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Nifty Surges Past 26,200 on Nvidia Boost
22 Nov
Summary
- Nifty crossed 26,200 for the first time since September 2024.
- Sensex gained 446.21 points, closing at 85,632.68.
- Nifty Bank reached a new record high for the fourth consecutive session.
Indian stock markets extended their winning momentum into a second consecutive session on November 20. The Nifty index breached the 26,200 mark for the first time since September 2024, buoyed by positive sentiment surrounding Nvidia's robust earnings and optimistic sales guidance for the fourth quarter.
The broader market indices, however, showed a mixed performance, with the BSE Midcap and smallcap indices experiencing marginal declines. In contrast, the Nifty Bank index continued its upward trajectory, marking a fresh record high for the fourth consecutive session and closing higher.
Sectoral performance was varied, with auto, capital goods, oil & gas, private banking, and energy sectors showing gains between 0.2% and 0.6%. Conversely, consumer durables, media, and PSU Bank sectors saw declines ranging from 0.3% to 1.5%.
