Breaking: Markets Soar to Record Highs – Sensex Hits 82,550, Nifty Nears 25,300! | Exceptional Stock Market Highlights, Sept 02

Record Highs for Indian Equity Indices in Week’s First Trading Session

In a remarkable start to the trading week, India’s benchmark equity indices closed at record high levels. The BSE Sensex climbed 194.07 points, or 0.24%, to settle at an unprecedented 82,559.84. The index also touched an intra-day peak of 82,725.28. Similarly, the Nifty50 mirrored this performance, rising 42.80 points, or 0.17%, to close at 25,278.70, after reaching an all-time high of 25,333.65 during intra-day trade on Monday.

Among the Nifty50’s components, 27 out of 50 stocks closed higher. Leading the pack were Bajaj Finserv, Bajaj Finance, HCL Tech, Hero MotoCorp, and SBI Life Insurance, which saw gains of up to 3.31%. On the downside, Hindalco Industries, Dr. Reddy’s Labs, Tata Motors, NTPC, and ONGC suffered losses, falling by as much as 2.55%.

The BSE Sensex saw 17 out of its 30 listed stocks finish in the green, with Bajaj Finserv, Bajaj Finance, HCL Tech, and IndusInd Bank at the forefront, posting gains of up to 3.26%. However, NTPC, Tata Motors, Mahindra & Mahindra, and Bharti Airtel were among the laggards, declining by up to 1.51%.

Broader market indices painted a mixed picture. The Nifty Midcap 100 and Nifty Smallcap 100 both ended lower by 0.23% and 0.33%, respectively. Sectorally, IT, Banking, FMCG, and Financial Services indices ended in positive territory. Conversely, Metal, Pharma, Auto, Media, and Healthcare indices closed lower.

This robust market performance underscores the resilience and ongoing strength in specific sectors, despite mixed results in broader and sectoral indices. Investors should take note of the leading and lagging sectors to inform their upcoming trading strategies.

Original Story https://www.business-standard.com/markets/news/stock-market-live-updates-sept-2-sensex-nifty-nse-bse-gala-precision-ipo-124090200055_1.html
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