Global cues mixed; will Nifty touch all-time high today?

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

The rally on Indian equity market is likely to continue further as the SGX Nifty, an indication of the Nifty, was trading at 6380, up 30 points from Wednesday’s closing at 7:49. 

Nifty closed above the 6,300-mark for the first time since January 23 on Wednesday supported largely by PSU banks that rallied between 2-6 percent post FM’s conference wherein he urged public banks to focus on recovery of bad loans, which are high among large corporate accounts. The Nifty is only 35 points away from its all-time closing high of 6363.9.

Global cues, meanwhile, are mixed with the Wall Street ending flat after a record setting rally as investors tracked the developments in Ukraine.

In Europe stocks closed lower, with investors focused on tense negotiations between the West and Russia over the situation in Ukraine. However, Italy’s benchmark FTSE MIB closed higher by nearly 1.5 percent, after a report from Markit indicated stronger-than-expected business activity in the country.

And Asian stocks opened mixed on uninspiring Wall Street handover.

In other assets classes the Euro is on the defensive in early trade, having lost ground against many of its peers as investors made short shrift of the common currency ahead of possible policy easing by the European Central Bank.

In commodities, crude prices are weak in early trade with Nymex retreating to below USD 101 a barrel in early Asian trade on expected weak demand during refinery maintenance season in the US and Europe, while geopolitical risks over Ukraine eased.

Precious metal gold is trading in a tight range this morning, supported near USD 1,335 per ounce by weak US data, with investors waiting for developments in the Ukraine geopolitical crisis and a key jobs report for further cues.  Back home, India's Q3 current account deficit (CAD) fell below 1 percent of GDP, narrowing to just USD 4.2 billion dollars. This is the lowest in the last 18 quarters. Market watchers expect full year CAD to fall below 2 percent.

And in stock specific action, AstraZeneca has defers its delisting plans. The company's board, at a meeting yesterday, decided to seek additional information on the delisting proposal from the parent.