Sensex, Nifty at Record High; Ends Flat on Profit Booking
On Monday, India’s benchmark indices, including the Bombay Stock Exchange (BSE) Sensex and the National Stock Exchange (NSE) Nifty, soared to new heights, driven by positive global cues. In the course of the trading session, the Sensex reached an all-time high, touching 81,908.43, while the Nifty neared the 25,000 mark. However, subsequent profit-booking trimmed the initial gains, concluding the trading day on a relatively flat note.
The BSE Sensex slightly edged up by 23.12 points to close at 81,355.84. Similarly, the NSE Nifty saw a marginal increase, finishing the day at 24,836.10, a slight rise of 1.25 points.
The day’s trading session was characterized by volatility, with the Sensex opening at 81,679.65, quickly surging 576 points to peak at its record high before settling at 81,355.84 with a modest gain.
Contributing to the day’s momentum were sectors such as industrials, capital goods, real estate, and oil and gas. The broader market reflected this upward movement as well, with the Mid Cap index gaining 0.80 percent and the Small Cap index increasing by 1.17 percent.
According to the latest data, both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were net buyers, infusing Rs 2546 crore and Rs 2774 crore, respectively, into the market during the last trading session. This infusion of capital by both domestic and foreign investors highlights the underlying confidence in the Indian stock market.
The performance within the Sensex was mixed, with 16 companies advancing to close in the green, while 14 companies saw declines to end the day in the red. Among the day’s winners were L&T, climbing 2.68 percent to Rs 3771.90; M&M, up 2.05 percent to Rs 2946; Ultracemco, increasing by 1.42 percent to Rs 11845; and SBI, gaining 1.04 percent to Rs 871.95.
Conversely, some stocks faced downward pressure,such as Bharti Airtel, which fell by 2.06 percent to Rs 1483.55; Titan, down 1.96 percent to Rs 3427; ITC, decreasing by 1.23 percent to Rs 496.40; and Kotak Bank, which closed 1.13 percent lower at Rs 1793.75.
Despite the latter part of the trading day being dominated by profit booking, leading to the trimming of early gains, the Indian stock market’s record-setting opening underscores the robust sentiment and potential for growth in India’s economic landscape.
