Stock Market Highlights: Nifty forms negative candle at record highs; how to trade next week

On September 27, 2024, the BSE Sensex and NSE Nifty experienced fluctuations, with the Sensex hitting a record high of 85,955.50 before closing at 85,571.85, down 264.27 points. The Nifty also reached a new high of 26,277.35 but ended at 26,178.95, down 37.10 points. The market saw mixed reactions due to profit booking and lack of significant triggers. Despite the initial gains, the indices fell as investors took profits. The session also saw notable IPO activities, with Western Carriers and Northern Arc Capital receiving strong subscriptions. The Federal Reserve’s easing cycle and Wall Street’s positive performance influenced the Indian market, but domestic factors led to a cautious approach among investors.