Share Market Closing Bell! Sensex, Nifty close at fresh highs for 4th straight day; FMCG, IT stocks lead rally

Continuing its winning streak, the Indian markets for the fourth straight session created history by closing at fresh record highs on Tuesday, as the BSE Sensex concluded just before 55800-level and Nifty50 ended above the 16600-mark, amid strong global cues.

The BSE Sensex grew almost 210 points or 0.38 per cent to 55,792.27, while Nifty50 jumped over 51 points or 0.31 per cent to 16,614.6 levels at the market close on Monday. While the mid-cap index grew as same as benchmarks to close 94 points or 0.34 per cent higher to 27601.55 levels today.

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Nifty Bank tried most to drag the market in the red, as the index ended over 227 points or 0.63 per cent lower to 35867.45 levels, led mainly by IndusInd Bank and HDFC Bank.     

Out of 50 scrips on Nifty50, 26 advanced, 23 declined, while BPCL remained unchanged at the close. FMCG stocks along with IT stocks lead the gain in the market, as Tata Consumers jumped most at the close by around 4 per cent, followed by HUL and Nestle India both near 2.5 per cent.

Similarly, the IT stocks which also aided the market to surge most minutes before the market close, in this Wipro and Tech Mahindra surged most at the close by over 3 per cent, followed by TCS and Infosys gaining around 2 per cent today.  

On the contrary, JSW Steel plummeted most at the close today by almost 2.5 per cent, followed by Adani Ports and Tata Motors each down by over 2 per cent. While Coal India, UPL, and IndusInd Bank declined between 1.5-2 per cent at the market close on Tuesday. 

All the sectoral indices closed in the red, except for the Nifty IT, FMCG, and Pharma, which surged by 2.57, 1.42, and 0.54 per cent respectively at the close today, while metal along with banking and financials tried to drag the market most at the close today.