Indian markets closed at record highs on Tuesday, with both the Sensex and Nifty reaching new levels during the trading session.
The Sensex peaked at a record 77,366.77, while the Nifty50 hit an all-time high of 23,579.05. The Nifty 50 closed up 0.39 percent at 23,557.90, and the Sensex rose 0.40 percent to 77,302.02.
The top gainers on the Nifty 50 included Shriram Finance, Power Grid Corp, Wipro, Titan Company, and Adani Enterprises. Maruti Suzuki India, Dr Reddy’s Lab, Ultra Tech Cement, Tata Steel, and Tata Motors lagged behind.
All sectoral indices posted gains, except for healthcare, pharmaceuticals, metals, media, and FMCG.
“Market sentiment remained positive amid expectations of resilient economic growth and corporate earnings,” said Varun Aggarwal, MD, Profit Idea. “The focus shifted to US retail sales data and Federal Reserve speeches ahead of a holiday. Treasuries stabilized after recent declines, while the dollar showed minimal movement.”
The key sectors driving the market included realty, consumer durables, banking, financial services, and IT. The broader market saw the BSE SmallCap rise 1.03 percent and the BSE MidCap climb 0.46 percent.
In the global market, European stocks followed Asian markets higher, with the Stoxx Europe 600 recovering modestly amidst ongoing political concerns in France. US futures held steady after the S&P 500 marked its 30th record high of the year, supported by strong earnings and economic outlook despite concerns over interest rates.
(With ANI input)