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A small negative candle with a long upper shadow on the daily chart suggests a false breakout above 25,500. This sharp rejection from new highs indicates a potential short-term dip, according to Nagaraj Shetti of HDFC Securities.

Info Edge, PB Fintech, and Bharti Airtel reached new record highs on Thursday, with Info Edge gaining over 1% and PB Fintech surging more than 4%. Bharti Airtel, however, retreated slightly after initially hitting a fresh peak.

Indian headline indices reached record highs on Thursday, with the Nifty surpassing 25,000 and closing at 83,184.80, while the Sensex ended at 25,415.80, driven by HDFC Bank.

The IPO comprises a fresh issue of up to Rs 400 crore and an OFS of up to 1.44 crore equity shares. Additionally, the company may raise up to Rs 80 crore in a pre-IPO placement, potentially reducing the fresh issue size.

Markets regulator Sebi has amended rules to streamline the process for public issuance of debt securities aimed at providing faster access to funds for such issuers.

Historical trends underscore the impressive performance of bonds during Federal Reserve rate-cutting cycles. Since 1980, bond markets have consistently delivered substantial returns as rates were lowered. A notable example comes from April to June 1980, when an 11% rate cut coincided with an exceptional 18.8% return on the Bloomberg US Aggregate Index. Similarly, between June 1989 and September 1992, a 6.56% rate reduction drove an astonishing 46.3% return.

On the technical charts, the RSI of the stock stood at 46.24.

A 50-basis-point rate cut by the U.S. Federal Reserve on Wednesday provided a significant boost to global cryptocurrencies. Bitcoin (BTC) rose nearly 3% around 1:10 pm, trading at $62,106.92. Major altcoins, including Ethereum (ETH), Tether, BNB, Solana, XRP, Toncoin, Shiba Inu, and Cardano, increased by up to 5%.

A total of 18,401 shares changed hands on the counter till 02:10PM (IST).