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Stock market today: The BSE Sensex and NSE Nifty closed at record high levels on Tuesday, extending their gains for the third consecutive day, primarily driven by buying in Tata Motors and HDFC Bank.
The Sensex closed at 81,455.40, up by 99.56 points or 0.12 per cent, with 16 of its components advancing and 14 ending lower. The index opened higher and surged 459.43 points or 0.56 per cent to reach an intra-day high of 81,815.27.
Similarly, the Nifty edged up 21.20 points or 0.09 per cent to settle at an all-time closing high of 24,857.30.During the day, it jumped 135.65 points or 0.54 per cent.
Vinod Nair, Head of Research, Geojit Financial Services, commented, “The domestic market ended flat, due to profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism.”
The combined market valuation of all BSE-listed companies reached the USD 5.50-trillion milestone for the first time, despite heavy volatility. Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India, and Tata Steel were among the top gainers in the Sensex pack, while Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement, and Reliance Industries were among the laggards.
Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, closed in the negative territory, while European markets were trading on a mixed note. The US markets closed higher on Monday. Brent crude, the global oil benchmark, declined 0.05 per cent to USD 79.73 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,474.54 crore on Monday, according to exchange data.
The Sensex closed at 81,455.40, up by 99.56 points or 0.12 per cent, with 16 of its components advancing and 14 ending lower. The index opened higher and surged 459.43 points or 0.56 per cent to reach an intra-day high of 81,815.27.
Similarly, the Nifty edged up 21.20 points or 0.09 per cent to settle at an all-time closing high of 24,857.30.During the day, it jumped 135.65 points or 0.54 per cent.
Vinod Nair, Head of Research, Geojit Financial Services, commented, “The domestic market ended flat, due to profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism.”
The combined market valuation of all BSE-listed companies reached the USD 5.50-trillion milestone for the first time, despite heavy volatility. Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India, and Tata Steel were among the top gainers in the Sensex pack, while Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement, and Reliance Industries were among the laggards.
Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, closed in the negative territory, while European markets were trading on a mixed note. The US markets closed higher on Monday. Brent crude, the global oil benchmark, declined 0.05 per cent to USD 79.73 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,474.54 crore on Monday, according to exchange data.
