The stock market experienced a significant increase on November 29, with the Sensex rising by 702.50 points and the Nifty increasing by 209.20 points. This rally was driven by strong performances in the pharma, infrastructure, energy, and auto sectors, which helped recover losses from the previous session.
Notable gainers on the Nifty included Bharti Airtel, Cipla, Sun Pharma, Adani Ports, and Mahindra & Mahindra. However, market sentiment remains cautious due to concerns over foreign institutional investor selling. Analysts suggest that this rebound may be temporary and advise investors to adopt a wait-and-watch approach.
The IT and banking sectors are currently considered the most stable, but any deterioration in these areas could indicate a stronger bearish trend in the market.