After Hitting Record 85K High, Sensex Remains Flat Mid-Day

Picture courtesy dbncentre.com File Photo

Mumbai: After an initial surge to new record highs during the early trade hours, Sensex and Nifty remained largely flat around noon on September 24. Despite volatility due to the ongoing geo-political tensions, BSE Sensex had gained 80.74 points around 10.05am to reach a record high of 85,009.35 for the first time. The NSE Nifty50 rose 29.15 points, settling at 25,968.20 at the same time.

But by mid-day, the Sensex slipped 46 points or 0.05 percent to 84,882. The Nifty dropped by 10 points or 0.04 percent to 25,928. Till the time of filing of this report, about 1,712 shares advanced, 1,591 shares declined, and 95 remained unchanged.

Ever since US Federal Reserve slashed its interest rate on September 18, Nifty has been hitting fresh peaks.

According to analysts, there will be a better clarity on the impact of RBI’s rate-cut decisions on the markets until the quarterly results are seen. If the FII buying continues, there could be much higher levels by Diwali, they anticipated.