# A breakout above 26,277.35 won’t just set a new record — it would officially end a 14-month consolidation and potentially trigger the next leg of Nifty’s rally.

# Key tailwinds:
1) Rising expectations of a 25 bps rate cut at the RBI MPC meet (Dec 3–5).
2) Global sentiment improves as odds of a US Fed rate cut in December increase after dovish commentary from the NY Fed.

Stocks hitting fresh 52-week highs:

1) SBI: ₹999 (CMP ₹984.45)

2) L&T: ₹4,074.60 (CMP ₹4,062)

3) Axis Bank: ₹1,292.80 (CMP ₹1,290)

4) Reliance: ₹1,571.60 (CMP ₹1,569.90)

5) Shriram Finance: ₹858.85 (CMP ₹856.60)

(Source: NSE India)

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