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 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.

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. 

The Sensex breached the 85,000 mark, while the Nifty crossed 26,000; midcap and smallcap stocks, however, faced a sharp sell-off.

However, traders should watch key support levels for any signs of reversal

The Nifty ends above 26,000, while the Sensex settles over 85,000 in the ongoing rally;

Metal stocks continued their upward trend, benefiting from China's stimulus announcement.