Markets at record high! Top 5 stocks that contributed to Nifty's over 2000-point rally in a year

Markets at record high: The Indian stock market hit fresh milestones on Thursday, November 27, as the Nifty 50 and Sensex rose to fresh all-time highs after a gap of 14 months amid firm global cues.

The Nifty 50 hit a record high of 26,295.55, surpassing its previous lifetime peak of 26,277.35 recorded in September 2024. The Sensex rose over 400 points to a fresh peak of 86,055.86.

Globally, markets continued to cheer expectations of monetary easing. Traders are pricing in a 25-basis-point rate cut each by the US Federal Reserve and the Reserve Bank of India (RBI) in December. The Federal Open Market Committee (FOMC) meets on December 9–10, while the RBI’s Monetary Policy Committee (MPC) convenes on December 3–5.

Any rate reduction by both central banks will boost liquidity, lower borrowing costs and further support bullish sentiment in equities.

“The rally has fundamental support from potential earnings growth expected in Q3 and Q4 of FY26. The consumption boom witnessed in October will translate into impressive earnings growth. If the trend sustains, even with slight moderation after the festival season, earnings growth, going forward, will be good, warranting a rally in the market,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

The Nifty 50 has delivered strong returns in the last one year, gaining more than 8%, or over 2,000 points. On a year-to-date (YTD) basis, the index has rallied more than 11%, adding over 2,600 points, backed by resilient domestic flows, robust corporate earnings, and improving global risk appetite.

Top 5 stocks that have contributed to the rally

Here's a look at the five stocks that contributed the most to the Nifty 50's rally in the last one year:

Bajaj Finance: The NBFC stock has added 54% in the last one year, making it the top gainer in the benchmark index. It was the top gainer in today's deals as well, rising as much as 2.7% to the day's high of ₹1038.50.

However, the stock is still around 6% away from its peak of ₹1,102.45, hit in October 2025. It touched its 52-week low of ₹649.30 in December 2024. The stock has gained 13% in the last six months and 18% in the past three months. However, it has shed 4% in a month. In the long term, the scrip has given multibagger returns, rising 112% in five years.

Maruti Suzuki: The auto major has rallied 45% in this period, making it the second-best performer in the last one year. However, after a flat start, it was in the red in today's deals despite the broader market rally. It fell 0.6% to the day's low of ₹16057.20 from today's high of ₹16164.95. It is just around 4% away from its peak of ₹16,673.90, hit in October 2025.

Meanwhile, it touched its 52-week low of ₹10,725 in December last year. The stock has risen 30% in the last six months, 9.5% in three months, but has lost 2% in a month. In the long term, the scrip has given multibagger returns, rising 129% in five years.

Eicher Motors: The stock has surged 44% in the last one year. However, it was down 2% at ₹7051.25 in today's deals despite the broader market rally. It is just a little over 3% away from its peak of ₹7,287.60 hit earlier this month. Meanwhile, it touched its 52-week low of ₹4,644.10 in February 2025. The stock has risen 31% in the last six months, 15% in three months, and 2.5% in a month. In the long term, the scrip has given multibagger returns, rising 179% in five years.

Shriram Finance: The NBFC stock has rallied 43% in a year. It also hit its record high of ₹868.85 in intra-day deals today, rising 1.35%. It has now jumped 76% from its 52-week low of ₹493.60, hit in January 2025. The stock has risen 31% in the last six months, 46% in three months, and 21% in the past month. In the long term, the scrip has given multibagger returns, rising 305% in five years.

Bharat Electronics: The PSU stock has gained 35% in the last one year. However, it is flat in today's deals, down just 0.1% to ₹414.50 despite the broader market rally. Currently, the stock is almost 5% away from its peak of ₹435.95, hit in July 2025. Meanwhile, it touched it 52-week low of ₹240.15 in February 2025. The stock has risen around 8% in the last six months and 13% in three months. However, it has been flat but in the red in the last one month. In the long term, the scrip has given multibagger returns, rallying over 1000% in five years.

Meanwhile, the latest Nifty entrant — InterGlobe Aviation (IndiGo) has gained 39% in the last one year.

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.