MUMBAI: Indian stock markets picked up pace after a slow start on Thursday, with the Nifty index touching a fresh record high.
The Nifty climbed to a new all-time high of 26, 295.55, breaking its earlier record of 26, 277 set on September 27, 2024. It took the index 287 sessions to reach this new peak.
The Nifty extended its recent gains, reinforcing the prevailing bullish undertone after a phase of consolidation.
"The index now finds strong immediate support in the 26, 050–26, 100 region, which has consistently acted as a demand zone. On the upside, resistance has gradually shifted toward the 26, 300–26, 350 band, where selling pressure is expected to emerge and potentially limit near-term upside, " market watchers said.