Nifty touched an all-time high, Sensex closed at 573, these were the main reasons behind the market boom.

News Topical, Digital Desk : The domestic stock market witnessed a strong rally on Friday. Due to positive global cues and buying in big stocks, both Sensex and Nifty were seen trading with a gain of more than half a percent. Nifty made an all-time high today. It closed at 26,328.55 with a gain of 182.00 or 0.70%. Sensex jumped 573.41 points to close at 85,762.01. Nifty's previous all-time high was 26326.

Hindalco Industries, Coal India, and Bharat Electronics were the top gainers in the Nifty 50 pack, rising around 2% each. On the other hand, ITC and Bajaj Auto were weak, losing up to 4%.

Bank Nifty made a new all-time high

Bank stocks witnessed strong buying on Friday after positive business updates for the December quarter, pushing the Bank Nifty index to a new record high. The Bank Nifty rose 0.73 percent to hit an all-time high of 60,152.35, surpassing its previous peak of 60,114.30 recorded on December 1, 2025.

The Nifty PSU Bank index gained 1.08 percent, while the Nifty Private Bank index rose 0.56 percent. Both indexes hit new lifetime highs during the session.

Bank Nifty's top gainers

Yes Bank was the biggest gainer on the Bank Nifty, with its shares rising more than 3 percent to 22.15 rupees on the NSE. Shares of Union Bank of India and IndusInd Bank gained 2.09 percent and 1.39 percent, respectively.

Punjab National Bank, ICICI Bank and Bank of Baroda were also among the gainers, rising up to 1 per cent.

The main reasons for the market boom

1. Strong signals from global markets

In Asian markets, South Korea's Kospi, China's Shanghai SSE Composite, and Hong Kong's Hang Seng were trading in the green. Meanwhile, US futures were up 0.7%, indicating a strong opening on Wall Street.

2. Buying large stocks

Investors continued to buy large-cap stocks, with Reliance Industries gaining nearly 1% for the second consecutive session, supporting the market.

3. Expectations for December quarter results

G Chokkalingam, founder and research head at Equinomics Research, told Reuters that monthly sales data from auto companies and business updates from other sectors are pointing to improvement in earnings in the December quarter, which has strengthened the market.

4. Strength in the rupee

In the currency market, the rupee traded in a narrow range, strengthening by 6 paise to 89.92 against the dollar. Forex traders said the dollar-rupee pair is expected to remain range-bound as the RBI has maintained the 90 level, although continued selling by foreign investors is keeping some pressure on the market.

5. Continued buying of auto stocks

Auto stocks continued their rally after auto companies released sales figures for December. The Nifty Auto index rose nearly 1%, marking its fourth consecutive session of gains.

Read More: Nifty touched an all-time high, Sensex closed at 573, these were the main reasons behind the market boom.