Mumbai, Dec 1 (LatestNewsX) – The city’s benchmark stocks launched the month at record‑setting levels, driven by traders’ confidence in India’s robust 8.2 % growth in second‑quarter GDP.
By 9:30 am, the Sensex was up 291 points (0.34 %) at 85,997, while the Nifty added 86 points (0.33 %) to reach 26,289. Broad‑cap names moved in step with the blue‑chips: the Nifty Midcap 100 slipped 0.28 % and the Nifty Smallcap 100 rose 0.58 %.
Among the top performers in the Nifty Pack were SBI, Trent and Tata Steel; losses were led by Tech Mahindra, Tata Consumer, Titan Company and Bajaj Finance.
All NSE sector indices were in the green except for the Nifty FMCG, down 0.31 %, and the Nifty chemicals, down 0.08 %. The strongest gains came from metals (up 1.02 %) and auto (up 0.63 %).
Analysts highlighted that even as the indices hit new highs, many retail investors still hold smaller portfolios than at the September 2024 peak. They attribute this gap to the narrowness of the rally, noting that 330 stocks in the NSE 500 have not yet recovered to their September 2024 highs.
The impressive Q2 GDP data—especially the solid expansion in manufacturing, services and final consumption—could push the market further up, one analyst said, adding that a rate cut by the RBI’s MPC on Friday seems unlikely given the economy’s strong performance.
U.S. markets finished the night in the green: the Nasdaq gained 0.65 %, the S&P 500 fell 0.54 % and the Dow added 0.61 %.
Across Asia, Shanghai rose 0.43 % and Shenzhen climbed 0.99 %, while Japan’s Nikkei slid 1.68 %. Hong Kong’s Hang Seng gained 0.77 % and South Korea’s Kospi fell 0.12 %.
Oil prices surged more than 1 % on Monday, helped by OPEC+’s decision to keep output steady for the first quarter of 2026 and by concerns over supply‑chain stability amid geopolitical tensions.
On Nov 28, foreign institutional investors sold equities worth ₹3,672 crore, whereas domestic institutional investors bought equities worth ₹3,993 crore.
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