Smallcaps hit all-time high even as Nifty, Sensex remain directionless
Nifty 50 closes at 24,624.65, up a marginal 9.75 points or 0.04%, while Sensex adds 152 points or 0.19% to settle at 78,581
On Wednesday, smallcap stocks achieved a new all-time high, despite the Nifty 50 and Sensex remaining directionless. The Nifty 50 closed at 24,624.65, up by 0.04%, while the Sensex rose 0.19% to 78,581. The Nifty Smallcap 100 reached a record high of 19,823.65, breaking out of a six-week consolidation range. Positive investor sentiment was fueled by the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25% and maintain a neutral policy stance.
Market breadth was positive, with a BSE advance-decline ratio of 1.20. Metal, auto, and realty sectors were the top gainers, while media, FMCG, and private banks lagged. The Indian rupee recovered to close 26 paise higher at 85.12 against the US dollar. Gold and Brent crude settled near $4,152 per ounce and $80.5 per barrel, respectively.
Earnings reports from companies like Trent, LIC, Hero MotoCorp, and Britannia Industries will be closely watched on Thursday, along with US ADP Employment Change data on Friday.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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