Nifty all-time high, November 27: Indian equity indices came off their early record highs to trade in the red. The NSE Nifty 50 was down 54 points or 0.21% lower at 26,154, after touching an all-time high of 26,310.45. The BSE Sensex fell 80 points or 0.09% to trade at 85,530. The 30-pack index touched a record high of 86,055.86 in intra-day trade. 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.
“Nifty crossing an all-time high reflects strong market confidence and steady economic momentum. Such milestones show that trends are shaped by patience, discipline and data, not short-term noise. Credit goes to the government, policymakers and retail investors who have supported the economy through uncertainties. It is truly a moment to celebrate,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities, after indices touched lifetime highs.
“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.
