Sensex, Nifty Scale New Heights Amid Investor Optimism

Mumbai: Benchmark stock indices, Sensex and Nifty, continued their upward trajectory on Tuesday, marking their third consecutive day of record-breaking highs. The indices were propelled by robust buying in FMCG, telecom, and select IT stocks, coupled with sustained foreign investor inflows.

The 30-share BSE Sensex climbed 0.06% to close at a historic high of 80,716.55 points, while the broader NSE Nifty advanced 0.11% to settle at an all-time peak of 24,613 points. Both indices touched fresh intraday records throughout the trading session, with Sensex reaching 80,898.30 points and Nifty scaling to 24,661.25 points.

The ongoing rally, which commenced on Friday, is primarily attributed to foreign institutional investors (FIIs) increasing their exposure to Indian equities ahead of the upcoming Union Budget. Additionally, strong quarterly results from blue-chip companies have bolstered market sentiment, despite concerns over elevated valuations.

Among the Sensex constituents, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC, and Asian Paints emerged as top gainers. Conversely, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement, and Power Grid faced selling pressure.