Indian frontline indices closed at a record high on Thursday due to positive sentiment in the market.
At closing, Sensex ended at 81,867, up 126 points or 0.15 per cent and Nifty was up 59 points or 0.24 per cent at 25,010. It was the first time in the Indian stock market history that the Nifty closed above 25,000.
In morning trade, both main indices, Sensex and Nifty, made a new lifetime high of 82,129 and 25,078 respectively.
However, selling was seen in the smallcap and midcap stocks. The Nifty Midcap 100 index closed at 58,490, down 500 points or 0.85 per cent, and the Nifty smallcap 100 index closed at 18,949, down 187 points or 0.98 per cent.
In the Sensex pack, Power Grid, NTPC, HDFC Bank, Nestle, Maruti Suzuki, Reliance, Bharti Airtel, JSW Steel and UltraTech Cement were the top gainers. M&M, Tata Steel, Bajaj Finserv, SBI, L&T and Tata Motors were the top losers.
Mandar Bhojane, Equity Research Analyst at Choice Broking said, "Nifty has hit the 25,000 mark for the first time, reaching a high of 25,078.30 before experiencing sharp selling at these all-time high levels. The 24,950 level is expected to act as immediate support."
"Every dip presents a buying opportunity, especially near the 24,800 and 24,600 levels. The market is anticipated to remain strongly bullish above 24,400 levels," he added.
The India VIX, reflecting market volatility, dipped by 2.42 per cent to close at 12.9300.
Sensex, Nifty open lower as Trump tariffs trigger global sell-off
Indian equity indices opened lower on Thursday following a sharp sell-off in global markets after the US President Donald Trump announcement of reciprocal tariffs.
India stands less impacted by Trump tariffs than global peers: Industry
As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India's export competitiveness to the US market stands far less impacted on a relative basis compared to global peers.
Sensex, Nifty end higher ahead of US reciprocal tariffs announcement
The Indian stock market bounced back on Wednesday, with both the Sensex and Nifty closing higher, just before the reciprocal tariffs deadline set by US President Donald Trump.
Early April critical for investors’ sentiment amid key economic data: Report
Early April will be critical for market sentiment, with key economic data releases providing insights into global manufacturing, employment trends and economic activity, a report showed on Monday.
Foreign investors pump Rs 31,000 crore into Indian stocks as market rebounds
Foreign investors have injected nearly Rs 31,000 crore into Indian equity markets in the last six trading sessions of March, according to the latest depository data.
India and China make 'further progress' to resume Kailash Manasarovar Yatra: MEA
India and China have made further progress on the modalities to resume Kailash Manasarovar Yatra in 2025, the Ministry of External Affairs (MEA) said following the official consultation between Foreign Ministries of India and China, held in Bejing on Wednesday.