Stock market benchmark indices extended their previous day’s rally in early trade on Thursday (November 27, 2025), with the Nifty hitting its fresh record high amid favourable global trends on growing hopes of a U.S. Fed rate cut and foreign fund inflows.

The 30-share Bombay Stock Exchange (BSE) Sensex advanced 313.38 points to 85,922.89 in early trade. The 50-share National Stock Exchange (NSE) Nifty rallied 90.25 points to hit an all-time high of 26,295.55. The broader index had earlier scaled its record intra-day high of 26,277 on September 27, 2024.

From the Sensex firms, Bajaj Finance, Bajaj Finserv, ICICI Bank, Larsen and Toubro, Asian Paints and Mahindra and Mahindra were among the biggest gainers.

However, Eternal, Kotak Mahindra Bank, UltraTech Cement and Maruti were among the laggards.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai Stock Exchange Composite index and Hong Kong’s Hang Seng index were trading in positive territory.

U.S. markets ended higher on Wednesday (November 26, 2025).

Foreign Institutional Investors (FIIs) bought equities worth ₹4,778.03 crore on Wednesday (November 26), according to exchange data. Domestic Institutional Investors (DIIs) also purchased stocks worth ₹6,247.93 crore in the previous trade.

“Expectation of a rate cut by the Fed and a possible Russia-Ukraine peace accord have improved sentiments for equity markets globally,” V.K. Vijayakumar, chief investment strategist, Geojit Investments Limited, said.

Brent crude, the global oil benchmark, dipped 0.48% to $62.83 per barrel.

“Global equity markets have extended their gains, buoyed by growing expectations of interest-rate cuts by the U.S. Federal Reserve. Major U.S. indices — including the S and P 500, Dow Jones, and Nasdaq — posted another session of solid advances as softer treasury yields and renewed policy optimism strengthened risk appetite. This upbeat sentiment has carried into today’s global trade, with Asian markets opening higher,” Ponmudi .R, chief executive officer (CEO) of Enrich Money, an online trading and wealth tech firm, said.

On Wednesday (November 26, 2025), the Sensex jumped 1,022.50 points or 1.21% to settle at 85,609.51. The Nifty zoomed 320.50 points or 1.24% to end at 26,205.30.

The rupee appreciated 21 paise to 87.75 against the U.S. dollar in early trade on Friday (October 17, 2025), supported by a softer American currency against major currencies and likely intervention by the Reserve Bank of India.

Forex traders said renewed foreign fund inflows and lower crude oil prices boosted investor sentiment further.

At the interbank foreign exchange market, the rupee opened at 87.91 and then gained ground and touched an early high of 87.75 against the US dollar, registering a gain of 21 paise from its previous close.

On Thursday (October 16, 2025), the rupee appreciated 12 paise to close at 87.96 against the U.S. dollar, registering gains for the second straight session.

“After weeks of drifting in uncertain waters, the currency now seems to have found a favourable current — buoyed by a softer US dollar, returning investor confidence, and the Reserve Bank’s steady hand at the helm,” CR Forex Advisors MD — Amit Pabari said.

Pabari further noted that a break below 87.50 could open the way towards 86.80–87.00, hinting at more appreciation ahead. On the other side, 88.30–88.40 acts as a sturdy resistance zone.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.16 per cent to 98.17.

“After weeks of outflows, the return of foreign money is more than just a number — it signals renewed faith in India’s growth story and stability. When capital begins flowing back, currencies often follow the same direction,” Pabari added.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India has implemented a number of free trade agreements with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU.

“We have done free trade agreements (FTAs) with many developed countries in the last three years…We are in active dialogue with the US, EU, Chile, Peru, New Zealand, and Oman,” the minister told reporters here.

“It clearly shows that India is the favoured and preferred destination both for investment and for bilateral trade,” he added.