On Thursday, the benchmark Nifty 50 had a late surge in the afternoon, reaching a new all-time high of 25,433.35. The index closed 1.89% high at 25,388.90. All the 50 constituent stocks in Nifty 50 closed in the green, making a rare session where there were no loser stocks in Nifty 50.

Hindalco Industries led the gainers with a 4.40% surge, closing at ₹676.20.

Bharti Airtel followed suit which saw a 4.37% rise. NTPC, Shriram Finance, and Mahindra & Mahindra also posted solid gains, rounding out the top five. NTPC gained 3.90% in the session to close at ₹404.85 while Shriram Finance jumped 3.68% to ₹3400.75. Mahindra & Mahindra surged 3.26% to ₹2740.90.

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Top Gainers:

Vinod Nair, Head of Research, Geojit Financial Services said, “The bulls took charge towards the end of the day and lifted the indices to a new high, mirroring the bullish global trend. The rate-cut optimism across the globe (ECB & US Fed) has provided a positive impetus to the global market. The subsequent leg of the rally will be influenced by the outcome of domestic inflation and IIP data while the corporates core earnings are forecast to improve in Q2 on a QoQ basis.”

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