Mumbai

Following a surge in media and energy sectors on Wednesday, Indian equities indices closed at a record high.

The Sensex and Nifty reached new all-time highs of 23,889 and 78,759, respectively, during trading hours.

At the close, the Nifty was up 147 points, or 0.62 percent, at 23,868 while the Sensex was up 620 points, or 0.80 percent, at 78,674.

Media, energy, PSU banks, fin services, and pharmaceuticals were the sectoral indexes that saw the most gains.

IT, real estate, auto, and metals were the main laggards.

In contrast to largecap equities, midcap and smallcap companies performed poorly.

At 55,245, the Nifty Midcap 100 index dropped 122 points, or 0.22 percent. Nonetheless, the Nifty Smallcap 100 index ended the day at 18,288—45 points, or 0.25 percent—higher.
Experts in the market claim that A surge in large-cap stocks, whose valuation is reasonably reasonable, helped the domestic market reach a new high. However, because of worries over valuation, profit-taking was observed in midcap and smallcap equities.
The top gainers were NTPC, Sun Pharma, ICICI Bank, UltraTech Cement, Bharti Airtel, and Axis Bank.
The biggest losers were M&M, Tata Steel, Tech Mahindra, and JSW Steel.