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Sensex, Nifty Close Near Record Highs on Fed Cut Hopes and Global Risk Rally

Rate‑cut hopes following softer U.S. data strengthened global risk appetite, propelling India’s market advance.

Overview

  • Nifty ended at 26,205, just 72 points below its all‑time high, while Sensex closed at 85,609, within roughly 370 points of its peak.
  • Autos, metals, PSU banks, pharma and consumer shares led broad gains after three days of global advances tied to rising expectations of a December U.S. Fed rate cut.
  • BSE market capitalization increased from ₹469.41 lakh crore to ₹473.65 lakh crore, adding about ₹4.24 lakh crore in investor wealth during the session.
  • A‑1 Ltd hit a 5% upper circuit at a fresh 52‑week high after disclosing a 25,000‑MT industrial urea order with a base value of ₹127.5 crore (₹150.45 crore including GST).
  • Hazoor Multi Projects rose over 8% after announcing a ₹13.87‑crore NHAI mandate for toll operations and maintenance, while Sindhu Trade Links had rallied about 6% on November 24 on heavy volumes.