Stock Market Today LIVE: Indian stock market benchmarks, Sensex and Nifty 50, pared early gains to turn flat on Thursday, February 27 as banking stocks recover. Nifty Pharma, Nifty Auto and Nifty PSU Banks were the top sectoral gainers while Nifty FMCG, Nifty Realty were the top losers.
Meanwhile, IT stocks also pared early morning rally but remained in the green. IT stocks were the top gainers after AI chipmaker Nvidia posted stromng earnings for the December quarter. Nifty IT index rose 2% but later pared gains to trade around 0.3% higher. Nifty PSU Bank, Nifty Bank, Nifty Fin Services were all down around half a percent each.
Sensex cracked 595 points to day’s low of 81,983.96 from its intra-day high of 82,579.16 while Nifty was around 0.2% lower, below 25,450 levels.
Moreover, Asian peers rose following rise in US equities in overnight deals as technology stocks continued their upward momentum. Japan’s Nikkei 225 climbed to a fresh record on Thursday, February 26, supported by what market participants described as the ‘Takaichi trade’.
The Nikkei 225 jumped 1.1% to an all-time high of 59,199.31, marking its third straight session of record closes. The broader Topix index also rallied sharply, rising 1.45% to hit a new peak.
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