The optimistic atmosphere in the market led to a record high closing for Indian main indices on Thursday.
Sensex finished the day up 126 points, or 0.15 percent, at 81,867, while Nifty was up 59 points, or 0.24 percent, at 25,010. The Nifty closed above 25,000 for the first time in the history of the Indian stock market.
The two primary indices, the Sensex and Nifty, reached fresh all-time highs in morning trade of 82,129 and 25,078 respectively.
On the other hand, selling was observed in the midcap and smallcap equities. With 500 points or 0.85% less, the Nifty Midcap 100 index ended the day at 58,490, and the Nifty Smallcap 100 index ended the day at 18,949, down 187 points or 0.98 percent.
The biggest gainers in the Sensex pack were Power Grid, NTPC, HDFC Bank, Nestle, Maruti Suzuki, Reliance, Bharti Airtel, JSW Steel, and UltraTech Cement. The top losers were M&M, Tata Steel, Bajaj Finserv, SBI, L&T, and Tata Motors.
“Nifty has hit the 25,000 mark for the first time, reaching a high of 25,078.30 before experiencing sharp selling at these all-time high levels,” stated Mandar Bhojane, Equity Research Analyst at Choice Broking. It is anticipated that the 24,950 level will provide instant support.”
Every decline offers a chance to purchase, particularly in the vicinity of the 24,800 and 24,600 levels. It is expected that the market will maintain its strong bullishness over 24,400 levels,” he continued.
The India VIX, which measures market volatility, closed at 12.9300, down 2.42 percent.
