Benchmarks off record highs; Sensex up 200 points, Nifty50 near 26,250
India equity benchmark indices were trading higher on Thursday amid positive global cues.
Around 12:10 PM, benchmarks were off record highs. BSE Sensex was trading at 85,808.09, up 198.58 points or 0.23 per cent. On the other hand, Nifty50 was trading at 26,236.15, up 30.85 points or 0.12 per cent
The NSE Nifty50 touched a high of 26,310.45, and was trading at 26,296.90 levels, up by 91.60 points or 0.35 per cent.
In the broader markets, the Nifty MidCap index reversed gains to trade flat, while the Nifty SmallCap index slipped 0.26 per cent.
Among sectors, the Nifty Metal index was the leading gainer on the NSE, rising 0.5 per cent. The Nifty Auto index was the second top gainer, up 0.35 per cent. The Nifty Bank, too, hit a new high of 59,802.65, up 0.4 per cent.
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Nifty levels to watch
A sustained 15-minute close above 26,277 can trigger fresh upside momentum toward 26,350–26,500, with a possible extension toward 27,000 in the short term, Ponmudi R, CEO of Enrich Money, said. “On the downside, immediate support is placed at 26,100-26,000, while a stronger safety zone lies near 25,850 in case of a sharper pullback. Momentum indicators remain supportive.”
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