Stock Market Updates: Sensex Opens Higher By Over 150 Points, Nifty Above 26,100; IT Top Gainer

Stock Market Updates: The domestic equity markets started the week on a positive note, with both Sensex and Nifty rising by 0.15% in the opening today, November 24. The BSE Sensex opened higher by nearly

155 points to trade at 85,390.89, while the NSE Nifty traded higher by 45 points to trade above 26,100 at 26,113.2. IT companies, including Infosys, Tech Mahindra, HCL Tech, TCS and Maruti, were the top gainers today.

However, broader markets were under pressure, with the BSE Midcap falling by 0.20% and the BSE Smallcap declining by 0.13%.

Also Read: Stocks To Watch Today: TCS, RVNL, Tata Power, HG Infra, HUDCO, IDBI Bank In Focus On November 24

Among the 30 Sensex stocks, 15 stocks were trading in green. Tech Mahindra was the top gainer rising by 2.43%, followed by Infosys, HCL Tech, TCS, Maruti, HDFC Bank, Titan and HUL. However, 15 companies were also trading in the red. The top losers were BEL, Mahindra & Mahindra, Tata Motors PV, Eternal, and Power Grid.

The market breadth was in favour of declines, as 1,489 stocks saw advances while 1,540 companies witnessed declines.

IT Stocks Surge

The information technology (IT) sector has again come into the spotlight after the stocks started rising again after a prolonged downturn, lifting benchmark indices. IT stocks, including Infosys, TCS, HCL Tech and Tech Mahindra, were the top gainers on the market today, November 24, surging by up to 2.75% in the early trade. On the Sensex, Tech Mahindra was the top gainer surging by 2.3%, Infosys rose by 2.32%, HCL Technologies jumps 1.60%, and TCS gains 0.5%.

Brokerage firm Choice said the IT stocks are at the bottom and the risks skew to the upside.

“IT sector re-rating depends on a new AI services cycle emerging, and this is largely a waiting game until the AI capex cycle moderates. We believe the wait may now be ending. Similar to the cloud build-out phase from 2016-18, the store, compute and infra layer are now in place; and while capex may still continue, we expect incremental spends on AI and services to pick up,” Choice Broking said in a note on November 24, 2025.

Defence Stocks Fall

However, defence stocks were trading in red. Shares of Hindustan Aeronautics Limited (HAL) fell 4 per cent intraday on Monday, November 24, following the mishappen of Indian fighter jet Tejas in Dubai. According to media reports, an IAF officer lost his life when a Tejas fighter jet crashed during a Dubai show on Friday. HAL is the maker of indigenous Tejas fighter jet and is facing backlash and criticism since the accident.

ther defence stocks Bharat Electronics Limited (BEL), Cochin Shipyards, Bharat Dynamics, Garden Reach Shipbuilders have fallen intraday up 1-3 per cent aftermath the mishap. Meanwhile, Nifty Defence dropped 1.45 per cent to trade at 7,998.

V K Vijayakumar, chief investment strategist of Geojit Investments Limited, said, “Previous attempts by the Nifty and Sensex to break the 2024 September high didn’t succeed since the rally lost steam on FII selling, and the expected US – India trade deal didn’t materialise. Also, there was no clarity on the earnings growth for FY27. Now things are slowly changing in favour of a rally towards a new record high. The most important catalyst for the rally will come from strong earnings growth. FY27 is likely to witness above 15% earnings growth.”

This is a strong fundamental support. A US-India trade deal may happen at any time. Weakness in the AI trade will nudge FIIs to turn buyers in India. Investors should focus on large-caps and quality midcaps with high growth potential. Small-caps, in general, continue to be over-valued, he added.

Technical View

Anand James, chief market strategist at Geojit Investments Ltd, said, “Despite the profit booking on Friday, the close was above the monthly breakout point, retains the possibilities of yet another upswing attempt, that could put the trend back onto the 26550 trajectory. While we play such prospects early in the day, inability to float above 26028-25980 would have to be taken as a loss in momentum. Nevertheless, a collapse is less expected unless 25826 gives away.”