Nifty all-time high, November 27: Indian equity indices opened Thursday’s trading session on a higher note and hit an all-time high soon after, following a rally a day ago. The NSE Nifty 50 opened 16 points or 0.06% higher at 26,221, further drifting to touch an all-time high of 26,295.55. The BSE Sensex opened 77 points or 0.09% higher at 85,686 and touched a record high of 86,055.86. The BSE Sensex crossed the 86,000 level for the first time.
The Bank Nifty opened 58 points or 0.10% higher at 59,586. Similarly, the small and mid-cap stocks were in line with benchmarks. The Nifty Midcap opened 135 points or 0.22% higher at 61,197.
“The technical construct of the market with a high FII short position is also favourable for a rally. Importantly, the rally has fundamental support from potential earnings growth expected in Q3 and Q4 of FY 26. The consumption boom witnessed in October will translate into impressive earnings growth. If the trend sustains, even with slight moderation after the festival season, earnings growth, going forward, will be good, warranting a rally in the market,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
“Nifty index settled with a big green Marubozu candlestick on the daily chart, indicating strength in prices. Chart structure is strong enough to take markets to new all-time highs,” said Vipin Kumar, Assistant Vice President of Technical Research at Globe Capital.
Let’s take a look at the key factors to watch out for today’s trading session
Early gainers and laggards
In early trade, among the Nifty 50, top gainers at this hour were Hindalco Industries, Tata Motors PV, M&M, Larsen & Toubro, and Bajaj Auto. On the flip side, the key laggards in the Nifty 50 pack included HDFC Life, Titan, Eicher Motors, Grasim Industries, and IndiGo.
Major movers on Thursday
The stocks that were the major movers in the opening trade included ICICI Bank, HDFC Bank, Bajaj Finance, Larsen & Toubro, and Axis Bank, which were the major movers in the morning trade.