Overview
- Indian benchmarks extended gains on November 20, with the Sensex closing at 85,632 (+446) and the Nifty at 26,192 (+140) after marking fresh 52-week highs intraday.
- Early trade saw the Nifty peak at 26,136 and the Sensex at 85,471, leaving the Nifty within sight of its 26,277 all-time high.
- Foreign institutional investors turned net buyers in the previous session, purchasing Rs 1,580.72 crore, alongside continued support from domestic institutions.
- IT and financials led the advance, with Nifty IT up nearly 3% in the rebound and Bank Nifty hitting record levels, while small-caps underperformed.
- Stronger risk appetite followed Nvidia’s upbeat earnings and optimism around an India–US trade pact, though stretched valuations and narrow leadership remain key risks.