Sensex, Nifty score hat-trick on record highs

July 16, 2024 17:15

Continuing the record-breaking run for the third straight day, benchmark Sensex and Nifty closed at record high levels 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 per cent to settle at a new lifetime high of 80,716.55. During the day, it advanced 233.44 points or 0.28 per cent to hit a fresh record high of 80,898.30.

The NSE Nifty rose by 26.30 points or 0.11 per cent to settle at an all-time closing high of 24,613, extending the gaining streak to the third day. Intra-day, it rallied 74.55 points or 0.30 to hit a new record peak of 24,661.25.

Stock markets opened on a firm note and benchmark indices hit intra-day record high levels in the first half.

However, losses in Reliance Industries and Kotak Bank restricted gains and dragged indices from the day's highs. Sensex and Nifty have been on a record-breaking run since Friday as foreign investors have turned net buyers in the Indian equities amid growing hopes of a rate cut by the US Fed by September. Encouraging quarterly results by blue-chips have also supported the rally despite high valuation concerns, according to analysts.

« Back to LIVE

TOP STORIES

LIVE! 'As PM, I cannot let any Indian go without food'

'History Will Remember Him With Gratitude'

'During his stint as prime minister, he got 270 million people out of poverty.''This, according to the World Bank, is the fastest compression of poverty anywhere in the world.'Arvind Mayaram, the former finance secretary, recalls his...

When SC stayed summons for Manmohan in coal case

Former Indian Prime Minister Manmohan Singh was summoned as an accused in a coal block allocation case, but the Supreme Court intervened and stayed the directive. Singh, a renowned economist and politician, questioned the absence of...

Where Would India Be Without Dr Singh?

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister.Both as prime minister and finance minister, he understood the...

Kohli's Brain Fade: How India Lost Plot

Those three wickets for six runs, in a manic final 15 minutes of the day's play, undid all the good work that had gone before, asserts Prem Panicker.