Business

Indian Stock Market Hits Record Highs Amid Mixed Sector Performance

On Thursday, Indian stock markets reached new milestones, with both major indices closing at all-time highs.

The Sensex surged to a record close of 81,867, marking an increase of 126 points or 0.15%.

Meanwhile, the Nifty ended the day at 25,010, up 59 points or 0.24%, becoming the first time in history that the Nifty closed above the 25,000 mark.

Earlier in the day, both indices achieved new lifetime highs, with the Sensex touching 82,129 and the Nifty reaching 25,078.

However, the downturn in small-cap and mid-cap stocks tempered the enthusiasm.

The Nifty Midcap 100 index fell by 500 points, or 0.85%, to close at 58,490, while the Nifty Smallcap 100 index dropped by 187 points, or 0.98%, ending at 18,949.

Among the top performers on the Sensex were Power Grid, NTPC, HDFC Bank, Nestle, Maruti Suzuki, Reliance, Bharti Airtel, JSW Steel, and UltraTech Cement.

In contrast, M&M, Tata Steel, Bajaj Finserv, SBI, L&T, and Tata Motors were among the top laggards.

Mandar Bhojane, an Equity Research Analyst at Choice Broking, commented on the market’s performance.

He stated, “Nifty’s achievement of the 25,000 mark was a historic moment, reaching a high of 25,078.30 before encountering significant selling pressure. We anticipate the 24,950 level to provide immediate support.”

He further noted, “Dips in the market, particularly around the 24,800 and 24,600 levels, should be viewed as buying opportunities. The market is likely to maintain a bullish trend as long as it stays above 24,400.”

In terms of market volatility, the India VIX, which measures market fluctuations, fell by 2.42% to close at 12.9300, indicating a slight decrease in market uncertainty.

Also Read: APSEZ Reports Record Profits & Expands Global Footprint

Mankrit Kaur

Recent Posts

SUV Sales Surge In March As Indian Automakers Report Strong Growth

Indian automobile manufacturers recorded strong sales in March, driven by increasing demand for SUVs and…

9 mins ago

Parliament Approves Tribhuvan Sahkari University Bill

Parliament has passed the Tribhuvan Sahkari University Bill to establish India’s first cooperative sector university…

12 mins ago

India Strengthens Fight Against Naxalism; Cuts Affected Districts To Six

Union Home Minister Amit Shah said India has made significant progress in eliminating Naxalism, ensuring…

34 mins ago

Chilean President Hails PM Modi’s Global Influence During India Visit

Chilean President Gabriel Boric hails PM Modi as a key global leader, emphasizing India's rising…

35 mins ago

India Poised For Highest G20 Growth: Moody’s

Moody’s has forecasted India’s GDP growth at 6.5% for 2025-26, maintaining its position as the…

48 mins ago

Nushrratt Bharuccha Shares Her Thrilling Journey With ‘Chhorii 2’

As the sequel to the hit horror film ‘Chhorii’ approaches its release, Nushrratt Bharuccha expresses…

1 hour ago