Indian stock markets closed near record highs on Wednesday, driven by broad-based buying across sectors.
The Sensex surged 1,022.5 points (1.21%) to finish at 85,609.51, while the Nifty gained 320.5 points (1.24%) to settle at 26,205.3, crossing the key 26,200 level for the first time.
Market watchers noted that the Nifty formed a full bullish Marubozu candle, showing consistent strength from the opening to closing tick without significant selling pressure.
Analysts highlighted that the session’s higher-high structure confirms the continuation of the uptrend.
If the index sustains above the 26,000 support level, it could target all-time highs in the 26,277-26,350 range in the coming sessions.
Among Sensex stocks, Bajaj Finance, Bajaj Finserv, Sun Pharma, and Tata Motors PV led the gains, while Bharti Airtel and Asian Paints closed in the red.
All sectoral indices ended higher, reflecting positive market sentiment.
Nifty Metal topped the rally with a 2.06% gain, followed by Nifty Consumer Durables (1.75%) and Nifty Energy (1.74%).
The broader market saw healthy participation, with the Nifty Midcap 100 up 1.27% and the Nifty Smallcap 100 rising 1.36%.
Analysts attributed the rally to the festive Santa Claus effect in global markets, supported by robust retail and domestic institutional investor inflows.
Foreign institutional investor flows remained modest, yet the market maintained upward momentum.
Optimism around a potential truce between Russia and Ukraine further boosted risk appetite, creating a positive outlook for 2026.
Analysts noted that strong domestic demand, coupled with supportive global cues, has underpinned the market’s performance.
Overall, the session reflected broad-based buying across sectors, strong domestic participation, and growing investor confidence, positioning the Indian markets for potential further gains in the near term.
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