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The Indian equity markets witnessed a volatile session on September 25, 2024, ultimately closing on a strong note with the Nifty index crossing the 26,000 mark for the first time. The Sensex, the benchmark index of the Bombay Stock Exchange, closed at 85,169.87, marking a gain of 255.83 points or 0.30 percent. The Nifty, the benchmark index of the National Stock Exchange, ended the day at 26,004.20, representing a rise of 63.80 points or 0.25 percent.
The day's gains were largely driven by positive performance in the power, metal, media, and realty sectors. Power Grid Corp, NTPC, Axis Bank, Grasim Industries, and Bajaj Finserv emerged as the top gainers on the Nifty. On the other hand, LTIMindtree, Tech Mahindra, Tata Consumer, Tata Motors, and Titan Company experienced losses. The BSE Midcap and Smallcap indices, however, closed down by 0.5 percent each.
The strong performance of the Indian equity markets suggests a positive sentiment among investors. This could be attributed to several factors, including improving economic indicators, favorable government policies, and strong corporate earnings. However, it is important to note that the markets remain volatile, and investors should proceed with caution. The ongoing global economic uncertainties and geopolitical tensions continue to pose risks to the market outlook.
Source: Closing Bell: Sensex up 260 pts, Nifty above 26,000 led by media, power, realty