On the sectoral front, Nifty Bank, PSU Bank, and Realty were among the top laggards. On the other hand, Auto, Energy, Financial Services, IT, Media, Metal, Pharma, Consumer Durables, and Oil & Gas settled in the green zone with marginal gains.
Earlier today, the Indian benchmark indices started the Muhurat trading session on a positive note, with the 30-share Sensex rising 121 points, or 0.14%, to 84,484.67, while the Nifty50 began the session at 25,901, up 58 points. The broader indices also started firm, with both the Nifty Midcap 100 and Smallcap 100 trading in the green.
Extending early gains, the Nifty50 rose by as much as 91 points, or 0.35%, to hit a fresh 52-week high of 25,934.35, while the Sensex climbed 704 points to achieve a new 52-week high of 84,656.56.
Technically, the Nifty remains in a bullish zone as long as it holds above 25,800, said the CEO of Enrich Money. “On the downside, the 25,600–25,500 range will act as a strong support area. A decisive move above 26,000–26,300 could open the door to fresh lifetime highs.”
Overall sentiment stays positive, backed by strong Q2 earnings, festive-season liquidity, and steady foreign investor inflows, he added.