FIRST TRADE (September 27): Sensex, Nifty hit record highs for seventh day; Nifty IT gains 2%

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Indian equities tracking grounds gains deed caller highs for the seventh consecutive day. Sensex astatine the unfastened was up 0.1 per cent astatine 85,844.84.

V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "An important inclination emerging successful the marketplace is the wide outperformance of largecaps implicit mid and tiny caps. The outperformance has been pronounced during the past 5 trading days which saw Nifty admit by 2.85% against a specified 0.6% up determination successful the tiny headdress index."

This is simply a steadfast inclination which tin impart resilience to the marketplace and, fixed the gush of home liquidity, instrumentality it higher. It appears that astute wealth is moving from mid and tiny caps to largecaps, helium added.

IT stocks are successful absorption successful today's league aft Accenture accrued gross maturation guidance for FY25, portion posting in-line Q4 results.

Meanwhile, Asian markets traded mixed, portion the Hang-Seng traded beardown with gains of implicit 3 per cent arsenic China stimulus continues to assistance sentiments. Also, MSCI Asia Pacific ex Japan traded higher by implicit 2 per cent.

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