Nifty closed at 26,178.95, down 0.14%, with downward bias likely to continue if it dips below 26,150. Bank Nifty also lost 541 points, indicating a negative market sentiment.

Bulls are optimistic despite persistent selling pressure, with foreign investors showing interest in Indian stocks. Japanese markets slump amid political changes, while crude oil prices rise.

The Swiggy IPO comprises a fresh issue of equity shares worth ₹3,750 crore and an offer-for-sale of 18, 52,86,265 equity shares by existing shareholders.

The Nifty rose by 0.23%, reaching a fresh all-time high of 26,277 before closing with a 0.14% drop at 26,199. The Sensex hit a new peak of 85,978, climbing 0.16%, but ended the session at 85,615, a 0.30% fall from its previous close.

The T+0 settlement cycle allows trades to be settled on the same day they occur.

Within the first hour of trading, the Nifty surged to 25,925.80, while the Sensex reached 84,881.73, both rewriting their respective records.

The Nifty technical outlook suggests continued bullishness in both Nifty and Bank Nifty, but traders should stay cautious around key support levels to manage potential downside risk.

Market edges higher; selling pressure likely to rise, positive global cues; crude oil falls, metals surge

The Sensex hit a fresh record high of 85,930.43 before closing 0.78 percent higher at 85,836.12. The Nifty reached a fresh peak of 26,250.90 but closed at 26,216.05, up 0.81 percent. 

While showing slight gains initially and modest improvements later, Market after the first hour of trading shows Nifty and Sensex both up by 0.20%