SENSEX and NIFTY50 reach fresh all-time highs as Maruti, Tata Motors lead the rally

Indian equity benchmark indices, started the session flat, with the NIFTY50 briefly dipping below the 26,000 mark. However, as the session progressed, both the frontline indices climbed higher, reaching fresh all-time highs. By midday, NIFTY50 was trading near the day’s high at 26,088, up by 0.34%. Similarly, the SENSEX gained 278 points to reach 85,450. The Nifty Bank also rose by 0.22%, trading above 54,200. Meanwhile, India's VIX dropped by 5%, nearing the 12-mark.

Today is the final trading session of the September F&O series. So far, the NIFTY50 index has gained over 900 points during this series, marking the fourth consecutive F&O series to close in the green. This follows a gain of over 300 points in the August series. Notably, the NIFTY50 surpassed the historic level of 26,000 for the first time during the September series.

The NIFTY50 index exhibited a positive breadth, with 37 stocks advancing while only 13 stocks declining. However, the overall market was weak due to underperformance by the broader market indices. 1,311 stocks fell compared to 1,067 that advanced. The broader market indices traded in red, with the Nifty Midcap 100 and the Nifty Smallcap 100 declining by 0.64% and 0.37%, respectively.

Sectoral indices mostly traded higher, with Nifty Metal (+1.14%) and Nifty Auto (+0.85%) leading the gains. The Nifty Auto index hit a fresh all-time high, courtesy gains in Maruti shares. Meanwhile, Nifty Realty has emerged as a top loser, shedding 0.83%.