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IT, Banks Propel Sharp Rebound as Sensex Reclaims 85,000 and Nifty Tops 26,000

Strong domestic buying, boosted by optimism around an IndiaUS trade pact, underpinned the recovery.

Overview

  • Sensex rose 513.45 points to 85,186.47 and Nifty closed at 26,052.65, reversing the prior day’s dip after a muted open.
  • Nifty IT climbed about 2.97% with HCL Tech, Infosys and TCS leading gains, while Bank Nifty hit a fresh record near 59,264.
  • Exchange data showed FIIs sold roughly Rs 728.82 crore as DIIs bought about Rs 6,156.83 crore, sustaining the market’s bid.
  • Technicians flagged Nifty resistance around 26,100–26,277 with supports clustered near 25,700–25,850 as the index rebuilt momentum.
  • Near-term cues include Infosys’ Rs 18,000-crore share buyback opening Nov 20, the release of FOMC minutes, and progress on IndiaUS trade talks.