Taking Stock: Record rally continues as Nifty closes above 25,900, Sensex up 384 pts

Market Today

Market extended gains on the third straight session on September 23 to hit fresh record highs with Nifty crossing 25,950 amid buying across the sectors barring Information Technology stocks.

At close, the Sensex was up 384.30 points or 0.45 percent at 84,928.61, and the Nifty was up 148.05 points or 0.57 percent at 25,939.

After a positive start the market traded in a narrow range in the first half, while extended the gains in the second half with BSE Sensex and Nifty hitting fresh highs of 84,980.53 and 25,956, respectively.

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Top Nifty gainers were M&M, ONGC, Bajaj Auto, SBI Life Insurance, Hero MotoCorp, while losers were Eicher Motors, Divis Labs, ICICI Bank, Tech Mahindra and IndusInd Bank.

Among sectors, PSU Bank index rose more than 3 percent, Realty index was up over 2 percent, while auto, energy, FMCG, metal, pharma, media up 0.5-1 percent. However, Information Technology index shed 0.5 percent.

The BSE midcap index and smallcap indices were up 0.7 percent each.

Nearly 350 stocks touched their 52-high on the BSE, including, Aditya Birla Fashion, Amber Enterprises, Apollo Hospitals, Asahi India, Bajaj Auto, Bajaj Finserv, Bharti Airtel, Bikaji Foods, Blue Star, Divis Labs, Hero MotoCorp, HUL, Kalyan Jeweller, Kotak Mahindra Bank, Lloyds Metals, M&M, Mankind Pharma, Max Financial, Shyam Metalics, Sun Pharma, Suven Pharma, United Spirits, V-Mart Retail, among others. Click to view full list

Index	Prices	Change	Change%
Sensex	85,706.67	-13.71	-0.02%
Nifty 50	26,202.95	-12.60	-0.05%
Nifty Bank	59,752.70	15.40	+0.03%

Nifty 50 26,202.95 -12.60 (-0.05%)

Fri, Nov 28, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
M&M	3,757.30	76.10	+2.07%

Biggest Loser	Prices	Change	Change%
SBI Life Insura	1,966.00	-38.50	-1.92%

Best Sector	Prices	Change	Change%
Nifty Auto	27774.60	170.90	+0.62%

Worst Sector	Prices	Change	Change%
Nifty Energy	35548.30	-207.90	-0.58%

Outlook for September 24

Aditya Gaggar Director of Progressive Shares

Due to a strong gap-up opening, the Index oscillated in a well-maintained range and finally settled the trade at a record level of 25,939.05 with gains of 148.10 points. Barring IT, all the other sectors advanced with PSU Banks and Realty being the top performers.

The interest of market participants was back to the Broader markets as Midcap advanced by 0.84% while Smallcaps soared over 1% and outperformed the Frontline Index.

Considering the strong rally in the past 2 trading sessions; the Index seems to be overheated in the short run. Profit-taking correction can be expected where the zone of 25,800-25,850 will serve as a strong support area; and on the flip side, a level of 26,000 will work as a psychological barrier.

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

Nifty opened with gains and traded with a positive bias during the day to close with gains of ~148 points. On the daily charts we can observe that the Nifty is rising steadily towards the upper end of the rising channel 26000 – 26100 zone. The divergence on the daily and hourly time frame momentum indicator is hinting towards caution however until there is specific evidence of a weakness on the price front, we shall continue to ride the upmove with a trailing stoploss mechanism which should be kept at 25700.

Bank Nifty has witnessed follow-through buying interest after closing at an all-time high in the previous trading session. The Bank Nifty is heading towards 55000. Intermediate pullbacks or intraday dips should be used as a buying opportunity. The support zone is now placed at 53350 – 53500 as per the principle of role reversal.

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