On Thursday, the NIFTY 50 index scaled new highs. The 50 stock index surged around 1% to hit a fresh lifetime high of 26,250.90. The benchmark index closed 0.81% higher at 26,216.05 points.

Maruti Suzuki emerged as the star performer with its stock price soaring to ₹13,383.80, marking a significant 4.68% increase from its last close. The auto giant’s robust performance was closely followed by Grasim, which saw its stock price rise by 3.15% to ₹2,745.85.

Tata Motors also made it to the list of top gainers, with its stock price climbing 3.07% to ₹993.15. This comes in the wake of the company’s recent announcement of a ₹5,586 crore investment for electric SUV production in its UK plant. However, the auto major is also expected to witness a 7% dip in its September sales volume.

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Other top performers included M&M and Shriram Finance, with their stock prices rising by 2.91% and 2.96% to ₹3,181.10 and ₹3,628.45, respectively.

On the flip side, Cipla emerged as the biggest loser with its stock price falling by 1.30% to ₹1,621.80. ONGC also witnessed a dip in its stock price by 1.17% to ₹295.20. Other stocks that faced the heat included L&T, Hero MotoCorp, and NTPC. Their stock prices slipped by 0.84%, 0.61%, and 0.34% to ₹3,762.15, ₹6,051.45, and ₹434.60, respectively.

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