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Nifty Hits Fresh All-Time High, Surges Past 26,277 Mark After 14 Months
Nifty Hits Fresh All-Time High, Surges Past 26,277 Mark After 14 Months
The benchmark Nifty 50 touched a new all-time high on November 27, reclaiming record territory after 14 months while the Sensex opened higher on supportive global cues. The Nifty surpassed its previous peak of 26,277 set in September 2024, rising to 26,295.55 in early trade.
Sectoral Trends: IT Lags, Durables See Profit Taking
Market breadth was mildly positive across most sectors. Auto, financial services, FMCG, metals, pharma, PSU banks, private banks, realty, media and oil & gas indices opened with small gains, indicating broad but modest strength. IT stocks were the key laggards, slipping into the red, while consumer durables fell nearly half a percent on profit booking.
Why Is Nifty At A Record High Again?
The renewed surge came amid resilient global cues, with US benchmarks- the S&P 500, Dow Jones and Nasdaq- extending gains overnight as softer Treasury yields and policy optimism boosted risk appetite. Analysts also pointed to supportive domestic factors including improving corporate earnings prospects, easing valuations and expectations of upcoming rate cuts by both the US Federal Reserve and the Reserve Bank of India.
How Nifty Performed Yesterday?
The Nifty had already posted its best session in five months yesterday, closing at a 14-month high. The rally was driven by strong buying in rate-sensitive sectors on rising conviction of a December Fed rate cut and speculation of an RBI easing move next week.
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How Markets Have Fared in 2025?
Despite the recent breakout, Indian benchmarks have underperformed other Asian and emerging markets through 2025. Subdued earnings in the past year, elevated valuations, geopolitical uncertainties and persistent foreign outflows have weighed on performance. However, the backdrop is now improving as corporate earnings are picking up, valuations have cooled, expectations of rate cuts are rising and domestic inflows remain strong while foreign selling has shown early signs of moderation.
Source: News18
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Aries: You may be surprised today at some totally unexpected place or time. If you are single, quit looking at your phone or trying to figure out how you stand out. When you're really let loose, somebody nice may be enticed. If you already have someone
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