Stocks Lighting Up the Market Today
- Markets rebound sharply, with Sensex jumping over 1,000 points and Nifty closing near the day’s high on strong global and domestic cues.
- Stock-specific action dominates, as Paytm, Bajaj Auto, Asian Paints, and Wipro move into focus on regulatory approvals, expansion, and partnerships.
- Positive sentiment builds, supported by rate-cut hopes, easing crude prices, and broad-based buying across sectors.
The Indian stock market ended Wednesday’s session on a strong note, recovering smartly after three straight days of losses. Supported by positive global cues and strong buying across sectors, benchmark indices closed sharply higher, improving overall investor sentiment.
The Sensex jumped 1,023 points, or 1.21%, to close at 85,609.51, while the Nifty 50 advanced 321 points, or 1.24%, to finish at 26,205.30. Broader markets also joined the rally, with the BSE Midcap index gaining 1.32% and the Smallcap index rising 1.23%.
Market experts said the rally was backed by expectations of a rate cut by the US Federal Reserve in December and the possibility of a repo rate cut by the Reserve Bank of India in the coming weeks. Lower crude oil prices and easing global tensions also helped lift sentiment.
“Markets opened strongly and stayed positive throughout the session. Buying was seen across sectors, with metals, energy and IT leading the gains. The Nifty ended close to its day’s high, showing strength in momentum”, said Ajit Mishra, SVP – Research, Religare Broking Ltd.
Against this backdrop, several stocks are expected to remain in focus today due to company-specific developments.
Paytm is in the spotlight after the Reserve Bank of India issued a Certificate of Authorization to Paytm Payments Services, allowing it to operate as a payment aggregator. The move is seen as a positive development for the company’s fintech business.
Mahindra & Mahindra reported strong traction in the electric vehicle space, stating that it has delivered around 30,000 electric SUVs within seven months. The company is targeting leadership in India’s EV market with its latest models, XEV 9e and BE 6.
Bajaj Auto entered the fast-growing e-rickshaw segment with the launch of its new vehicle, Bajaj Riki. With the demand for affordable last-mile transport rising steadily, this move could open a new growth avenue for the company.
Asian Paints announced that its step-down subsidiary in the UAE is planning to set up a second manufacturing unit, signalling expansion in its overseas operations.
Whirlpool of India is also in focus as its promoter plans to sell 7.5% of its stake through block deals. The transaction is expected to be worth close to Rs 965 crore, with a 90-day lock-in period after the sale.
Wipro announced a partnership with the Indian Institute of Science and FSID to work on research in next-generation technologies. The collaboration is aimed at strengthening innovation in artificial intelligence and emerging areas.
Jammu & Kashmir Bank received approval to raise up to Rs 750 crore through equity and another Rs 500 crore through debt, which could help improve its capital position.
Axis Bank appointed Anand Viswanathan as its new Chief Risk Officer from January 2026, while Ashoka Buildcon completed the sale of its stake in five SPVs to Maple Infrastructure Trust.
Oberoi Realty also drew attention after announcing a redevelopment project on Nepean Sea Road, which is expected to add significant saleable area.
With positive cues at play, markets are likely to remain active, and investors will closely track further developments in these stocks.
