Stock market today: Indian stock market benchmarks- the Sensex and the Nifty 50- rose almost a per cent each to hit their fresh all-time highs on Thursday, September 26, with gains led by select automaker heavyweights, including Mahindra and Mahindra, Maruti Suzuki and Tata Motors
The Sensex reached a new record high of 85,930.43 before finishing 0.78 percent higher at 85,836.12. The Nifty 50 reached a new high of 26,250.90 but ended at 26,216.05, up 0.81 percent. While the huge caps stole the show, the mid and small-cap segments were underwhelming. The BSE Midcap index closed nearly flat, while the BSE Smallcap index fell 0.39 percent.
The market capitalization of BSE-listed corporations increased to ₹477 lakh crore from ₹475 lakh crore in the previous session, increasing investor wealth by around ₹2 lakh crore in one day. As many as 257 equities, including ITC, Mahindra & Mahindra, NTPC, Bharti Airtel, Bajaj Finserv, and Sun Pharma, reached new 52-week highs in intraday trade on BSE.
Positive global cues and gains in select auto, FMCG and other index heavyweights drove the Indian stock market benchmarks to higher levels on the monthly derivatives expiry day
Shares of Maruti Suzuki, Mahindra and Mahindra, Reliance Industries, Tata Motors, ITC and Hindustan Unilever were the top contributors to the gains in the Nifty index.As many as 41 stocks ended with gains in the Nifty 50 index.The Nifty Auto index jumped 2.26 per cent, followed by the Nifty Metal index, which rose 2.13 per cent