BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Thursday to hit new lifetime highs. While BSE Sensex crossed 85,900, Nifty50 touched 26,250.

Following a two-day decline, the Nifty FMCG index bounced back, increasing by 0.5 per cent. ITC, Nestle, and Tata Consumer led the recovery, each advancing by about 1 per cent

Trent Limited shares surged over 4% to RS 7,939 in morning trade on September 26, marking a bullish start on the bourses. The stock’s rise followed Citi’s initiation of coverage with a ‘buy’ recommendation, citing strong growth triggers ahead for the company.

Sensex and Nifty reach new all-time highs as Asian markets rally. Major gainers include IT stocks, while FIIs offload equities amid domestic buying.

The Nifty Smallcap 100 index closed 96 points or 0.50 per cent lower at 19,261 and the Nifty Midcap 100 index closed marginally higher by 4 points at 60,469.

Maruti Suzuki, Tata Motors, Shriram Finance, Grasim Industries and M&M were among the major gainers on the Nifty, while losers were ONGC, Cipla, NTPC, Hero MotoCorp, L&T.