The stock market ends slightly higher on Wednesday, with the NIFTY50 surpassing its previous all-time high of 25,078.30 and crossing the 25,100 level for the first time. Despite this achievement, profit booking at higher levels led to the NIFTY50 closing marginally up by 0.14% at 25,052.35, extending its winning streak to ten consecutive sessions, the best in nearly four years.
The SENSEX also touched the 82,000 mark intraday but ended slightly below 81,800, gaining 0.09%.
IT and pharmaceutical stocks were key contributors to the NIFTY50’s record close, with Nifty IT rising by 1.64% and Nifty Pharma gaining 1.14%. However, Nifty Bank underperformed, dropping by 0.26%.
Among the top performers in the NIFTY50 were LTI Mindtree, Wipro, Divi’s Lab, Bharti Airtel, and Infosys, while Maruti Suzuki, Asian Paints, Adani Enterprise, Shriram Finance, and Britannia were the top losers.
The broader market struggled, with the Nifty Midcap 100 and Smallcap 100 indices both closing in the red. Market breadth was weak as declining stocks outnumbered advancing ones.
Sector-wise, IT, healthcare, and pharma indices posted gains, while media, PSU bank, and FMCG indices closed lower. Asian markets ended mixed, with gains in Japan and Korea, but losses in Hong Kong and China.
