Indian equities surged to new peaks today (November 27), with benchmark indices powering through key milestones amid a global wave of optimism about upcoming rate cuts. Both the Nifty 50 and the Sensex climbed sharply at the open, reflecting broad-based strength as investors priced in easier monetary conditions ahead.
The Nifty 50 stretched its year-long rally further, touching a fresh lifetime high of 26,295.55, surpassing its previous record set in September 2024. The move came after a 14-month wait, as renewed buying interest in large-caps was seen. Strong global cues powered the rally, as markets braced for possible rate reductions from both the US Federal Reserve and the Reserve Bank of India in December- moves that could improve liquidity,
lower borrowing costs and reinforce bullish sentiment.
Top Stocks Driving Nifty’s 2,000-Point Rally
Over the past year, the Nifty has added more than 2,000 points- a rise of over 8 percent- supported by robust earnings and resilient domestic flows. Here are the top five stocks that contributed the most to the index’s climb, in a different sequence from the input:
1. Shriram Finance
Shriram Finance has been one of the standout movers, gaining 43 percent over the past year. The stock even touched a fresh record high of Rs 868.85 in today’s session. Its strong loan growth and improving asset quality have propelled it more than 76 percent above its 52-week low.
2. Eicher Motors
Eicher Motors has surged 44 percent in the last twelve months, driven by resilient demand in its premium motorcycle and commercial vehicle segments. The stock is now just over 3 percent away from its all-time high, supported by healthy volumes and margin strength.
3. Maruti Suzuki
India’s largest carmaker has rallied 45 percent in one year. Although the stock traded softer today, Maruti Suzuki remains only 4 percent below its record peak. Strong SUV sales, capacity expansion and stable margins contributed significantly to the index’s upward push.
4. InterGlobe Aviation
InterGlobe Aviation, operator of IndiGo Airlines, has gained 39 percent over the last year. Despite muted movement in today’s trade, improved load factors, steady yields and ongoing aircraft additions helped it become one of Nifty’s top contributors.
5. Bajaj Finance
Bajaj Finance, the benchmark’s top performer over the last year with a 54 percent jump, has added major heft to the Nifty’s rally. Though the stock has seen some near-term consolidation, its long-term performance- with over 112 percent gains in five years- remains strong.
