Sensex, Nifty hit record peaks after day-long lull; banking stocks on forefront of rally

In line with the benchmarks, Nifty Bank also rose 0.3 percent led by Axis Bank and HDFC Bank.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

In a stunning finish, the Sensex and Nifty surged to record highs in the last few minutes of trade on September 25, after spending most of the session hovering near the flatline. This marked the fifth consecutive session of record-breaking gains for the Indian benchmarks.

At close, the Sensex was up 255 points or 0.3 percent at 85,169 and the Nifty was up 72 points at 26,013. About 1,637 shares advanced, 2,148 shares declined, and 104 shares remained unchanged. In a dramatic last-minute surge, the Sensex soared to a new lifetime high of 85,247, while the Nifty reached a milestone of 26,032.

The recent rally is fueled by optimism over the US Federal Reserve's aggressive rate cut last week and expectations of sustained foreign inflows. Gains in Nifty Bank, driven by the weekly expiry of Bank Nifty F&O contracts, further bolstered the Nifty's performance.

Follow our live blog for all the market action

"The current market levels are a reflection of market fundamentals and liquidity flows," said Vaibhav Porwal, Co-founder of Dezerv. He said that there is a strong buying momentum in the market fueled by strong liquidity. "In such a scenario markets can overextend," Porwal added saying that Sensex may hit 100,000 shortly.

In line with the benchmarks, Nifty Bank also rose 0.3 percent led by Axis Bank and HDFC Bank. Meanwhile, Nifty IT and Nifty FMCG were the biggest laggards amongst sectoral indices.

The Nifty IT index slipped by over a percent, dragged down by Tech Mahindra, LTIMindtree, and Infosys, all of which saw declines of 1-4 percent. The IT index which had gained 12 percent, 13 percent, and 5 percent from June-August has been under selling pressure and has declined by nearly 2 percent so far in September.

Ajit Mishra, Senior Vice President of Research at Religare Broking, stated that the ongoing correction in IT stocks offers a favorable buying opportunity.

Also Read | EaseMyTrip cracks 20% after promoter offloads stake worth Rs 176.5 crore in a block deal

FMCG stocks were weighed down by concerns over rising competition and inflation in raw material prices, as highlighted by Emkay Global Financial Services. Nifty FMCG also fell half a percent with HUL, Dabur, and Tata Consumer Products falling between 1-4 percent.

The broader markets underperformed the benchmarks with the BSE Midcap down 0.5 percent and the Smallcap index slipping 0.4 percent. Vinod Nair, Head of Research at Geojit Financial Services, pointed to valuation concerns as the key factor behind the decline.

Bajaj Finserv, Grasim, NTPC, Axis Bank, and Power Grid led Nifty 50 gainers, rising 1-4 percent, with Power Grid up 4 percent on the government's $110 billion transmission capex boost. Goldman Sachs reiterated a 'buy' rating on Power Grid with a target of Rs 370. On the flip side, Titan, Tata Motors, Tata Consumer, Tech Mahindra, and LTIMindtree fell 1-4 percent, leading the losers.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.