Mumbai, Nov 27: Indian stock markets continued their strong momentum on Thursday, with both the Sensex and Nifty hitting new record highs.

Investors remained optimistic as hopes of interest rate cuts in the US and India grew stronger, while steady buying by foreign investors further boosted sentiment across sectors.

The Nifty climbed to a fresh all-time high of 26,306.95, surpassing its previous record of 26,277.35 touched on September 27, 2024.

The Sensex also crossed a major milestone, moving past the 86,000 mark for the first time to reach 86,026.18.

Among the top performers in the Nifty50 pack were Bajaj Finance, Shriram Finance, Asian Paints, Bajaj Finserv and Larsen & Toubro, all gaining up to 2 percent.

These stocks helped support the market’s upward move. Foreign portfolio investors maintained their buying momentum, turning net buyers for the second consecutive session on Wednesday.

They invested Rs 4,778.03 crore in Indian equities, following an inflow of Rs 785.32 crore on Tuesday. This consistent buying helped keep domestic markets strong.

Market sentiment also stayed positive due to growing expectations that the US Federal Reserve may cut interest rates in December.

The Nifty had already recorded its best trading session in five months on Wednesday, closing at a 14-month high, supported by gains in rate-sensitive sectors ahead of the Reserve Bank of India’s policy meeting next week.

Asian markets were also trading higher, reflecting global optimism. Investors increased their bets that the US Fed will cut rates next month, with the CME FedWatch tool showing the probability rising sharply to around 85 per cent from just 30 percent a week earlier.

Major Asian indices, including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng, were all in the green.

US markets had also closed higher on Wednesday, adding to the positive global sentiment.

Mumbai: Mumbai woke up on Thursday to a mild and cooler morning, with minimum temperatures dipping just below 23°C. But what initially felt like a refreshing start quickly turned unsettling as commuters stepped out to find the city engulfed in a thick layer of smog. Early-morning crowds reported reduced visibility, irritation in the eyes and throat and breathing discomfort.

What began as a pleasantly crisp morning soon served as yet another reminder of Mumbai’s worsening air-quality crisis. A dense haze wrapped itself around arterial roads, housing societies, business districts and key transport corridors. Light winds offered little hope, failing to disperse the pollutants that have been accumulating continuously through November.

According to the India Meteorological Department (IMD), the city will continue to experience clear skies throughout the day, with maximum temperatures expected to rise to around 33°C by the afternoon. Meteorologists added that while the early-morning nip may persist over the coming days, there is still no indication of when the city’s deteriorating air quality might show improvement.

Mumbai’s overall Air Quality Index (AQI) touched 250 on Thursday, placing it firmly in the ‘unhealthy’ category. The jump marks a sharp increase from earlier this month, when several neighbourhoods were still registering moderate or poor AQI levels. Today’s readings show a citywide decline, with coastal belts, industrial pockets and high-density residential zones all recording problematic numbers.

The Wadala Truck Terminal emerged as the day’s most polluted spot, logging a hazardous AQI of 348. Mazgaon followed with 316, and Worli recorded 301, both falling in the severe category. Several western and eastern suburbs also fared poorly: Deonar reported an AQI of 280, while Bandra-Kurla Complex (BKC) logged 277, signalling that pollution has spread uniformly across Mumbai’s central, western and eastern corridors.

Some suburban locations performed slightly better but still fell short of healthy levels. Parel–Bhoiwada recorded the lowest AQI of the day at 173, placing it in the poor category. Malad West reported 193, followed by Powai at 210, Kandivali East at 223, and Borivali West at 227, all within the poor-to-unhealthy range.

For context, an AQI of 0–50 is considered good, 51–100 moderate, 101–150 poor, 151–200 unhealthy, and anything above 200 classified as severe or hazardous. With much of the city now above that threshold, Mumbai continues to grapple with an air-quality crisis that shows no signs of easing.

New Delhi, Nov 26: In a major boost for the public transport network in Pune, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Line 4 (Kharadi–Hadapsar–Swargate–Khadakwasla) and Line 4A (Nal Stop–Warje–Manik Baug) with Rs 9,857.85 crore outlay under Phase 2 of the Pune Metro Rail Project.

According to the Cabinet, this is the second major project approved under Phase-2, following the sanction of Line 2A (Vanaz–Chandani Chowk) and Line 2B (Ramwadi–Wagholi/Vitthalwadi). With this latest approval, Pune Metro’s network will expand beyond the 100-km milestone, a significant step in the city’s journey towards a modern, integrated, and sustainable urban transit system.

Spanning 31.636 km with 28 elevated stations, Line 4 and 4A will connect IT hubs, commercial zones, educational institutions, and residential clusters across East, South, and West Pune.

The project will be completed within five years at an estimated cost of Rs 9,857.85 crore, to be jointly funded by the Centre, the Maharashtra government, and external bilateral/multilateral funding agencies.

These lines are a vital part of Pune’s Comprehensive Mobility Plan (CMP) and will seamlessly integrate with operational and sanctioned corridors at Kharadi Bypass and Nal Stop (Line 2), and Swargate (Line 1).

“They will also provide an interchange at Hadapsar Railway Station and connect with future corridors towards Loni Kalbhor and Saswad Road, ensuring smooth multimodal connectivity across metro, rail, and bus networks,” a Cabinet communique said.

The project will be implemented by the Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will carry out all civil, electrical, mechanical, and systems works.

Pre-construction activities such as topographical surveys and detailed design consultancy are already underway, according to the Cabinet.

According to projections, the daily ridership on Line 4 and 4A combined is expected to be 4.09 lakh in 2028, rising to nearly 7 lakh in 2038, 9.63 lakh in 2048, and over 11.7 lakh in 2058.

Of this, the Kharadi–Khadakwasla corridor will account for 3.23 lakh passengers in 2028, growing to 9.33 lakh by 2058, while the Nal Stop–Warje–Manik Baug spur line will rise from 85,555 to 2.41 lakh passengers over the same period.

These projections highlight the significant growth in ridership expected on Line 4 and 4A over the coming decades.

With Line 4 and 4A, Pune will not just get more metro tracks but will also gain a faster, greener, and more connected future. These corridors are designed to give back hours of commuting time, reduce traffic chaos, and provide citizens with a safe, reliable, and affordable alternative.