Benchmark stock market indices extended their gains for a second consecutive session on the back of positive global cues, with buying interest lifting IT, metal and auto stocks.
The S&P BSE Sensex rose 638.12 points to settle at 85,567.48, while the NSE Nifty50 climbed 206 points to close at 26,172.40.
Vinod Nair, Head of Research at Geojit Investments Limited, said markets continued their year-end rally, aided by strong liquidity conditions and supportive global signals, as expectations of further Federal Reserve easing in 2026 underpinned growth sentiment.
“FIIs turned net buyers, reinforcing the positive tone, with IT and metals leading gains. Gold touched a record high on rate-cut expectations, robust central bank buying, sustained ETF inflows and heightened global tensions, including Ukraine’s strike on a Russian vessel,” Nair said.
He added that investors are now awaiting the third-quarter GDP estimate for policy direction, with consensus pointing to resilient growth, though caution remains due to limited progress on trade negotiations, geopolitical uncertainties and volatility in crude oil prices.
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