Indian equity markets opened strong on Thursday, extending the positive momentum from the previous session. The Nifty 50 touched a new all-time high of 26,284, while the Sensex gained 294 points, reflecting upbeat investor sentiment amid global market strength. Broader markets also moved higher, with Nifty Midcap and Smallcap indices posting mild gains.
Sectorally, the Nifty Metal and Auto indices led the early rally. Asian markets maintained a firm upward bias, supported by gains in Japan’s Nikkei and South Korea’s Kospi. Global equities continued their recovery, with the MSCI All Country World Index rising for the fifth consecutive session.
Wall Street closed higher overnight as expectations of future interest rate cuts boosted buying interest. Back home, a notable development came from the forex segment as the IMF reclassified India’s rupee exchange rate regime from ‘floating’ to ‘crawl-like’, indicating a more calibrated currency adjustment pattern.
Experts say a sustained close above 26,277 may push Nifty toward 26,350–26,500, with potential upside to 27,000. Support levels remain at 26,100–26,000.
Corporate action buzz kept stocks like Aryavan Enterprise, Meera Industries, Nile, Thyrocare Technologies, and Unison Metals in focus ahead of their ex-date on Friday.
