Nifty extends record run ahead of Diwali; eyes 26,200

Nifty 50 climbed to a record 25,709 ahead of Diwali week, buoyed by stronger bank and FMCG earnings. Analysts at Bajaj Broking said the index could test 26,200, with dips likely drawing buyers. Festive consumption, resilient macro prints, and steady foreign inflows are anchoring sentiment. Focus shifts to heavyweight bank results, FMCG commentary on demand, and crude’s trajectory. Broader markets stay selective after mid-cap volatility, but liquidity is rotating to large caps. Options positioning signals support around 25,300 even as profit-taking emerges near new highs, strategists say into the close.