Markets@11: Nifty crosses 25,000; Sensex hits 82,000

Nifty has crossed the milestone of 25,000, while Sensex has reached the landmark of 82,000. The mid-cap index has surpassed 59,200. The market, breaking records, shows signs of continued enthusiasm.

Nifty climbed from 24,000 to 25,000 in 24 trading days, adding 5,000 points (25%) over 11 months. On September 11, the index touched 20,000.

Following a reduction in windfall tax on petroleum, ONGC, Oil India, and Reliance saw gains.

Industrial metals' prices surged in the global market, boosting metal companies. The US interest rate cuts contributed to this rise. Hindalco, Hindustan Copper, Vedanta, Tata Steel, JSW Steel, NMDC, and Coal India recorded significant gains.

Mahindra & Mahindra fell nearly 3% amid underwhelming results. Hero MotoCorp and Eicher Motors dropped by 2% and 1%, respectively. Maruti Suzuki rose by 3%, and Bajaj Auto by 2%.

Infosys Technologies shares dropped by half a percent after receiving a GST notice of ₹32,000 crore. The market anticipates no significant tax liability for the company.

The rupee, gold

The rupee started strong today, aided by the global dollar index falling below 104. The dollar opened at ₹83.68, later settling at ₹83.65.

Gold in the global market is priced at $2,444. In Kerala, gold prices rose by ₹400 per sovereign, reaching ₹51,600.

Crude oil prices continue to climb, with Brent crude reaching $81.54.