Earlier today, the Sensex reached an all-time high of 85,058, while the Nifty climbed to a new milestone of 25,981, just 19 points short of breaching the 26,000 level
Sensex and Nifty remained largely flat around noon on September 24, after an initial surge to new record highs. Nifty has been hitting fresh peaks since the US Federal Reserve’s 50 bps rate cut on September 18, with global optimism adding fuel to the rally.
By mid-day, the Sensex slipped 46 points or 0.05 percent to 84,882, while the Nifty edged down 10 points or 0.04 percent to 25,928. About 1,712 shares advanced, 1,591 shares declined, and 95 shares were unchanged.
Earlier today, the Sensex reached an all-time high of 85,058, while the Nifty climbed to a new milestone of 25,981, just 19 points short of breaching the 26,000 level.
“The market should remain sidelined until we see quarterly results and gain better clarity on RBI’s rate-cut decisions and the Fed’s next moves.
Mirroring the benchmarks, both the BSE Midcap and Smallcap indices were flat.Investors now turn their focus to the upcoming US PCE inflation data, set to be released on September 27, which could offer more clarity on the Fed’s future rate moves.
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