Headline indices scale record closing highs, Sensex up 349 pts at 82,135, Nifty at 25,152

Final trade (August 29): ndian equities continued their gains for the eleventh session in a row though at a feeble rate on positive global cues.

Nifty hit a new high of 25,174.55, while the BSE Sensex marked 82,220.68 levels.

FINAL TRADE (August 29, 2024): Indian equities after continuing their running spree for the eleventh consecutive day ended higher after notching fresh highs for the second straight day. Sensex closed at a fresh high of 82,134.61, up 0.43 per cent or 349.05, while the Niftyended above 25,150 levels at 25.151.95, up 0.4 per cent or 99.6 points.

While sectorally the market is mixed, gains in the IT, FMCG, consumer durable, oil & gas indices helped the headline indices to notch fresh highs on the expiry day today.

Vinod Nair, Head of Research, Geojit Financial Services said, Indian equities began steadily and breached a record high. Volatility disturbed the trend, but the broad market carried the rally to a new high by the end of the day with rapid improvement in sentiment. The recent uptick in Indian IT and FMCG stocks points to a potential soft landing for the US economy and an improvement in domestic rural consumption.

Top gainers and losers

From the Nifty pack, Bajaj twins, Britannia, ITC and Apollo Hospitals, while laggards were Grasim Industries, M&M, Eicher Motors, Hindalco and Adani Enterprises.

European markets

Meanwhile, European markets traded higher as media and tech stocks boosted gains. The pan-European STOXX 600 index (.STOXX) was higher by 0.3 per cent.

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Headline indices scale record closing highs, Sensex up 349 pts at 82,135, Nifty at 25,152

Final trade (August 29): ndian equities continued their gains for the eleventh session in a row though at a feeble rate on positive global cues.

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