Indian stock markets on Wednesday (November 19) closed in the green, supported largely by a strong rally in IT stocks. The Nifty 50 held steady above the 26,000 mark, ending 142 points (0.55%) higher at 26,052, while the Sensex climbed 513 points (0.61%) to settle at 85,186. The banking index also stayed firm, with Nifty Bank rising 316 points (0.54%) to end at 59,216. Midcaps edged higher by 0.34%, but smallcaps lagged, slipping 0.39%.

Market sentiment improved after renewed optimism around a potential India–US trade deal, following positive remarks from the Commerce Minister.

Vinod Nair, Head of Research at Geojit Financial Services, said the rebound was fuelled by "large-cap strength and a sharp recovery in IT stocks amid revived hopes of a US Fed rate cut." PSU banks, meanwhile, rose on merger buzz and improving fundamentals.

Top Gainers: IT Stocks Dominate, Max Healthcare Jumps Most

IT majors led the rally as softer US labour data revived expectations of a Federal Reserve rate cut. A weaker dollar also added tailwinds to tech counters.

Top gainers on Nifty 50:

• Max Healthcare Institute: +4.3% - the biggest gainer of the day
• HCL Technologies
• Infosys
• Wipro
• TCS

The entire IT pack remained firmly in the green throughout the session, extending recent momentum.

Top Losers: Tata Motors Slips; Coal India, Maruti Also Down

A handful of large-cap names ended in the red despite the broader upbeat mood.

Top losers on Nifty 50:

• Tata Motors (PV): -2.7% - the worst performer of the day
• Coal India
• Maruti Suzuki
• Bajaj Finance
• Adani Ports

Weakness in auto and select financial stocks capped some of the market's upside.

Market Breadth Weak Despite Index Gains

A total of 3,214 stocks were traded on the exchanges:

• 1,409 advanced
• 1,711 declined
• 94 remained unchanged

In addition, 72 stocks hit new 52-week highs, while 148 touched fresh 52-week lows, indicating that broader markets remained under pressure even as headline indices climbed.

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