For the first time at closing, Sensex crossed 83,000. It is for the second consecutive day that the Sensex has hit a record high. Meanwhile Nifty also touched an all-time high on Tuesday
In the opening bell, the 30-share BSE Sensex fell 90.8 points to 82,897.98. Meanwhile, the Nifty also declined 26.9 points to 25,356.85 points on Tuesday.
In the opening bell, the 30-share BSE Sensex climbed 180.92 points to 83,071.86. Meanwhile, the Nifty was also up by 55.1 points to 25,411.60 points.
Market experts attributed the rally to positive global cues, strong corporate earnings, and consistent foreign inflows. The rally was led by gains in banking, IT, and energy stocks, reflecting robust investor sentiment.
Key sectors, including IT, banking, and auto, faced heavy losses, contributing to the overall decline in market indices. Major stocks witnessed selling pressure, with investors remaining cautious amidst global market uncertainties.
Both indices saw strong performances across multiple sectors, contributing to the day’s upward trend. Key sectors such as IT, banking, and FMCG led the gains, while energy stocks also saw notable improvement.
Global market volatility, along with domestic economic concerns, are believed to have driven the steep decline. Investors remained cautious amid fears of rising inflation, higher interest rates, and geopolitical tensions affecting market sentiment.
While the Sensex faced a slight downward pressure, the Nifty stayed in the green, albeit with a marginal increase.
The upward movement in the market was driven by positive investor sentiment, strong global cues, and buying interest in key sectors such as IT, banking, and energy. Analysts attributed the surge to favourable economic data and robust corporate earnings, which have bolstered market confidence.
Positive cues from global markets and sustained buying in select heavyweight stocks contributed to the early gains. Key sectors including IT, financials, and energy showed strength, bolstering overall market sentiment.
BSE's Sensex has gained for the fourth straight session on Friday, while Nifty rose for the seventh straight session. In Asian markets, only HongKong opened green while Seoul and Tokyo traded lower.
The stock markets opened higher on Thursday, fueled by optimism about a potential US Federal Reserve rate cut in September and easing geopolitical tensions. Analysts predict new all-time highs for Nifty and Sensex next week.
The early gains indicate continued momentum in the markets, with both major indices showing strong upward trends as trading progresses.
Tata Motors led the gains among Sensex stocks, while broader markets showed mixed performance. Positive sentiment was fueled by lower-than-expected US inflation data, which boosted global indices.
The benchmark indices opened slightly lower on Tuesday. The BSE Sensex was down 42 points, trading at 79,607, while the NSE Nifty50 dropped 10 points to 24,337 in early trading. The market sentiment was dampened by a 2% fall in HDFC Bank shares, contributing to the overall decline.
The stock market opened with a strong bullish trend on Friday, with the Sensex rising by 800 points and the Nifty crossing the 24,350 mark. IT stocks led the gains, and broader markets also showed significant strength.
The Sensex opened in positive territory today, currently up by 963.48 points, or 1.22%, trading at 79,722.88. The market's robust performance reflects investor confidence, with significant gains across multiple sectors contributing to the upward momentum.
In the broad stock market indices, all indices including Nifty Next 50, Nifty 100, Nifty Midcap, and Nifty Small cap declined around 2 per cent during the opening session.
The Nifty rose by 59.75 points to reach a new all-time high of 25,010.90, while the Sensex climbed 126.21 points to close at a record high of 81,867.55.
The Sensex rebounded by 1,293 points, and the Nifty surged nearly 2% to a record high, ending a five-day losing streak. Heavy value buying at lower levels and a rally in blue-chip stocks, particularly Reliance Industries, drove the recovery.
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