Final Trade: Sensex climbs 1,961 pts, Nifty settles above 23,900 in a stunning rebound

The Indian stock market soared on November 22, with the BSE Sensex skyrocketing over 2,000 points to touch 79,200, while the Nifty 50 climbed 2.6 percent to 23,956.1. Gains were primarily driven by heavyweights like Reliance Industries, Infosys, and TCS, boosting overall market sentiment.

At 3 PM, the Sensex stood at 79,095, up 1,940 points or 2.51 per cent, while the Nifty 50 traded at 23,905, rising 555 points or 2.38 percent. Earlier in the session, the Sensex opened at 77,349.74, and the Nifty at 23,411.80, before continuing their strong upward trajectory.

Broad-based buying was evident as mid and small-cap indices gained nearly half a percent each, indicating positive sentiment across the market spectrum.

This robust rebound comes a day after both indices fell by over half a per cent, driven by global uncertainties and Adani Group’s stock turmoil. The sharp recovery on Friday reflects renewed investor confidence, underpinned by optimism in large-cap stocks and key sectors such as IT and energy.

Stay tuned as the markets close for potential record-setting levels amid strong investor momentum.