Nifty closes 0.84% higher, cooling off from intraday highs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty closed 0.84 per cent higher at 25,255.05 on Wednesday after markets reopened following the Diwali break.
- ✓While the index surged early, it fell from intraday highs due to US inflation fears.
- ✓Vikram Kasat said, “favour fundamentally strong stocks rather than chase sharp rallies” as the market momentum continues.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Markets reopened after the Diwali break with a bang on Wednesday, but couldn’t hold on.
The Nifty 50 surged to an intraday high of 25,424, before giving back nearly half its gains as hotter-than-expected US inflation data revived fears of an aggressive Federal Reserve rate hike in December, pulling the index to close at 25,255.05, up 210.40 points or 0.84 per cent.
The Sensex settled at 81,879.40, gaining 772.75 points or 0.95 per cent, well below the 1,300-point surge seen in early trade.
The Nifty has now gained around 11.1 per cent across 10 sessions, its ninth consecutive winning regular session, powered by FII inflows of roughly ₹54,000 crore in the first nine days of November, equivalent to about $5.68 billion, the strongest monthly inflow since September 2024.
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