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News Topical, Digital Desk : The stock market is slowly moving towards new record levels. Today, the Nifty 50 index managed to close above 26050. With today's gain, the index is less than 160 points away from its all-time high. The narrowness of this gap is evident from the fact that in today's session, the Nifty gained 162 points. The market experienced pressure at the beginning of the year, however, continued buying in major stocks, coupled with continued confidence in the domestic economy, has benefited the market. The Nifty 50 has gained 18% since its March lows, meaning the index has gained nearly 4,000 points during this period.
The market's 18% rally since March hasn't been easy, but the market's leading companies have played a key role. HDFC Bank, Reliance Industries, and Bharti Airtel—these three stocks together—have contributed nearly a third of the Nifty's total gains during this rally. According to CNBC-TV18 data, these three together account for over 26% of the Nifty—with HDFC Bank alone accounting for nearly 13%, while Reliance Industries accounts for 8.6%. The rally has been seen without the participation of IT stocks. Interestingly, this surge has come without the participation of the IT sector. The sector remains under pressure. The five major IT stocks—TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra—together now account for only 13% of the index, less than HDFC Bank alone. Return of foreign investors has also benefited . Investor confidence has also been bolstered by the return of foreign direct investment (FPI). According to provisional exchange data, foreign investors bought Indian shares worth $1.2 billion on Tuesday, October 28th—the second-highest single-day investment of 2025. Since the beginning of the month, FPI inflows have surpassed $2.5 billion, compared to outflows of $9.3 billion in the September quarter. FII positions in the NSE index futures market also reflect this shift: their short positions have now fallen from 93% to around 80%. According to Sandeep Tandon, founder and CIO of Quant Mutual Fund, "FIIs' underweight positions have now reached their limit—they may see a return soon." Among Nifty 50 stocks, Bharat Electronics led the rally with a 55% gain since March, followed by Jio Financial Services with a 50% gain. Stocks like Eternal, Eicher Motors, SBI Life Insurance, and Maruti Suzuki also surged 40–45%. On the other hand, IT stocks lagged behind—Wipro and TCS fell more than 13%, while Infosys slipped 10.4%. (Disclaimer: The opinions and recommendations expressed on CNBC TV18 Hindi/CNBC Awaaz are the personal views of the experts or brokerage firms; the website or management is not responsible for them. Please consult your financial advisor or certified expert before investing.)
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