Representational image of a traffic signal in the foreground of the Bombay Stock Exchange’s on Dalal Street seems to reflect the mood of the stock markets
| Photo Credit: Paul Noronha

Benchmark stock indices Sensex and Nifty settled at record high levels in their third straight day of gains on Tuesday following buying in FMCG, telecom and select IT shares and FII inflows.

The 30-share BSE Sensex climbed 51.69 points or 0.06% to settle at a new lifetime high of 80,716.55. During the day, it advanced 233.44 points or 0.28% to hit a fresh record high of 80,898.30.

The NSE Nifty went up by 26.30 points or 0.11% to settle at an all-time closing high of 24,613. Intra-day, it rallied 74.55 points or 0.30 to hit a new record peak of 24,661.25.

Sensex and Nifty have been on a record-breaking run since Friday as foreign investors have turned buyers in the Indian equities ahead of the presentation of the Union budget for 2024-25. Encouraging quarterly results by blue-chips have also supported the rally despite high valuation concerns, according to analysts.

Among Sensex shares, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints were the biggest winners.

On the other hand, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement and Power Grid were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹2,684.78 crore on Monday, according to exchange data.

In Asian markets, Seoul, Tokyo and Shanghai settled higher, while Hong Kong ended lower amid dovish comments from the US Fed Chair Jerome Powell bolstering hopes of a rate cut by September.

European markets were trading lower. U.S. markets ended in positive territory on Monday.

Global oil benchmark Brent crude dipped 0.80% to $84.13 a barrel.

On Monday, the BSE benchmark climbed 145.52 points or 0.18% to settle at a new record high of 80,664.86. The NSE Nifty rallied 84.55 points or 0.35% to settle at an all-time closing high of 24,586.70.

Markets will remain closed on Wednesday for Muharram.

The BSE Sensex climbed 216.07 points to 65,436.10 in early trade on August 23.
| Photo Credit: PTI

Equity benchmark indices began the trade on a bright note on August 23 but later pared their gains to quote lower amid mixed global market trends and continuous foreign fund outflows.

The BSE Sensex climbed 216.07 points to 65,436.10 in early trade. The NSE Nifty gained 53.75 points to 19,450.20.

Later both the benchmark indices pared their early gains and were trading in the negative territory. The BSE benchmark quoted 76.55 points lower at 65,143.48 and the Nifty traded at 19,376.35, down 20.10 points.

From the Sensex pack, Tata Steel, Axis Bank, JSW Steel, Infosys, Tata Consultancy Services, Reliance Industries, UltraTech Cement and NTPC were the major gainers.

Jio Financial Services, Bharti Airtel, ITC, Kotak Mahindra Bank, IndusInd Bank and Mahindra & Mahindra were among the laggards.

In Asian markets, Tokyo and Hong Kong were quoting in the green while Seoul and Shanghai traded lower.

The U.S. markets ended on a mixed note on Tuesday.

“There are no immediate triggers which can take the market sharply up or down. Investors may wait and watch for new data expected this weekend from the U.S. Since the dollar index and the U.S. bond yields remain high, FIIs will not be strong buyers in the market,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Global oil benchmark Brent crude gained 0.15% to $84.16 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹495.17 crore on Tuesday, according to exchange data.

The BSE benchmark had eked out a marginal gain of 3.94 points or 0.01% to settle at 65,220.03 on Tuesday. The Nifty inched up 2.85 points or 0.01% to settle at 19,396.45.