Nifty Crosses 25,000 For First Time, Sensex At All-Time High

The US Federal Reserve’s signal of a possible interest rate cut in September helped the benchmark Nifty 50 index cross 25,000 for the first time, while the Sensex also breached 82,000 points in intraday trade.

After hitting a high of 25,078, the Nifty closed at 25,011, gaining 60 points, or 0.24 per cent. The Sensex hit 82,129 before closing the day at 81,868, up 126 points, or 0.15 per cent. The Nifty had first closed above 20,000 points on September 13, 2023. The latest 5,000 points, or 25 per cent, move has come in over 219 days. Meanwhile, the latest 1,000-point move (1.2 per cent) on the Sensex took 11 sessions.

The Nifty has rallied 15 per cent this year — the best return among major global markets — amid optimism around India’s growth prospects and driven by robust flows.