Sensex, Nifty Hit New Record Highs Boosted by Auto and FMCG Stocks

Mumbai: Benchmark indices Sensex and Nifty surged to new record closing levels on Tuesday, bolstered by gains in auto and FMCG stocks alongside robust foreign fund inflows.

The 30-share BSE Sensex climbed 391.26 points or 0.49% to settle at a historic closing high of 80,351.64. In intraday trading, it peaked at 80,397.17, marking a gain of 436.79 points or 0.54%.

NSE Nifty rose by 112.65 points or 0.46% to close at 24,433.20, also achieving a record closing high. During the day, it hit an all-time high of 24,443.60, up by 123.05 points or 0.50%.

Key gainers among Sensex stocks included Maruti Suzuki India, which surged over 6% on reports of UP government’s tax waivers for hybrid vehicles. Other notable gainers were Mahindra & Mahindra, Titan, Sun Pharma, ITC, Nestle, and Tata Motors. However, Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, and JSW Steel lagged behind.

In the global markets, Asian indices in Seoul, Tokyo, and Shanghai closed higher, while Hong Kong ended lower. European markets showed mixed trends, with US markets mostly higher on Monday.

Foreign Institutional Investors (FIIs) infused Rs 60.98 crore into equities, as per exchange data. Meanwhile, Brent crude, the global oil benchmark, declined by 0.51% to USD 85.31 per barrel.

On Monday, the BSE benchmark closed marginally lower at 79,960.38, down by 36.22 points or 0.05%. The NSE Nifty also dipped by 3.30 points or 0.01% to 24,320.55.

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