Stock Market Today: Sensex Closes Above 83,000; Nifty Ends At Record High
The Nifty 50 settled 34.80 points or 0.14% higher at 25,418.55, and the Sensex ended 90.88 points or 0.11% higher at 83,079.66.
Inside NSE headquarters in Mumbai. (Source: Vijay Sartape/NDTV Profit)
KEY HIGHLIGHTS
Sensex Closes Above 83,000; Nifty Ends At Record High: Market Wrap
The NSE Nifty 50 and BSE Sensex ended at the highest closing level on Tuesday as Bharti Airtel Ltd., Larsen & Toubro Ltd. stocks rose. Throughout the session, the benchmarks traded near record highs, while market participants shift their focus to the US Federal Open Market Committee's policy meeting, starting from later today.
The Nifty 50 settled 34.80 points or 0.14% higher at 25,418.55, and the Sensex ended 90.88 points or 0.11% higher at 83,079.66.
Intraday, the Nifty 50 rose 0.23% higher at 24,441.65, and the Sensex rose as much as 0.20% higher at 83,152.41.
"Ahead of the much-awaited event: Federal Open Market Committee meet; the market participants remained cautious which was reflected through rangebound activities across the board. The Nifty 50 advanced by 34.80 points and settled the trade at 25,418.55. On the sectoral front, Realty and Auto were the top performers with a loss of over 1%, Media was the major laggard followed by PSU Banks. Mid and Smallcaps ended in red and underperformed the Frontline Index," said Aditya Gaggar, director, Progressive Shares.
Bharti Airtel Ltd., Larsen & Toubro Ltd., Bajaj Auto Ltd., Hero MotoCorp Ltd., and Mahindra & Mahindra Ltd. added to the benchmark index.
Tata Motors Ltd., ITC Ltd., HDFC Bank Ltd., Tata Steel Ltd., and Coal India Ltd. weighed on the index.
On NSE, seven sectors ended higher, four declined, and one remained flat out of 12. The NSE Nifty Realty rose the most, while the NSE Nifty Media declined the most.
Broader indices underperformed. Both BSE Midcap and BSE Smallcap closed 0.1% lower.
Nine of 20 sectoral indices on the BSE ended lower and 11 rose. BSE Metal fell the most.
Market breadth was skewed in the favour of sellers. Around 2,237 stocks fell, 1,712 rose, and 109 remained unchanged on the BSE.
Rupee Strengthens Ahead Of Fed Meet
The rupee strengthened by 12 paise to close 83.76 against the US dollar. It closed at 83.88 on Monday.
Source: Bloomberg
Market At Close
The NSE Nifty and BSE Sensex ended Tuesday at the highest closing level since its inception.
The Nifty 50 moved in 89.4 points range. The Sensex moved in 285.73 points throughout the session.
Bharti Airtel Ltd., Larsen & Toubro Ltd., and Bajaj Auto Ltd. added to the benchmark Nifty 50 index.
Tata Motors Ltd., ITC Ltd., and HDFC Bank Ltd. weighed on the Nifty 50 index.
The NSE Nifty IT rose as much as 0.68% to 43,645.90 as Persistent Systems Ltd., and Mphasis Ltd. led gains.
The NSE Nifty Midcap 150 rose to a life high of 22,320.60. The index settled 0.13% lower at 22,235.35.
The NSE Smallcap 250 ended 0.19% lower at 18,538.30.
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