Sensex, Nifty open at record highs on the back of IT and FMCG stocks

Sensex touched a lifetime high of 85,333, and Nifty reached a key milestone of 26,051.

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26 Aug, 2025 12:21

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In continuation of their record-breaking streak, the Sensex and Nifty 50 surged to fresh all-time highs on September 26, driven by gains in IT and FMCG stocks. This marks the sixth consecutive session of the benchmarks hitting record highs following the US Federal Reserve's initiation of its monetary easing policy, which included a 50 basis point interest rate cut starting on September 18.

At 9.20 AM, the Sensex was up 132 points or 0.2 percent at 85,302 and the Nifty 50 was up 37 points or 0.1 percent at 26,041. About 1,429 shares advanced, 1,135 shares declined, and 123 shares unchanged. Sensex touched a lifetime high of 85,333, and Nifty reached a key milestone of 26,051.

"Since the recent interest rate cut, we've seen FIIs buying heavily, especially in index futures, where around 75 percent of the positions are long," said Ruchit Jain, Lead Research Analyst at 5paisa. "In contrast, clients, including retail investors and High Net Worth Individuals (HNIs), have largely stayed on the short side. This indicates that FIIs are the main drivers of the current uptrend, with no signs of a reversal yet."

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The Nifty IT index climbed 0.7 percent, driven by gains in major stocks like Infosys, TCS, and HCLTech. After a two-day slump, Nifty FMCG recovered, rising 0.5 percent, with ITC, Nestle, and Tata Consumer leading the charge, each advancing by around 1 percent.

However, the broader market lagged behind, as both the BSE Midcap and Smallcap indices slipped 0.3 percent.

Among individual stocks, Nestle, LTIMindtree, SBI Life, Tata Consumer, and Maruti Suzuki emerged as the top Nifty 50 performers, gaining 1-2 percent. On the flip side, Hindalco, Coal India, Power Grid, ONGC, and Hero MotoCorp declined by 1-3 percent, marking the session's biggest losers.

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Shedding light on the monthly futures & options (F&O) expiry day Jain said, "We expect stock-specific momentum due to rollovers. While most sectors, excluding IT, have shown strong momentum in this series, it will be interesting to see how much of these positions roll over. However, the index itself remains positive."

On the technical front, Hardik Matalia, Derivative Analyst at Choice Broking, said that Nifty 50 is likely to face resistance at 26,050-26,100 levels and find support at 25,900, followed by 25,800.

Asia-Pacific markets rose today, led by Japan's Nikkei 225 and the Chinese market. In the US, both the Dow Jones Industrial Average and S&P 500 retreated from record highs, while the Nasdaq eked out a marginal gain of 0.04 percent. A weak consumer sentiment report released on September 24 sparked concerns about the US labour market.

Investors are now focused on the upcoming weekly US jobless claims data, set to be released today, and the August US personal consumption expenditure (PCE) index, due on September 27.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.