Sensex settles above record 85,000 level, Nifty scales 26,000 mount on fag-end buying

A antheral walks past the caller logo of the Bombay Stock Exchange (BSE) gathering successful Mumbai. File | Photo Credit: Reuters

Benchmark Sensex closed supra the 85,000 level for the archetypal clip portion Nifty settled astatine a caller beingness precocious connected Wednesday (September 25, 2024) arsenic fag-end buying successful banking and powerfulness shares helped banal markets recoup aboriginal losses.

After a see-saw commercialized during the day, the 30-share BSE Sensex roseate by 255.83 points oregon 0.30% to settee astatine an all-time precocious of 85,169.87. During the day, it surged 333.38 points oregon 0.39% to deed a grounds intra-day highest of 85,247.42.

The NSE Nifty climbed 63.75 points oregon 0.25% to adjacent astatine a grounds precocious of 26,004.15. During the day, it went up by 92.4 points oregon 0.35% to scope a caller intra-day highest of 26,032.80.

From the 30 Sensex firms, Power Grid, Axis Bank, NTPC, Bajaj Finserv, Bajaj Finance, Tata Steel, Mahindra & Mahindra and HDFC Bank were the biggest gainers.

Tech Mahindra, Tata Motors, Titan, Kotak Mahindra Bank, State Bank of India and JSW Steel were the biggest laggards.

“After a range-bound trade, the benchmark indices inched higher towards close, led by powerfulness and banking stocks, portion mid- and small-cap indices experienced corrections driven by valuation concerns,” Vinod Nair, caput of research, Geojit Financial Services said.

The home marketplace whitethorn look short-term challenges owing to a diminution successful FIIs inflow and displacement of funds to different emerging markets owed to their inexpensive valuation, helium added.

In Asian markets, Shanghai and Hong Kong settled successful the affirmative territory portion Seoul and Tokyo ended lower.

European markets were trading mostly lower. The U.S. markets ended higher connected Tuesday (Sept. 24).

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹2,784.14 crore connected Tuesday (Sept. 24), according to speech data.

Global lipid benchmark Brent crude dipped 0.35% to $74.91 a barrel.

After oscillating betwixt highs and lows during the time connected Tuesday (Sept. 24), the BSE benchmark dipped 14.57 points oregon 0.02% to settee astatine 84,914.04. During the day, it jumped 234.62 points oregon 0.27% to standard a caller all-time intra-day highest of 85,163.23.

The Nifty eked retired a marginal summation of 1.35 points oregon 0.01% to 25,940.40. During the day, it climbed 72.5 points oregon 0.27% to deed a caller grounds intra-day precocious of 26,011.55.

Published - September 25, 2024 04:31 p.m. IST