NIFTY50, SENSEX trade at all time high levels, NIFTY metals jumps 1.2%

After opening on a positive note, the Indian benchmark indices recorded a fresh new all-time high. By mid-day, the NIFTY50 index was trading around the 25,350 level, having shed about 80 points from its intraday peak of 25,445.70. The SENSEX, while managing to hold on to modest gains of 0.12%, was trading at 83,000. Similarly, the Nifty Bank index remained in the green with an indecision candle, gaining 150 points and hovering just around the 52,100 mark. Meanwhile, the India VIX index jumped by about 1.67% to level of 12.75.

In the NIFTY50 index, 37 stocks advanced, while 13 stocks declined. The top three gainers were Mahindra & Mahindra(+1.53%), NTPC (+1.44%), and Eicher Motors (+1.23%). On the flipside, Bajaj Finance (-3.14%), Hindustan Unilever (-2.57%), and Bajaj Finserv (-2.31%) were the top three laggards in the index.

On the sectoral front, many of the sectoral indices traded in positive territory, with Nifty Media leading the pack with a gain of 0.72%, followed by Nifty Healthcare and Nifty Energy, which rose by 0.64% and 0.54%, respectively.

The Nifty Healthcare index hit a fresh record high, having surged 38% so far in 2024 and 50% over the past year. In broader markets, the Nifty Midcap 100 outperformed the frontline indices, rising 0.14% to cross the 60,400 mark for the first time in early trading. Meanwhile, the Nifty Smallcap index slipped into the red, falling by 0.14%. Among sectors, hardware, technology and equipment stocks soared over 2.5%. Market breadth was evenly split, with 1,347 stocks advancing and 1,271 declining.