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.

On the technical front, Hardik Matalia, Derivative Analyst at Choice Broking, said that Nifty 50 is likely to face resistance at 26,050-26,100 levels and find support at 25,900, followed by 25,800.

The trends on Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 26,045 level, a premium of nearly 40 points from the Nifty futures’ previous close.

Indian equity benchmark indices, BSE Sensex and Nifty50, dropped in opening trade on Wednesday. While BSE Sensex was trading above