India’s equity markets scale new peak after 14 months

MUMBAI: India’s stock benchmarks surged to record highs on Thursday, powered by cooling valuations, expectations of an earnings recovery, and a resilient economy supported by favourable fiscal and monetary policies.

The Nifty 50 rose as much as 0.40 percent to 26,310.45, while the BSE Sensex gained 0.52 percent to 86,055.86, both surpassing previous all-time highs touched in September 2024. The indexes closed little changed due to profit taking, just shy of record closing highs.

Asia’s third-largest economy is projected to have grown nearly 7 percent in the July-September quarter, and is expected to expand at 6.8 percent in the current financial year ending March 2026.