Sensex, Nifty off record highs; Smallcaps shine; IEX surges 5%, Hind Copper 3%

Indian stock markets were ruling higher on Monday, December 1, with the benchmark indices hitting record highs, after the Q2FY26 gross domestic product (GDP) growth surged to a six-quarter high of 8.2 per cent.

The BSE Sensex index was off highs at 85,800 levels, up 93.55 points or 0.11 per cent around 11 AM, after hitting an all-time high of 86,159 in opening deals. The Nifty50, meanwhile, was at 26,234, higher by 31 points or 0.12 per cent. It hit a record high of 26,325.8 earlier today.

Adani Ports, Bharat Electronics, SBI, Tata Motors PV, Tata Steel, L&T, Trent, HCL Tech, Infosys, Reliance Industries, M&M, NTPC, and Sun Pharma were some of the top gainers on the Sensex today, advancing up to 1.3 per cent.

On the downside, only ITC, Bajaj Finance, and Titan were in the red, down up to 1.13 per cent.

In the broader markets, the Nifty MidCap index jumped 0.11 per cent and the Nifty SmallCap index added 0.39 per cent.

Among sectors, the Nifty Bank index hit a record high, topping the 60,000-mark for the first time ever. The index gained 0.5 per cent and touched a new high of 60,114.05.

Besides, the Nifty Metal, and the Nifty PSU Bank indices rose 0.8 per cent each.