BREAKING NEWSSHARE MARKET

Sensex Hits Fresh Peak of 86,055 After Profit Booking Trims Gains Near Close

The Indian equity market witnessed another milestone on Friday as frontline indices scaled new intraday highs before losing steam due to late profit booking. The Sensex surged to an all-time high of 86,055.86 during the session, supported by strong banking and financial stocks, but settled at 85,720.38, up 111 points or 0.13 percent. Similarly, the Nifty 50 touched a fresh lifetime high of 26,310.45 before trimming most of its gains to close at 26,215.55, registering a marginal rise of 10 points or 0.04 percent over the previous close.

Broader market indices failed to match the benchmark performance. The BSE Midcap index ended flat, while the Smallcap index declined 0.38 percent, reflecting weaker sentiment in mid and small-cap stocks compared to large caps.

Sensex record high today: Why the rally cooled off by closing bell

The Sensex record high today was achieved in the first half of the session, but momentum weakened as traders booked profits at higher levels. Weak cues from European markets also weighed on sentiments, as major indices like the UK’s FTSE and France’s CAC were trading in the red when Indian markets closed.

Market experts believe that although the medium to long-term outlook remains positive, short-term volatility may continue until clarity emerges on the India–US trade deal and the December-quarter corporate earnings results.

Investors are now focused on the upcoming Q2 GDP data, which will provide direction on the strength of the domestic economy. Most economists are forecasting Q2 FY26 GDP growth between 7 and 8 percent, even as nominal GDP growth could show some moderation.

Sensex record high today: Top gainers and losers in Nifty 50

Buying interest was seen in select financial counters, with Bajaj Finance jumping 2.43 percent, ICICI Bank gaining 1.37 percent, and Shriram Finance rising 1.33 percent to end as the top performers on the Nifty 50 index.

On the downside, Adani Enterprises dropped 2.85 percent, Eicher Motors declined 2.70 percent, and Eternal lost 1.52 percent. As many as 29 stocks from the index ended in the red, indicating broad-based profit booking.

Sectoral performance and market breadth

Among sectoral indices, Nifty Bank outperformed by closing 0.35 percent higher at 59,737.30 after hitting a record level of 59,866.60 during the session. Nifty Financial Services also ended strong with a gain of 0.53 percent.

However, PSU Bank stocks faced pressure, with the Nifty PSU Bank index falling 0.58 percent. Other lagging sectors included Oil and Gas, Realty, and Consumer Durables, which declined by 0.73 percent, 0.72 percent, and 0.65 percent respectively.

In terms of market breadth, out of 4,327 stocks traded on the BSE, 1,989 advanced, 2,159 declined, and 179 remained unchanged, indicating a slightly negative bias despite the benchmark indices closing higher.

Market movers, volume leaders, and 52-week highs

Vodafone Idea led the volume charts on the NSE with 62 crore shares traded, followed by Patel Engineering at 22 crore shares and Jaiprakash Power Ventures at 9 crore shares.

On the BSE, 14 stocks jumped more than 10 percent, including Patel Engineering, Agri-Tech India, Cinevista, Prostarm Info Systems, Indo Us Bio-Tech, and Davangere Sugar Company.

Meanwhile, around 122 stocks touched their 52-week highs during intraday trade. Major names in this list included Reliance Industries, Axis Bank, Hero MotoCorp, Larsen and Toubro, Punjab National Bank, and Shriram Finance, signaling strong momentum in selective frontline and PSU counters.

Disclaimer:
The information provided in this blog is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instruments. Stock market investments are subject to market risks. Past performance is not indicative of future results. Readers are advised to consult a qualified financial advisor before making any investment decisions. The author and publisher are not liable for any losses or damages arising from the use of this information.

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