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Stock Market Today: Nifty 50 Hits Record High After 14 Months, Sensex Touches 52-Week High
Nifty surged to 26,306.95 led by foreign institutional investor inflows of ₹4,778 crore and optimism about U.S. Federal Reserve and Reserve Bank of India rate cuts.
- On Thursday, the Nifty50 index rose to a record high of 26,306.95 in morning trades, extending the previous day's rally on the National Stock Exchange.
- Hopes of a U.S. Fed rate cut and global tailwinds buoyed markets, supported by a strong rupee and gains in U.S. and Asian markets.
- The BSE Sensex advanced to a near-record high, rising to 85,745.05 after opening at 85,609.51, with sectoral indices trading higher and FIIs buying `4,778.03` crore.
- Analysts say expected earnings growth in Q3 and Q4 of FY 26 could sustain momentum, but market breadth remains mixed with Eternal, Kotak Mahindra Bank, UltraTech Cement, and Maruti among laggards.
- After a long gap since the September 27, 2024 peak, analysts warned valuation concerns may limit a sharp uptrend despite rising hopes of an RBI's Monetary Policy Committee rate cut.
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Nifty Hits Fresh High After 14 Months of Subdued Performance in Opening Session on Thursday
Get latest articles and stories on Business at LatestLY. Nifty touched a new high of 26,285.95 on Thursday, gaining 80.65 points or 0.31 per cent, marking its first new peak in 14 months as bullish sentiment returned to the markets. Business News | Nifty Hits Fresh High After 14 Months of Subdued Performance in Opening Session on Thursday.
Stock market today: Nifty 50 hits record high after 14 months, Sensex touches 52-week high
Stock market today: Bajaj Finance, Bajaj Finserv, Shriram Finance, Asian Paints, and Hindalco Industries led the Nifty 50 rally, while Eternal, HDFC Life Insurance Company, Eicher Motors, SBI Life Insurance Company and UltraTech Cement were the top losers.
·New Delhi, India
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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