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Sensex, Nifty ease off peaks while media, private banks shine

The Indian indices registered new record peaks on Thursday, crossing the milestone last seen on September 27, 2024, as traders remained buoyant on anticipated rate cuts in December by the Fed and the RBI and positive signals around a potential Russia-Ukraine peace deal.Indices started the session on a high and extended buying helped BSE Sensex and Nifty 50 touched their new record peak of 86,055.86 and 26,310.45, respectively, according to information.At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.Nifty Midcap 100 index also touched new record high before settling with no change, while Nifty small-cap index shed 0.5 percent.Nifty Bank index also rallied to fresh record high of 59,866.60, closing 0.35 percent higher at 59,737.30.

Bajaj Finance, HUL, Bajaj Finserv, ICICI Bank, Shriram Finance were the top gainers on the Nifty, while losers included Eicher Motors, ONGC, Eternal, Maruti Suzuki, Bajaj Auto.On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil & gas, realty, consumer durables, energy down 0.5% each.
Rupee Close: 
On 27 Nov'25,the Indian rupee depreciated 8 paise to settle at 89.30 against the US dollar on Thursday amid a firm greenback due to its higher demand from importers and banks.The Indian currency, however, found support from foreign capital infusion into domestic stock markets and lower crude oil prices in the international market, forex experts said.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated,Indian markets steadied after a volatile session where both the Nifty and Sensex briefly touched record highs before profit booking ensued. Throughout the year, retailers emerged as the primary investors. However, the overall market performance fell short of expectations, prompting a shift towards de-risking by year-end. Market participants are now keenly watching tomorrow’s GDP print, along with key events such as the US-India deal and the RBI policy meeting. These factors will play a crucial role in determining the near-term direction for equities.
Market experts recommended five stocks to buy on Thursday-Pearl Global Industries, Kilburn Engineering, Vishnu Chemicals, Lumax AutoTechnologies, and Safari Industries (India).

(Business Correspondent)


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