Sensex And Nifty Hit New All-time High Of 80,392 And 24,401 Respectively

Mumbai: Indian equity indices ended with slight gains on Thursday after a day of fluctuating fortunes. The Sensex and Nifty reached new all-time highs of 80,392 and 24,401, respectively, but failed to sustain these levels throughout the session.
At the close, the Sensex was up by 62 points or 0.08% at 80,049, while the Nifty increased by 15 points or 0.06% to 24,302. This marked the first occasion for the Sensex to conclude above the 80,000 milestone.
Midcap and smallcap stocks surpassed the broader market in performance. The Nifty Midcap 100 index finished at 56,618, gaining 325 points or 0.58%, and the Nifty Smallcap 100 index settled at 18,792, advancing by 92 points or 0.49%.
Leading the gainers were Tata Motors, HCL Technologies, ICICI Bank, Sun Pharma, TCS, Infosys, Kotak Mahindra Bank, and Mahindra & Mahindra. On the flip side, HDFC Bank, Bajaj Finance, Wipro, Tech Mahindra, and Larsen & Toubro were the major laggards.
In the sectoral indices, Automobile, Information Technology, Pharmaceuticals, Realty, and Public Sector Enterprises emerged as significant gainers. Conversely, the Service sector and Fast-Moving Consumer Goods were the notable underperformers.
Experts suggest that the robustness of government expenditure and the emerging positive trends in corporate earnings are currently justifying the premium valuations. The resurgence of Foreign Institutional Investors in the domestic market, coupled with the anticipation of a rate cut in September, is bolstering market sentiment.
(With IANS inputs)