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Barometers snap 3-day losses on US Fed rate cut hopes
Nov-26-2025

Snapping the three-day falling streak, Indian equity benchmarks ended over a percent higher on Wednesday on across-the-board buying aided by a rally in global peers amid growing hopes of a US Fed rate cut and fresh foreign fund inflows. Increasing optimism surrounding a potential truce between Russia and Ukraine also bolstered the investor sentiment.

Some of the important factors in trade: 

Ind-Ra ups India’s FY26 GDP growth projection to 7%: India Ratings and Research (Ind-Ra) has raised India's GDP growth projection for the current fiscal to 7 per cent on the back of high growth in the June quarter and less impact of the US tariff hike on global growth and trade.

India’s exports in positive zone this month so far: Commerce and Industry Minister Piyush Goyal said the country's exports, which fell by about 12 per cent in October, have rebounded this month till November 21, entering the positive territory.

Size of Indian economy likely to cross $4 trillion in FY26: Chief Economic Advisor (CEA) V Anantha Nageswaran has said that the size of Indian economy is expected to cross $4 trillion in current fiscal (FY26). He said with the geopolitics in a ‘huge state of flux’, economic growth is very vital prerequisite to maintain India's standing and leverage in the global scheme of things. 

India’s data centre operators likely to invest up to Rs 60,000 crore by FY28: Credit rating agency Crisil said that data centre players in India are expected to invest Rs 55,000 to Rs 60,000 crore during FY2026 to FY2028, which will double the capacity in the range of 2.3 to 2.5 gigawatt.

Global front: European markets were trading mostly in green amid Fed rate cut hopes and signs of progress in talks to end the war in Ukraine. Asian markets settled mostly higher as weak U.S. economic data bolstered investor hopes for a Federal Reserve interest rate cut next month.  

Finally, the BSE Sensex rose 1022.50 points or 1.21% to 85,609.51 and the CNX Nifty was up by 320.50 points or 1.24% to 26,205.30.  

The BSE Sensex touched high and low of 85,644.19 and 84,478.13 respectively. There were 28 stocks advancing against 2 stocks declining on the index.   

The broader indices ended in green; the BSE Mid cap index rose 1.32%, while Small cap index was up by 1.23%.

The top gaining sectoral indices on the BSE were Metal up by 2.08%, Oil & Gas up by 1.81%, Energy up by 1.68%, Capital Goods up by 1.65% and Power up by 1.59%, while Telecom down by 0.04% was the lone losing index on BSE.

The top gainers on the Sensex were Bajaj Finserv up by 2.63%, Bajaj Finance up by 2.52%, Tata Steel up by 2.04%, Reliance Industries up by 1.99% and Sun Pharma up by 1.95%. On the flip side, Bharti Airtel down by 1.56% and Asian Paints down by 0.03% were the top losers.

Meanwhile, Chief Economic Advisor (CEA) V Anantha Nageswaran has said that the size of Indian economy is expected to cross $4 trillion in current fiscal (FY26). He said with the geopolitics in a ‘huge state of flux’, economic growth is very vital prerequisite to maintain India's standing and leverage in the global scheme of things. India currently is the fifth largest economy in the world with a GDP of around $3.9 trillion. 

CEA said the Indian economy is already sort of crossing the $4 trillion mark, in the course of the current financial year, from $3.9 trillion at the end of March 2025. He said ‘so, whatever we do with respect to greening the economy, energy transition, environment, dealing with climate change and climate volatility have to be aligned with our priorities, both in the near term and the medium term’.

He said the country is well aware of the potential consequences of global warming and climate change and more generally for agriculture environment, and coastlines, etc. He said ‘that is why we as a country are committed to achieving net zero by 2070.’

CNX Nifty touched high and low of 26,215.15 and 25,842.95 respectively. There were 44 stocks advancing against 6 stocks declining on the index.    

The top gainers on Nifty were JSW Steel up by 3.69%, HDFC Life Insurance up by 2.80%, Bajaj Finserv up by 2.55%, Bajaj Finance up by 2.51% and Jio Financial Services up by 2.39%. On the flip side, Bharti Airtel down by 1.60%, Adani Enterprises down by 0.81%, Eicher Motors down by 0.53%, SBI Life Insurance down by 0.20% and Asian Paints down by 0.13% were the top losers.

European markets were trading mostly in green; UK’s FTSE 100 increased 12.29 points or 0.13% to 9,547.20 and France’s CAC rose 6.13 points or 0.08% to 7,965.80, while Germany’s DAX lost 41.38 points or 0.18% to 23,197.80.

Asian markets settled mostly higher on Wednesday tracking Wall Streets’ gains overnight as weak US economic data bolstered investor hopes for a Federal Reserve interest rate cut next month. Japanese shares rallied, while Japanese yen strengthened after reports that the Bank of Japan (BoJ) was preparing markets for a potential interest rate hike as soon as December. Seoul shares rose after South Korea Finance Minister Koo Yun-cheol said that the country’s economy is at a turning point that will shape its growth trajectory for decade. He also pledged decisive action to curb excessive volatility in the foreign exchange market. Hong Kong shares marginally gained after the e-commerce giant Alibaba posting better than expected results in the second quarter of the ongoing fiscal. Although, Chinese shares declined as Chinese state-backed property developer Vanke's bonds tumbled, reigniting market concerns about the company's recovery prospects and broader real-estate risks. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,864.18

-5.84

-0.15

Hang Seng

25,928.08

33.53

0.13

Jakarta Composite

8,602.13

80.24

0.93

KLSE Composite

1,624.50

12.76

0.79

Nikkei 225

49,559.07

899.55

1.85

Straits Times

4,501.56

15.93

0.36

KOSPI Composite

3,960.87

103.09

2.67

Taiwan Weighted

27,409.54

497.37

1.85
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