Nifty, Sensex End At Record High As Airtel, L&T Lead: Market Wrap
The NSE Nifty 50 and S&P BSE Sensex closed at an all-time high on Tuesday, led by Bharti Airtel Ltd. and Larsen & Toubro Ltd. Throughout the session, the benchmarks traded near record highs, while market participants shifted their focus to the US Federal Open Market Committee's policy meeting, starting later in the day.
The Nifty settled 34.80 points or 0.14%, higher at 25,418.55 and the Sensex ended 90.88 points or 0.11%, up at 83,079.66. Intraday, the Nifty rose 0.23% to 24,441.65 and the Sensex jumped 0.20% to 83,152.41.
"Ahead of the much-awaited event: the Federal Open Market Committee meeting, the market participants remained cautious, which was reflected through range-bound activities across the board," Aditya Gaggar, director of Progressive Share Brokers, said.
Airtel, L&T, Bajaj Auto Ltd., Hero MotoCorp Ltd. and Mahindra & Mahindra led the gains in the index.
Tata Motors Ltd., ITC Ltd., HDFC Bank Ltd., Tata Steel Ltd. and Coal India Ltd. weighed on the index.
On the NSE, seven sectors ended higher, four declined and one remained flat out of 12. The Nifty Realty rose the most, while the Media declined the most.
The broader indices underperformed as both the BSE MidCap and SmallCap closed 0.1% lower.
Nine out of the 20 sectoral indices on the BSE ended lower and 11 rose. BSE Metal fell the most.
The market breadth was skewed in the favour of the sellers as 2,237 stocks fell, 1,712 rose and 109 remained unchanged on the BSE.
Watch The Video Here
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
