Stock Market Today: D-Street Erases Gains As Sensex Ends 770 Points Lower From Day's High, Nifty Below 26,000
The NSE Nifty Midcap 150 and NSE Smallcap 250 underperformed benchmark indices.
KEY HIGHLIGHTS
Nifty 50 Rallies Past 26,000 After A Year — Five Key Reasons Behind The Surge
India's benchmark index, Nifty 50, on Thursday reclaimed the 26,000 mark after over a year, as multiple tailwinds helped boost positive sentiment. The 50-stock index rose for the sixth consecutive session, after reports said India and the United States are close to a trade deal.
The Nifty 50 on Thursday gained as much as 0.9% or 225 points to hit 26,099 intraday. The last time the index was above 26,000 was Sept. 30, 2024. The all-time high of 26,277 was hit on Sept. 27, 2024.
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Post Market View: Nifty 50 Ends Flat After Erasing Most Gains On Profit-Taking
"Benchmark Nifty index crossed above 26,100 spot levels in day trade (first time since Oct 2024) but failed to hold at higher levels and fell on profit taking. The profit taking coincides with the fall in US index futures. Domestic markets are well placed on multiple chart frames till it is trading above 25600 spot levels on closing basis and likely to test 26,300 spot levels in the near term."Vipin Kumar, Assistant Vice President Technical and Derivatives Research, Globe Capital Market
Markets At Close: Nifty, Sensex End Flat
Nifty 50 ends flat, closes below the crucial mark of 26,000
Benchmark outperforms broader markets
Drag in Nifty 50 was led by Eicher motors & Eternal
Nifty Oil & Gas marks as a top sectoral losers
Drag in Nifty oil & gas led by Hindustan Petroleum Corp Ltd. and Indian Oil
Nifty IT marks as a top sectoral gainer, gains led by Infosys & HCL tech
Infosys hit an intraday high of 5 % on the back of promotor opting out of Buyback
Sectors end on a mixed note
Nifty oil & gas snaps 5 day gaining streak
Nifty Auto gained for second consecutive day
Nifty Pharma snapped a five-day gain streak
Nifty IT & Nifty Media gains for third day in a row
Rupee Closes Stronger Against US Dollar
Rupee closes 9 paise stronger at 87.84 against US dollar
It closed at 87.93 a dollar on Monday
Source: Bloomberg
Stock Market LIVE: Premier Energies To Buy 51% Stake In Transcon Industries For Rs 500 Crore
Premier Energies Ltd. will acquire 51% stake in Transcon Ind for Rs 500 crore, the company said in the exchange filing.
