Stock Market Live Updates, Indian Share Market News Today: After a muted start, Indian equity markets gathered strength on Thursday, with the Nifty 50 scaling a fresh record high.
At 11 AM, after hitting a record high of 86,055.86, the BSE Sensex was quoting at 85,984.88, up 375.37 points or 0.44 per cent. The NSE Nifty50 reached a high of 26,310.45 and was trading at 26,296.90, up 91.60 points or 0.35 percent.
Broader markets showed a mixed-to-positive trend, with the Nifty Midcap advancing 0.16 per cent, while the Nifty Smallcap added 0.07 per cent.
On the sectoral front, the Nifty Metal index led the gains on the NSE, rising 0.5 per cent, followed by the Nifty Auto index, which was up 0.35 per cent.
The Nifty Bank index also touched a fresh lifetime high of 59,802.65, gaining 0.4 per cent during the session.
Global Cues
Across Asian markets, equity benchmarks were trading firmly in the green, led by gains in Japan’s Nikkei and South Korea’s Kospi. According to Bloomberg, global equities are close to wiping out their losses for November, with the MSCI All Country World Index rising for a fifth consecutive session.
Overnight, Wall Street extended its winning streak as optimism around potential interest rate cuts continued to fuel buying interest. The S&P 500 advanced 0.69 per cent, while the technology-heavy Nasdaq gained 0.82 per cent.
Back home, a key development emerged from the foreign exchange market, with the International Monetary Fund reclassifying the rupee’s exchange rate regime from ‘floating’ to ‘crawl-like’, citing a moderation in the central bank’s forex interventions in recent times. A crawl-like arrangement refers to small, gradual adjustments in the currency to reflect inflation differentials between a country and its trading partners.
Nifty levels to watch
A sustained 15-minute close above 26,277 could trigger fresh upward momentum towards the 26,350–26,500 zone, with a potential short-term extension towards 27,000, said Ponmudi R, CEO of Enrich Money. “On the downside, immediate support is seen at 26,100–26,000, while a stronger safety buffer lies around 25,850 in the event of a sharper pullback. Momentum indicators remain supportive,” he added.