Business

Sensex Closes Above 82,500 Points For The First Time

Indian equity indices including sensex reached a new milestone on Monday, closing at record highs amid positive market sentiment.

The Sensex gained 194 points, or 0.24%, to close at 82,559, while the Nifty rose 42 points, or 0.17%, ending at 25,278. During the trading session, both indices hit all-time highs, with the Sensex reaching 82,725 and the Nifty touching 25,333.

Mixed Market Performance

Despite the record highs, the broader market trend was negative. On the Bombay Stock Exchange (BSE), 1,782 shares closed in the green, while 2,256 ended in the red, and 149 remained unchanged.

Also Read: Union Cabinet Approves Rs 3,300 Crore Semiconductor Unit In Gujarat

Top Gainers and Losers

Key gainers in the Sensex pack included Bajaj Finserv, Bajaj Finance, HCL Tech, IndusInd Bank, ITC, UltraTech Cement, Axis Bank, Infosys, Asian Paints, SBI, Titan, and Tech Mahindra. However, Tata Motors, NTPC, M&M, Wipro, Bharti Airtel, L&T, Power Grid, and TCS emerged as the top losers.

Sectoral Insights

IT, PSU banks, financial services, FMCGs, and private banks were the major gainers. In contrast, sectors such as auto, pharma, metal, realty, media, and infra lagged behind.

Midcap and Smallcap Performance

Midcap and smallcap stocks saw selling pressure. The Nifty Midcap 100 index closed at 59,152, down 134 points, or 0.23%. The Nifty Smallcap 100 index ended at 19,244, losing 62 points, or 0.33%.

Investor Activity and Sentiment

Foreign Institutional Investors (FIIs) continued their buying spree, purchasing equities worth Rs 5,316 crore on August 30. In contrast, domestic institutional investors sold equities worth Rs 3,198 crore on the same day.

INDIAVIX, the volatility index, rose 5% on Monday to 14.06.

Expert Opinion

Market experts noted that the market is in a phase of steady but mild upward movement, driven by the accumulation of quality large-cap stocks. FIIs turning buyers last week, mainly due to large bulk deals, also boosted market sentiment. They added, “If the market closes positive today, it will mark a record 13-day winning streak for the Nifty, further strengthening positive sentiment.”

Shibra Arshad

Recent Posts

State Cannot Claim Private Property Under Article 39(b): Supreme Court

A nine-judge SC bench ruled that the State cannot indiscriminately seize private property for redistribution…

25 mins ago

RG Kar Case: Junior Doctors In West Bengal Protest Alleged Gaps In CBI Chargesheet

Junior doctors in WB protested Tuesday over alleged flaws in the CBI chargesheet on their…

51 mins ago

Supreme Court Upholds Uttar Pradesh Madrasa Education Act; Sets Limits On Higher Education Regulation

The SC upheld the UP Board of Madrasa Education Act, 2004, reversing the Allahabad High…

1 hour ago

How US Presidential Election Is Conducted – Explained

The US presidential election is a complex, multi-step process that involves both voters and an…

2 hours ago

Mumbai Police Uncover Connections & Weapons In Baba Siddiqui Murder Investigation

The Mumbai Police disclosed that the firearms used to assassinate late NCP leader Baba Siddiqui…

2 hours ago

Mumbai Police Investigate New Death Threat Against Salman Khan Linked To Gangster Lawrence Bishnoi

Mumbai Police is investigating a threatening message directed at actor Salman Khan, allegedly originating from…

3 hours ago