Daijiworld Media Network - Mumbai
Mumbai, Oct 23: India’s benchmark index Nifty 50 surged past the 26,000 marks on Thursday, reclaiming the milestone after more than a year, as strong global cues and optimism surrounding a potential US-India trade agreement lifted market sentiment.
The 50-share index gained for the sixth straight session, rising as much as 0.9% (225 points) to touch an intraday high of 26,099. The last time Nifty traded above the 26,000 level was on September 30, 2024, while its all-time high of 26,277 was recorded on September 27, 2024.

With Thursday’s uptrend, Nifty now stands just 0.4% below its record high, extending its rally to nearly 18% from the April lows. Market analysts noted that October is on track to log its second consecutive month of gains, indicating sustained investor confidence.
According to ICICI Securities, the index is likely to maintain its positive momentum in the near term, supported by favorable macroeconomic indicators and progress on the US-India trade pact. “We expect Nifty to advance towards the 26,500 level, while the 25,900–26,000 range will serve as immediate support,” analysts said.
Market experts believe that easing global uncertainty, coupled with steady foreign inflows and robust domestic earnings, could help the index scale a new record high in the coming sessions.