Sensex And Nifty Continue The Continuous Record Led By IT And Consumer Goods Stocks.
Infosys, Tata Consultancy Services, Hindustan Unilever, Tech Mahindra and HCL Technologies are the main engines of Sensex.
The Indian stock market hit a record high for the fourth consecutive trading day on Tuesday, led by information technology and consumer goods giants such as Infosys, Tata Consultancy Services, Hindustan Unilever, Tech Mahindra and HCL Technologies. The benchmark index was traded within the range most of the day, but the Nifty Bank index rebounded in the last hour of trading, helping the benchmark index to close at a record high. Sensex rose by 272 points and hit a record high of 55,854.88 points. Nifty broke through the important level of 16,600 points for the first time.
The Sensex index rose 210 points to close at a record high of 55,792.27, and the Nifty 50 index rose 52 points to close at a record high of 16,614.60.
A penny reduced. The Nifty PSU Bank, Private Bank, Real Estate and Banking Index also closed with a negative bias.
On the other hand, the Nifty IT Index was the sector with the largest increase, with an increase of 2.6%. The Nifty FMCG, pharmaceutical, healthcare and consumer durables index rose 0.6% to 1.7%, while small and medium-cap stocks closed mixed.
The Nifty Midcap 100 index rose 0.34.%, and the Nifty Smallcap 100 index fell 0.26%.
Among the individual stocks of Fiem Industries, after the company notified the exchange to become the sole supplier of certain auto parts for Ola Electric Mobility, it rose by 20% to a record 951.80 rupees. The company stated in the trade-in document that Fiem Industries has become the sole supplier of Ola Electric Mobility’s headlights, taillights, gauges, rear fender components and rearview mirrors.
The share price of Steel Strips Wheels Limited (SSWL), a steel wheel manufacturer based in Chandigarh, rose 5%, reaching an intraday high after the company notified the exchange that its board of directors would hold a meeting on September 3 to consider the spin-off 1,665.15 rupees. That action.
Tata Consumer Products was Nifty’s biggest winner, with its share price rising nearly 4% to 833 rupees. Wipro, Tech Mahindra, Hindustan Unilever, Nestlé India, Titan, TCS, Infosys, Bajaj Finserv, Cipla and HCL Tech are also the highest-income companies. Winners.
On the other hand, JSW Steel, Adani Ports, Tata Motors, Coal India, UPL, IndusInd Bank, NTPC, Indian Oil, Bharti Airtel, ONGC and Tata Steel are losers.
The overall breadth of the market was negative, with 2,038 stocks closing lower, and BSE 1,134 stocks closing higher.