India’s Sensex and Nifty closed Wednesday at their highest levels since February 2026, with the Sensex up 0.95% to 81,879.40 and the Nifty up 0.84% to 25,255.05, according to market reports.
Foreign investors are a big part of the story. They have bought up to Rs 55,000 crore of Indian equities in November, the most in a month since September 2024, and the rupee has strengthened to 93.69 against the dollar.
For founders, a strong market helps fundraising and listings, but the picture is uneven. IT stocks lagged on Wednesday and the gains lean on banks and autos, and oil prices and foreign flows can reverse quickly.
Figures are market data and not investment advice.
Among Sensex stocks, Mahindra and Mahindra, IndiGo, Trent, Tata Steel and ITC were among the winners, while TCS, Infosys, HCL Tech and Tech Mahindra were laggards, according to The Week.
The Nifty Bank index rose 1.76% to close at 60,792.40, and heavyweight banks lifted monthly gains in the index to 11.2%, according to The Week.
The Nifty PSU Bank index gained 2.91%, according to 5paisa, and about 3%, according to a Business Standard headline.
Nifty Auto rose 2.14%, according to The Week, while 5paisa reports a gain of 1.14%, so the figure for autos differs between the two reports.
Nifty IT fell 0.53%, according to 5paisa, and Mphasis dropped more than 2.5%.
Broader indices also rose: 5paisa reports the Nifty Smallcap 100 up 1.59% and the Nifty Midcap 100 up 0.81%.
IIFL shares rose about 6% after Blackstone was reported to be set to invest Rs 5,000 crore in the company, according to The Week.
Bank deposit growth was over 17% from a year earlier, driven mainly by FCNR-B deposit schemes, according to The Week.
Foreign investors have bought up to Rs 55,000 crore of Indian equities in November, their biggest monthly purchase since September 2024, according to The Week.
Phiroze Jeejeebhoy Towers, Bombay Stock Exchange, Mumbai (file image), Wikimedia Commons, CC BY-SA 2.0