000 vehicles each month.

Asian Paints

Its UAE subsidiary, Berger Paints Emirates Ltd Co, plans to build a second manufacturing facility to expand capacity in the region.

Whirlpool of India

Promoters are set to offload 95 lakh shares (7.5% stake) via block deals at a floor price of ₹1,030, valuing the transaction at around ₹965 crore.

Wipro

Wipro has announced a collaboration with IISc and FSID to advance research in next-generation technologies.

Jammu & Kashmir Bank

The Board has approved raising up to ₹750 crore via QIP and another ₹500 crore through non-convertible debentures.

Axis Bank

Anand Viswanathan has been appointed Chief Risk Officer for a three-year term starting January 1, 2026.

Ashoka Buildcon

Its subsidiary Ashoka Concessions has completed the sale of its entire stake in five SPVs to Maple Infrastructure Trust.

Oberoi Realty

The company has finalized an agreement to redevelop a 4,706-sq-m plot on Mumbai’s Nepean Sea Road, unlocking an estimated 1.18 lakh sq. ft of saleable area.

Disclaimer: This article is for educational purposes only. Please consult a financial advisor before making investment decisions.