It was another record-breaking day for India’s frontline indices, as bullish sentiment surged in the final hour of trading today. The resurgence of buying interest propelled both the Nifty 50 and the Sensex to reach new milestones, showcasing the resilience of the market and the optimism among investors.
The Nifty 50 surged by 0.35 per cent, reaching a fresh record high of 26,032 points before closing with a gain of 0.3 per cent at 26,013 points.
Meanwhile, the S&P BSE also achieved a new all-time high of 85,247 points, rallying 0.34 per cent, and concluded the trading day with a gain of 0.28 per cent at 85,212 points.
The significant rally in the last hour of trading was driven by Power Grid Corporation, Axis Bank, NTPC, Grasim Industries, and Bajaj Finserv, all of which posted gains ranging from 1 per cent to 4 per cent. Overall, 34 of the 50 constituents of the Nifty 50 finished in positive territory.
Notably, five stocks—Power Grid Corporation, NTPC, Bajaj Finserv, M&M, and Hindalco Industries—reached new one-year highs today.
While large-cap stocks maintained their upward momentum for the fifth consecutive trading session, mid-cap and small-cap stocks struggled to sustain the rally. The Nifty Midcap 100 ended the session down 0.71 per cent at 60,419 points, and the Nifty Smallcap 100 also closed lower at 19,357 points, down 0.42 per cent compared to the previous closing price.
Easy Trip Planners: Plummets over 16%
Shares of Easy Trip Planners, one of India’s largest online tech travel platforms, tumbled 16.25 per cent in intraday today, falling below ₹35 to reach ₹34.22 apiece on reports of a block deal.
The news reports suggest that Promoter Nishant Pitti is likely to sell 8.5% stake in Ease My Trip Planners Ltd. The sale’s indicative price is set at ₹41.5 per share, said CNBC TV18 attributing the news to sources. Pitti owned 28.13% of Easy Trip Planners as of the end of the first quarter.
According to the latest shareholding data, the company’s promoters held a 64.3 per cent stake at the end of the June quarter, with Nishant Pitti being the largest promoter, holding 28.13 per cent of the stake. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) each owned 2.6 per cent, while the general public accounted for the remaining 30.5 per cent of the company’s ownership.
