Sensex Today: Nifty Above 26,000, Sensex Jumps 490 Points

Nifty Breaks Out of Narrow Range

The Nifty moved out of its recent narrow range after a volatile start. It crossed the 26,000 resistance level and is now trading near 26,050. Meanwhile, the Sensex advanced sharply, gaining nearly 300 points and reaching the 85,000 mark.

However, Groww shares dropped more than 10%, hitting the lower circuit for the first time since its listing.

Sector Performance Remains Mixed

Most major indices continue to trade within a range, although volatility remains high.
However, the Nifty Bank index slipped and is down nearly 150 points. In contrast, Nifty Realty and Nifty Media are under pressure and trading weak.

Among the Nifty 500 stocks, notable losers include Inox India, KEC International, HBL Engineering, City Union Bank, Saregama India, Waaree Energies, and Godrej Agrovet.

Tech Mahindra Sees Large Block Deal

According to Bloomberg, 2.33 million shares of Tech Mahindra were traded in a block deal.

Current price: ₹1,433.90 (up ₹12.80 or 0.90%)
Day’s range: ₹1,420 – ₹1,443
Volume: 2,85,719 shares (74% higher than 5-day average)

The stock had closed 2.23% lower in the previous session. It remains 20.67% below its 52-week high and 18.53% above its 52-week low, with a market cap of ₹1,40,473.54 crore.

Market Close | Nifty Above 26,000

Benchmark indices closed on a positive note on November 19. The Nifty ended around 26,000, supported by strong buying in IT and financial stocks.

IT Index: +3%
PSU Bank: +1.2%
Bank Index: +0.5%
Media Index: –0.3%
Realty Index: –0.4%

The BSE Midcap index added 0.3%, while the Smallcap index slipped 0.3%.

Top Nifty gainers included HCL Technologies, Max Healthcare, Infosys, Wipro, and TCS.
Losers included TMPV, Coal India, Maruti Suzuki, Hindalco Industries, and Bajaj Finance.