FIRST TRADE: Indices hit new records; Sensex tops 65,500; Nifty goes past 19,400

Stock market today: Continuing their record-breaking run, the benchmark indices scaled a fresh lifetime high in the opening deals on Tuesday, July 4. At the time of writing this news, the S&P BSE Sensex was trading at 65,542.27, up 337 points, or 0.52 per cent from Monday's close, while the NSE's Nifty was ruling at 19,409.10, up 87 points, or 0.45 per cent.

"Amid steady gains in the GIFT Nifty index, key benchmark indices are seen edging higher in early trades Tuesday. While the market undertone remains bullish, selective profit-taking cannot be ruled out. The two big catalysts to trickle in this week are the US FOMC Minutes to be released on Wednesday and the US non-farm payrolls data for June to be announced on Friday. There are chances that domestic and global markets may move in a range due to a lack of cues from the US markets, which will be closed on Tuesday for the Independence Day holiday," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

BUZZING STOCKS

The morning belonged to the Bajaj Finance duo as both stocks dazzled in trade. Bajaj Finance was the top gainer on the Sensex with an over 7 per cent rally while Bajaj Finserv stock was up 5 per cent. IT stocks such as TCS, and Wipro were also the top gainers on the index. On the other hand, Bharti Airtel (down 2 per cent) was the biggest loser. 

BROADER MARKET INDICES

The S&P BSE MidCap index was trading at 28,917.52 levels, up 0.19 per cent while the S&P BSE SmallCap index was up 0.36 per cent at 32,904.70.